Mirae Asset Global Investments Co. Ltd. Grows Holdings in Charter Communications, Inc. $CHTR

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 9.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,720 shares of the company’s stock after buying an additional 3,999 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Charter Communications were worth $13,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new position in Charter Communications during the 2nd quarter worth $25,000. Ameritas Advisory Services LLC bought a new position in shares of Charter Communications during the second quarter worth about $28,000. Heritage Wealth Advisors acquired a new position in Charter Communications in the second quarter worth about $29,000. Family CFO Inc bought a new stake in Charter Communications in the second quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. raised its stake in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

More Charter Communications News

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

• Positive Sentiment: Charter reported a rare quarterly gain in pay-TV/video subscribers (added ~44,000) and shed fewer broadband customers than feared, which investors viewed as a sign of stabilizing customer trends. Read More.
• Positive Sentiment: Company results showed resilient EBITDA and free cash flow supported by mobile/Internet growth and cost controls; management flagged capex reductions that could free up roughly ~$2B of incremental FCF by 2027. These operational positives are a primary reason some bullish analysts call the shares undervalued. Read More.
• Neutral Sentiment: The full Q4 earnings release, slide deck and conference-call transcript are available for review — useful for digging into subscriber detail, margins and capex guidance. Read More.
• Neutral Sentiment: Charter added Wade Davis to its board; typically a governance/experience item with limited near-term stock impact but worth noting for institutional investors. Read More.
• Negative Sentiment: Charter missed consensus EPS ($10.34 vs $10.40) and revenue ($13.60B vs $13.73B); revenue fell ~2.3% year‑over‑year, partly due to a drop in political advertising — a revenue headwind. Read More.
• Negative Sentiment: Analyst sentiment is mixed-to-cautious: some shops have lowered recommendations or kept conservative ratings citing intensifying broadband competition and persistent revenue pressure. That keeps downside risk if subscriber trends reverse. Read More. and Read More.

Analyst Upgrades and Downgrades

CHTR has been the subject of several research reports. Wells Fargo & Company reiterated an “underweight” rating and issued a $180.00 target price (down previously from $240.00) on shares of Charter Communications in a research report on Tuesday, January 13th. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a report on Monday. Exane BNP Paribas reissued an “underperform” rating on shares of Charter Communications in a report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Finally, Oppenheimer downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $323.67.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $206.12 on Friday. The firm’s 50 day moving average is $202.06 and its two-hundred day moving average is $243.78. The firm has a market capitalization of $26.67 billion, a P/E ratio of 5.72, a PEG ratio of 0.53 and a beta of 1.06. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.89. Charter Communications, Inc. has a 52 week low of $180.38 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the prior year, the firm posted $10.10 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Insider Activity

In other news, Director David C. Merritt sold 1,200 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.83% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.