ProShare Advisors LLC Has $60.25 Million Stock Position in Charter Communications, Inc. (NASDAQ:CHTR)

ProShare Advisors LLC boosted its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 20.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,759 shares of the company’s stock after buying an additional 29,712 shares during the period. ProShare Advisors LLC’s holdings in Charter Communications were worth $60,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC raised its position in Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after buying an additional 999 shares during the period. Nisa Investment Advisors LLC raised its position in Charter Communications by 17.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company’s stock valued at $11,132,000 after buying an additional 4,813 shares during the period. O Shaughnessy Asset Management LLC raised its position in Charter Communications by 213.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,344 shares of the company’s stock valued at $9,030,000 after buying an additional 17,952 shares during the period. Kathmere Capital Management LLC acquired a new position in Charter Communications during the fourth quarter valued at $289,000. Finally, Assenagon Asset Management S.A. raised its position in Charter Communications by 0.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 251,526 shares of the company’s stock valued at $86,216,000 after buying an additional 1,770 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on CHTR shares. Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Citigroup upped their target price on Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Benchmark reaffirmed a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Finally, Loop Capital upped their target price on Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a research report on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average target price of $399.35.

Charter Communications Trading Up 1.4%

Shares of NASDAQ:CHTR opened at $419.57 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market cap of $58.89 billion, a PE ratio of 12.00, a P/E/G ratio of 0.44 and a beta of 1.11. The business has a 50 day moving average of $364.11 and a 200-day moving average of $365.13. Charter Communications, Inc. has a 12-month low of $266.06 and a 12-month high of $426.17.

Charter Communications (NASDAQ:CHTR) 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). The company had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $7.55 earnings per share. As a group, equities research analysts forecast that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Charter Communications Company 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.