Cryder Capital Partners LLP Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Cryder Capital Partners LLP lowered its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 532,162 shares of the company’s stock after selling 874 shares during the period. Charter Communications accounts for 13.3% of Cryder Capital Partners LLP’s holdings, making the stock its 2nd biggest position. Cryder Capital Partners LLP’s holdings in Charter Communications were worth $182,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHTR. Atomi Financial Group Inc. acquired a new position in Charter Communications in the 3rd quarter valued at $276,000. Brookstone Capital Management grew its holdings in Charter Communications by 116.7% in the 3rd quarter. Brookstone Capital Management now owns 1,508 shares of the company’s stock valued at $489,000 after buying an additional 812 shares in the last quarter. CWM LLC grew its holdings in Charter Communications by 8.8% in the 3rd quarter. CWM LLC now owns 1,751 shares of the company’s stock valued at $567,000 after buying an additional 141 shares in the last quarter. UMB Bank n.a. grew its holdings in Charter Communications by 72.2% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $332,000 after buying an additional 429 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Charter Communications by 286.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 838 shares of the company’s stock valued at $272,000 after buying an additional 621 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays upped their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Pivotal Research increased their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley increased their target price on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $347.84 on Monday. The business’s fifty day simple moving average is $358.81 and its 200 day simple moving average is $353.82. The firm has a market capitalization of $49.46 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $7.07 EPS. As a group, analysts anticipate that Charter Communications, Inc. will post 38.16 EPS 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.