28,307 Shares of Charter Communications, Inc. $CHTR Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Charter Communications, Inc. (NASDAQ:CHTR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,307 shares of the company’s stock, valued at approximately $3,139,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHTR. Aviance Capital Partners LLC lifted its holdings in Charter Communications by 9.3% in the third quarter. Aviance Capital Partners LLC now owns 17,517 shares of the company’s stock worth $1,943,000 after acquiring an additional 1,494 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Charter Communications by 48.7% in the 3rd quarter. ProShare Advisors LLC now owns 21,633 shares of the company’s stock worth $2,399,000 after purchasing an additional 7,084 shares in the last quarter. Vise Technologies Inc. boosted its stake in shares of Charter Communications by 84.4% during the 3rd quarter. Vise Technologies Inc. now owns 5,030 shares of the company’s stock worth $558,000 after acquiring an additional 2,302 shares in the last quarter. Cidel Asset Management Inc. raised its holdings in Charter Communications by 23.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 6,269 shares of the company’s stock worth $695,000 after buying an additional 1,193 shares during the period. Finally, MGO One Seven LLC acquired a new stake in shares of Charter Communications in the third quarter worth $238,000. 81.76% of the stock is owned by institutional investors.

Trending Headlines about Charter Communications

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Charter reported Q3 revenue of $14.92 billion, above estimates, and adjusted EPS of $21.70, also ahead of consensus. Revenue growth was aided by the Cox acquisition. Charter Communications tops Q3 earnings and revenue estimates
• Positive Sentiment: The company launched a new operating model aimed at returning to growth, improving its internet offerings, and using mobile and video services to attract customers. Management’s plan includes about $2 billion in cost cuts, which could help profitability if executed. Charter announces Q3 results and launches new operating model
• Negative Sentiment: Broadband customer losses worsened in Q3, overshadowing the earnings and revenue beats. Investors are concerned that competition is making it harder for Charter to stabilize its core internet business. Charter’s cost-cutting plan is overshadowed by subscriber losses
• Negative Sentiment: A $6.33 billion franchise impairment drove a reported GAAP loss of $20.50 per share, creating a sharp contrast with the adjusted earnings beat. The impairment and declining cash flow added to concerns about the quarter’s underlying performance. Charter Q3 earnings beat on debt gain amid franchise impairment

Wall Street Analysts Forecast Growth

CHTR has been the topic of a number of recent research reports. BNP Paribas Exane lowered their target price on Charter Communications from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 14th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings lowered Charter Communications from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 2nd. TD Cowen decreased their target price on Charter Communications from $413.00 to $380.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $118.00 price target on the stock. in a report on Monday, September 14th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and an average price target of $200.18.

Charter Communications Stock Performance

Shares of Charter Communications stock traded down $7.79 during trading on Friday, reaching $118.07. The company’s stock had a trading volume of 6,463,288 shares, compared to its average volume of 2,757,333. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The business’s fifty day moving average price is $120.93 and its 200-day moving average price is $163.33. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 3.07, a price-to-earnings-growth ratio of 0.24 and a beta of 0.73. Charter Communications, Inc. has a one year low of $101.11 and a one year high of $254.11.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 6th. The company reported ($20.50) earnings per share for the quarter, missing the consensus estimate of $8.90 by ($29.40). The business had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $13.50 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. Charter Communications’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.34 EPS. As a group, equities research analysts predict that Charter Communications, Inc. will post 44.11 earnings per share for the current year.

About Charter Communications

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.