Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, August 14, 2014

Buffett's Berkshire reveals Charter stake, cuts DirecTV, (NYSE: BRK-A), (NYSE: BRK-B), (NASDAQ: CHTR)

Warren Buffett's Berkshire Hathaway Inc disclosed a new $366 million stake in cable TV operator Charter Communications Inc and pared its holdings in two other pay-TV companies, part of a flurry of changes in its stock investments during the second quarter. Shares of Charter shares rose about 2 percent after-hours after Berkshire reported a new 2.3 million share stake, according to a U.S. Securities and Exchange Commission filing that detailed its domestic equity investments as of June 30.Charter is "the play of choice on cable consolidation," said Wunderlich Securities analyst Matthew Harrigan."You've got a good story on an as-is basis and if they do more deals they can do a lot more value," he said.DirecTV is awaiting regulatory approval to sell itself to AT&T for $48.5 billion.

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 568.

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 4482106.

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 950692.



Source