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

MetLife Investment Management LLC trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 3.3% in the third quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in Charter Communications in the third quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications in the 3rd quarter worth about $28,000. CVA Family Office LLC lifted its holdings in Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the last quarter. Grove Bank & Trust boosted its position in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after buying an additional 35 shares in 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 have recently issued reports on CHTR shares. Barclays lifted their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised 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, Pivotal Research upped their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus target price of $378.00.

Charter Communications Trading Up 1.8 %

NASDAQ:CHTR opened at $396.96 on Friday. The firm has a market capitalization of $56.45 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.62 and a beta of 1.03. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $415.27. The business’s 50-day moving average price is $353.45 and its two-hundred day moving average price is $329.20. 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 (NASDAQ:CHTR) last released its quarterly earnings data 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 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 quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $8.25 EPS. On average, equities analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Charter Communications 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.