Tremblant Capital Group Sells 22,758 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Tremblant Capital Group lessened its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,788 shares of the company's stock after selling 22,758 shares during the period. Charter Communications comprises 3.0% of Tremblant Capital Group's investment portfolio, making the stock its 13th largest holding. Tremblant Capital Group owned about 0.06% of Charter Communications worth $29,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its stake in Charter Communications by 22.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,203 shares of the company's stock valued at $412,000 after acquiring an additional 220 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Charter Communications during the 4th quarter valued at about $1,133,000. Brooklyn Investment Group grew its stake in Charter Communications by 5.8% during the 4th quarter. Brooklyn Investment Group now owns 671 shares of the company's stock valued at $230,000 after acquiring an additional 37 shares in the last quarter. Premier Path Wealth Partners LLC grew its stake in Charter Communications by 26.5% during the 4th quarter. Premier Path Wealth Partners LLC now owns 949 shares of the company's stock valued at $325,000 after acquiring an additional 199 shares in the last quarter. Finally, HB Wealth Management LLC grew its stake in Charter Communications by 8.2% during the 4th quarter. HB Wealth Management LLC now owns 1,660 shares of the company's stock valued at $569,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on CHTR. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price target on Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Raymond James raised Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday. Citigroup boosted their price target on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target for the company in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Charter Communications has a consensus rating of "Hold" and a consensus target price of $409.39.

Charter Communications Stock Performance

Charter Communications stock traded down $5.51 during trading hours on Thursday, reaching $409.93. 1,425,230 shares of the company were exchanged, compared to its average volume of 1,266,681. Charter Communications, Inc. has a 12 month low of $266.06 and a 12 month high of $437.06. The firm has a market cap of $57.54 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.44 and a beta of 1.11. The stock has a 50-day moving average of $369.76 and a 200 day moving average of $367.42. 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 issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the firm earned $7.55 earnings per share. The firm's quarterly revenue was up .4% compared to the same quarter last year. As a group, research analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current 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.