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

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 17.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,627 shares of the company's stock after purchasing an additional 6,140 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Charter Communications were worth $14,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. lifted its holdings in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after buying an additional 77 shares during the period. Generali Asset Management SPA SGR purchased a new position in Charter Communications during the fourth quarter valued at approximately $36,000. Brown Brothers Harriman & Co. lifted its holdings in Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares during the period. NBC Securities Inc. purchased a new stake in Charter Communications in the 1st quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Charter Communications by 29.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company's stock worth $97,000 after purchasing an additional 60 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CHTR. Sanford C. Bernstein downgraded shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target on the stock. in a report on Monday, June 2nd. Loop Capital raised shares of Charter Communications from a "hold" rating to a "buy" rating and increased their target price for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Wall Street Zen upgraded Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. BNP Paribas reiterated an "underperform" rating and set a $290.00 price target on shares of Charter Communications in a research report on Thursday, April 10th. Finally, Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a report on Friday, May 16th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $410.20.

Charter Communications Stock Up 1.8%

Shares of NASDAQ CHTR opened at $400.97 on Monday. The stock has a market cap of $56.28 billion, a PE ratio of 11.19, a P/E/G ratio of 0.44 and a beta of 1.08. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. Charter Communications, Inc. has a 12-month low of $286.66 and a 12-month high of $460.00. The company has a 50-day moving average of $392.41 and a 200 day moving average of $367.90.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The company had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter last year, the company earned $7.55 earnings per share. Charter Communications's revenue for the quarter was up .4% on a year-over-year basis. As a group, sell-side analysts predict that Charter Communications, Inc. will post 38.16 EPS 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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