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

ProShare Advisors LLC boosted its stake in shares of Charter Communications, Inc. (NASDAQ:CHTRGet Rating) by 52.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 324,775 shares of the company’s stock after purchasing an additional 112,068 shares during the quarter. ProShare Advisors LLC owned approximately 0.18% of Charter Communications worth $211,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHTR. abrdn plc boosted its position in shares of Charter Communications by 5.4% during the 4th quarter. abrdn plc now owns 336,862 shares of the company’s stock worth $219,624,000 after acquiring an additional 17,163 shares in the last quarter. Robeco Schweiz AG boosted its position in shares of Charter Communications by 1.1% in the 4th quarter. Robeco Schweiz AG now owns 13,366 shares of the company’s stock valued at $8,714,000 after purchasing an additional 139 shares during the period. Live Oak Private Wealth LLC boosted its position in shares of Charter Communications by 0.8% in the 4th quarter. Live Oak Private Wealth LLC now owns 7,768 shares of the company’s stock valued at $5,065,000 after purchasing an additional 60 shares during the period. First Pacific Advisors LP boosted its position in shares of Charter Communications by 2.2% in the 4th quarter. First Pacific Advisors LP now owns 574,569 shares of the company’s stock valued at $374,602,000 after purchasing an additional 12,284 shares during the period. Finally, Doliver Advisors LP boosted its position in shares of Charter Communications by 37.2% in the 4th quarter. Doliver Advisors LP now owns 4,878 shares of the company’s stock valued at $2,970,000 after purchasing an additional 1,322 shares during the period. Institutional investors own 82.67% of the company’s stock.

In related news, COO Christopher L. Winfrey purchased 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The stock was acquired at an average price of $591.96 per share, for a total transaction of $1,627,890.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.96% of the company’s stock.

Shares of CHTR stock opened at $498.69 on Tuesday. The stock has a 50-day simple moving average of $564.59 and a 200 day simple moving average of $619.41. Charter Communications, Inc. has a fifty-two week low of $496.76 and a fifty-two week high of $825.62. The stock has a market capitalization of $86.14 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.56 and a beta of 0.94. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 4.88.

Charter Communications (NASDAQ:CHTRGet Rating) last announced its earnings results on Friday, January 28th. The company reported $8.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.91 by $2.02. Charter Communications had a return on equity of 20.47% and a net margin of 9.01%. The business had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter last year, the business posted $5.50 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 29.94 earnings per share for the current year.

Several brokerages have weighed in on CHTR. Royal Bank of Canada upgraded Charter Communications from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from $770.00 to $690.00 in a research note on Monday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Charter Communications from $725.00 to $650.00 and set a “hold” rating on the stock in a research report on Monday, January 31st. BNP Paribas lowered shares of Charter Communications from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 18th. StockNews.com assumed coverage on shares of Charter Communications in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Loop Capital lowered their price objective on shares of Charter Communications from $730.00 to $615.00 in a research report on Wednesday, January 26th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and an average target price of $745.72.

Charter Communications Profile (Get Rating)

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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

Further Reading

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Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

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