Mercer Global Advisors Inc. ADV Buys 5,357 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Mercer Global Advisors Inc. ADV grew its position in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 144.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,074 shares of the company's stock after purchasing an additional 5,357 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Charter Communications were worth $3,110,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC boosted its position in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new stake in Charter Communications in the fourth quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications during the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. increased its stake in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Charter Communications during the 4th quarter valued at $45,000. 81.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Benchmark reaffirmed a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Citigroup raised their price objective on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday, April 28th. BNP Paribas reaffirmed an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th. Finally, StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Charter Communications presently has a consensus rating of "Hold" and an average price target of $399.35.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded down $2.91 during midday trading on Friday, reaching $401.50. The company had a trading volume of 902,741 shares, compared to its average volume of 1,246,583. Charter Communications, Inc. has a 52-week low of $262.02 and a 52-week high of $415.27. The company's 50 day moving average price is $361.46 and its 200 day moving average price is $362.94. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market cap of $56.36 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter in the previous year, the business earned $7.55 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal 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.