In this article, we discuss the 4 stock picks of ESG investor Jeffrey Ubben. If you want to read our detailed analysis of these stocks, go directly to the 9 Stock Picks of ESG Investor Jeffrey Ubben.
4. AppHarvest, Inc. (NASDAQ:APPH)
Number of Hedge Fund Holders: 11
AppHarvest, Inc. (NASDAQ:APPH) operates in the agricultural products industry. Regulatory filings show that Inclusive Capital owned 8.7 million shares in the company at the end of the third quarter of 2021 worth over $57 million, representing 6.26% of the portfolio.
Oppenheimer analyst Kristen Owen recently initiated coverage of AppHarvest, Inc. (NASDAQ:APPH) stock with an Outperform rating and a price target of $10, noting that the firm was a leader in greenhouse construction and operations.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in AppHarvest, Inc. (NASDAQ:APPH) with 682,751 shares worth more than $4.4 million.
3. Ingevity Corporation (NYSE:NGVT)
Number of Hedge Fund Holders: 24
Ingevity Corporation (NYSE:NGVT) markets specialty chemicals. It recently posted earnings for the third quarter, reporting earnings per share of $1.62, beating estimates by $0.08. The revenue over the period was $376 million, up 13% year-on-year.
According to the latest data, Inclusive Capital owned 775,299 shares in Ingevity Corporation (NYSE:NGVT) at the end of September 2021 worth $55 million, representing 6.04% of the portfolio.
At the end of the third quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $302 million in Ingevity Corporation (NYSE:NGVT), down from 21 in the preceding quarter worth $316 million.
2. Unifi, Inc. (NYSE:UFI)
Number of Hedge Fund Holders: 13
Unifi, Inc. (NYSE:UFI) makes and sells recycled and synthetic products. Securities filings show that Inclusive Capital owned 1.4 million shares in the company at the end of the third quarter of 2021 worth $31 million, representing 3.39% of the portfolio.
Rising sales in Asia and Brazil have helped Unifi, Inc. (NYSE:UFI) beat market expectations on earnings per share and revenue for the third quarter by $0.17 and $7 million respectively. The firm has also recently raised guidance for the upcoming fiscal year.
Among the hedge funds being tracked by Insider Monkey, New York-based firm Impala Asset Management is a leading shareholder in Unifi, Inc. (NYSE:UFI) with 1.4 million shares worth more than $31 million.
1. Strategic Education, Inc. (NASDAQ:STRA)
Number of Hedge Fund Holders: 16
Strategic Education, Inc. (NASDAQ:STRA) is a Virginia-based education services firm. Inclusive Capital owned 1.5 million shares in the company at the end of September 2021 worth $107 million, representing 11.69% of the portfolio of the fund.
BMO Capital analyst Jeffrey Silber has an Outperform rating on Strategic Education, Inc. (NASDAQ:STRA) stock with a price target of $76. The analyst, in an investor note penned recently, highlighted the potential of the “differentiated” product of the firm amid “intense” competition.
At the end of the third quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $150 million in Strategic Education, Inc. (NASDAQ:STRA), up from 13 the preceding quarter worth $170 million.
You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.
