Franklin Resources Inc. Sells 32,090 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Franklin Resources Inc. trimmed its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,147,364 shares of the company’s stock after selling 32,090 shares during the quarter. Franklin Resources Inc.’s holdings in Charter Communications were worth $1,078,822,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Lind Value II ApS bought a new position in shares of Charter Communications in the fourth quarter valued at $9,743,000. Oddo BHF Asset Management Sas purchased a new stake in Charter Communications in the third quarter valued at approximately $1,345,000. Worldquant Millennium Advisors LLC raised its holdings in shares of Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after buying an additional 26,446 shares in the last quarter. Caprock Group LLC lifted its position in Charter Communications by 39.7% in the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after purchasing an additional 999 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Charter Communications in the third quarter worth $2,402,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Down 3.4 %

Shares of CHTR stock opened at $369.02 on Monday. The firm has a market cap of $52.47 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The business has a 50-day moving average price of $359.70 and a two-hundred day moving average price of $356.88.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the business earned $7.07 EPS. Equities analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analysts Set New Price Targets

CHTR has been the topic of several recent analyst reports. StockNews.com cut Charter Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Benchmark restated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Barclays raised their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Citigroup started coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Finally, Royal Bank of Canada raised their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $393.18.

Charter Communications Profile

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.