5 Stocks to Buy at a Discount Now

3. Charter Communications Inc (NASDAQ:CHTR)

Number of Hedge Fund Investors: 73

Charter Communications Inc (NASDAQ:CHTR) has a PE ratio of 11.9 as of January 16. The stock has lost about 6.8% year to date through December 16.

As of the end of the third quarter of 2023, 73 hedge funds tracked by Insider Monkey had stakes in Charter Communications Inc (NASDAQ:CHTR). The most significant stakeholder of Charter Communications Inc (NASDAQ:CHTR) was Natixis Global Asset Management’s Harris Associates which owns a $2.3 billion stake in Charter Communications Inc (NASDAQ:CHTR).

Here is what Weitz Conservative Allocation Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2023 investor letter:

“We swapped the Fund’s Liberty Broadband Corporation (NASDAQ:LBRDK) shares back to Charter Communications, Inc. (NASDAQ:CHTR) (Charter is by far Liberty Broadband’s largest asset), and the combined position was the most notable quarterly contributor. Investor sentiment around broadband’s competitive position became less negative, and the stocks rebounded nicely from what we considered oversold levels.”