Charter Communications, Inc. $CHTR Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,006,805 shares of the company’s stock after selling 97,099 shares during the quarter. Franklin Resources Inc. owned 2.32% of Charter Communications worth $827,187,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Charter Communications during the 2nd quarter worth about $1,145,387,000. Capital Research Global Investors acquired a new stake in shares of Charter Communications in the 3rd quarter worth approximately $327,179,000. Vanguard Group Inc. boosted its holdings in shares of Charter Communications by 13.7% in the third quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock valued at $2,575,630,000 after acquiring an additional 1,130,648 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Charter Communications by 79.3% in the third quarter. First Eagle Investment Management LLC now owns 1,352,359 shares of the company’s stock valued at $372,041,000 after acquiring an additional 597,933 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Charter Communications by 33.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,899,330 shares of the company’s stock valued at $522,534,000 after acquiring an additional 473,546 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Down 1.6%

Charter Communications stock opened at $219.33 on Wednesday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $27.77 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.35 and a beta of 1.02. Charter Communications, Inc. has a 1 year low of $180.38 and a 1 year high of $437.06. The firm’s 50 day moving average price is $216.03 and its two-hundred day moving average price is $229.37.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. Charter Communications’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $10.10 EPS. On average, research analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CHTR shares. New Street Research cut their target price on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Benchmark lifted their price target on Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a research note on Monday, January 26th. Wells Fargo & Company upped their price objective on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Finally, UBS Group set a $425.00 target price on Charter Communications in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $335.11.

Charter Communications Company Profile

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.