Perigon Wealth Management LLC Cuts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Perigon Wealth Management LLC lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,712 shares of the company’s stock after selling 88 shares during the quarter. Perigon Wealth Management LLC’s holdings in Charter Communications were worth $1,287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chemistry Wealth Management LLC lifted its stake in Charter Communications by 4.8% in the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares in the last quarter. US Bancorp DE lifted its position in shares of Charter Communications by 0.4% in the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after buying an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Charter Communications by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after buying an additional 32 shares during the last quarter. Grove Bank & Trust grew its holdings in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares in the last quarter. Finally, CVA Family Office LLC raised its holdings in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 6.3 %

CHTR opened at $336.62 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock’s fifty day moving average is $365.08 and its two-hundred day moving average is $352.75. The company has a market capitalization of $47.87 billion, a P/E ratio of 10.54, a PEG ratio of 0.46 and a beta of 1.10. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter last year, the firm posted $8.25 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts forecast that Charter Communications, Inc. will post 34.62 earnings per share for the current year.

Analyst Ratings Changes

CHTR has been the subject of a number of recent research reports. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Thursday, December 12th. Royal Bank of Canada reduced their target price on shares of Charter Communications from $390.00 to $380.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company increased their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Pivotal Research boosted their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley raised their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average target price of $383.89.

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.