PYA Waltman Capital LLC Buys 1,246 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

PYA Waltman Capital LLC increased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,685 shares of the company's stock after acquiring an additional 1,246 shares during the quarter. Charter Communications comprises about 1.8% of PYA Waltman Capital LLC's investment portfolio, making the stock its 15th largest holding. PYA Waltman Capital LLC's holdings in Charter Communications were worth $5,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its holdings in Charter Communications by 7.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 35,435 shares of the company's stock valued at $11,484,000 after acquiring an additional 2,304 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in Charter Communications by 95.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 10,635 shares of the company's stock valued at $3,447,000 after purchasing an additional 5,199 shares in the last quarter. MML Investors Services LLC lifted its position in Charter Communications by 24.7% during the third quarter. MML Investors Services LLC now owns 2,925 shares of the company's stock worth $948,000 after purchasing an additional 579 shares during the period. Orion Portfolio Solutions LLC grew its stake in Charter Communications by 54.3% during the third quarter. Orion Portfolio Solutions LLC now owns 4,480 shares of the company's stock worth $1,452,000 after buying an additional 1,576 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in Charter Communications by 3.0% in the 3rd quarter. XTX Topco Ltd now owns 9,030 shares of the company's stock valued at $2,926,000 after buying an additional 265 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Trading Down 9.2 %

Shares of CHTR traded down $37.10 during mid-day trading on Monday, reaching $365.96. 1,956,813 shares of the company were exchanged, compared to its average volume of 1,098,491. The business has a 50 day simple moving average of $361.22 and a two-hundred day simple moving average of $334.40. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $52.04 billion, a PE ratio of 12.62, a PEG ratio of 0.64 and a beta of 1.08. Charter Communications, Inc. has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the previous year, the company earned $8.25 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHTR. Wolfe Research downgraded shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target for the company. in a report on Monday, September 30th. 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 research note on Tuesday, November 26th. Morgan Stanley boosted their price target on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada boosted their target price 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. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Charter Communications currently has a consensus rating of "Hold" and a consensus price target of $378.00.

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.