Woodson Capital Management LP Makes New $9.40 Million Investment in Charter Communications, Inc. (NASDAQ:CHTR)

Woodson Capital Management LP purchased a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 29,000 shares of the company’s stock, valued at approximately $9,398,000. Charter Communications accounts for 1.8% of Woodson Capital Management LP’s investment portfolio, making the stock its 21st largest position.

A number of other large investors have also made changes to their positions in CHTR. First Eagle Investment Management LLC grew its holdings 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 valued at $104,188,000 after buying an additional 348,299 shares during the last quarter. Assenagon Asset Management S.A. increased its position in 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 purchasing an additional 247,789 shares in the last quarter. FMR LLC raised its stake in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after purchasing an additional 230,817 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Charter Communications by 6.1% in the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after purchasing an additional 175,130 shares in the last quarter. Finally, Fernbridge Capital Management LP purchased a new stake in shares of Charter Communications during the third quarter worth about $48,200,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price 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. Royal Bank of Canada raised their price target on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a report on Monday, September 30th. Pivotal Research boosted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $378.00.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $389.81 on Friday. The business has a 50 day simple moving average of $352.12 and a 200-day simple moving average of $328.36. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a market capitalization of $55.43 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same period in the previous year, the business posted $8.25 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts expect that Charter Communications, Inc. will post 32.87 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.