Landscape Capital Management L.L.C. Cuts Stake in Charter Communications, Inc. (NASDAQ:CHTR)

Landscape Capital Management L.L.C. reduced its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 30.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,943 shares of the company's stock after selling 3,845 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Charter Communications were worth $2,898,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications during the third quarter valued at approximately $28,000. CVA Family Office LLC raised its stake in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company's stock worth $33,000 after buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Charter Communications during the first quarter worth $34,000. Finally, Grove Bank & Trust boosted its position in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after acquiring an additional 34 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. TD Cowen upped their price objective on Charter Communications from $488.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. Barclays raised their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a report on Monday, November 4th. Citigroup raised shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 price objective on the stock in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada increased their target price on shares of Charter Communications from $345.00 to $390.00 and gave the company a "sector perform" rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $379.06.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $389.12 on Thursday. The firm has a market cap of $55.33 billion, a PE ratio of 12.19, a P/E/G ratio of 0.61 and a beta of 1.03. The business has a 50-day moving average price of $346.25 and a 200 day moving average price of $323.84. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter last year, the business earned $8.25 earnings per share. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts predict that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal 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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