Woodson Capital Management LP Cuts Position in Charter Communications, Inc. (NASDAQ:CHTR)

Woodson Capital Management LP decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 17.2% in the 4th quarter, HoldingsChannel reports. The fund owned 24,000 shares of the company’s stock after selling 5,000 shares during the quarter. Charter Communications comprises about 1.3% of Woodson Capital Management LP’s investment portfolio, making the stock its 21st biggest holding. Woodson Capital Management LP’s holdings in Charter Communications were worth $8,226,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. XN LP purchased a new position in Charter Communications in the fourth quarter worth $6,882,000. Vident Advisory LLC raised its position in Charter Communications by 120.9% in the fourth quarter. Vident Advisory LLC now owns 4,794 shares of the company’s stock worth $1,643,000 after acquiring an additional 2,624 shares in the last quarter. Toronto Dominion Bank raised its position in Charter Communications by 1.7% in the fourth quarter. Toronto Dominion Bank now owns 33,717 shares of the company’s stock worth $11,557,000 after acquiring an additional 560 shares in the last quarter. Siemens Fonds Invest GmbH raised its position in Charter Communications by 179.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 15,665 shares of the company’s stock worth $5,369,000 after acquiring an additional 10,068 shares in the last quarter. Finally, Sora Investors LLC purchased a new position in Charter Communications in the fourth quarter worth $16,012,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 2.0%

Shares of CHTR stock opened at $418.63 on Tuesday. The firm has a 50-day moving average price of $366.92 and a 200 day moving average price of $366.69. Charter Communications, Inc. has a twelve month low of $266.06 and a twelve month high of $437.06. The company has a market capitalization of $58.76 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 0.44 and a beta of 1.11. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.55 EPS. Research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on CHTR shares. Royal Bank of Canada increased their price objective on Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Monday, April 28th. Loop Capital raised Charter Communications from a “hold” rating to a “buy” rating and lifted their price target for the stock from $430.00 to $510.00 in a research note on Monday. Benchmark reaffirmed a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Morgan Stanley lifted their price target on Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, April 28th. Finally, BNP Paribas reaffirmed an “underperform” rating and set a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $409.39.

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.