5 New Stock Picks of Billionaire David Harding

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1. First Horizon Corporation (NYSE:FHN)

Number of Hedge Fund Holders: 44

First Horizon Corporation (NYSE:FHN) is an American bank holding company that operates via Regional Banking, Specialty Banking, and Corporate segments. Its primary subsidiary is First Horizon Bank. David Harding’s hedge fund purchased 515,447 shares of First Horizon Corporation (NYSE:FHN) in Q1 2022, worth $12.10 million. 

On April 26, First Horizon Corporation (NYSE:FHN) declared a quarterly dividend of $0.15 per share. The dividend is distributable on July 1, to shareholders of the company as of June 10. 

The company reported its Q1 results on April 19, posting earnings per share of $0.38, beating market consensus estimates by $0.03. The revenue of $704 million, however, fell short of analysts’ predictions by $3.92 million. 

In Q1 2022, 44 hedge funds reported long positions in First Horizon Corporation (NYSE:FHN), up from 24 funds in the last quarter. Simon Sadler’s Segantii Capital is the leading shareholder of the company, with 10.7 million shares worth $253.19 million. 

You can also take a look at 10 Best Micro-Cap Stocks to Buy According to Hedge Funds and Top 10 Small-Cap Stocks Added to Billionaire Mario Gabelli’s Portfolio.

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