10 Most Popular Stocks Among Hedge Funds (Part 2)

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

A total of 114 hedge funds in our database are bullish on Charter Communications, Inc. (NASDAQ:CHTR) as of the end of March, a jump from 103 funds a quarter earlier. Charter Communications reported revenue of $10.2 billion for the first quarter, missing the consensus estimate of $10.3 billion. While Deutsche Bank lowered its price target on Charter Communications to $390 from $400 last month, it maintained its ‘Buy’ rating on it. The firm thinks that Charter has a strong free cash flow growth profile over a levered capital structure. A recent report suggests that Charter Communications rebuffed a $100 billion buyout offer from Verizon Communications Inc. (NYSE:VZ). Stewart Strawbridge’s Selkirk Management owns 34,800 shares of Charter Communications, Inc. (NASDAQ:CHTR) as of March 31.

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