Charter Communications, Inc. $CHTR Stock Holdings Lifted by Cryder Capital Partners LLP

Cryder Capital Partners LLP boosted its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 6.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 567,274 shares of the company’s stock after buying an additional 35,112 shares during the period. Charter Communications accounts for approximately 13.1% of Cryder Capital Partners LLP’s holdings, making the stock its biggest position. Cryder Capital Partners LLP’s holdings in Charter Communications were worth $231,907,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Salem Investment Counselors Inc. grew its position in shares of Charter Communications by 2,033.3% during the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Charter Communications during the 2nd quarter valued at approximately $28,000. SouthState Corp purchased a new stake in Charter Communications during the 1st quarter valued at approximately $25,000. Family CFO Inc bought a new stake in shares of Charter Communications during the second quarter valued at approximately $33,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after buying an additional 41 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. KeyCorp cut their target price on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Barclays dropped their price objective on shares of Charter Communications from $341.00 to $275.00 and set an “underweight” rating for the company in a report on Monday, July 28th. Citigroup initiated coverage on Charter Communications in a report on Monday, October 6th. They issued a “buy” rating and a $325.00 target price on the stock. Royal Bank Of Canada decreased their target price on Charter Communications from $370.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Charter Communications in a report on Friday. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus target price of $373.71.

Charter Communications Stock Up 0.1%

Shares of NASDAQ:CHTR opened at $244.20 on Monday. The company has a market cap of $33.36 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.56 and a beta of 1.05. Charter Communications, Inc. has a 12 month low of $243.61 and a 12 month high of $437.06. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. The company has a 50-day moving average price of $264.77 and a 200 day moving average price of $332.03.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing the consensus estimate of $10.06 by ($0.88). The company had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The company’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.49 earnings per share. As a group, equities research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Christopher L. Winfrey purchased 3,670 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the transaction, the chief executive officer directly owned 70,243 shares in the company, valued at $19,183,363.30. This represents a 5.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Balan Nair acquired 360 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the transaction, the director directly owned 9,622 shares of the company’s stock, valued at approximately $2,638,448.62. The trade was 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 currently owned by insiders.

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.