PYA Waltman Capital LLC Has $5.41 Million Stake in Charter Communications, Inc. (NASDAQ:CHTR)

PYA Waltman Capital LLC grew its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 8.1% during the third quarter, HoldingsChannel reports. The firm owned 16,685 shares of the company’s stock after buying an additional 1,246 shares during the quarter. Charter Communications accounts for 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 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays raised their target price on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada upped their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday, November 4th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. Finally, Benchmark increased their price target on Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $378.00.

Charter Communications Price Performance

CHTR stock opened at $403.06 on Monday. The company has a market capitalization of $57.32 billion, a P/E ratio of 12.62, a price-to-earnings-growth 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. 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.

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 analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.25 EPS. Research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal 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.