5 Best Stocks to Buy Now According to British Billionaire Chris Hohn

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

TCI Fund Management’s Stake Value: $6.38 billion

Percentage of TCI Fund Management’s 13F Portfolio: 14.37%

Number of Hedge Fund Holders: 73

Charter Communications, Inc. (NASDAQ:CHTR) is a broadband internet and cable operator based in the United States. Chris Hohn’s fund owned 9.8 million shares of the firm in the fourth quarter at a price tag of $6.38 billion which amounted to 14.37% of the fund’s total holdings. This also makes TCI Fund Management the largest stakeholder in Charter Communications, Inc. (NASDAQ:CHTR) as of Q4 2021.

Rosenblatt analyst Barton Crockett on April 19 initiated coverage of Charter Communications, Inc. (NASDAQ:CHTR) with a ‘Buy’ rating and a $732 price target.

As of the fourth quarter, Charter Communications, Inc. (NASDAQ:CHTR) reported earnings per share of $8.93, which beat consensus estimates by $1.85. The firm posted $13.21 billion in quarterly revenue which grew 4.66% year-on-year, but fell below estimates by $33.55 million.

In the fourth quarter of 2021, 73 hedge funds reported bullish bets on Charter Communications, Inc. (NASDAQ:CHTR), with combined positions worth $16.59 billion.

Investment firm ClearBridge Investments talked about Charter Communications, Inc. (NASDAQ:CHTR) in its Q1 2022 investor letter. Here’s what the fund said:

“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.”