Prudential Financial Inc. Sells 5,061 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Prudential Financial Inc. decreased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 70,009 shares of the company’s stock after selling 5,061 shares during the quarter. Prudential Financial Inc.’s holdings in Charter Communications were worth $23,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CHTR. Franklin Resources Inc. boosted its position in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 13,430 shares during the period. FMR LLC boosted its position in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Charter Communications by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,921 shares of the company’s stock worth $290,642,000 after purchasing an additional 23,225 shares during the period. Finally, First Pacific Advisors LP raised its holdings in Charter Communications by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 614,122 shares of the company’s stock worth $210,503,000 after purchasing an additional 3,490 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 2.6 %

NASDAQ CHTR opened at $384.77 on Thursday. The stock’s 50-day moving average price is $358.64 and its 200-day moving average price is $355.96. The company has a market capitalization of $54.71 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. 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 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business posted $7.07 EPS. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on CHTR. Benchmark restated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Citigroup initiated coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. StockNews.com lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus target price of $389.39.

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.