5 Stocks to Buy in 2022 According to Mark Massey’s AltaRock Partners

In this article, we discuss 5 stocks to buy in 2022 according to Mark Massey’s AltaRock Partners. If you want to read our detailed analysis of Massey’s history, investment philosophy, and hedge fund performance, go directly to 9 Stocks to Buy In 2022 According to Mark Massey’s Altarock Partners.

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

AltaRock Partners’ Stake Value: $349,432,000
Percentage of AltaRock Partners’ 13F Portfolio: 8.9%
Number of Hedge Fund Holders: 73

Charter Communications, Inc. (NASDAQ:CHTR) is a company that provides high-speed internet access. Spectrum TV, Spectrum Internet, and Spectrum Voice are among its offerings. The most significant stakeholder of Charter Communications, Inc. (NASDAQ:CHTR) is Harris Associates, with 4.13 million shares worth $2.25 billion.

Analyst Walter Piecyk of LightShed Partners initiated coverage of Charter Communications, Inc. (NASDAQ:CHTR), maintaining a Neutral rating on May 4. Securities filings reveal that AltaRock Partners trimmed its stake in Charter Communications, Inc. (NASDAQ:CHTR) by 53% during the first quarter of 2022. The fund owns 640,548 shares of Charter Communications, Inc. (NASDAQ:CHTR) worth over $349.43 million, representing 8.9% of the portfolio.

According to our database, the number of long hedge fund positions in Charter Communications, Inc. (NASDAQ:CHTR) decreased at the end of the fourth quarter of 2021. 73 hedge funds held a position in Charter Communications, Inc. (NASDAQ:CHTR), compared to 74 funds in the third quarter.

Here is what ClearBridge Investments said about Charter Communications, Inc. (NASDAQ:CHTR) in its Q1 2021 investor letter:

“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.”