Charter Communications, Inc. (NASDAQ:CHTR) Holdings Lowered by M&T Bank Corp

M&T Bank Corp lowered its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,564 shares of the company’s stock after selling 158 shares during the quarter. M&T Bank Corp’s holdings in Charter Communications were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHTR. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the third quarter worth about $28,000. Avior Wealth Management LLC lifted its position in shares of 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 acquired a new position in Charter Communications in the 4th quarter worth approximately $32,000. Wingate Wealth Advisors Inc. purchased a new position in Charter Communications during the 4th quarter worth approximately $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Charter Communications during the 4th quarter valued at $55,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $379.52 on Monday. The stock has a market capitalization of $53.97 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.44 and a beta of 1.13. The business has a 50-day moving average of $354.80 and a two-hundred day moving average of $354.61. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CHTR shares. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Benchmark restated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research note on Tuesday, November 26th. Royal Bank of Canada increased their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and an average target price of $384.42.

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.