5 Undervalued Stocks to Buy According to Billionaire Joel Greenblatt

3. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 53 

PE Ratio: 3.74   

Ford Motor Company (NYSE:F) is a Michigan-based automobile manufacturer. Latest data shows that Greenblatt’s fund owned 459,104 shares in the company at the end of December 2021 worth $9.5 million, representing 0.30% of the portfolio. The fund slightly increased its stake in the firm during the fourth quarter compared to third quarter filings. 

Ford Motor Company (NYSE:F) has intermittently featured in the Gotham portfolio since the second quarter of 2015. Back then, the position consisted of 639,000 shares bought at an average price of $15.50. The share price has increased only moderately since then. 

At the end of the fourth quarter of 2021, 53 hedge funds in the database of Insider Monkey held stakes worth $1.7 billion in Ford Motor Company (NYSE:F), compared to 51 in the preceding quarter worth $1.6 billion.