Metis Global Partners LLC Acquires 178 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Metis Global Partners LLC lifted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,495 shares of the company’s stock after purchasing an additional 178 shares during the period. Metis Global Partners LLC’s holdings in Charter Communications were worth $1,541,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Charter Communications by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after acquiring an additional 13,430 shares during the last quarter. FMR LLC increased its position in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. increased its position in Charter Communications by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after purchasing an additional 7,008 shares during the period. Finally, Cryder Capital Partners LLP increased its position in Charter Communications by 8.0% in the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after purchasing an additional 39,334 shares during the period. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CHTR shares. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Morgan Stanley lifted their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Pivotal Research lifted their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lifted their price objective on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Charter Communications presently has an average rating of “Hold” and a consensus target price of $384.42.

Charter Communications Trading Up 2.0 %

NASDAQ:CHTR opened at $370.66 on Tuesday. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $52.71 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The business’s 50-day simple moving average is $352.71 and its 200-day simple moving average is $353.84.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the previous year, the firm posted $7.07 EPS. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal 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.