In this piece we will take a look at the top five stocks to buy under $20 according to Cliff Asness’ AQR Capital. If you want to learn about Mr. Asness, his firm and his other prominent stock picks, then head on over to 10 Stocks to Buy Under $20 According to Cliff Asness’ AQR Capital.
5. Fulton Financial Corporation (NASDAQ:FULT)
AQR Capital Management’s Stake Value: $26 million
Percentage of AQR Capital Management’s 13F Portfolio: 0.04%
Number of Hedge Fund Holders: 11
Share price on April 25, 2022: $15.89
Fulton Financial Corporation (NASDAQ:FULT) is a financial holding company that provides consumer banking and services. These include checking accounts, savings deposits, loans, lines of credit, and lease financing among others
AQR Capital Management owned 1.5 million Fulton Financial Corporation (NASDAQ:FULT) shares by the end of the fourth quarter of last year. These were worth $26 million and they represented 0.04% of its investment portfolio. Insider Monkey’s Q4 2021 survey of 924 hedge funds outlined that 11 had bought the bank’s shares.
Fulton Financial Corporation (NASDAQ:FULT) raked in $216 million in revenue and $0.38 in GAAP EPS for its first fiscal quarter, beating analyst GAAP estimates but missing them for revenue. DA Davidson increased the company’s share price target to $20 from $16 in January 2022, outlining that its interest income can rise.
Fulton Financial Corporation (NASDAQ:FULT)’s largest investor after AQR Capital is Ken Griffin’s Citadel Investment Group which owns one million shares that are worth $17 million.
4. Qurate Retail, Inc. (NASDAQ:QRTEA)
AQR Capital Management’s Stake Value: $28 million
Percentage of AQR Capital Management’s 13F Portfolio: 0.05%
Number of Hedge Fund Holders: 32
Share price on April 25, 2022: $4.22
Qurate Retail, Inc. (NASDAQ:QRTEA) is a video game and electronic commerce services provider based out of the United States that offers its services in North America, Europe, and Asia. These cover apparel products, accessories, beauty products, and others.
By the end of its fiscal fourth quarter, Qurate Retail, Inc. (NASDAQ:QRTEA) had earned $4.1 billion in revenue and $0.40 in non-GAAP EPS. BofA cut its price target to $6.30 from $11.50 in February 2022, stating competitive and management concerns are a bane for the company.
Mr. Asness’ investment firm held a $28 million stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by the end of the fourth quarter of last year. This came in the form of 3.6 million shares and it represented 0.05% of the firm’s investment portfolio. Insider Monkey’s Q4 2021 survey of 924 hedge funds outlined that 32 had also invested in the company.
Qurate Retail, Inc. (NASDAQ:QRTEA)’s largest investor is Bob Peck and Andy Raab’s FPR Partners which owns 19.6 million shares that are worth $149 million.
Weitz Investment Management mentioned the company in its fourth quarter 2021 investor letter. Here is what the fund said:
“Our process is designed to produce allweather portfolios composed of high-quality companies and led by management teams capable of navigating an uncertain future while growing the value of their businesses… We feel good about our prospects for the coming year.Retail sales at Qurate’s QVC and HSN businesses were more impacted by supply chain issues than investors anticipated, but the company continues to trade at an unassuming valuation.”
3. Sibanye Stillwater Limited (NYSE:SBSW)
AQR Capital Management’s Stake Value: $34 million
Percentage of AQR Capital Management’s 13F Portfolio: 0.06%
Number of Hedge Fund Holders: 10
Share price on April 25, 2022: $13.52
Sibanye Stillwater Limited (NYSE:SBSW) is a mining company based in South Africa. It operates mines in the U.S., South Africa, Zimbabwe, Canada, and Argentina. The company extracts precious metals such as gold and platinum from the Earth.
AQR Capital Management owned a $34 million stake in Sibanye Stillwater Limited (NYSE:SBSW) for its Q4 2021 portfolio. This came through owning 2.7 million shares and it represented 0.06% of its investments. For the same time period, Insider Monkey scanned 924 hedge fund holdings and discovered that 10 had bought the company’s shares.
Sibanye Stillwater Limited (NYSE:SBSW) raked in $11.6 billion in revenue and $3.44 Non-GAAP EPADR for its latest fiscal year. Citi set a ZAR 70 price target for the company in April 2022, citing the hope that its cash position could improve later this year.
Ryan Schedler and Bradley Shisler’s Condire Investors is Sibanye Stillwater Limited (NYSE:SBSW)’s largest investor through a $60 million stake that comes through 4.8 million shares.
2. Healthcare Services Group, Inc. (NASDAQ:HCSG)
AQR Capital Management’s Stake Value: $38 million
Percentage of AQR Capital Management’s 13F Portfolio: 0.07%
Number of Hedge Fund Holders: 22
Share price on April 25, 2022: $18.36
Healthcare Services Group, Inc. (NASDAQ:HCSG) is a housekeeping services provider headquartered in Bensalem, Pennsylvania. It provides management and other services to retirement homes, hospitals, and other facilities.
By the end of its fiscal first quarter, Healthcare Services Group, Inc. (NASDAQ:HCSG) had reported $426 million in revenue and $0.25 in GAAP EPS, for a strong set of results that beat Wall Street estimates for both. RBC Capital raised its price target to $20 from $17 in April 2022, as it highlighted that the higher price target includes cost reduction initiatives.
For its Q4 2021 investment portfolio, AQR Capital Management owned 2.2 million Healthcare Services Group, Inc. (NASDAQ:HCSG) shares that were worth $38 million and represented 0.07% of its portfolio. For the same time period, 22 of the 924 hedge funds analyzed by Insider Monkey had invested in the company.
Healthcare Services Group, Inc. (NASDAQ:HCSG)’s largest investor after AQR Capital is Tom Gayner’s Markel Gayner Asset Management which owns 1.1 million shares worth $20 million.
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.
