Prudential PLC Sells 2,491 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Prudential PLC lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 47.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,769 shares of the company’s stock after selling 2,491 shares during the quarter. Prudential PLC’s holdings in Charter Communications were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Avior Wealth Management LLC lifted its position in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications in the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications in the fourth quarter valued at about $36,000. Brown Brothers Harriman & Co. boosted its position in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after buying an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CHTR shares. StockNews.com cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada lifted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Finally, Citigroup started coverage on Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus price target of $393.18.

Charter Communications Trading Down 1.6 %

Shares of CHTR stock opened at $332.89 on Tuesday. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a market capitalization of $47.25 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The firm has a 50 day moving average price of $359.87 and a two-hundred day moving average price of $357.76. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the previous year, the company posted $7.07 earnings per share. As a group, analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current 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.