ProShare Advisors LLC Boosts Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

ProShare Advisors LLC raised its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 20.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 175,759 shares of the company's stock after acquiring an additional 29,712 shares during the period. ProShare Advisors LLC owned approximately 0.12% of Charter Communications worth $60,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in Charter Communications by 104.7% during the 4th 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 period. Sierra Ocean LLC bought a new position in shares of Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR bought a new position in shares of Charter Communications in the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. lifted 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 worth $36,000 after purchasing an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications in the 4th quarter worth approximately $45,000. Institutional investors own 81.76% of the company's stock.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several recent research reports. StockNews.com upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Barclays increased their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Morgan Stanley increased their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Royal Bank of Canada raised their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Monday, April 28th. Finally, Raymond James upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $409.39.

Charter Communications Price Performance

CHTR traded down $8.62 during trading hours on Monday, hitting $418.63. The company's stock had a trading volume of 1,821,507 shares, compared to its average volume of 1,262,865. The business's 50-day moving average price is $365.54 and its 200-day moving average price is $366.33. Charter Communications, Inc. has a 12 month low of $266.06 and a 12 month high of $437.06. The stock has a market cap of $58.76 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.44 and a beta of 1.11. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share 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 business had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter in the prior year, the firm posted $7.55 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. Sell-side analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Charter Communications Profile

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.