5 Stocks to Buy Now According to Munir Javeri’s 3G Sahana Capital Management

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

3G Sahana Capital Management Stake Value: $70,734,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 7.95%
Number of Hedge Fund Holders: 73

Charter Communications, Inc. (NASDAQ:CHTR) is a telecommunications and media business based in the United States that offers Spectrum services. By the end of Q4 2021, 73 hedge funds tracked by Insider Monkey held stakes in Charter Communications, Inc. (NASDAQ:CHTR), valued at roughly $16.59 billion. In comparison, 74 hedge funds held stakes in the company in the preceding quarter, worth $18.79 billion.

After the Q4 results, Deutsche Bank analyst Bryan Kraft decreased his price objective on Charter Communications, Inc. (NASDAQ:CHTR) to $650 from $725 and maintained a Hold rating. In addition to that, long-term projections for broadband subscriber growth, revenue, EBITDA, and free cash flow all had been decreased by the analyst.

3G Sahana Capital Management has 108,493 shares of Charter Communications, Inc. (NASDAQ:CHTR) worth $70.73 million, accounting for 7.95% of the fund’s total portfolio, according to regulatory filings for the fourth quarter. This is a 50% increase over the previous quarter when the hedge fund owned 72,337 shares in the company.

ClearBridge Investments, in its first quarter 2021 investor letter, highlighted a few stocks, and Charter Communications, Inc. (NASDAQ:CHTR) was one of them. Here is what the fund said:

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included communication services, where Charter Communications, Inc. (NASDAQ:CHTR) trailed after generating robust returns earlier in the recovery.”