96,047 Shares in Charter Communications, Inc. (NASDAQ:CHTR) Acquired by Kodai Capital Management LP

Kodai Capital Management LP acquired a new position in shares of Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 96,047 shares of the company’s stock, valued at approximately $37,332,000. Kodai Capital Management LP owned 0.07% of Charter Communications at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHTR. AQR Capital Management LLC raised its stake in Charter Communications by 9.7% in the third quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock valued at $6,501,000 after purchasing an additional 1,311 shares in the last quarter. Victory Capital Management Inc. grew its stake in Charter Communications by 2.9% during the fourth quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock worth $39,957,000 after buying an additional 2,940 shares in the last quarter. River Road Asset Management LLC bought a new position in Charter Communications in the 3rd quarter valued at about $29,948,000. Graham Capital Management L.P. raised its position in shares of Charter Communications by 354.7% in the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after buying an additional 11,805 shares in the last quarter. Finally, DigitalBridge Group Inc. acquired a new stake in shares of Charter Communications during the 3rd quarter worth approximately $16,411,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Down 2.0 %

CHTR stock traded down $5.62 during midday trading on Tuesday, hitting $280.60. The stock had a trading volume of 699,745 shares, compared to its average volume of 1,493,357. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. The firm has a market cap of $40.41 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 1.15 and a beta of 1.03. The business has a fifty day moving average price of $270.72 and a two-hundred day moving average price of $319.47. Charter Communications, Inc. has a 1-year low of $236.08 and a 1-year high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. During the same period in the prior year, the firm earned $6.65 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts predict that Charter Communications, Inc. will post 32.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHTR has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Benchmark reduced their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price for the company in a report on Monday, March 18th. UBS Group reduced their price target on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $356.47.

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.