Prestige Wealth Management Group LLC Sells 168 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Prestige Wealth Management Group LLC trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,682 shares of the company’s stock after selling 168 shares during the period. Prestige Wealth Management Group LLC’s holdings in Charter Communications were worth $577,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CHTR. Avior Wealth Management LLC increased 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 bought a new position in Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new position in Charter Communications during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. bought a new position in Charter Communications in the 4th quarter valued at $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Charter Communications in the 4th quarter valued at $55,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 target price for the company. Royal Bank of Canada upped their target price 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. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Finally, StockNews.com raised Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus price target of $389.39.

Charter Communications Stock Performance

Charter Communications stock opened at $367.50 on Tuesday. The stock’s 50 day moving average is $357.33 and its 200 day moving average is $355.42. The company has a market capitalization of $52.26 billion, a P/E ratio of 10.51, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. 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 announced its quarterly earnings data 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 net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the company posted $7.07 earnings per share. On average, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications 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.