M&T Bank Corp Reduces Position in Charter Communications, Inc. (NASDAQ:CHTR)

M&T Bank Corp cut its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 16.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,670 shares of the company's stock after selling 894 shares during the quarter. M&T Bank Corp's holdings in Charter Communications were worth $1,720,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. boosted its position in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after purchasing an additional 77 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications in the 4th quarter valued at about $36,000. Brown Brothers Harriman & Co. boosted its position in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 29 shares during the period. NBC Securities Inc. acquired a new stake in Charter Communications during the 1st quarter worth approximately $47,000. Finally, Private Trust Co. NA lifted its position in Charter Communications by 69.5% during the 1st quarter. Private Trust Co. NA now owns 161 shares of the company's stock worth $59,000 after acquiring an additional 66 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CHTR. Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective for the company in a research report on Friday, May 16th. BNP Paribas reaffirmed an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Morgan Stanley increased their price objective on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Sanford C. Bernstein cut Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price objective for the company. in a research report on Monday, June 2nd. Finally, UBS Group increased their price objective on Charter Communications from $400.00 to $425.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications presently has an average rating of "Hold" and a consensus price target of $421.26.

Charter Communications Price Performance

CHTR stock traded down $9.38 during midday trading on Friday, hitting $392.20. 813,949 shares of the stock were exchanged, compared to its average volume of 1,267,736. The stock's 50-day moving average price is $401.73 and its 200-day moving average price is $371.19. The stock has a market cap of $55.05 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.43 and a beta of 1.08. Charter Communications, Inc. has a fifty-two week low of $304.76 and a fifty-two week high of $437.06. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.55 earnings per share. Research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

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.