BofA Identifies 20 Stocks Avoided by Hedge Funds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Stocks Avoided by Hedge Funds: BofA's analysis reveals that Brown-Forman Corporation Class B (BF.B) has the lowest net relative weight among S&P 500 stocks at -19.33, indicating a lack of confidence from hedge funds that could negatively impact its stock performance.
- Sector Distribution Insights: Super Micro Computer, Inc. (SMCI) and Charter Communications, Inc. Class A (CHTR) follow closely with net weights of -14.14 and -13.14, respectively, reflecting a cautious stance from hedge funds in the tech and communications sectors, which may hinder these companies' capital market access.
- Market Sentiment Indicator: Lennar Corporation Class A (LEN) and Moderna, Inc. (MRNA) are also avoided with weights of -12.50 and -9.41, suggesting a bearish sentiment in the real estate and biotech sectors that could affect their future growth potential.
- Investor Confidence Lacking: Companies like Erie Indemnity Company Class A (ERIE) and International Paper Company (IP) are also on the avoidance list, indicating a lack of confidence from hedge funds that may lead to poor market performance for these firms.
Analyst Views on CHTR
Wall Street analysts forecast CHTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHTR is 303.27 USD with a low forecast of 200.00 USD and a high forecast of 428.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
5 Buy
6 Hold
2 Sell
Hold
Current: 194.610
Low
200.00
Averages
303.27
High
428.00
Current: 194.610
Low
200.00
Averages
303.27
High
428.00
About CHTR
Charter Communications, Inc. is a broadband connectivity company and cable operator serving more than 57 million homes and businesses in 41 states through its Spectrum brand. Over an advanced communications network, the Company offers a range of residential and business services, including Spectrum Internet, television (TV), Mobile and Voice. For small businesses, Spectrum Business delivers a range of broadband products and services coupled with special features and applications to enhance productivity. For mid-market and large businesses, Spectrum Business provides customized, fiber-based solutions. Spectrum Reach delivers advertising and production for the modern media landscape. The Company also distributes news coverage and sports programming to its customers through Spectrum Networks. The Company offers its customers subscription-based Internet, video, mobile and voice services, with prices and related charges based on the types of service selected.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
