Norman Fields Gottscho Capital Management LLC Cuts Position in Charter Communications Inc (NASDAQ:CHTR)

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Norman Fields Gottscho Capital Management LLC trimmed its stake in Charter Communications Inc (NASDAQ:CHTR) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,713 shares of the company’s stock after selling 157 shares during the period. Charter Communications comprises 2.4% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 10th biggest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Charter Communications were worth $4,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CHTR. Belpointe Asset Management LLC boosted its position in Charter Communications by 12.4% during the 4th quarter. Belpointe Asset Management LLC now owns 345 shares of the company’s stock valued at $167,000 after acquiring an additional 38 shares in the last quarter. Corient Capital Partners LLC lifted its position in Charter Communications by 9.2% during the 1st quarter. Corient Capital Partners LLC now owns 1,966 shares of the company’s stock worth $858,000 after acquiring an additional 165 shares during the period. Redwood Investment Management LLC acquired a new position in shares of Charter Communications in the 1st quarter valued at about $762,000. Thrivent Financial for Lutherans boosted its stake in shares of Charter Communications by 15.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 8,246 shares of the company’s stock worth $3,598,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Charter Communications by 1.0% in the first quarter. Crossmark Global Holdings Inc. now owns 10,604 shares of the company’s stock valued at $4,627,000 after purchasing an additional 103 shares during the period. 62.78% of the stock is currently owned by institutional investors and hedge funds.

CHTR has been the topic of several analyst reports. Nomura Securities raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a research report on Friday. BidaskClub downgraded Charter Communications from a “buy” rating to a “hold” rating in a report on Monday, June 8th. UBS Group decreased their price objective on shares of Charter Communications from $595.00 to $575.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Benchmark upped their price target on Charter Communications from $523.00 to $600.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $620.00 price objective (up previously from $600.00) on shares of Charter Communications in a report on Sunday, May 3rd. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $551.75.

In other news, CFO Christopher L. Winfrey sold 9,239 shares of Charter Communications stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $508.51, for a total value of $4,698,123.89. Following the completion of the sale, the chief financial officer now directly owns 149,917 shares of the company’s stock, valued at approximately $76,234,293.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard R. Dykhouse sold 5,941 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $510.16, for a total value of $3,030,860.56. Following the sale, the executive vice president now directly owns 19,967 shares of the company’s stock, valued at $10,186,364.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,538 shares of company stock valued at $23,828,889. 1.18% of the stock is owned by company insiders.

Shares of CHTR stock traded up $9.17 during trading hours on Tuesday, reaching $542.95. 705,839 shares of the stock traded hands, compared to its average volume of 1,454,331. The business has a fifty day moving average price of $526.44 and a 200 day moving average price of $499.62. The firm has a market capitalization of $125.98 billion, a PE ratio of 65.65, a PEG ratio of 1.25 and a beta of 1.03. Charter Communications Inc has a 1-year low of $345.67 and a 1-year high of $549.00. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.04.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, May 1st. The company reported $1.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.71 by ($0.85). Charter Communications had a return on equity of 4.66% and a net margin of 3.91%. The firm had revenue of $11.74 billion for the quarter, compared to analysts’ expectations of $11.78 billion. During the same period last year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts expect that Charter Communications Inc will post 11.35 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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