PNC Financial Services Group Inc. Has $10.42 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

PNC Financial Services Group Inc. lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 13.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,394 shares of the company’s stock after selling 4,827 shares during the period. PNC Financial Services Group Inc.’s holdings in Charter Communications were worth $10,418,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the third quarter worth $28,000. Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications during the 4th quarter worth about $32,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications in the 4th quarter valued at about $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $55,000. Institutional investors own 81.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CHTR. Benchmark restated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada boosted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Barclays boosted their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Finally, BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average target price of $384.42.

Charter Communications Price Performance

NASDAQ CHTR opened at $355.87 on Wednesday. The firm’s 50 day moving average is $355.67 and its 200-day moving average is $354.89. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $50.60 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the company posted $7.07 EPS. Equities research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.