5 Stocks to Buy Under $20 According to Cliff Asness’ AQR Capital

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1. Tri Pointe Homes, Inc. (NYSE:TPH)

AQR Capital Management’s Stake Value: $41 million

Percentage of AQR Capital Management’s 13F Portfolio: 0.07% 

Number of Hedge Fund Holders: 29

Share price on April 25, 2022: $19.25

Tri Pointe Homes, Inc. (NYSE:TPH) is an American home designer, builder, and seller. It is headquartered in Irvine, California and has a vast portfolio of brand names.

Mr. Asness’ investment firm held a $41 million stake in Tri Pointe Homes, Inc. (NYSE:TPH) as the fourth quarter of 2021 came to an end. It came in the form of it owning 1.4 million shares and represented 0.07% of its investment portfolio. Insider Monkey’s Q4 2021 924 hedge fund poll revealed that 29 had invested in the company.

Tri Pointe Homes, Inc. (NYSE:TPH) raked in $727 million in revenue and $0.81 in GAAP EPS for its fiscal first quarter, beating Wall Street estimates for both. B. Riley lowered its price target to $26 from $28 in April 2022 citing supply chain constraints as the reason.

Peter Rathjens, Bruce Clarke, and John Campbel’s Arrowstreet Capital is Tri Pointe Homes, Inc. (NYSE:TPH)’s largest investor after AQR Capital. It has a $34.6 million stake, which comes via owning 1.2 million shares.

Disclosure: None. You can also take a look at 10 Dividend Stocks to Buy According to Billionaire Jeffrey Talpins and 12 Best Large-cap Biotech Stocks To Buy Now.

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