Sentry Investment Management LLC Sells 57 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sentry Investment Management LLC trimmed its holdings in Charter Communications, Inc. (NASDAQ:CHTR) by 9.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 532 shares of the company’s stock after selling 57 shares during the quarter. Sentry Investment Management LLC’s holdings in Charter Communications were worth $207,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mackenzie Financial Corp increased its holdings in Charter Communications by 14.3% in the 4th quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock worth $18,600,000 after buying an additional 5,979 shares in the last quarter. Dakota Wealth Management grew its stake in shares of Charter Communications by 7.8% during the 4th quarter. Dakota Wealth Management now owns 10,196 shares of the company’s stock valued at $3,963,000 after purchasing an additional 742 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Charter Communications by 17.6% during the 4th quarter. Vontobel Holding Ltd. now owns 3,014 shares of the company’s stock valued at $1,171,000 after purchasing an additional 452 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Charter Communications during the 4th quarter valued at about $6,957,000. Finally, Perigon Wealth Management LLC grew its stake in shares of Charter Communications by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $1,345,000 after purchasing an additional 40 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $257.57 on Wednesday. The stock’s fifty day moving average is $285.75 and its 200 day moving average is $356.67. Charter Communications, Inc. has a fifty-two week low of $254.31 and a fifty-two week high of $458.30. The firm has a market capitalization of $37.41 billion, a PE ratio of 8.58, a PEG ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. During the same quarter in the previous year, the company posted $7.69 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. On average, sell-side analysts anticipate that Charter Communications, Inc. will post 32.58 earnings per share for the current year.

Analysts Set New Price Targets

CHTR has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Bank of America cut their price target on Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Barclays cut their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and an average price target of $380.80.

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.