3 Favorite Stock Picks of Munir Javeri’s 3G Sahana Capital Management

In this article, we will look at 3 favorite stock picks of Munir Javeri’s 3G Sahana Capital Management. If you want to learn more about Munir Javeri’s investment career and his hedge fund’s performance, you can go to 6 Favorite Stock Picks of Munir Javeri’s 3G Sahana Capital Management.

3. Charter Communications, Inc. (NASDAQ:CHTR)

3G Sahana Capital Management’s Stake Value: $129,710,000 

Percentage of 3G Sahana Capital Management’s 13F Portfolio: 17.42%

Number of Hedge Fund Holders: 73

Charter Communications, Inc. (NASDAQ:CHTR) is a broadband connectivity and cable operator company that serves residential and commercial clients in the United States. In the first quarter of 2022, 3G Sahana Capital Management raised its stakes in Charter Communications, Inc. (NASDAQ:CHTR) by 120%, bringing them to $129.71 million. The investment covers 17.42% of Munir Javeri’s 13F portfolio.

On June 29, TD Securities analyst Vince Valentini trimmed his price target on Charter Communications, Inc. (NASDAQ:CHTR) to $670 from $735 but maintained a Buy rating on the shares.

17 Wall Street analysts have given their 12-month price targets on Charter Communications, Inc. (NASDAQ:CHTR) over the past 3 months. The stock has received 8 Buy, 7 Hold, and 2 Sell ratings. Charter Communications, Inc. (NASDAQ:CHTR) has a high price target of $ 805 and a low price target of $393. The stock’s average price target of roughly $573 implies a 20.80% upside from its closing price on July 18, which sits at $474.01.

At the end of Q1 2022, 73 hedge funds were bullish on Charter Communications, Inc. (NASDAQ:CHTR) and held stakes worth $8.51 billion. This is compared to 73 positions in the preceding quarter with stakes of $16.59 billion.

ClearBridge Investments, an investment management firm, mentioned Charter Communications, Inc. (NASDAQ:CHTR) in its “Large Cap Value Strategy” first-quarter 2022 investor letter. Here is what the firm had to say:

“We also added to Charter Communications (NASDAQ:CHTR), a historically strong performer that has faced headwinds recently due to a deceleration in broadband subscriber growth following a period of robust results during the pandemic.”