5 Best Undervalued UK Stocks To Buy Now

In this piece, we will take a look at the five best undervalued U.K. stocks to buy now. If you want to learn more about the British economy, then check out 11 Best Undervalued UK Stocks To Buy Now.

5. Nomad Foods Limited (NYSE:NOMD)

Latest Share Price Upside: 63%

Number of Hedge Fund Investors In Q2 2023: 24

Nomad Foods Limited (NYSE:NOMD) is a consumer defensive company that sells frozen food products all over the world. Despite inflation rising in the U.K. and all over Europe, it has beaten analyst EPS estimates in three of its four latest quarters. The stock is rated Strong Buy on average, with the latest Overweight rating coming from Barclays in October 2023.

As of Q2 2023 end, 24 out of the 910 hedge funds polled by Insider Monkey had invested in Nomad Foods Limited (NYSE:NOMD). Jim Simons’ Renaissance Technologies owns the largest stake among these which is worth $71.2 million.

4. Bicycle Therapeutics plc (NASDAQ:BCYC)

Latest Share Price Upside: 220%

Number of Hedge Fund Investors In Q2 2023: 24

Bicycle Therapeutics plc (NASDAQ:BCYC) is a healthcare company that develops treatments for complications from diabetes, immune system disorders, and other ailments. The firm scored a win in October 2023 when its bladder cancer treatment was selected by the FDA for faster development times to help early patients.

During 2023’s June quarter, 24 out of the 910 hedge funds tracked by Insider Monkey had held a stake in the firm. Bicycle Therapeutics plc (NASDAQ:BCYC)’s biggest hedge fund shareholder is David Kroin’s Deep Track Capital as it owns 2.8 million shares that are worth $71.9 million.

3. Genius Sports Limited (NYSE:GENI)

Latest Share Price Upside: 80%

Number of Hedge Fund Investors In Q2 2023: 26

Genius Sports Limited (NYSE:GENI) is a technology company that operates a platform for sports live streaming, betting, and other services. As a discretionary income firm, sluggishness in the British economy had led to the firm beating analyst EPS estimates in only one of its four latest quarters.

For their second quarter of 2023 shareholdings, 26 hedge funds among the 910 surveyed by Insider Monkey were Genius Sports Limited (NYSE:GENI)’s investors. Catherine D. Wood’s ARK Investment Management owns the largest stake among these which is worth $31.4 million.

2. CNH Industrial N.V. (NYSE:CNHI)

Latest Share Price Upside: 70%

Number of Hedge Fund Investors In Q2 2023: 30

CNH Industrial N.V. (NYSE:CNHI) is one of the oldest companies on our list since it was set up in 1842. It sells heavy machinery for agricultural use. These days, the firm is busy expanding its global portfolio as it added a new dealer to its American portfolio in November 2023.

As of June 2023 end, out of the 910 hedge funds part of Insider Monkey’s database, 30 had bought and owned the firm’s shares. CNH Industrial N.V. (NYSE:CNHI)’s biggest investor among these is Natixis Global Asset Management’s Harris Associates as it owns 112 million shares that are worth $1.6 billion.

1. Roivant Sciences Ltd. (NASDAQ:ROIV)

Latest Share Price Upside: 81%

Number of Hedge Fund Investors In Q2 2023: 46

Roivant Sciences Ltd. (NASDAQ:ROIV) is developing treatments for cancer and immune system diseases. Its shares are rated Strong Buy on average and analysts have set an average share price target of $16.22.

For their Q2 2023 investments, 46 among the 910 hedge funds tracked by Insider Monkey had held a stake in Roivant Sciences Ltd. (NASDAQ:ROIV). Daniel Gold’s QVT Financial owns the largest stake among these which is worth $1.2 billion and comes via 122 million shares.

Disclosure: None. You can also take a look at 14 Best Cyclical Stocks To Invest In and 12 Best Small-Cap Biotech Stocks with Massive Potential According to Hedge Funds.

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