Charter Communications, Inc. $CHTR Stake Lessened by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 14.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,581,035 shares of the company’s stock after selling 425,770 shares during the quarter. Franklin Resources Inc.’s holdings in Charter Communications were worth $538,791,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CHTR. Geneos Wealth Management Inc. boosted its position in Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Charter Communications by 1,600.0% during the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock worth $39,000 after purchasing an additional 176 shares during the period. Caitlin John LLC acquired a new stake in shares of Charter Communications during the third quarter worth approximately $41,000. Rakuten Securities Inc. grew its position in Charter Communications by 535.0% during the second quarter. Rakuten Securities Inc. now owns 127 shares of the company’s stock valued at $52,000 after purchasing an additional 107 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Charter Communications by 29.3% in the 4th quarter. Global Retirement Partners LLC now owns 357 shares of the company’s stock valued at $75,000 after buying an additional 81 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 0.1%

Charter Communications stock opened at $132.20 on Tuesday. The business’s 50-day simple moving average is $179.78 and its 200-day simple moving average is $200.85. The firm has a market capitalization of $16.26 billion, a PE ratio of 3.57, a PEG ratio of 0.23 and a beta of 0.72. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications, Inc. has a 52 week low of $126.70 and a 52 week high of $422.29.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Charter Communications in a research report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. BNP Paribas Exane reduced their price objective on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research note on Friday, March 27th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $210.00 price target on shares of Charter Communications in a research note on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $290.38.

Insider Buying and Selling

In other news, Director Wade Davis bought 5,728 shares of Charter Communications stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average cost of $173.72 per share, with a total value of $995,068.16. Following the completion of the transaction, the director directly owned 6,925 shares in the company, valued at $1,203,011. This trade represents a 478.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Balan Nair acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average price of $175.46 per share, with a total value of $175,460.00. Following the purchase, the director owned 12,029 shares in the company, valued at approximately $2,110,608.34. This represents a 9.07% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 20,125 shares of company stock worth $3,167,116. 1.10% of the stock is currently owned by corporate insiders.

Charter Communications 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.