Franklin Resources Inc. Acquires 148,003 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Franklin Resources Inc. boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,179,454 shares of the company's stock after purchasing an additional 148,003 shares during the period. Franklin Resources Inc. owned 2.24% of Charter Communications worth $1,052,868,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CHTR. Diversified Trust Co bought a new stake in shares of Charter Communications in the 2nd quarter valued at approximately $248,000. Blue Trust Inc. grew its position in Charter Communications by 1.5% in the second quarter. Blue Trust Inc. now owns 9,955 shares of the company's stock worth $2,893,000 after acquiring an additional 151 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Charter Communications during the 2nd quarter worth $230,000. Raymond James & Associates increased its stake in shares of Charter Communications by 2.3% during the 2nd quarter. Raymond James & Associates now owns 201,021 shares of the company's stock worth $60,097,000 after purchasing an additional 4,606 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Charter Communications during the 2nd quarter valued at $215,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Morgan Stanley increased their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Barclays boosted their price objective on Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a research report on Monday, November 4th. Wolfe Research cut shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 target price on the stock. in a research note on Monday, September 30th. Finally, BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $384.42.

Charter Communications Trading Down 2.2 %

CHTR stock traded down $8.67 during midday trading on Friday, reaching $379.78. The stock had a trading volume of 807,285 shares, compared to its average volume of 1,367,437. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a market cap of $54.00 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.60 and a beta of 1.08. The business has a fifty day simple moving average of $365.35 and a two-hundred day simple moving average of $336.50. Charter Communications, Inc. has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm's revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.25 earnings per share. As a group, research analysts expect that Charter Communications, Inc. will post 32.87 EPS for the current fiscal year.

About Charter Communications

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.