Landscape Capital Management L.L.C. Takes Position in Charter Communications, Inc. $CHTR

Landscape Capital Management L.L.C. purchased a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,958 shares of the company’s stock, valued at approximately $2,287,000.

Other institutional investors also recently modified their holdings of the company. Gateway Investment Advisers LLC bought a new stake in shares of Charter Communications in the fourth quarter valued at about $5,911,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Charter Communications by 1,804.0% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock valued at $21,403,000 after purchasing an additional 97,143 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after purchasing an additional 1,617,148 shares in the last quarter. Norges Bank bought a new stake in shares of Charter Communications in the fourth quarter valued at about $555,383,000. Finally, Swiss Life Asset Management Ltd lifted its holdings in shares of Charter Communications by 110.7% in the fourth quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company’s stock valued at $6,521,000 after purchasing an additional 16,415 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Thomas Rutledge sold 69,633 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $144.45, for a total value of $10,058,486.85. Following the transaction, the director owned 3,968 shares of the company’s stock, valued at approximately $573,177.60. This represents a 94.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wade Davis bought 5,728 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was purchased at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the transaction, the director directly owned 6,925 shares of the company’s stock, valued at $1,203,011. The trade was a 478.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 20,125 shares of company stock valued at $3,167,116 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Charter Communications Price Performance

NASDAQ:CHTR opened at $145.82 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56. The stock’s 50 day moving average price is $173.50 and its two-hundred day moving average price is $199.21. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 3.94, a P/E/G ratio of 0.25 and a beta of 0.72. Charter Communications, Inc. has a 12-month low of $126.70 and a 12-month high of $422.29.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period in the previous year, the company posted $8.42 EPS. Charter Communications’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts anticipate that Charter Communications, Inc. will post 43 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHTR has been the topic of a number of recent research reports. Citigroup lowered their target price on Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Benchmark dropped their price objective on Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Sanford C. Bernstein restated a “market perform” rating and issued a $210.00 price objective on shares of Charter Communications in a research note on Tuesday, May 26th. Royal Bank Of Canada dropped their price objective on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. assumed coverage on Charter Communications in a research note on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $290.38.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.