Charter Communications, Inc. $CHTR Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Charter Communications by 9.6% during the first quarter, owning approximately 103,124 shares valued at $38 million.
• Recent analyst ratings for Charter Communications show mixed opinions, with Oppenheimer upgrading the stock to "outperform" with a price target of $500, while Arete Research rated it as a "strong sell."
• CEO Christopher L. Winfrey bought 3,670 shares of Charter’s stock, increasing his ownership by 5.51%, highlighting insider confidence in the company's outlook.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,124 shares of the company's stock after purchasing an additional 9,041 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of Charter Communications worth $38,004,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SouthState Corp purchased a new stake in shares of Charter Communications in the first quarter valued at about $25,000. ST Germain D J Co. Inc. increased its position in shares of Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after purchasing an additional 77 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after buying an additional 41 shares during the period. Strengthening Families & Communities LLC purchased a new stake in Charter Communications in the 1st quarter valued at about $33,000. Finally, Larson Financial Group LLC raised its holdings in Charter Communications by 70.2% in the 1st quarter. Larson Financial Group LLC now owns 97 shares of the company's stock valued at $36,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CHTR. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target for the company in a research report on Friday, May 16th. Arete Research upgraded Charter Communications to a "strong sell" rating in a report on Tuesday, July 8th. Sanford C. Bernstein upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 target price for the company in a report on Monday, July 28th. UBS Group lowered their target price on Charter Communications from $425.00 to $355.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Finally, Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and raised their target price for the company from $430.00 to $510.00 in a report on Monday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $394.61.

Insider Transactions at Charter Communications

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

Charter Communications Stock Up 0.8%

Shares of NASDAQ CHTR opened at $261.50 on Friday. The company has a market capitalization of $35.72 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50-day moving average of $318.13 and a two-hundred day moving average of $355.79. Charter Communications, Inc. has a 1 year low of $254.67 and a 1 year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). The business had revenue of $13.77 billion for the quarter, compared to analysts' expectations of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $8.49 earnings per share. On average, analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

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.

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