In this article, we discuss the top 6 stocks to buy today according to Stephen Feinberg’s Cerberus Capital Management. If you want to skip our detailed analysis of Feinberg’s history, investment philosophy, and hedge fund performance, go directly to the Top 3 Stocks to Buy Today According to Stephen Feinberg’s Cerberus Capital Management.
Stephen Feinberg is a Princeton University graduate. He worked as a trader at Drexel Burnham Lambert, where he was in charge of significant pools of company cash. From 1985 through 1992, he managed distinct pools of funds for Gruntal & Co. and a few other accounts. Stephen Feinberg and William L. Richter founded Cerberus Capital Management in 1992 with $10 million. Currently, Stephen Feinberg is the Co-Chief Executive Officer of Cerberus Capital Management. In addition, Stephen Feinberg was appointed to lead former President Trump’s intelligence advisory council in May 2018.
Cerberus Capital Management is a distressed investing private equity firm based in the United States. The hedge fund’s headquarters are in New York City. The hedge fund is known for its massive presence in the private equity market. Still, it also manages a mid-sized equity portfolio concentrating on the services and industrial sectors.
Albertsons Companies, Inc. (NYSE:ACI) and Deutsche Bank Aktiengesellschaft (NYSE:DB) are among the most notable stocks in Stephen Feinberg’s Cerberus Capital Management Q4 portfolio.
Stephen Feinberg of Cerberus Capital Management
Our Methodology
Let’s start our list of top 6 stocks to buy today according to Stephen Feinberg’s Cerberus Capital Management. We used the fourth quarter portfolio of Feinberg for this analysis. The number of hedge funds that own holdings in each company was determined using data from 924 top hedge funds monitored by Insider Monkey.
Top Stocks to Buy Today According to Stephen Feinberg’s Cerberus Capital Management
6. Zeta Global Holdings Corp. (NYSE:ZETA)
Cerberus Capital Management Stake Value: $1,447,000
Percentage of Cerberus Capital Management’s 13F Portfolio: 0.02%
Number of Hedge Fund Holders: 15
Zeta Global Holdings Corp. (NYSE:ZETA) is a marketing technology software firm specializing in providing consumer information and marketing automation tools to businesses. GPI Capital is Zeta Global Holdings Corp. (NYSE:ZETA)’s largest shareholder, with shares worth $170.40 million.
Zeta Global Holdings Corp. (NYSE:ZETA) purchased ArcaMax, an email newsletter publishing company that serves millions of subscribers with news and features, on March 23.
In addition, Jason Kreyer of Craig-Hallum initiated coverage of Zeta Global Holdings Corp. (NYSE:ZETA), rating the stock as Buy and giving a price target of $14 on February 7.
At the end of the fourth quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $204.27 million in Zeta Global Holdings Corp. (NYSE:ZETA), up from 11 the preceding quarter worth $12.48 million.
Zeta Global Holdings Corp. (NYSE:ZETA) is one of the stocks gaining the attention of Stephen Feinberg, alongside Albertsons Companies, Inc. (NYSE:ACI) and Deutsche Bank Aktiengesellschaft (NYSE:DB).
5. Altice USA, Inc. (NYSE:ATUS)
Cerberus Capital Management Stake Value: $8,433,000
Percentage of Cerberus Capital Management’s 13F Portfolio: 0.13%
Number of Hedge Fund Holders: 50
Altice USA, Inc. (NYSE:ATUS) provides internet, pay television, telephone, proprietary content, and advertising services in the United States. According to Insider Monkey’s database, 50 hedge funds had a stake in Altice USA, Inc. (NYSE:ATUS) as of Q4 2021. The total value of their holdings was $842.43 million. HG Vora Capital Management is the leading shareholder of Altice USA, Inc. (NYSE:ATUS), with a stake worth over $161.80 million.
Analyst Nick Lyall of Societe Generale downgraded Altice USA, Inc. (NYSE:ATUS) from Buy to Hold with a price target of $12 on February 23. In a research report, the analyst warned investors that competition had hindered growth and encouraged management to speed up the fiber roll-out.
Cerberus Capital Management first bought a stake in Altice USA, Inc. (NYSE:ATUS) in the third quarter of 2021. In the fourth quarter, Stephen Feinberg loaded up on Altice USA, Inc. (NYSE:ATUS), increasing his hold in the company by a whopping 595%. Cerberus Capital Management owns 521,207 shares of the company, worth $8.43 million.
4. NexTier Oilfield Solutions Inc. (NYSE:NEX)
Cerberus Capital Management Stake Value: $112,491,000
Percentage of Cerberus Capital Management’s 13F Portfolio: 1.84%
Number of Hedge Fund Holders: 16
NexTier Oilfield Solutions Inc. (NYSE:NEX) is a firm that provides oilfield services. Completion solutions, wire line, pump down, hydraulic fracturing, coiled tubing, cementing, rig services, special services, and fluids management services are among the services it provides. Susquehanna analyst Charles Minervino boosted his price objective for NexTier Oilfield Solutions Inc. (NYSE:NEX) to $9.00 from $7.70 on March 4 and maintained a Neutral rating on the stock.
Based on its 13F holdings for the fourth quarter of 2021, Cerberus Capital Management owns 33.36 million shares in NexTier Oilfield Solutions Inc. (NYSE:NEX), valued at $112.49 million. Stephen Feinberg’s Cerberus Capital Management is the most significant stakeholder of NexTier Oilfield Solutions Inc. (NYSE:NEX).
16 out of the 924 hedge funds held stakes in NexTier Oilfield Solutions Inc. (NYSE:NEX) in the fourth quarter of 2021, worth $193.39 million, down from 21 funds in the preceding quarter, holding stakes in NexTier Oilfield Solutions Inc. (NYSE:NEX) valued at $262.63 million.
In addition to Albertsons Companies, Inc. (NYSE:ACI) and Deutsche Bank Aktiengesellschaft (NYSE:DB), NexTier Oilfield Solutions Inc. (NYSE:NEX) is a notable holding in Stephen Feinberg’s Q4 portfolio.
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Disclosure: None. Top 6 Stocks to Buy Today According to Stephen Feinberg’s Cerberus Capital Management is originally published on Insider Monkey.
