Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Charter Communications Inc (NASDAQ:CHTR) by 35.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 36,298 shares of the company’s stock after buying an additional 9,469 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Charter Communications were worth $11,818,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Chicago Partners Investment Group LLC raised its position in Charter Communications by 254.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock valued at $101,000 after purchasing an additional 247 shares during the last quarter. Vigilant Capital Management LLC bought a new position in shares of Charter Communications in the 3rd quarter worth approximately $106,000. Flagship Harbor Advisors LLC bought a new position in shares of Charter Communications in the 2nd quarter worth approximately $129,000. Sun Life Financial INC raised its position in shares of Charter Communications by 89.8% in the 2nd quarter. Sun Life Financial INC now owns 501 shares of the company’s stock worth $147,000 after acquiring an additional 237 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Charter Communications by 76.3% in the 2nd quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock worth $156,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 71.97% of the company’s stock.
Charter Communications stock opened at $329.20 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $75.36 billion, a P/E ratio of 124.23, a P/E/G ratio of 1.55 and a beta of 1.16. Charter Communications Inc has a twelve month low of $250.10 and a twelve month high of $396.64.
In related news, insider John Bickham sold 144,672 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total value of $46,687,101.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.
Several research analysts have recently issued reports on CHTR shares. ValuEngine raised Charter Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Barclays set a $259.00 target price on Charter Communications and gave the stock a “sell” rating in a research report on Wednesday, October 10th. UBS Group decreased their target price on Charter Communications from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, Macquarie reissued a “buy” rating and issued a $355.00 target price on shares of Charter Communications in a research report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Charter Communications presently has an average rating of “Buy” and a consensus target price of $360.13.
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About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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