Landscape Capital Management L.L.C. Buys Shares of 3,297 Charter Communications, Inc. $CHTR

Key Points

• Landscape Capital Management L.L.C. has acquired 3,297 shares of Charter Communications, Inc., valued at approximately $1.215 million, indicating growing institutional interest in the company.
• Insider trading activity shows that CEO Christopher L. Winfrey purchased 3,670 shares, increasing his ownership by 5.51%, while Director Balan Nair acquired 360 shares, a 3.89% increase in his position.
• Analysts have mixed views on Charter Communications, with eight rating it Buy, eight as Hold, and three as Sell, reflecting uncertainty in its market performance.

Landscape Capital Management L.L.C. purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,297 shares of the company's stock, valued at approximately $1,215,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SouthState Corp purchased a new stake in shares of Charter Communications during the 1st quarter valued at about $25,000. ST Germain D J Co. Inc. increased its holdings in Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after acquiring an additional 77 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock worth $31,000 after acquiring an additional 41 shares in the last quarter. Strengthening Families & Communities LLC purchased a new stake in Charter Communications in the 1st quarter worth approximately $33,000. Finally, Larson Financial Group LLC increased its holdings in Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock worth $36,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Insider Activity

In related news, CEO Christopher L. Winfrey bought 3,670 shares of the business's stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $273.10 per share, for a total transaction of $1,002,277.00. Following the completion of the purchase, the chief executive officer directly owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Balan Nair purchased 360 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $274.21 per share, for a total transaction of $98,715.60. Following the purchase, the director directly owned 9,622 shares of the company's stock, valued at approximately $2,638,448.62. The trade was a 3.89% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CHTR shares. Wells Fargo & Company started coverage on shares of Charter Communications in a report on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 target price for the company. Raymond James Financial raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a report on Monday, May 19th. Royal Bank Of Canada cut their price objective on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a report on Monday, July 28th. Bank of America increased their price objective on shares of Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Finally, Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of "Hold" and an average target price of $404.71.

Charter Communications Stock Up 0.7%

NASDAQ:CHTR opened at $265.58 on Friday. Charter Communications, Inc. has a twelve month low of $254.67 and a twelve month high of $437.06. The company has a market cap of $36.28 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. The stock has a fifty day simple moving average of $331.68 and a 200-day simple moving average of $359.17. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing the consensus estimate of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The business had revenue of $13.77 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter last year, the business posted $8.49 earnings per share. The firm's revenue for the quarter was up .6% compared to the same quarter last year. Analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current year.

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.

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