Jim Cramer is Bearish On These 5 Stocks in April

1. Charter Communications Inc (NASDAQ:CHTR)

Number of Hedge Fund Investors: 69

Earlier this month, Jim Cramer was asked about his thoughts on Charter Communications Inc (NASDAQ:CHTR). Cramer labeled the stock “awful”. We covered Cramer’s detailed comments about the stock here.

However, 69 hedge funds in Insider Monkey’s database would disagree with Cramer, since they had reported owning the stock as of the end of 2023. The biggest stakeholder of Charter Communications Inc (NASDAQ:CHTR) was Natixis Global Asset Management’s Harris Associates which had a $2 billion stake in Charter Communications Inc (NASDAQ:CHTR).

Here is what Weitz Conservative Allocation Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2023 investor letter:

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.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Jim Cramer Says You Should Avoid These 11 Stocks and the Jim Cramer is Talking About Trump Media and 10 Other Stocks.