TIAA Trust National Association Sells 138 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

TIAA Trust National Association trimmed its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,646 shares of the company’s stock after selling 138 shares during the quarter. TIAA Trust National Association’s holdings in Charter Communications were worth $478,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CHTR. Pzena Investment Management LLC increased its stake in Charter Communications by 96.5% in the first quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after purchasing an additional 1,399,034 shares in the last quarter. Norges Bank bought a new stake in Charter Communications during the 4th quarter worth approximately $310,727,000. Parnassus Investments LLC raised its position in shares of Charter Communications by 40.1% during the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after buying an additional 463,968 shares in the last quarter. Capital International Investors grew its holdings in shares of Charter Communications by 6.6% during the 4th quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock valued at $2,671,608,000 after purchasing an additional 427,922 shares during the last quarter. Finally, Putnam Investments LLC grew its holdings in shares of Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after purchasing an additional 242,448 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Trading Down 0.4 %

Shares of NASDAQ CHTR traded down $1.32 during trading on Friday, hitting $320.31. 1,113,301 shares of the company were exchanged, compared to its average volume of 1,371,215. The firm has a market capitalization of $46.13 billion, a PE ratio of 10.36, a P/E/G ratio of 1.35 and a beta of 1.04. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $458.30. The company has a fifty day moving average price of $287.83 and a 200-day moving average price of $297.41. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.65 earnings per share. As a group, equities research analysts expect that Charter Communications, Inc. will post 31.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities cut their price target on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Citigroup cut shares of Charter Communications from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $280.00 to $255.00 in a report on Wednesday, July 3rd. Wells Fargo & Company decreased their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a report on Monday, April 29th. Pivotal Research reduced their price target on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Morgan Stanley boosted their target price on shares of Charter Communications from $300.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $331.80.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.