In this article, we will discuss the 5 stocks to buy today according to David Brown’s Hawk Ridge Management. If you want to read our detailed analysis of Brown’s history, investment philosophy, and hedge fund performance, go directly to the 10 Stocks to Buy Today According to David Brown’s Hawk Ridge Management.
5. Outfront Media Inc. (REIT) (NYSE:OUT)
Hawk Ridge Management Stake Value: $67,468,000
Percentage of Hawk Ridge Management’s 13F Portfolio: 4.84%
Number of Hedge Fund Holders: 31
Outfront Media Inc. (REIT) (NYSE:OUT), which provides advertising space leasing services on out-of-home advertising structures and websites, is one of the stocks to buy today according to David Brown’s Hawk Ridge Management. Ken Griffin’s Citadel Investment Group has the number one position in Outfront Media Inc., worth close to $82.06 million, according to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey. This represents 0.01% of Citadel Investment Group’s total 13F portfolio.
On November 12, Citi analyst Jason Bazinet raised his price target on Outfront Media to $31 from $28 and maintained a “Buy” rating on the shares. On November 4, Outfront Media Inc. reported results for the third quarter with revenue reaching $399.2 million, up 41.4% YoY. In addition, on October 26, the company announced a quarterly dividend of 10 cents per share, in line with the previous.
The hedge fund managed by David Brown owns more than 2.81 million shares in Outfront Media Inc. (REIT) (NYSE:OUT) worth over $67.45 million, representing close to 0.35% of their portfolio. The hedge fund has increased its stake in the firm by 375% in the second quarter of 2021.
4. Lithia Motors, Inc. (NYSE:LAD)
Hawk Ridge Management Stake Value: $70,074,000
Percentage of Hawk Ridge Management’s 13F Portfolio: 5.03%
Number of Hedge Fund Holders: 63
Lithia Motors, Inc. (NYSE:LAD) is an automotive retailer based in Oregon. The company announced its entry into the North American power-sports market on November 9 with the purchase of Pfaff Harley-Davidson in Toronto, Canada. LAD’s total estimated yearly revenue obtained in 2021 will be almost $6.3 billion due to this transaction.
In October, the firm announced its highest-ever third-quarter revenue and earnings per share. The company’s EPS came in at $11.21, surpassing the estimates by $1.91. Revenue over the period was $6.2 billion, up 71.3% YoY, beating the forecast by $450 million. The company also announced a quarterly dividend of $0.35 per share, in line with the previous.
In addition to the dividend, shares of the company rallied 9% in the last twelve months, and the company features on the list of the 10 stocks to buy today according to David Brown’s Hawk Ridge Management. At the end of the second quarter of 2021, 63 hedge funds in the database of Insider Monkey held stakes worth $2.92 billion in Lithia Motors, Inc. (NYSE:LAD), up from 40 in the preceding quarter worth $2.32 billion.
3. Ferguson plc (NYSE:FERG)
Hawk Ridge Management Stake Value: $93,346,000
Percentage of Hawk Ridge Management’s 13F Portfolio: 6.7%
Number of Hedge Fund Holders: 11
Ferguson plc (NYSE:FERG), which provides plumbing and heating equipment to professional contractors and customers, is also one of the stocks on the list of 10 stocks to buy today according to David Brown’s Hawk Ridge Management.
Ferguson plc shares have returned 49.75% to investors over the past twelve months. The stock is a new arrival on David Brown’s portfolio, as his hedge fund bought about 671,691 shares of the company, worth $93.35 million.
As of Q2 2021, 11 hedge funds tracked by Insider Monkey have positions in Ferguson plc (NYSE:FERG), compared with 5 in the previous quarter. The total value of these stakes is $6.88 billion. Out of the hedge funds being tracked by Insider Monkey, Trian Partners is a leading shareholder in the company with 12.73 million shares worth more than $1.77 billion.
2. LivaNova PLC (NASDAQ:LIVN)
Hawk Ridge Management Stake Value: $109,170,000
Percentage of Hawk Ridge Management’s 13F Portfolio: 7.84%
Number of Hedge Fund Holders: 36
LivaNova PLC (NASDAQ:LIVN) is a medical technology firm that develops and delivers therapeutic solutions for patients, healthcare professionals, and healthcare systems. The most significant stake in the company was held by Paradice Investment Management, which reported managing $98.28 million worth of stock at the end of the second quarter.
On November 3, Piper Sandler analyst Adam Maeder raised his price target on LivaNova to $105 from $100 and kept an “Overweight” rating on the shares post company’s Q3 results. In the third quarter of 2021, LivaNova PLC had an EPS of $0.68, beating estimates by $0.24. In addition, the company’s revenue was $253.2 million, up 5.5% year over year, beating estimates by $7.96 million.
LivaNova PLC (NASDAQ:LIVN) has experienced an increase in hedge fund sentiment in recent months. The company was in 36 hedge funds’ portfolios at the end of the second quarter of 2021. There were 28 hedge funds in our database with LIVN positions at the end of the first quarter.
1. Apollo Global Management, Inc. (NYSE:APO)
Hawk Ridge Management Stake Value: $112,650,000
Percentage of Hawk Ridge Management’s 13F Portfolio: 8.09%
Number of Hedge Fund Holders: 37
Apollo Global Management, Inc. (NYSE:APO), which specializes in alternative investment management, makes its way to the list of 10 stocks to buy today according to David Brown’s Hawk Ridge Management. On November 9, Argus analyst Stephen Biggar raised his price target on Apollo Global to $90 from $76 and maintained a “Buy” rating on the shares.
In the third quarter of 2021, Apollo Global Management, Inc. had an EPS of $1.71, beating the estimates by $0.61. In addition, the company’s management fees was $474.54 million, beating market predictions by $73.23 million.
Apollo Global Management, Inc. (NYSE:APO) was in 37 hedge funds’ portfolios at the end of the second quarter of 2021. There were 44 hedge funds in our database with Apollo Global Management, Inc. holdings at the end of the previous quarter.
You can also take a peek at 10 Best Solar Energy Stocks to Buy Today and 10 Stocks to Buy Today According to Phil Frohlich’s Prescott Group Capital Management
