In this piece, we will take a look at the five stocks under $20 to buy today according to Nishkama Capital. If you want to learn more about the investment firm and its founder, then take a look at 9 Stocks Under $20 to Buy Today According to Nishkama Capital.
5. VIZIO Holding Corp. (NYSE:VZIO)
Nishkama Capital’s Stake Value: $1.3 million
Percentage of Nishkama Capital’s 13F Portfolio: 0.31%
Number of Hedge Fund Investors: 19
Stock Price as of May 16, 2022: $8.4
VIZIO Holding Corp. (NYSE:VZIO) is an American consumer technology and electronics company that is headquartered in Irvine, California. The firm provides several gadgets such as smart televisions, speakers, and sound bars. It also provides software for its televisions.
Nishkama Capital owned 65,918 VIZIO Holding Corp. (NYSE:VZIO) shares during Q4 2021 for a $1.3 million stake that made up 0.31% of its investment portfolio. During the same time period, 19 of the 924 hedge funds polled by Insider Monkey had also invested in the company.
VIZIO Holding Corp. (NYSE:VZIO) raked in $485 million in revenue and -$0.06 in GAAP EPS for its first fiscal quarter, beating analyst revenue estimates but missing them for EPS. Piper Sandler lowered the company’s price target to $15 from $21 in May 2022, stating that peer multiple reset influenced the decision.
VIZIO Holding Corp. (NYSE:VZIO)’s largest investor is Steven Ng and Andrew Mitchell’s Ophir Asset Management which owns 1.2 million shares that are worth $23 million.
4. Clarivate Plc (NYSE:CLVT)
Nishkama Capital’s Stake Value: $2.3 million
Percentage of Nishkama Capital’s 13F Portfolio: 0.57%
Number of Hedge Fund Investors: 42
Stock Price as of May 16, 2022: $14.35
Clarivate Plc (NYSE:CLVT) is a British information services and analytics company which offers services in the fields of drug discovery, scientific research, evaluating new products, and regulatory approval. The company is based in London.
Clarivate Plc (NYSE:CLVT) earned $663 million in revenue and $0.21 in non-GAAP EPS for its fiscal Q1, beating analyst estimates for EPS only. Stifel lowered its price target to $19 from $24 in March 2022, stating that its share price drops are not tied to fundamentals.
Nishkama Capital held a $2.3 million stake in Clarivate Plc (NYSE:CLVT) as the fourth quarter of last year came to an end. It came in the form of 100,000 shares and represented 0.57% of the firm’s portfolio. Insider Monkey’s 924 hedge fund survey for the same time period revealed that 42 had also invested in the company.
Clarivate Plc (NYSE:CLVT)’s largest investor is Leonard Green’s Leonard Green & Partners which owns a $2.7 billion stake that comes through 116 million shares.
3. Barnes & Noble Education, Inc. (NYSE:BNED)
Nishkama Capital’s Stake Value: $4.9 million
Percentage of Nishkama Capital’s 13F Portfolio: 1.2%
Number of Hedge Fund Investors: 16
Stock Price as of May 16, 2022: $2.47
Barnes & Noble Education, Inc. (NYSE:BNED) is an American bookstore company that is headquartered in Basking Ridge, New Jersey. The company operates both physical and virtual bookstores and it sells and rents textbooks for schools, colleges and university campuses.
Mr. Mehta’s investment firm owned 719,978 Barnes & Noble Education, Inc. (NYSE:BNED) shares as the fourth quarter of last year came to an end. These were worth $4.9 million. Insider Monkey’s Q4 2021 survey of 924 hedge funds revealed that 16 had also invested in the company.
Barnes & Noble Education, Inc. (NYSE:BNED)’s Q3 earnings results saw it post $402 million in revenue and -$0.71 in GAAP EPS, missing analyst estimates for both metrics. Needham lowered the company’s price target to $6 from $11 in March 2022, outlining that COVID delays and remote learning had harmed the company.
Scott Stewart Miller’s Greenhaven Road Investment Management is Barnes & Noble Education, Inc. (NYSE:BNED)’s largest investor through a $14 million stake that comes through owning 2 million shares.
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.
1. Flex Ltd. (NASDAQ:FLEX)
Nishkama Capital’s Stake Value: $77 million
Percentage of Nishkama Capital’s 13F Portfolio: 19.05%
Number of Hedge Fund Investors: 43
Stock Price as of May 16, 2022: $16.11
Flex Ltd. (NASDAQ:FLEX) is a Singaporean firm that provides engineering, design, manufacturing and supply chain services to original equipment manufacturers (OEMs). It also offers charges for several gadgets and power management products for data centers.
Mr. Mehta’s hedge fund owned 4.2 million Flex Ltd. (NASDAQ:FLEX) shares during 2021’s final quarter, allowing it to hold a $77 million stake in the company. Insider Monkey scanned 924 Q4 2021 hedge fund holdings to discover that 43 had also invested in the company.
Flex Ltd. (NASDAQ:FLEX)’s fourth fiscal quarter results saw it post $6.9 million in revenue and $0.52 in non-GAAP EPS, beating analyst estimates for both. Craig-Hallum reduced the company’s price target to $25 from $31 in January 2022 outlining that supply chain tightness will continue until the second half of this year.
Flex Ltd. (NASDAQ:FLEX)’s largest investor is Andrew Wellington and Jeff Keswin’s Lyrical Asset Management which owns 13.5 million shares that are worth $248 million.
Disclosure: None. You can also take a look at 15 Most Valuable UK Companies in the World and 10 Best Solar Energy Stocks To Buy Now.
