Tremblant Capital Group Has $16.21 Million Holdings in Charter Communications, Inc. $CHTR

Tremblant Capital Group decreased its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,916 shares of the company’s stock after selling 9,957 shares during the quarter. Charter Communications makes up approximately 1.7% of Tremblant Capital Group’s portfolio, making the stock its 27th biggest position. Tremblant Capital Group’s holdings in Charter Communications were worth $16,208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Charter Communications by 129.1% during the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock valued at $4,356,000 after purchasing an additional 6,691 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Charter Communications by 16.3% in the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock valued at $336,000 after buying an additional 128 shares during the period. Jones Financial Companies Lllp raised its holdings in Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after buying an additional 435 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Charter Communications by 451.1% during the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after buying an additional 600 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 1.4%

Charter Communications stock opened at $218.19 on Friday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. Charter Communications, Inc. has a 52-week low of $180.38 and a 52-week high of $437.06. The firm has a 50 day moving average price of $216.65 and a two-hundred day moving average price of $228.85. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 0.34 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the prior year, the company posted $10.10 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts predict that Charter Communications, Inc. will post 38.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHTR. Williams Trading set a $437.00 target price on shares of Charter Communications in a report on Monday, February 2nd. TD Cowen lifted their price target on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Royal Bank Of Canada decreased their price objective on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Finally, BNP Paribas Exane lowered their target price on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average target price of $335.11.

Charter Communications 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.