5 Dirt Cheap Stocks To Buy According to Hedge Funds

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

PE Ratio as of April 3: 9.19

Number of Hedge Fund Holders: 69

Charter Communications, Inc. (NASDAQ:CHTR) is a Connecticut-based company that provides a host of services, including subscription-based internet, video, mobile, voice communications services, broadband communications solutions, and more. As per the company’s website, it serves 57 million homes in 41 states, has 7.8 million mobile lines in its network, and 30.6 million broadband internet customers.

The stock has a PE ratio of 9.19 as of April 3 and is a dirt cheap stock to buy according to hedge funds. On March 18, Bernstein analyst Laurent Yoon upgraded Charter Communications, Inc. (NASDAQ:CHTR) to Outperform from Market Perform rating and maintained a price target of $370.

Charter Communications, Inc. (NASDAQ:CHTR) was part of 69 hedge funds’ portfolios, and the total stake value was $5.358 billion in the fourth quarter of 2023. As of December 31, 2023, Harris Associates is the largest shareholder in the company and has a position worth $2.01 billion.

Weitz Investment Management mentioned Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2023 investor letter. Here is what it said:

“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. ”