Prudential PLC Has $949,000 Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Prudential PLC cut its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 47.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,769 shares of the company's stock after selling 2,491 shares during the period. Prudential PLC's holdings in Charter Communications were worth $949,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on CHTR shares. Royal Bank of Canada boosted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. StockNews.com lowered Charter Communications from a "buy" rating to a "hold" rating in a research note on Saturday. Citigroup started coverage on Charter Communications in a report on Friday, March 14th. They issued a "buy" rating and a $425.00 target price on the stock. Finally, Barclays upped their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Five analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $389.06.

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Charter Communications Stock Down 0.3 %

Shares of Charter Communications stock traded down $1.09 on Friday, hitting $334.38. 1,288,356 shares of the company traded hands, compared to its average volume of 1,245,631. The company has a 50-day moving average price of $358.24 and a 200 day moving average price of $357.99. 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, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a market cap of $47.46 billion, a PE ratio of 9.56, a PEG ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping 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 quarter last year, the business posted $7.07 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 38.16 earnings per share 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.