In this piece, we will take a look at the five oversold value stocks to buy now. If you want a deeper dive into oversold stocks and value stocks, then check out 11 Oversold Value Stocks To Buy Now.
5. Intercorp Financial Services Inc. (NYSE:IFS)
Number of Q4 2023 Hedge Fund Shareholders: 5
Latest RSI Score: 24.83
Trailing P/E Ratio: 9.43
Intercorp Financial Services Inc. (NYSE:IFS) is a Peru based regional bank headquartered in Lima, Peru. The firm’s latest earnings release, which saw it report PEN 1 billion in earnings for the full year 2023 was well received by investors as the stock soared by nearly 30% in the days following the release.
As of Q4 2023 end, five out of the 933 hedge funds profiled by Insider Monkey were Intercorp Financial Services Inc. (NYSE:IFS)’s investors. Hari Hariharan’s NWI Management owned the biggest stake which was worth $22.4 million.
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4. Greystone Housing Impact Investors LP (NYSE:GHI)
Number of Q4 2023 Hedge Fund Shareholders: N/A
Latest RSI Score: 23.86
Trailing P/E Ratio: 7.59
Greystone Housing Impact Investors LP (NYSE:GHI) is a financial services entity headquartered in Omaha, Nebraska. It operates primarily in the housing financing industry, by buying financial securities that are used to fund building projects such as multi family and student homes. The shares are rated buy on average, and the average analyst share price target is $19.39. The firm’s largest hedge fund shareholder in our database is Ken Griffin’s Citadel Investment Group due to its $474,821 stake.
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Follow Greystone Housing Impact Investors Lp (NASDAQ:GHI)
3. Globe Life Inc. (NYSE:GL)
Number of Q4 2023 Hedge Fund Shareholders: 32
Latest RSI Score: 19.46
Trailing P/E Ratio: 10.77
Globe Life Inc. (NYSE:GL) is an American insurance company headquartered in McKinney, Texas. It provides life, health, and other associated products. 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. The stock is targeted by activist short investors and they may be right about their claims regarding GL.
By the end of last year’s fourth quarter, 32 out of the 933 hedge funds profiled by Insider Monkey had bought and owned Globe Life Inc. (NYSE:GL)’s shares. We will find out in the coming weeks whether activist shorts or these 32 hedge funds were right about GL. You can enter your email below to get email alerts the next time we publish an article about GL.
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2. Lamb Weston Holdings, Inc. (NYSE:LW)
Number of Q4 2023 Hedge Fund Shareholders: 46
Latest RSI Score: 17.15
Trailing P/E Ratio: 10.35
Lamb Weston Holdings, Inc. (NYSE:LW) is an American food products company that sells items like potato chips. The fact that it’s an oversold stock is unsurprising after a recent share price bloodbath that ensued after Lamb Weston Holdings, Inc. (NYSE:LW) revealed that a software glitch would impact its 2024 financials.
Insider Monkey dug through 933 hedge fund portfolios for their December quarter of 2023 shareholdings to find 46 Lamb Weston Holdings, Inc. (NYSE:LW) shareholders. Andreas Halvorsen’s Viking Global was the largest investor due to its $383 million stake
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Follow Lamb Weston Holdings Inc. (NYSE:LW)
1. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)
Number of Q4 2023 Hedge Fund Shareholders: 8
Latest RSI Score: 14.55
Trailing P/E Ratio: 13.68
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) is an Indonesian telecommunications company headquartered in Bandung, Indonesia. 2024 has been a busy year for the firm as it has seen it sign deals to boost agriculture, launch a new marketplace, and enter an alliance for an internet exchange.
Eight out of 933 hedge funds part of Insider Monkey’s Q4 2023 database had invested in the firm. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)’s biggest hedge fund shareholder is Jim Simons’s Renaissance Technologies as it owns $101 million worth of shares.
Follow Perusahaan P P P T Telekom Indo (NYSE:TLK)
Follow Perusahaan P P P T Telekom Indo (NYSE:TLK)
Disclosure: None. You can also take a look at the 22 Best Whiskeys Under $50 in 2024 and 11 Oversold Energy Stocks You Can Buy Right Now.
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