5 Best Small-Cap Stocks Ready To Explode According To Hedge Funds

2. Axalta Coating Systems Ltd (NYSE:AXTA)

Number of Hedge Fund Holders: 45

Axalta Coating Systems Ltd (NYSE:AXTA) is a leading American chemicals company that distributes high-performance coatings systems. The company has two business segments: Performance Coatings and Mobility Coatings. Axalta Coating Systems Ltd (NYSE:AXTA) is ranked second among the top small-cap stocks ready to explode, according to hedge funds.

On January 25, Axalta Coating Systems Ltd (NYSE:AXTA) posted strong earnings for the fourth quarter of fiscal 2022. The company generated a revenue of $1.24 billion, up 8.75% year over year and ahead of Wall Street consensus by $19.68 million. The company reported an EPS of $0.38 and outperformed EPS estimates by $0.03.

Axalta Coating Systems Ltd (NYSE:AXTA) was held by 45 hedge funds at the end of Q4 2022. These funds held collective stakes worth $914.4 million in the company, up from $790.9 million in the previous quarter with 38 positions. As of December 31, Ariel Investments is the largest stockholder in the company and has a stake worth $180.8 million.

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