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

Tremblant Capital Group lessened its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 21.0% in the fourth quarter, HoldingsChannel reports. The firm owned 85,788 shares of the company’s stock after selling 22,758 shares during the period. Charter Communications makes up approximately 3.0% of Tremblant Capital Group’s holdings, making the stock its 13th largest holding. Tremblant Capital Group’s holdings in Charter Communications were worth $29,406,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CHTR. Norges Bank bought a new stake in Charter Communications in the 4th quarter worth approximately $1,032,236,000. Price T Rowe Associates Inc. MD grew its position in Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after purchasing an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after purchasing an additional 609,554 shares during the period. LSV Asset Management grew its position in Charter Communications by 8,343.1% in the 4th quarter. LSV Asset Management now owns 177,305 shares of the company’s stock worth $60,775,000 after purchasing an additional 175,205 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Charter Communications by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 900,849 shares of the company’s stock worth $308,795,000 after purchasing an additional 161,547 shares during the period. Institutional investors own 81.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a research report on Monday, April 28th. Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Oppenheimer raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective for the company in a research report on Friday. Finally, Citigroup boosted their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $404.94.

Charter Communications Trading Up 1.8%

Shares of Charter Communications stock opened at $427.25 on Monday. The company has a market capitalization of $59.97 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.44 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a fifty day moving average of $365.54 and a 200 day moving average of $366.33. Charter Communications, Inc. has a fifty-two week low of $266.06 and a fifty-two week high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its 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). The firm had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $7.55 EPS. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

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.