7 Dirt Cheap Stocks to Invest In Now

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

Forward Price-to-Earnings Ratio: 8.91

Number of Hedge Fund holders as of Q2: 48

Charter Communications, Inc. (NASDAQ:CHTR) is a communication service company that serves residential and commercial customers as a broadband connectivity and cable operator. Thanks to a government program to increase broadband access in rural areas and its mobile push, the company is seeing some success growing in rural markets. However, a competitive broadband market is hindering the growth of core subscribers.

Consequently, the nation’s second-largest cable company delivered solid second-quarter results that signal solid underlying fundamentals even as it faces challenges in its core cable business. Residential and business internet users combined dropped by 149,000 to 30.4 million, according to Charter Communications, Inc. (NASDAQ:CHTR).

Revenue increased by 0.2% to $13.7 billion, exceeding the $13.6 billion consensus estimate. On the other hand, the company’s mobile line count increased by 557,000 to 8.8 million. Earnings in the quarter were up 2.6% to $5.7 billion. During the quarter, the company also repurchased 1.5 million shares, affirming its ability to return value to shareholders.

While trading at a price-to-earnings multiple of 8.91, Charter Communications, Inc. (NASDAQ:CHTR) is dirt cheap, considering its solid revenue and earnings growth. Despite not paying a dividend, Charter currently appears to be a respectable value investment, particularly if it can reverse the fall in broadband subscribers.

Among the 912 hedge funds tracked by Insider Monkey in their Q2 2024 database, 48 had investments in Charter Communications, Inc. (NASDAQ:CHTR). The most significant stake, worth $1.89 billion, was held by Harris Associates of Natixis Global Asset Management.