5 Stocks Under $20 to Buy Today According to Nishkama Capital

2. Celestica Inc. (NYSE:CLS)

Nishkama Capital’s Stake Value: $20 million

Percentage of Nishkama Capital’s 13F Portfolio: 5%

Number of Hedge Fund Investors: 20

Stock Price as of May 16, 2022: $10.6

Celestica Inc. (NYSE:CLS) is a supply chain software and services provider headquartered in Toronto, Canada. The company offers a variety of services such as supply chain design, engineering, sourcing, manufacturing, assembly, and systems integration.

As its fiscal first quarter came to an end, Celestica Inc. (NYSE:CLS) had posted $1.5 billion in revenue and $0.39 in non-GAAP EPS, for a strong set of results that beat analyst estimates for both metrics. Canaccord raised the company’s price target to $13.5 from $12 in January 2022, stating that the company has a strong order backlog.

Nishkama Capital owned a $20 million stake in Celestica Inc. (NYSE:CLS) for its Q4 2021 holdings, which came through the investment firm holding 1.8 million shares of the company. Insider Monkey’s 924 hedge fund survey covering the same time period revealed that 20 had also invested in the company.

Celestica Inc. (NYSE:CLS)’s largest investor is Richard S. Pzena’s Pzena Investment Management which owns 7.5 million shares worth $84 million.