MetLife Investment Management LLC Has $8.16 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

MetLife Investment Management LLC reduced its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,182 shares of the company’s stock after selling 868 shares during the period. MetLife Investment Management LLC’s holdings in Charter Communications were worth $8,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications during the third quarter worth about $28,000. CVA Family Office LLC raised its position in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the last quarter. Grove Bank & Trust lifted its stake in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after acquiring an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHTR shares. Wells Fargo & Company raised their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company 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 target price on the stock. in a research report on Monday, September 30th. Barclays increased their price target on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Pivotal Research boosted their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Citigroup raised Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a report on Wednesday, September 11th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average target price of $378.00.

Charter Communications Stock Performance

NASDAQ CHTR opened at $396.96 on Friday. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27. The firm has a 50-day moving average of $353.45 and a 200-day moving average of $329.20. 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 stock has a market cap of $56.45 billion, a PE ratio of 12.43, a P/E/G ratio of 0.62 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion for 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 for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $8.25 earnings per share. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 32.87 EPS for the current year.

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.