Sentry Investment Management LLC decreased its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 2.5% during the first quarter, Holdings Channel reports. The fund owned 16,888 shares of the company’s stock after selling 440 shares during the period. Sentry Investment Management LLC’s holdings in Charter Communications were worth $5,528,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock valued at $197,000 after buying an additional 3 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Charter Communications by 0.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,357 shares of the company’s stock valued at $1,540,000 after buying an additional 21 shares during the last quarter. Raymond James Trust N.A. boosted its position in Charter Communications by 4.5% in the first quarter. Raymond James Trust N.A. now owns 741 shares of the company’s stock valued at $242,000 after buying an additional 32 shares during the last quarter. South Texas Money Management Ltd. boosted its position in Charter Communications by 4.2% in the first quarter. South Texas Money Management Ltd. now owns 792 shares of the company’s stock valued at $259,000 after buying an additional 32 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Charter Communications by 0.4% in the first quarter. M&T Bank Corp now owns 13,005 shares of the company’s stock valued at $4,256,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Institutional Ownership by Quarter for Charter Communications (NASDAQ:CHTR)

Charter Communications, Inc. (NASDAQ CHTR) traded up 0.56% during midday trading on Friday, hitting $340.22. 2,406,080 shares of the company traded hands. The stock’s 50-day moving average is $332.47 and its 200-day moving average is $318.45. The firm has a market capitalization of $91.02 billion, a PE ratio of 23.11 and a beta of 1.11. Charter Communications, Inc. has a 12-month low of $214.06 and a 12-month high of $355.00.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by $0.42. The firm had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.26 billion. Charter Communications had a net margin of 10.55% and a return on equity of 2.13%. The business’s revenue was up 301.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.68) EPS. Analysts anticipate that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.

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CHTR has been the subject of a number of research reports. Evercore ISI reissued an “overweight” rating on shares of Charter Communications in a research note on Monday, February 27th. Wunderlich lowered shares of Charter Communications from a “buy” rating to a “hold” rating and decreased their target price for the company from $360.00 to $350.00 in a research note on Wednesday, May 3rd. Moffett Nathanson lowered shares of Charter Communications from a “buy” rating to a “neutral” rating and set a $337.00 target price for the company. in a research note on Wednesday, February 22nd. Wells Fargo & Company lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 target price for the company. in a research note on Wednesday, May 3rd. Finally, Deutsche Bank AG decreased their target price on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Eleven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $327.67.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total value of $323,620.00. Following the completion of the sale, the director now owns 13,436 shares in the company, valued at $4,348,158.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David C. Merritt purchased 1,200 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was purchased at an average price of $326.31 per share, with a total value of $391,572.00. Following the purchase, the director now owns 8,174 shares of the company’s stock, valued at $2,667,257.94. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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