Published on 30 May 2024 on Insider Monkey via Yahoo Finance
Charter Communications (CHTR) Experienced Worse-Than-Expected Subscriber Losses
Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund’s Institutional Class returned +7.79% compared to a +10.30% return for the Russell 1000 Index. The Fund’s Institutional Class has returned +31.94% for the year compared to a +29.87% return for the benchmark. The fund’s impressive strong performance is further enhanced by the market rally in the first quarter. The fund’s returns have increased by 50% from the October 2022 lows. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
Weitz Investment Large Cap Equity Fund highlighted stocks like Charter Communications, Inc. (NASDAQ:CHTR) in the first quarter 2024 investor letter. Charter Communications, Inc. (NASDAQ:CHTR) is a broadband connectivity and cable operator. The one-month return of Charter Communications, Inc. (NASDAQ:CHTR) was 3.57%, and its shares lost 17.28% of their value over the last 52 weeks. On May 29, 2024, Charter Communications, Inc. (NASDAQ:CHTR) stock closed at $271.35 per share with a market capitalization of $39.083 billion.