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.”
2. Westinghouse Air Brake Technologies Corporation (NYSE:WAB)
3G Sahana Capital Management’s Stake Value: $172,849,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 23.21%
Number of Hedge Fund Holders: 40
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) operates in the railroad industry and provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. The company has two business segments: Freight and Transit. On June 23, Morgan Stanley analyst Dillon Cumming slashed his price target on Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to $94 from $113 and downgraded the stock to Equal Weight from Overweight.
Over the past 3 months, 4 Wall Street analysts have rated Westinghouse Air Brake Technologies Corporation (NYSE:WAB). The stock has received 1 Buy, 2 Hold, and 1 Sell. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has an average price target of roughly $93, which implies a 12.23% upside from its closing price of $82.57 on July 18. The stock has a maximum price target of $101 and a minimum target of $84.
At the close of Q1 2022, 40 hedge funds disclosed ownership of stakes in Westinghouse Air Brake Technologies Corporation (NYSE:WAB). The total value of these stakes amounted to $2.80 billion. This is compared to 38 positions in the previous quarter with stakes worth $3.02 billion.
As of March 31, 3G Sahana Capital Management owns more than 1.79 million shares of Westinghouse Air Brake Technologies Corporation (NYSE:WAB) which amounts to a stake of $172.84 million. The investment covers 23.21% of Munir Javeri’s 13F portfolio.
1. Comcast Corporation (NASDAQ:CMCSA)
3G Sahana Capital Management’s Stake Value: $180,688,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 24.27%
Number of Hedge Fund Holders: 78
Comcast Corporation (NASDAQ:CMCSA) is a leading media and technology company that has operations worldwide. The company has five business segments: Cable Communications, Media, Studios, Theme Parks, and Sky segments. As of July 19, Comcast Corporation (NASDAQ:CMCSA) has a trailing twelve-month PE ratio of 13.04 and is offering a forward dividend yield of 2.66%, which the company supports with its free cash flows of $16.56 billion.
On June 29, TD Securities analyst Vince Valentini cut his price target on Comcast Corporation (NASDAQ:CMCSA) to $60 from $65 and reiterated a Buy rating on the shares. Over the past 3 months, Comcast Corporation (NASDAQ:CMCSA) has received 11 Buy, 6 Hold, and 1 Sell ratings from Wall Street. The stock has a high price target of $60 and a low price target of $40. Comcast Corporation’s (NASDAQ:CMCSA) average price target of roughly $51 represents a 25.16% upside from its closing price of $40.54 on July 18.
In the first quarter of 2022, 3G Sahana Capital Management increased its position in Comcast Corporation (NASDAQ:CMCSA) by 7%, bringing its stakes to $180.68 million. The investment covers 24.27% of Munir Javeri’s 13F portfolio.
At the end of the first quarter of 2022, 78 hedge funds were long Comcast Corporation (NASDAQ:CMCSA) and held stakes worth $7.12 billion in the company. This is compared to 80 hedge funds in Q4 2021 with stakes worth $8.63 billion.
Here is what ClearBridge Investments had to say about Comcast Corporation (NASDAQ:CMCSA) in its “All Cap Growth Strategy” fourth-quarter 2021 investor letter:
“Weakness among our holdings in the communication services sector was the other detractor to performance. Comcast was hurt by tepid subscriber growth in its broadband business but demonstrated strong growth in free cash flow, positioning the company for accelerated capital return going forward.”
You can also take a look at 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks and 10 Best High-Yield Dividend Stocks to Buy According to Billionaire George Soros.
