Charter Communications, Inc. $CHTR Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 29.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 220,042 shares of the company’s stock after purchasing an additional 50,522 shares during the quarter. ProShare Advisors LLC’s holdings in Charter Communications were worth $45,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. HighTower Advisors LLC lifted its stake in shares of Charter Communications by 120.6% during the fourth quarter. HighTower Advisors LLC now owns 12,991 shares of the company’s stock worth $2,712,000 after buying an additional 75,990 shares during the period. Gabelli Funds LLC lifted its stake in shares of Charter Communications by 4.0% during the fourth quarter. Gabelli Funds LLC now owns 29,900 shares of the company’s stock worth $6,242,000 after buying an additional 1,150 shares during the period. North Dakota State Investment Board acquired a new stake in shares of Charter Communications during the fourth quarter worth $631,000. iA Global Asset Management Inc. lifted its stake in shares of Charter Communications by 1.7% during the fourth quarter. iA Global Asset Management Inc. now owns 16,088 shares of the company’s stock worth $3,358,000 after buying an additional 268 shares during the period. Finally, Canada Post Corp Registered Pension Plan lifted its holdings in shares of Charter Communications by 42.8% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 1,636 shares of the company’s stock worth $342,000 after purchasing an additional 490 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on CHTR shares. UBS Group set a $425.00 target price on Charter Communications in a report on Thursday, January 29th. BNP Paribas Exane decreased their target price on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a report on Tuesday, February 24th. Citigroup decreased their target price on Charter Communications from $290.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 27th. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Finally, New Street Research decreased their target price on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $292.00.

Insider Buying and Selling

In related news, Director Mauricio Ramos purchased 9,929 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the acquisition, the director owned 19,309 shares of the company’s stock, valued at $2,721,217.37. The trade was a 105.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Balan Nair purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was bought at an average cost of $175.46 per share, with a total value of $175,460.00. Following the completion of the acquisition, the director directly owned 12,029 shares of the company’s stock, valued at $2,110,608.34. This trade represents a 9.07% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 20,125 shares of company stock valued at $3,167,116. Insiders own 1.10% of the company’s stock.

Charter Communications Trading Up 0.9%

Shares of NASDAQ:CHTR opened at $142.49 on Wednesday. Charter Communications, Inc. has a 12-month low of $136.63 and a 12-month high of $427.39. The company has a market capitalization of $17.52 billion, a PE ratio of 3.85, a PEG ratio of 0.24 and a beta of 0.76. The business has a 50 day moving average of $201.26 and a two-hundred day moving average of $208.19. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period in the previous year, the firm posted $8.42 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. As a group, analysts forecast that Charter Communications, Inc. will post 43 EPS for the current year.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.