5 Most Undervalued Stocks To Buy Now

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

Number of Q4 2023 Hedge Fund Shareholders: 69

Trailing P/E Ratio: 8.92

Average Analyst Share Price Upside: 42.63%

Charter Communications, Inc. (NASDAQ:CHTR) is a mega American telecommunications services provider headquartered in Stamford, Connecticut. 2024 is shaping up to be a crucial month for the behemoth, as it is in intense discussions to renegotiate a carriage agreement with the media giant Paramount Global. The agreement could impact both Paramount and Charter Communications, Inc. (NASDAQ:CHTR)’s share price, and set the tone for mega media deals in the months to come.

For their December quarter of 2023 shareholdings, 69 out of the 933 hedge funds part of Insider Monkey’s database were the firm’s shareholders. Charter Communications, Inc. (NASDAQ:CHTR)’s largest hedge fund investor is Natixis Global Asset Management’s Harris Associates due to its $2 billion stake.

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