5 Best Beaten Down Stocks To Buy Right Now

In this piece, we will take a look at the five best beaten down stocks to buy right now. If you want to learn more about the recent happenings in the stock market, then read 14 Best Beaten Down Stocks To Buy Right Now.

5. Carnival Corporation & plc (NYSE:CCL)

Number of Hedge Fund Investors In Q4 2023: 41

52-Week Range: $8.37 – $19.74

Current Share Price: $14.80

Carnival Corporation & plc (NYSE:CCL) is an American cruise ship company headquartered in Miami, Florida. With more than 90 ships in its fleet, it is one of the largest of its kind in the world. Even though it is significantly up over its 52 week low, the stock is still beaten down since it has lost 70% since the start of the coronavirus pandemic.

As of Q4 2023, 41 out of the 933 hedge funds part of Insider Monkey’s database had held a stake in the firm. Carnival Corporation & plc (NYSE:CCL)’s largest hedge fund shareholder is Josh Overdeck and David Siegel’s Two Sigma Advisors due to its $298 million stake.

4. Paramount Global (NASDAQ:PARA)

Number of Hedge Fund Investors In Q4 2023: 43

52-Week Range: $10.51 – $24

Current Share Price: $12

Paramount Global (NASDAQ:PARA) is one of the biggest media and entertainment companies in the world with a variety of studios and platforms in its portfolio. It’s one of the most poorly rated stocks on our list since the shares are rated Hold on average.

After digging through 933 hedge fund portfolios for last year’s fourth quarter, Insider Monkey found 43 Paramount Global (NASDAQ:PARA) shareholders. Warren Buffett’s Berkshire Hathaway was the biggest investor as it held $936 million worth of shares.

3. Transocean Ltd. (NYSE:RIG)

Number of Hedge Fund Investors In Q4 2023: 45

52-Week Range: $4.87 – $8.88

Current Share Price: $4.89

Transocean Ltd. (NYSE:RIG) is a Switzerland based energy company that provides drilling services and other associated products. Its latest set of financial results kept up a trend of losses but also provided a respite as a loss per share of 9 cents beat analyst estimates of a 23 cent loss.

During 2023’s December quarter, 45 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the firm. Transocean Ltd. (NYSE:RIG)’s largest hedge fund shareholder is Dmitry Balyasny’s Balyasny Asset Management due to its $44.9 million stake.

2. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Investors In Q4 2023: 47

52-Week Range: $45.02 – $78.16

Current Share Price: $58.59

Twilio Inc. (NYSE:TWLO) is an American software technology company whose products allow software developers to integrate customer management functions into their products. The firm has beaten analyst EPS estimates in all four of its latest quarters, and the shares are also rated Buy on average.

As of December 2023 end, 47 out of the 933 hedge funds part of Insider Monkey’s database had invested in Twilio Inc. (NYSE:TWLO). David Blood and Al Gore’s Generation Investment Management was the biggest investor, owning 8.5 million shares that are worth $645 million.

1. Biogen Inc. (NASDAQ:BIIB)

Number of Hedge Fund Investors In Q4 2023: 51

52-Week Range: $217.53 – $319.76

Current Share Price: $219.08

Biogen Inc. (NASDAQ:BIIB) is an American healthcare company that develops treatments for nervous system disorders and associated diseases. After its fourth quarter revenue of $2.39 billion missed analyst estimates of $2.46 billion, Baird reduced the share price target to $316 from $333 and kept an Outperform rating as it shared that the firm could pursue acquisitions to make up for the revenue shortfall.

51 out of the 933 hedge funds tracked by Insider Monkey had bought and owned the firm’s shares as of Q4 2023 end. Biogen Inc. (NASDAQ:BIIB)’s largest hedge fund investor is Samuel Isaly’s OrbiMed Advisors courtesy of its $214 million stake.

Disclosure: None. You can also take a look at 12 Best Blue Chip Stocks To Invest In According to Hedge Funds and 16 Best Income Stocks To Buy According to Analysts.