5 Dirt Cheap Stocks To Buy

In this piece, we will take a look at five dirt cheap stocks to buy. If you want to take a look at what’s happening in the industry right now, then head on over to 11 Dirt Cheap Stocks To Buy.

5. Banco Santander, S.A. (NYSE:SAN)

Latest P/E Ratio: 5.08

Latest Share Price: $3.75

Banco Santander, S.A. (NYSE:SAN) is a Spanish diversified bank with more than two hundred thousand employees. The bank is currently taking advantage of high interest rates, by offering customers a 5.2% interest rate on savings accounts with withdrawal access.

By the end of Q2 2023, 16 out of the 910 hedge funds part of Insider Monkey’s database had bought Banco Santander, S.A. (NYSE:SAN)’s shares. Out of these, the firm’s biggest investor is John W. Rogers’ Ariel Investments since it owns 1.3 million shares that are worth $25.5 million.

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4. Lufax Holding Ltd (NYSE:LU)

Latest P/E Ratio: 3.84

Latest Share Price: $1.30

Lufax Holding Ltd (NYSE:LU) is a Chinese loan provider that serves the needs of institutional and retail customers. The firm’s shares are rated Buy on average, but Goldman Sachs kept the share rating to Neutral in an analyst note released during August 2023.

After looking through 910 hedge fund portfolios for this year’s second quarter, Insider Monkey discovered that 16 had held a stake in the company. Lufax Holding Ltd (NYSE:LU)’s largest shareholder in our database is Thomas Steyer’s Farallon Capital through a stake worth $28.5 million.

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3. Baytex Energy Corp. (NYSE:BTE)

Latest P/E Ratio: 6.02

Latest Share Price: $4.18

Baytex Energy Corp. (NYSE:BTE) is a Canadian oil and gas exploration and production company with operations in its home country and in the U.S. Despite the turmoil in the energy sector this year, the firm has beaten analyst EPS estimates in three out of four of its latest quarters, including a Q2 2023 beat by 28 cents.

During the same time period, 17 out of the 910 hedge funds surveyed by Insider Monkey had bought Baytex Energy Corp. (NYSE:BTE)’s shares. Vince Maddi and Shawn Brennan’s SIR Capital Management is the company’s biggest investor since it owns $24 million worth of shares.

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2. W&T Offshore, Inc. (NYSE:WTI)

Latest P/E Ratio: 9.54

Latest Share Price: $4.39

W&T Offshore, Inc. (NYSE:WTI) is an American company headquartered in Houston, Texas. Despite a mixed bag of earnings performance this year, the firm’s shares are rated Strong Buy on average and the shares are down 16% year to date. More than 80% of its shares are owned by either insiders or institutional investors, making the share price susceptible to sharp movements.

After scouring through 910 hedge funds for their second quarter of 2023 investments, Insider Monkey discovered that 18 had invested in the company. W&T Offshore, Inc. (NYSE:WTI)’s largest hedge fund shareholder is Joe Huber’s Huber Capital Management through a $8.6 million investment.

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1. Community Health Systems, Inc. (NYSE:CYH)

Latest P/E Ratio: 5.03

Latest Share Price: $3.57

Community Health Systems, Inc. (NYSE:CYH) is an American hospital operator with more than ten thousand beds in its portfolio. The firm’s second quarter results saw its revenues remain flat during the first half of the year and a significantly lower loss when compared to the year ago figures.

22 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Community Health Systems, Inc. (NYSE:CYH) as of Q2 2023. Kamran Moghtaderi’s Eversept Partners is the biggest investor among these since it owns 7.2 million shares that are worth $32 million.

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Disclosure: None.  You can also take a look at 18 Biggest Generative AI Companies In The World and Goldman Sachs Dividend Stocks: Top 12 Stock Picks.

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