Charter Communications, Inc. (NASDAQ:CHTR) is Kize Capital LP’s 2nd Largest Position

Kize Capital LP decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 31.1% during the 3rd quarter, according to its most recent disclosure with the SEC. 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 investment portfolio, making the stock its 2nd largest position. Kize Capital LP’s holdings in Charter Communications were worth $15,988,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tidal Investments LLC grew its stake in shares of Charter Communications by 27.0% in the first quarter. Tidal Investments LLC now owns 12,279 shares of the company’s stock valued at $3,572,000 after buying an additional 2,613 shares in the last quarter. Plato Investment Management Ltd raised its stake in shares of Charter Communications by 373.5% during the first quarter. Plato Investment Management Ltd now owns 1,037 shares of the company’s stock valued at $301,000 after purchasing an additional 818 shares during the period. New Covenant Trust Company N.A. acquired a new position in shares of Charter Communications during the first quarter worth $34,000. Swedbank AB acquired a new stake in Charter Communications during the 1st quarter valued at $11,147,000. Finally, Cetera Investment Advisers grew its holdings in Charter Communications by 432.3% during the 1st quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock valued at $2,150,000 after purchasing an additional 6,009 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Performance

CHTR opened at $390.29 on Wednesday. The business has a fifty day simple moving average of $349.95 and a 200-day simple moving average of $327.49. The firm has a market cap of $55.50 billion, a PE ratio of 12.22, a P/E/G ratio of 0.61 and a beta of 1.03. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data 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 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 business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Benchmark raised their target price on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Wells Fargo & Company raised their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Pivotal Research upped their target price on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Morgan Stanley upped their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $378.00.

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.