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

Perigon Wealth Management LLC trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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.

A number of other institutional investors have also modified their holdings of the company. Reston Wealth Management LLC acquired a new stake in Charter Communications in the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications in the third quarter worth $28,000. Avior Wealth Management LLC grew its holdings in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the last quarter. Finally, CVA Family Office LLC increased its position in shares of Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

Charter Communications stock opened at $336.62 on Friday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The company’s fifty day moving average price is $365.08 and its 200 day moving average price is $352.75. The stock has a market capitalization of $47.87 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.46 and a beta of 1.10. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.25 earnings per share. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 34.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley boosted their price target 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. Benchmark upped their target price on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reduced their price target on shares of Charter Communications from $390.00 to $380.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 15th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and upped their price objective for the company from $385.00 to $450.00 in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $383.89.

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.