In this article, we will discuss the 5 stocks to buy according to British-Australian billionaire Michael Hintze. If you want to read our detailed analysis of Hintze’s history, investment philosophy, and hedge fund performance, go directly to the 10 Stocks to Buy According to British-Australian Billionaire Michael Hintze.
5. Under Armour, Inc. (NYSE:UA)
Hintze’s Stake Value: $36,682,000
Percentage of Michael Hintze’s 13F Portfolio: 2.03%
Number of Hedge Fund Holders: 51
Under Armour, Inc. (NYSE:UA) produces, markets, and distributes branded performance clothing, footwear, and accessories through its subsidiaries. The company was founded in 1996 and is ranked fifth on the list of 10 stocks to buy according to British-Australian billionaire Michael Hintze.
On August 4, Cowen analyst John Kernan raised his price target on Under Armour, Inc. (NYSE:UA) to $33 from $31 and kept an “Outperform” rating on the shares.
4. Liberty Global plc (NASDAQ:LBTYA)
Hintze’s Stake Value: $36,874,000
Percentage of Michael Hintze’s 13F Portfolio: 2.04%
Number of Hedge Fund Holders: 30
Liberty Global plc (NASDAQ:LBTYA) and its subsidiaries provide broadband internet, video, fixed-line telephony, and mobile communications services. It was founded in 2004 and is ranked fourth on the list of 10 stocks to buy according to British-Australian billionaire Michael Hintze. Liberty Global plc (NASDAQ:LBTYA) currently has a Ksh4.16 billion market capitalization.
Michael Hintze holds 1.36 million shares in Liberty Global plc (NASDAQ:LBTYA), worth over $36.87 million, representing 2.04% of their portfolio. The hedge fund has increased its stake in the firm by 27% in the second quarter of 2021. In addition, there were 30 hedge funds in our database that held stakes in Liberty Global plc (NASDAQ:LBTYA) in the second quarter of 2021, compared to 35 hedge funds in the previous quarter.
3. Citigroup Inc. (NYSE:C)
Hintze’s Stake Value: $40,112,000
Percentage of Michael Hintze’s 13F Portfolio: 2.22%
Number of Hedge Fund Holders: 87
Citigroup Inc. (NYSE:C) is a global investment bank and financial services firm.
On July 15, Piper Sandler analyst Jeffery Harte lowered his price target on Citigroup Inc. (NYSE:C) to $91 from $95 and maintained an “Overweight” rating on the shares after second-quarter strong results. While the stock dropped after management raised its expense forecast for the year, Harte says in a research note that the guidance is relatively consistent with management’s statements at an industry conference last month.
Artisan Partners Limited Partnership, in its fourth-quarter 2020 investor letter, mentioned Citigroup Inc. (NYSE:C). Here is what the fund said:
“We fully exited position in Citigroup. Global financial services company Citigroup made a $900 million clerical error and received a public reprimand from federal regulators. This, after a decade focused on process control, information technology and risk systems, makes the error substantially more costly than just the $900 million mistake. Regulators believe the company’s risk management improvements have fallen short of expectations. To rectify the situation, a process and technology spending surge could negatively affect 2021-2022 profits by 10% to 20%. Trust and confidence are important in large financial institutions, and this incident combined with the CEO’s sudden retirement shook ours.”
2. Fox Corporation (NASDAQ:FOX)
Hintze’s Stake Value: $43,755,000
Percentage of Michael Hintze’s 13F Portfolio: 2.43%
Number of Hedge Fund Holders: 35
Fox Corporation (NASDAQ:FOX) is a news, sports, and entertainment company. The company was incorporated in 2018 and is ranked second on the list of 10 stocks to buy according to British-Australian billionaire Michael Hintze. Shares of Fox Corporation (NASDAQ:FOX) rallied 33.97% in the last 12 months.
On August 5, Guggenheim analyst Michael Morris upgraded Fox Corporation (NASDAQ:FOX) to “Buy” from “Neutral” with a price target of $41.
Silver Ring Value Partners, in their fourth-quarter 2020 investor letter, mentioned Fox Corp (NASDAQ:FOX). Here is what the fund said:
“I sold our investment in FOX during the quarter at a small loss and redeployed the proceeds into shares of Discovery Communications and Mednax. The main reason for my sale was a new competitive threat, which widened the range of likely company outcomes. Furthermore, it added a competitive threat to the existing threat of secular decline that the industry is already battling to overcome. The probability of being right on having two independent things work out for the company is much lower than of it overcoming just one problem.
Fox Corp gets a substantial majority of its profits from Fox News. This is a network with very inelastic demand which has appeal to the ~45% of the country with conservative political views. With President Trump having lost the election, he began to agitate his supporters to switch viewership to more right-wing news outlets that were being more supportive of him and his claims about the election. Furthermore, there has been talk of him launching or backing a competing network, fracturing the conservative audience.…”(Click here to see the full text)
1. Discovery, Inc. (NASDAQ:DISCK)
Hintze’s Stake Value: $44,219,000
Percentage of Michael Hintze’s 13F Portfolio: 2.45%
Number of Hedge Fund Holders: 35
Discovery, Inc. (NASDAQ:DISCK) is a media corporation, which distributes content in about 50 languages through multiple distribution channels across the world. The company was founded in 1985 and is placed first on the list of 10 stocks to buy according to British-Australian billionaire Michael Hintze. Discovery, Inc. (NASDAQ:DISCK) shares have returned 26.86% to investors over the course of the past 12 months.
The hedge fund chaired by Michael Hintze holds 1.53 million shares in Discovery, Inc. (NASDAQ:DISCK) worth over $44.22 million. Out of the hedge funds being tracked by Insider Monkey, D E Shaw is a leading shareholder in Discovery, Inc. (NASDAQ:DISCK), with 5.69 million shares worth more than $165.02 million.
In its second-quarter 2021 investor letter, Smead Capital Management mentioned Discovery, Inc. (NASDAQ:DISCK). Here is what the fund said:
“We were most negatively affected by Discovery’s (DISCK) stock backing off from their meme-stock fame of the first quarter. Their share price then weakened further by announcing a merger with Warner Media to aggregate the best of unscripted TV shows with the best of sports and scripted TV and movies.”
You can also take a peek at 10 Best Healthcare Stocks to Buy According to Matthew Halbower’s Pentwater Capital Management and 10 Large-Cap Stocks to Buy According to Anand Parekh’s Alyeska Investment Group
