In this piece, we will take a look at the five most undervalued stocks to buy that are trading under $20. If you want to learn more about how investing in undervalued stocks can yield a lot of benefits, then check out 10 Most Undervalued Stocks to Buy for Under $20.
5. Organon & Co. (NYSE:OGN)
Number of Q4 2023 Hedge Fund Shareholders: 30
Trailing P/E Ratio: 4.48
Latest Share Price: $17.86
Organon & Co. (NYSE:OGN) is a sizeable American healthcare company headquartered in Jersey City, New Jersey. It focuses primarily on women’s health products. The shares are rated Buy on average, and the average analyst share price target is $21.38.
30 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought Organon & Co. (NYSE:OGN)’s shares. Ken Griffin’s Citadel Investment Group owned the largest stake which was worth $60.7 million.
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Follow Organon & Co.
4. Vale S.A. (NYSE:VALE)
Number of Q4 2023 Hedge Fund Shareholders: 34
Trailing P/E Ratio: 6.45
Latest Share Price: $11.80
Vale S.A. (NYSE:VALE) is a sizeable Brazilian metals mining company that primarily deals with iron ore. 2024 is shaping up to be a crucial year for the firm as it is currently facing a $3.8 billion lawsuit that alleges it had a role to play in a Brazilian dam burst.
For their fourth quarter of 2023 shareholdings, 34 out of the 933 hedge funds covered by Insider Monkey’s research had invested in the firm. Vale S.A. (NYSE:VALE)s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management through its $288 million stake.
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Follow Vale S A (NYSE:VALE)
3. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)
Number of Q4 2023 Hedge Fund Shareholders: 36
Trailing P/E Ratio: 4.02
Latest Share Price: $15.49
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a state owned Brazilian oil and gas exploration and production company. It plays a crucial role in Brazilian politics and economy, and these days, word on the street is that Brazilian President de Silva might fire Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s CEO.
By the end of December 2023, 36 out of the 933 hedge funds part of Insider Monkey’s database were Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s shareholders. Rajiv Jain’s GQG Partners owned the biggest stake which was worth $3.4 billion.
Follow Petroleo Brasileiro Sa Petrobras (NYSE:PBR)
Follow Petroleo Brasileiro Sa Petrobras (NYSE:PBR)
2. Southwestern Energy Company (NYSE:SWN)
Number of Q4 2023 Hedge Fund Shareholders: 44
Trailing P/E Ratio: 5.33
Latest Share Price: $7.51
Southwestern Energy Company (NYSE:SWN) is a midsized American oil and gas exploration and production company headquartered in Spring, Texas. The firm has been doing well on the financial front as of late since it has beaten analyst EPS estimates in all four of its latest quarters.
After digging through 933 hedge fund portfolios for their fourth quarter of 2023 shareholdings, Insider Monkey found that 44 were the firm’s investors. Southwestern Energy Company (NYSE:SWN)’s largest hedge fund stakeholder is D. E. Shaw’s D E Shaw through its $157 million investment.
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Follow Southwestern Energy Co (NYSE:SWN)
1. Roivant Sciences Ltd. (NASDAQ:ROIV)
Number of Q4 2023 Hedge Fund Shareholders: 55
Trailing P/E Ratio: 5.33
Latest Share Price: $11.74
Roivant Sciences Ltd. (NASDAQ:ROIV) is a biotechnology company headquartered in London, the United Kingdom. It develops drugs for inflammatory diseases, colitis, and other ailments. Another highly rated stock, Roivant Sciences Ltd. (NASDAQ:ROIV)’s shares are rated Strong Buy on average. Its stock soared in April 2024 after the firm announced a massive $1.5 billion share buyback program and positive results for an eye infection drug.
55 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had invested in Roivant Sciences Ltd. (NASDAQ:ROIV). Daniel Gold’s QVT Financial owned the biggest stake which was worth $1.2 billion.
Follow Roivant Sciences Ltd.
Follow Roivant Sciences Ltd.
Disclosure: None. You can also take a look at the 12 Biggest Canadian Mining Companies and 11 Oversold Energy Stocks You Can Buy Right Now.
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