MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 2,494 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,083 shares of the company's stock after selling 2,494 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Charter Communications worth $32,249,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CHTR. Norges Bank bought a new position in shares of Charter Communications during the fourth quarter worth $1,032,236,000. Geode Capital Management LLC boosted its position in shares of Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock worth $847,087,000 after purchasing an additional 45,045 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after purchasing an additional 609,554 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Charter Communications by 16.6% during the fourth quarter. Northern Trust Corp now owns 1,001,066 shares of the company's stock worth $343,135,000 after purchasing an additional 142,883 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Analyst Ratings Changes

CHTR has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research report on Monday, April 28th. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Finally, Loop Capital boosted their price objective on shares of Charter Communications from $385.00 to $430.00 and gave the company a "hold" rating in a research report on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $404.94.

Charter Communications Price Performance

NASDAQ:CHTR traded up $7.68 on Friday, hitting $427.25. The company had a trading volume of 3,624,662 shares, compared to its average volume of 1,258,586. The stock has a market capitalization of $59.97 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.44 and a beta of 1.11. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a 50 day moving average of $365.54 and a two-hundred day moving average of $365.82. Charter Communications, Inc. has a 52 week low of $266.06 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. Charter Communications's revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $7.55 EPS. On average, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current 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.