In this piece, we will take a look at the five cheap value stocks to buy according to Seth Klarman. If you want to take a look at Mr. Klarman’s investment approach and some recent trends, then head on over to 12 Cheap Value Stocks To Buy According To Seth Klarman.
5. Veritiv Corporation (NYSE:VRTV)
Baupost Group’s Q1 2023 Investment: $449 million
Veritiv Corporation (NYSE:VRTV) makes and sells packaging, printing, and other products. The firm’s shares have a 20% upside and the stock is quite cheap with a P/E ratio of 5.57. Baupost Group owned 3.3 million shares of the company that were worth $449 million as of March 2023. This also made the hedge fund Veritiv Corporation (NYSE:VRTV)’s largest shareholder. Including Mr. Klarman’s fund, 18 of the 943 hedge funds part of Insider Monkey’s database had also invested in the firm during the same time period.
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Follow Veritiv Corp (NYSE:VRTV)
4. Altice USA, Inc. (NYSE:ATUS)
Baupost Group’s Q1 2023 Investment: $16.3 million
Altice USA, Inc. (NYSE:ATUS) is a telecommunications firm that offers broadband, telephony, and other services. The firm announced in July 2023 that it had increased the footprint of its fiber network by providing access to nearly an additional two million people.
By the end of this year’s first quarter, 27 of the 943 hedge funds profiled by Insider Monkey had owned and invested in Altice USA, Inc. (NYSE:ATUS). Out of these, the firm’s largest shareholder is Cliff Asness’ AQR Capital Management courtesy of a stake worth $51 million.
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Follow Altice Usa Inc. (NYSE:ATUS)
3. Jazz Pharmaceuticals plc (NASDAQ:JAZZ)
Baupost Group’s Q1 2023 Investment: $70 million
A biotechnology firm, Jazz Pharmaceuticals plc (NASDAQ:JAZZ) has the second highest share price upside on our list, with analysts pegging it with an upside of 59%. It was a fresh addition to Baupost Group’s investment portfolio in Q1 2023, with the fund investing $70 million in the firm.
Along with Mr. Klarman’s fund, 40 of the 943 hedge funds profiled by Insider Monkey had also bought Jazz Pharmaceuticals plc (NASDAQ:JAZZ)’s during the first quarter. Bernard Horn’s Polaris Capital Management is the largest shareholder, courtesy of a $191 million stake.
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Follow Jazz Pharmaceuticals Plc (NASDAQ:JAZZ)
2. Gray Television, Inc. (NYSE:GTN)
Baupost Group’s Q1 2023 Investment: $32 million
Gray Television, Inc. (NYSE:GTN) is a television company that owns its own channels and broadcasts others as well. The firm renewed its CBS affiliations in June 2023. Baupost Group had a $32 million stake in the firm by the end of March 2023, with the shares having a sizeable upside of 48%.
27 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Gray Television, Inc. (NYSE:GTN)’s shares during Q1 2023, out of which the largest shareholder was Anand Desai’s Darsana Capital Partners with an investment of $40 million.
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Follow Gray Television Inc (NYSE:GTN)
1. Herbalife Ltd. (NYSE:HLF)
Baupost Group’s Q1 2023 Investment: $31 million
Herbalife Ltd. (NYSE:HLF) sells weight management, energy, and other associated products. It has the highest share price upside of 60% on our list, and the second lowest P/E ratio of 4.42.
As 2023’s first quarter ended, 27 of the 943 hedge funds profiled by Insider Monkey had held a stake in the firm. Herbalife Ltd. (NYSE:HLF)’s largest investor is William Duhamel’s Route One Investment Company courtesy of a $174 million stake.
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Follow Herbalife Ltd. (NYSE:HLF)
Disclosure: None. You can also take a look at 15 Stocks that will 10x in 5 Years and 15 High Growth Large Cap Stocks to Invest In.
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