Cryder Capital Partners LLP Has $172.75 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Cryder Capital Partners LLP boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,036 shares of the company’s stock after acquiring an additional 39,334 shares during the quarter. Charter Communications accounts for about 10.0% of Cryder Capital Partners LLP’s portfolio, making the stock its 7th largest position. Cryder Capital Partners LLP’s holdings in Charter Communications were worth $172,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHTR. Bessemer Group Inc. boosted its holdings in Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after acquiring an additional 3,080 shares during the last quarter. Cornerstone Capital Inc. raised its stake in Charter Communications by 40.7% during the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock worth $12,270,000 after buying an additional 10,950 shares during the last quarter. National Pension Service boosted its position in Charter Communications by 8.1% during the third quarter. National Pension Service now owns 172,013 shares of the company’s stock valued at $55,746,000 after acquiring an additional 12,915 shares during the last quarter. AustralianSuper Pty Ltd acquired a new stake in Charter Communications during the 2nd quarter worth about $7,171,000. Finally, Cetera Investment Advisers raised its position in shares of Charter Communications by 432.3% in the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock worth $2,150,000 after acquiring an additional 6,009 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $406.22 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market cap of $57.76 billion, a PE ratio of 12.72, a P/E/G ratio of 0.62 and a beta of 1.03. The business has a 50 day moving average of $338.58 and a 200 day moving average of $318.75. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $421.16.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results 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 firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned $8.25 earnings per share. As a group, equities research analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHTR. JPMorgan Chase & Co. upped their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Morgan Stanley upped their target price on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Pivotal Research lifted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada increased their price target on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $379.06.

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.