Charter Communications, Inc. $CHTR Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,721 shares of the company’s stock after purchasing an additional 3,094 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Charter Communications were worth $17,874,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CHTR. NBC Securities Inc. acquired a new position in shares of Charter Communications during the first quarter worth $47,000. Merit Financial Group LLC acquired a new position in shares of Charter Communications in the 1st quarter valued at $205,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Charter Communications by 21.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,462 shares of the company’s stock valued at $539,000 after acquiring an additional 259 shares during the period. Gateway Investment Advisers LLC increased its position in shares of Charter Communications by 18.4% in the 1st quarter. Gateway Investment Advisers LLC now owns 798 shares of the company’s stock valued at $294,000 after acquiring an additional 124 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Charter Communications by 9.4% in the 1st quarter. UMB Bank n.a. now owns 1,144 shares of the company’s stock valued at $422,000 after acquiring an additional 98 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 3.9%

Shares of Charter Communications stock opened at $280.01 on Friday. The firm has a market capitalization of $38.25 billion, a PE ratio of 7.67, a P/E/G ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a twelve month low of $251.80 and a twelve month high of $437.06. The firm’s 50-day moving average price is $267.30 and its 200 day moving average price is $342.64. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts’ consensus estimates of $10.06 by ($0.88). The company had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $8.49 earnings per share. On average, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Charter Communications news, CEO Christopher L. Winfrey bought 3,670 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the purchase, the chief executive officer directly owned 70,243 shares of the company’s stock, valued at $19,183,363.30. This trade represents a 5.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Balan Nair bought 360 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the completion of the purchase, the director directly owned 9,622 shares in the company, valued at approximately $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CHTR shares. Bank of America cut their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Charter Communications in a research report on Saturday, September 27th. Royal Bank Of Canada cut their target price on Charter Communications from $430.00 to $370.00 and set a “sector perform” rating on the stock in a research report on Monday, July 28th. UBS Group cut their target price on Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Finally, Sanford C. Bernstein cut their price target on Charter Communications from $380.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 10th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $385.76.

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.