Charter Communications, Inc. (NASDAQ:CHTR) Stock Position Trimmed by Cryder Capital Partners LLP

Cryder Capital Partners LLP lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 532,162 shares of the company's stock after selling 874 shares during the quarter. Charter Communications makes up about 13.3% of Cryder Capital Partners LLP's holdings, making the stock its 2nd largest position. Cryder Capital Partners LLP owned approximately 0.37% of Charter Communications worth $182,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Reston Wealth Management LLC purchased a new stake in Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications in the third quarter valued at approximately $28,000. Avior Wealth Management LLC increased its position in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares during the last quarter. Grove Bank & Trust lifted its holdings in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after acquiring an additional 34 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new stake in Charter Communications during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

NASDAQ CHTR traded up $6.21 during trading hours on Thursday, hitting $360.77. The company had a trading volume of 728,145 shares, compared to its average volume of 1,176,626. The firm has a 50 day simple moving average of $355.91 and a 200 day simple moving average of $354.20. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27. The firm has a market capitalization of $51.30 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 0.43 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the company earned $7.07 earnings per share. Equities research analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHTR has been the subject of several research analyst reports. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Benchmark reissued a "buy" rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Finally, Morgan Stanley lifted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $384.42.

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.