5 Stocks Under $30 to Invest in According to Bruce Kovner’s Caxton Associates

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1. Equity Commonwealth (NYSE:EQC)

Caxton Associate’s Stake Value: $4.6 million

Percentage of Caxton Associates’s 13F Portfolio: 0.47%

Number of Hedge Fund Investors: 20

Stock Price as of May 17, 2022: $26.12

Equity Commonwealth (NYSE:EQC) is a real estate investment trust (REIT). It is headquartered in Chicago, Illinois, United States. The firm focuses on office properties and has control of more than a million square feet of space.

Mr. Kovner’s hedge fund held a $4.6 million stake in Equity Commonwealth (NYSE:EQC) during Q4 2021. This came in the form of 179,777 shares and it represented 0.47% of the firm’s investment portfolio. Insider Monkey scanned 924 hedge fund holdings for the same quarter to discover that 20 had owned a stake in the REIT.

Equity Commonwealth (NYSE:EQC)’s fiscal first quarter saw it rake in $16.7 million in revenue and $0.03 in FFO, for a strong beat in both metrics. The firm also announced a $150 million share repurchase as 2021 came to an end.

John W. Rogers’s Ariel Investments is Equity Commonwealth (NYSE:EQC)’s largest investor. It owns a $52 million stake that comes through holding two million shares.

Disclosure: None. You can also take a look at 10 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine and 15 Best Warren Buffett Stocks to Buy Now.

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