M&T Bank Corp Has $2.17 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

M&T Bank Corp lessened its position in Charter Communications, Inc. (NASDAQ:CHTR) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,581 shares of the company’s stock after selling 411 shares during the period. M&T Bank Corp’s holdings in Charter Communications were worth $2,169,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charter Communications in the 4th quarter valued at $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Charter Communications in the 4th quarter valued at $44,000. Catalyst Capital Advisors LLC boosted its stake in shares of Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after purchasing an additional 27 shares in the last quarter. Bourgeon Capital Management LLC lifted its position in Charter Communications by 219.5% during the 4th quarter. Bourgeon Capital Management LLC now owns 131 shares of the company’s stock worth $51,000 after buying an additional 90 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in Charter Communications during the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $272.78 on Thursday. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $39.29 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. The stock has a 50-day moving average of $276.92 and a 200-day moving average of $337.76. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The company had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $6.65 earnings per share. As a group, sell-side analysts expect that Charter Communications, Inc. will post 32.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CHTR shares. Barclays reduced their price target on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a research report on Monday, March 18th. UBS Group reduced their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Pivotal Research reduced their price target on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average price target of $356.47.

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.