M&T Bank Corp Has $1.86 Million Position in Charter Communications, Inc. (NASDAQ:CHTR)

M&T Bank Corp decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 52.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

A number of other hedge funds have also recently bought and sold shares of the company. Worldquant Millennium Advisors LLC lifted its stake in shares of Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after acquiring an additional 26,446 shares during the period. Cornerstone Capital Inc. raised its holdings in 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 position in Charter Communications by 8.1% during the 3rd quarter. National Pension Service now owns 172,013 shares of the company’s stock valued at $55,746,000 after purchasing an additional 12,915 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Charter Communications in the 3rd quarter valued at about $17,788,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $379.78 on Friday. The company has a fifty day moving average price of $366.42 and a 200 day moving average price of $337.71. The firm has a market cap of $54.00 billion, a PE ratio of 11.89, a PEG ratio of 0.60 and a beta of 1.08. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (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 the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $8.25 earnings per share. Research analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CHTR shares. Wells Fargo & Company increased their price objective 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. Morgan Stanley raised their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their target price on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research note on Thursday. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus price target of $384.42.

About Charter Communications

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.