5 Best Cheap Stocks To Buy For Long Term

3. Hertz Global Holdings, Inc. (NASDAQ:HTZ)

Latest Price To Earnings Ratio: 4.84

Number of Hedge Fund Investors In Q3 2023: 42

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is an American car rental company with operations all over the world. The firm’s third quarter financials provided a troubling set of results as a price slash by Tesla, Inc. (NASDAQ:TSLA) led to its fleet devaluation.

During this year’s September quarter, 42 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Hertz Global Holdings, Inc. (NASDAQ:HTZ)’s shares. Out of these, the largest investor is Tom Wagner and Ara Cohen’s Knighthead Capital due to its $2.2 billion stake.

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