PNC Financial Services Group Inc. Sells 4,827 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

PNC Financial Services Group Inc. lowered its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,394 shares of the company's stock after selling 4,827 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Charter Communications were worth $10,418,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. Geode Capital Management LLC raised its stake in shares of Charter Communications by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock valued at $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC lifted its holdings in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after acquiring an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Charter Communications by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company's stock valued at $290,642,000 after acquiring an additional 23,225 shares in the last quarter. Finally, Cryder Capital Partners LLP increased its stake in Charter Communications by 8.0% in the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock valued at $172,746,000 after acquiring an additional 39,334 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Analysts Set New Price Targets

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

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Charter Communications Stock Performance

CHTR stock opened at $355.87 on Wednesday. The company has a 50 day moving average price of $355.67 and a 200 day moving average price of $354.89. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The stock 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 (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the company earned $7.07 earnings per share. Analysts forecast that Charter Communications, Inc. will post 38.16 EPS for the current year.

Charter Communications Company Profile

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.

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