Charter Communications, Inc. (NASDAQ:CHTR) Shares Sold by Kize Capital LP

Kize Capital LP trimmed its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 31.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,334 shares of the company’s stock after selling 22,300 shares during the period. Charter Communications makes up about 18.7% of Kize Capital LP’s holdings, making the stock its 2nd biggest position. Kize Capital LP’s holdings in Charter Communications were worth $15,988,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Reston Wealth Management LLC purchased a new position in Charter Communications during the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the third quarter worth $28,000. CVA Family Office LLC raised its holdings in shares of Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in Charter Communications during the first quarter valued at $34,000. Finally, Grove Bank & Trust grew its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of CHTR stock opened at $390.29 on Wednesday. The firm has a market capitalization of $55.50 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. 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 firm has a fifty day moving average of $349.95 and a 200-day moving average of $327.49.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the prior year, the company earned $8.25 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research note on Monday, September 30th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Barclays raised their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications 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.