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Charter Communications , Inc. (NASDAQ:CHTR), currently trading near its 52-week low of $263.56 and down over 11% in the past week, announced Monday that it received a notice from Advance/Newhouse Partnership (A/N) to suspend their standing share repurchase agreement. The notice was delivered pursuant to a series of letter agreements between Charter and A/N, originally dated December 23, 2016, and subsequently amended and supplemented.
According to the press release statement included in the SEC filing, the suspension will take effect immediately after the first repurchase closing date following the notice. A/N has indicated its intent for the suspension to continue through the completion or termination of the transactions outlined in the Transaction (JO:NTUJ) Agreement dated May 16, 2025, between Charter, Charter Communications Holdings, LLC, and Cox Enterprises, Inc. A/N also reserved the right to end the suspension at any time, either before or after the closing or termination of the referenced transaction. The company, which InvestingPro analysis shows is currently trading at an attractive P/E ratio of 7.03, has historically been aggressive with share buybacks.
The filing did not provide further details regarding the impact of the suspension or the specific terms of the Transaction Agreement.
This information is based on a statement included in Charter Communications’ Form 8-K filed with the Securities and Exchange Commission.
In other recent news, Charter Communications reported its second-quarter earnings for 2025, with earnings per share (EPS) of $9.18, falling short of the forecasted $9.58. The company’s revenue met expectations at $13.77 billion, reflecting slight year-over-year growth. Despite the revenue meeting expectations, the earnings miss has raised concerns among investors. Charter also announced that its stockholders approved the necessary proposals to complete a transaction with Cox Communications, with over 99% of votes in favor. Additionally, Charter received a notice from Advance/Newhouse Partnership to suspend its share repurchase agreement, effective immediately after the next repurchase closing date. UBS lowered its price target on Charter to $355 from $425, maintaining a Neutral rating due to weaker-than-expected second-quarter results. Meanwhile, Bernstein SocGen upgraded Charter’s stock rating from Market Perform to Outperform, despite ongoing challenges in the broadband sector. The company reported a loss of 111,000 residential broadband subscribers in the second quarter of 2025, although these losses were consistent with the previous year when adjusted for non-voluntary disconnects.
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