Cryder Capital Partners LLP Purchases 39,334 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Cryder Capital Partners LLP increased its position in Charter Communications, Inc. (NASDAQ:CHTR) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 533,036 shares of the company’s stock after purchasing an additional 39,334 shares during the quarter. Charter Communications makes up 10.0% of Cryder Capital Partners LLP’s portfolio, making the stock its 7th biggest position. Cryder Capital Partners LLP owned 0.37% of Charter Communications worth $172,746,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Capital International Investors raised its stake in shares of Charter Communications by 53.6% in the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after purchasing an additional 3,685,451 shares during the period. First Eagle Investment Management LLC boosted its position in Charter Communications by 172,425.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after acquiring an additional 348,299 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after acquiring an additional 247,789 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after purchasing an additional 175,130 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in Charter Communications in the first quarter valued at $32,074,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of recent research reports. Pivotal Research increased their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research note on Monday, September 30th. JPMorgan Chase & Co. lifted their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Raymond James lowered 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 given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $379.06.

Charter Communications Stock Up 3.6 %

NASDAQ CHTR opened at $406.22 on Thursday. 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 fifty-two week low of $236.08 and a fifty-two week high of $421.16. The stock has a market capitalization of $57.76 billion, a PE ratio of 12.72, a PEG ratio of 0.62 and a beta of 1.03. The business has a fifty day moving average price of $338.58 and a two-hundred day moving average price of $318.75.

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, beating 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 return on equity of 28.73% and a net margin of 8.52%. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $8.25 earnings per share. Equities analysts expect that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal 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.