Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 11.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 34,487 shares of the company’s stock after buying an additional 3,629 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Charter Communications were worth $12,019,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new position in Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications during the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC raised its stake in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. Finally, CVA Family Office LLC boosted its stake in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Wall Street Analyst Weigh In

CHTR has been the subject of several research analyst reports. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Barclays upped their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research note on Thursday, December 12th. Finally, Morgan Stanley upped their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $384.42.

Charter Communications Price Performance

Charter Communications stock opened at $353.31 on Friday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The company has a market cap of $50.24 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.46 and a beta of 1.11. Charter Communications, Inc. has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a 50 day moving average price of $360.53 and a 200 day moving average price of $353.34.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the company earned $7.07 EPS. Sell-side analysts predict that Charter Communications, Inc. will post 36.73 earnings per share for the current year.

About Charter Communications

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.