New Street Research - Charter Communications Inc. Class A (CHTR) CHTR Quick Hit: One buyback mystery solved; another emerges

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New Street Research

Jonathan Chaplin

EUR 8992.00 For Business Accounts Only

CHTR Quick Hit: One buyback mystery solved; another emerges

Advance/Newhouse (finally) filed its latest Charter ownership disclosure late Friday afternoon. The buyback amount was the lowest since we started tracking Charter’s buybacks in 2016. In addition, it appears that all the shares were repurchased from A/N and Liberty Broadband; there were no open market purchases. We don’t know why Charter didn’t buy shares in the open market last month; there could be any number of reasons; but we are certainly intrigued. Our thoughts (but few conclusions) in this brief note.

14/09/2024 1 EN

Underlying

Charter Communications Inc. Class A

Charter Communications is a holding company. Through its subsidiaries, the company is a cable operator and a broadband communications company providing video, Internet and voice services. The company also provides its mobile service to residential customers. In addition, the company sells video and online advertising inventory to local, regional and national advertising customers and communications and managed solutions to enterprise customers. The company also owns and operates regional sports networks and local sports, news and community channels. The company owns and operates a two-way telecommunications network which passes various households and small and medium businesses across United States.

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US16119P1084 NASDAQ Stock Market United States

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Pan European Telecom Services and Cable

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Analysts

Jonathan Chaplin

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CHTR Quick Hit: One buyback mystery solved; another emerges

CHTR Quick Hit: New pricing a step in the right direction

NSR Policy: It’s the Election, Stupid (or Is It?): Comparing Harris and Trump Impact on Telecom Policy

Amazon (AMZN, Buy, $225 target) New Gen AI Tools in Focus at Day 3 of Accelerate

NSR Tech Policy: It’s the Election, Stupid (or Is It?), Part IV: Comparing Harris and Trump on Tech Policy

NSR Policy Quick Take: DISH Seeks FCC Adjustments to Build Out

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