Sentry Investment Management LLC Sells 233 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Sentry Investment Management LLC cut its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 48.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 243 shares of the company’s stock after selling 233 shares during the period. Sentry Investment Management LLC’s holdings in Charter Communications were worth $83,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new position in shares of Charter Communications in the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications in the 3rd quarter worth approximately $28,000. Avior Wealth Management LLC boosted its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new position in Charter Communications during the fourth quarter valued at approximately $32,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications during the fourth quarter worth approximately $45,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 1.6 %

Shares of NASDAQ:CHTR opened at $359.04 on Friday. The firm has a market capitalization of $51.05 billion, a P/E ratio of 10.27, 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 stock has a 50 day moving average price of $352.05 and a 200-day moving average price of $353.63. Charter Communications, Inc. has a 52-week low of $236.08 and a 52-week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the business earned $7.07 earnings per share. As a group, equities research analysts anticipate that Charter Communications, Inc. will post 38.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CHTR shares. Morgan Stanley upped their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Barclays increased their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Wells Fargo & Company lifted their price target on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Charter Communications presently has an average rating of “Hold” and an average price target of $384.42.

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.