Mirae Asset Global Investments Co. Ltd. increased its position in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 22.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,858 shares of the company's stock after acquiring an additional 5,758 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Charter Communications were worth $10,066,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. CVA Family Office LLC grew its holdings in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company's stock worth $33,000 after purchasing an additional 110 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in Charter Communications in the 1st quarter valued at $34,000. Grove Bank & Trust raised its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after buying an additional 34 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Charter Communications by 109.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company's stock worth $48,000 after acquiring an additional 83 shares during the period. Finally, Beach Investment Counsel Inc. PA acquired a new stake in shares of Charter Communications during the 2nd quarter valued at about $50,000. 81.76% of the stock is currently owned by institutional investors.
Charter Communications Stock Down 1.9 %
CHTR traded down $6.33 during trading on Monday, reaching $329.67. The company had a trading volume of 852,147 shares, compared to its average volume of 1,361,277. The company has a market cap of $47.48 billion, a P/E ratio of 10.66, a PEG ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $424.86. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The business's fifty day moving average price is $333.64 and its 200 day moving average price is $310.12.
Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter last year, the business posted $8.05 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. Equities analysts anticipate that Charter Communications, Inc. will post 32.42 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Pivotal Research upped their target price on shares of Charter Communications from $400.00 to $435.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Citigroup upgraded shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. Morgan Stanley increased their price target on Charter Communications from $330.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Monday, July 29th. Rosenblatt Securities lifted their price objective on Charter Communications from $292.00 to $329.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Finally, Bank of America raised their target price on Charter Communications from $360.00 to $385.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $356.41.
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About Charter Communications
(
Free Report)
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.
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