In this article, we will take a look at the best stocks under $30 according to billionaire D.E. Shaw. If you want to learn about more stocks in DE Shaw’s portfolio then head on to 10 Best Stocks Under $30 According to DE Shaw.
5. Range Resources Corporation (NYSE:RRC)
D.E. Shaw’s Stake Value: $151.8 million
Percentage of D.E. Shaw’s 13F Portfolio: 0.14%
Number of Hedge Fund Holders: 36
Stock Price as of May 25, 2022: $29.86
Range Resources Corporation (NYSE:RRC) is an American oil and gas company headquartered in Fort Worth, Texas. The company owns more than a thousand production wells in the U.S. and it sells natural gas to a wide variety of firms ranging from marketing companies to utilities.
D.E. Shaw owned 4.9 million Range Resources Corporation (NYSE:RRC) shares as the first quarter of this year came to an end. These were worth $151.8 million and constituted 0.14% of its investment portfolio. This also made the firm Range Resources Corporation (NYSE:RRC)’s largest investor. Insider Monkey researched 912 hedge funds for 2022’s first quarter to find out that 36 had also invested in the company.
Range Resources Corporation (NYSE:RRC) raked in $180 million in revenue and$1.18 in non-GAAP EPS for its first fiscal quarter, meeting analyst EPS estimates. Susquehanna raised its price target to $34 from $24 in April 2022, highlighting that the raise was part of updated forecasts for the oil and gas sector.
Range Resources Corporation (NYSE:RRC)’s second largest investor is Stephen Mildenhall’s Contrarius Investment Management which owns 3.3 million shares that are worth $100 million.
4. Southwestern Energy Company (NYSE:SWN)
D.E. Shaw’s Stake Value: $180 million
Percentage of D.E. Shaw’s 13F Portfolio: 0.16%
Number of Hedge Fund Holders: 35
Stock Price as of May 25, 2022: $7.96
Southwestern Energy Company (NYSE:SWN) is an oil and gas explorer, producer, and developer that is based in Spring, Texas, United States. It has billions of cubic feet in natural gas reserves and focuses on reservoirs located in Pennsylvania, Virginia, Ohio, and Louisiana.
For its first fiscal quarter results, Southwestern Energy Company (NYSE:SWN) raked in $2.94 in revenue and $0.40 in non-GAAP EPS, in a strong set of results that beat Wall Street analyst estimates for both metrics. Citi raised its share price target to $8.25 from $6 in April 2022.
D.E. Shaw’s Q1 2022 investment in Southwestern Energy Company (NYSE:SWN) was worth $180 and it came in the form of 25 million shares. For the same time period, 35 of the 912 hedge funds profiled by Insider Monkey had invested in the firm.
David Iben’s Kopernik Global Investors is Southwestern Energy Company (NYSE:SWN)’s largest investor after D.E. Shaw through a $97 million stake that comes via 13 million shares.
3. United States Steel Corporation (NYSE:X)
D.E. Shaw’s Stake Value: $209 million
Percentage of D.E. Shaw’s 13F Portfolio: 0.19%
Number of Hedge Fund Holders: 37
Stock Price as of May 25, 2022: $24.01
United States Steel Corporation (NYSE:X) is, as the name suggests, an American steel producer. The firm provides a large variety of steel and steel based products such as tin, coke, iron ore, steel sheets, strip mill plates, slabs, and pipes.
Dr. Shaw’s investment firm owned 5.5 million United States Steel Corporation (NYSE:X) shares by the close of this year’s January quarter. This enabled it to hold a $209 million stake in the company. Similarly, by the end of Q1 2022, 37 hedge funds in Insider Monkey’s 912 fund survey had invested in the company.
United States Steel Corporation (NYSE:X) reported $5 billion in revenue and $3.05 in non-GAAP EPS for its fiscal Q1, beating analyst EPS estimates but missing them for revenue. JPMorgan raised the company’s price target to $30 from $33 in March 2022, as it used upgraded steel price forecasts to justify the decision.
United States Steel Corporation (NYSE:X)’s largest investor is Eric W. Mandelblatt’s Soroban Capital Partners which owns 11 million shares that are worth $440 million.
2. AMC Entertainment Holdings, Inc. (NYSE:AMC)
D.E. Shaw’s Stake Value: $286 million
Percentage of D.E. Shaw’s 13F Portfolio: 0.26%
Number of Hedge Fund Holders:16
Stock Price as of May 25, 2022: $10.57
AMC Entertainment Holdings, Inc. (NYSE:AMC) is a theater chain operating in the United States. It is headquartered in Leawood, Kansas, and was founded in 1920, making it a quintessential American brand. The firm owns close to a thousand theaters in the U.S. and Europe.
AMC Entertainment Holdings, Inc. (NYSE:AMC)’s fiscal first quarter earnings report revealed that it had brought in $785 million in revenue and -$0.52 in non-GAAP EPS, a big win for the company as it beat analyst estimates for both. The company’s shares rose by as much as 15% in early March 2022.
D.E. Shaw held a $286 million stake in AMC Entertainment Holdings, Inc. (NYSE:AMC) during Q1 2022. This came through the firm owning 11.6 million shares of a company that has seen serious volatility in its shares due to the battle between institutional and retail investors. D.E. Shaw was also AMC Entertainment Holdings, Inc. (NYSE:AMC)’s largest investor during this time according to data of hedge funds tracked by Insider Monkey. During the same time period, 16 of the 912 hedge fund holdings scanned by Insider Monkey contained the company’s shares.
Jim Simons’s Renaissance Technologies is AMC Entertainment Holdings, Inc. (NYSE:AMC)’s largest investor through a $45 million stake that comes through 1.8 million shares.
1. Ford Motor Company (NYSE:F)
D.E. Shaw’s Stake Value: $528 million
Percentage of D.E. Shaw’s 13F Portfolio: 0.49%
Number of Hedge Fund Holders:46
Stock Price as of May 25, 2022: $12.48
Ford Motor Company (NYSE:F) is an iconic American automobile manufacturer that is headquartered in Dearborn, Michigan. The company manufactures and sells all kinds of vehicles such as sports utility vehicles (SUVs), trucks, cars, electric, and luxury vehicles.
Ford Motor Company (NYSE:F) raked in $34.5 billion in revenue and $0.38 in non-GAAP EPS for its fiscal first quarter earnings, beating Wall Street analyst estimates as it showed signs of recovery after a major downturn in the sector in the wake of a semiconductor shortage. Tigress Financial raised the company’s share price target to $22 from $20 in May 2022, stating that strong vehicle demand will help revenue growth.
D.E. Shaw owned a $528 million stake in Ford Motor Company (NYSE:F) as 2022’s January quarter ended. Insider Monkey studied 912 hedge fund filings for Q1 2022 to discover that 46 had also invested in the company.
Ford Motor Company (NYSE:F)’s second largest investor is Ken Griffin’s Citadel Investment Group which owns 7.9 million shares that are worth $133 million.
Disclosure: None. You can also take a look at 10 Value Stocks in Seth Klarman’s Latest Portfolio and 10 Biotech Stocks to Buy Today According to Ken Fisher’s Fisher Asset Management.
