Cryder Capital Partners LLP Raises Holdings in Charter Communications, Inc. $CHTR

Cryder Capital Partners LLP grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 567,274 shares of the company’s stock after acquiring an additional 35,112 shares during the quarter. Charter Communications accounts for 13.1% of Cryder Capital Partners LLP’s portfolio, making the stock its biggest holding. Cryder Capital Partners LLP owned about 0.40% of Charter Communications worth $231,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Charter Communications by 1.5% in the first quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company’s stock worth $3,018,909,000 after acquiring an additional 120,303 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after buying an additional 806,145 shares during the last quarter. Invesco Ltd. raised its holdings in Charter Communications by 7.0% in the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock worth $676,181,000 after buying an additional 120,624 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Charter Communications by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,283,315 shares of the company’s stock worth $472,941,000 after buying an additional 19,594 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Charter Communications by 22.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock valued at $405,118,000 after buying an additional 198,444 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of recent analyst reports. Citigroup assumed coverage on shares of Charter Communications in a report on Monday, October 6th. They issued a “buy” rating and a $325.00 price objective for the company. The Goldman Sachs Group started coverage on Charter Communications in a report on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a report on Monday, October 6th. Barclays dropped their price objective on Charter Communications from $341.00 to $275.00 and set an “underweight” rating on the stock in a research report on Monday, July 28th. Finally, Sanford C. Bernstein decreased their target price on Charter Communications from $380.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, September 10th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and an average target price of $373.71.

Insider Activity

In related news, CEO Christopher L. Winfrey purchased 3,670 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the acquisition, the chief executive officer owned 70,243 shares of the company’s stock, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Balan Nair acquired 360 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the purchase, the director directly owned 9,622 shares of the company’s stock, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.83% of the stock is owned by corporate insiders.

Charter Communications Stock Performance

CHTR stock opened at $244.20 on Monday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. Charter Communications, Inc. has a 1 year low of $243.61 and a 1 year high of $437.06. The company has a market cap of $33.36 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05. The stock’s fifty day moving average price is $264.77 and its 200-day moving average price is $332.03.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). The firm had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $8.49 EPS. On average, equities analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications Company 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.