Charter Communications Inc (CHTR) Position Trimmed by LPL Financial LLC

LPL Financial LLC reduced its position in Charter Communications Inc (NASDAQ:CHTR) by 18.1% during the first quarter, HoldingsChannel.com reports. The firm owned 6,748 shares of the company’s stock after selling 1,488 shares during the period. LPL Financial LLC’s holdings in Charter Communications were worth $2,100,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of Charter Communications by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 2,794,891 shares of the company’s stock worth $938,985,000 after acquiring an additional 22,408 shares during the period. Farallon Capital Management LLC increased its position in shares of Charter Communications by 70.3% during the first quarter. Farallon Capital Management LLC now owns 789,581 shares of the company’s stock worth $245,733,000 after acquiring an additional 325,956 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of Charter Communications by 6.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 611,549 shares of the company’s stock worth $190,326,000 after acquiring an additional 38,770 shares during the period. BloombergSen Inc. increased its position in shares of Charter Communications by 15.9% during the first quarter. BloombergSen Inc. now owns 567,389 shares of the company’s stock worth $176,583,000 after acquiring an additional 77,678 shares during the period. Finally, Slate Path Capital LP increased its position in shares of Charter Communications by 34.6% during the first quarter. Slate Path Capital LP now owns 403,874 shares of the company’s stock worth $125,694,000 after acquiring an additional 103,874 shares during the period. 69.19% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on CHTR. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. ValuEngine lowered shares of Charter Communications from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Cowen began coverage on shares of Charter Communications in a research report on Monday, March 26th. They set an “outperform” rating on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $335.00 target price on shares of Charter Communications in a research report on Monday, April 2nd. Finally, Goldman Sachs Group raised shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their target price for the stock from $315.00 to $361.00 in a research report on Thursday, June 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $376.89.

Shares of Charter Communications opened at $293.91 on Tuesday, Marketbeat.com reports. The company has a market cap of $69.63 billion, a P/E ratio of 129.17, a price-to-earnings-growth ratio of 3.49 and a beta of 1.21. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.21 and a current ratio of 0.21. Charter Communications Inc has a 52-week low of $250.10 and a 52-week high of $408.83.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 27th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.26. The company had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.62 billion. Charter Communications had a net margin of 23.55% and a return on equity of 1.15%. Charter Communications’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. sell-side analysts anticipate that Charter Communications Inc will post 4 earnings per share for the current fiscal year.

Charter Communications Profile

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, spectrum guide services, and a package of basic video programming, 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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