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Thursday, August 14, 2014

Buffett's Berkshire Hathaway buys stake in Charter Communications, (NYSE: BRK-A), (NYSE: BRK-B), (NASDAQ: CHTR)

Warren Buffett's Berkshire Hathaway Inc reported a $366 million stake in cable TV operator Charter Communications Inc in the second quarter, according to a regulatory filing made public on Thursday. Shares of Charter rose more than 2 percent in very light volume after the closing bell following the disclosure, which came in a U.S. Securities and Exchange Commission filing that detailed Berkshire equity investments as of June 30.Charter declined to comment.Shares of companies often rise after Berkshire reveals stakes because some investors consider it a vote of confidence by Buffett and try to copy him.The regulatory filing did not state whether the Charter Communications investment was made by Buffett himself, or by one or both of his portfolio managers, Todd Combs and Ted Weschler.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 1.62% or $3241.0/share to $202850.00. In the past year, the shares have traded as low as $163038.00 and as high as $199999.00. On average, 261 shares of BRK-A exchange hands on a given day and today's volume is recorded at 567.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 1.67% or $2.22/share to $135.30. In the past year, the shares have traded as low as $108.12 and as high as $133.43. On average, 2625470 shares of BRK-B exchange hands on a given day and today's volume is recorded at 4481896.

Charter Communications, Inc. (Charter) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Shares of CHTR traded higher by 0.92% or $1.43/share to $156.44. In the past year, the shares have traded as low as $116.78 and as high as $167.30. On average, 983938 shares of CHTR exchange hands on a given day and today's volume is recorded at 950622.



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