Metis Global Partners LLC Buys 175 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Metis Global Partners LLC grew its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,317 shares of the company’s stock after acquiring an additional 175 shares during the period. Metis Global Partners LLC’s holdings in Charter Communications were worth $1,399,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in Charter Communications by 111.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,310 shares of the company’s stock valued at $381,000 after purchasing an additional 690 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in Charter Communications by 98.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 2,875 shares of the company’s stock valued at $836,000 after buying an additional 1,425 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in Charter Communications by 50.8% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,170 shares of the company’s stock worth $340,000 after buying an additional 394 shares during the period. Intech Investment Management LLC bought a new stake in Charter Communications during the 1st quarter worth approximately $224,000. Finally, Ontario Teachers Pension Plan Board increased its position in Charter Communications by 14.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 5,814 shares of the company’s stock valued at $1,690,000 after acquiring an additional 734 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR stock opened at $389.57 on Friday. The company’s 50-day moving average is $342.59 and its 200-day moving average is $320.79. The stock has a market capitalization of $55.40 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.65 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $421.16.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period in the prior year, the firm earned $8.25 earnings per share. Charter Communications’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Royal Bank of Canada upped their price target on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” 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 research report on Monday, September 30th. Rosenblatt Securities lifted their price objective on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $379.06.

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.