Landscape Capital Management L.L.C. lifted its position in Charter Communications Inc (NASDAQ:CHTR) by 199.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,971 shares of the company’s stock after purchasing an additional 6,636 shares during the period. Landscape Capital Management L.L.C.’s holdings in Charter Communications were worth $3,940,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Charter Communications in the second quarter valued at $34,000. Rational Advisors LLC boosted its holdings in Charter Communications by 230.3% in the first quarter. Rational Advisors LLC now owns 109 shares of the company’s stock valued at $38,000 after acquiring an additional 76 shares in the last quarter. TCG Advisors LP bought a new stake in Charter Communications in the first quarter valued at $42,000. Ibex Wealth Advisors bought a new stake in Charter Communications in the second quarter valued at $49,000. Finally, Huntington National Bank boosted its holdings in Charter Communications by 31.1% in the first quarter. Huntington National Bank now owns 135 shares of the company’s stock valued at $47,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 72.55% of the company’s stock.
In other Charter Communications news, Director Lance Conn sold 927 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total value of $370,800.00. Following the completion of the transaction, the director now owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Craig A. Jacobson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the transaction, the director now directly owns 11,773 shares of the company’s stock, valued at approximately $4,588,879.94. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.
Shares of CHTR traded up $5.02 during trading hours on Thursday, hitting $380.20. The company had a trading volume of 49,474 shares, compared to its average volume of 1,211,747. The company’s fifty day moving average is $396.87. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $83.34 billion, a PE ratio of 72.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.23. Charter Communications Inc has a 52-week low of $272.91 and a 52-week high of $417.13.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 26th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.40). Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same period in the prior year, the firm earned $1.15 EPS. Charter Communications’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Charter Communications Inc will post 6.91 EPS for the current year.
Several analysts recently weighed in on CHTR shares. Morgan Stanley lifted their price target on shares of Charter Communications from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Rosenblatt Securities restated a “buy” rating and set a $480.00 target price on shares of Charter Communications in a report on Monday, July 29th. Raymond James boosted their target price on shares of Charter Communications from $435.00 to $460.00 and gave the company a “strong-buy” rating in a report on Monday, July 29th. Benchmark initiated coverage on shares of Charter Communications in a report on Thursday. They set a “hold” rating and a $422.00 target price on the stock. Finally, Nomura boosted their target price on shares of Charter Communications from $350.00 to $380.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Charter Communications has an average rating of “Hold” and a consensus target price of $416.06.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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