Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 11.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,487 shares of the company's stock after purchasing an additional 3,629 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Charter Communications were worth $12,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Franklin Resources Inc. raised its position in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the period. Geode Capital Management LLC raised its position in shares of Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company's stock worth $785,744,000 after purchasing an additional 13,430 shares during the period. FMR LLC raised its position in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after purchasing an additional 230,817 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company's stock valued at $267,267,000 after buying an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP grew its holdings in shares of Charter Communications by 8.0% during the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company's stock valued at $172,746,000 after buying an additional 39,334 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of Charter Communications stock traded down $3.28 during mid-day trading on Monday, hitting $344.57. 341,158 shares of the stock were exchanged, compared to its average volume of 1,210,792. The company has a 50-day simple moving average of $358.81 and a 200 day simple moving average of $354.11. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a market capitalization of $49.00 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.43 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released 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 period last year, the business posted $7.07 earnings per share. Sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHTR has been the topic of a number of recent research reports. BNP Paribas upgraded Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price on the stock in a research note on Tuesday, November 26th. Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Morgan Stanley boosted their price target on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Finally, Benchmark reaffirmed a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $384.42.

Charter Communications Company 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.