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

M&T Bank Corp trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 52.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,722 shares of the company's stock after selling 6,274 shares during the quarter. M&T Bank Corp's holdings in Charter Communications were worth $1,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Worldquant Millennium Advisors LLC raised its position in Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock worth $12,993,000 after acquiring an additional 26,446 shares during the period. Cornerstone Capital Inc. raised its position in shares of Charter Communications by 40.7% during the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company's stock worth $12,270,000 after purchasing an additional 10,950 shares during the last quarter. National Pension Service lifted its stake in Charter Communications by 8.1% in the 3rd quarter. National Pension Service now owns 172,013 shares of the company's stock valued at $55,746,000 after buying an additional 12,915 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Charter Communications in the 3rd quarter worth about $17,788,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Charter Communications by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock worth $267,267,000 after buying an additional 7,008 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Trading Down 2.2 %

Shares of NASDAQ CHTR traded down $8.67 during mid-day trading on Friday, reaching $379.78. 807,285 shares of the company's stock were exchanged, compared to its average volume of 1,367,456. The company's 50-day moving average is $366.42 and its 200-day moving average is $338.18. 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 firm has a market capitalization of $54.00 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.60 and a beta of 1.08. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $8.25 earnings per share. Analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHTR. Benchmark raised 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. Wells Fargo & Company raised their price objective on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Wolfe Research lowered shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 target price for the company. in a report on Monday, September 30th. KeyCorp upgraded 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 research report on Thursday. Finally, Citigroup upgraded shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price target on the stock in a research report on Wednesday, September 11th. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $384.42.

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.