5 Best Single Digit Stocks To Invest In

In this piece, we will take a look at the five best single digit stocks to invest in. If you want to take a deeper look at what makes single digit stocks unique, then check out 12 Best Single Digit Stocks To Invest In.

5. Alight, Inc. (NYSE:ALIT)

Number of Hedge Fund Investors In Q4 2023: 39

Alight, Inc. (NYSE:ALIT) is a cloud computing firm that enables businesses to manage their employee perks, run payroll, and fine tune their cloud systems. It’s one of the strongest rated stocks on our list, as the shares are rated Strong Buy on average with an average analyst share price target of $12.2

39 out of the 933 hedge funds covered by Insider Monkey’s research had held a stake in the firm during Q4 2023. Bob Peck and Andy Raab’s FPR Partners was the largest Alight, Inc. (NYSE:ALIT) shareholder through its $240 million investment.

4. New York Community Bancorp, Inc. (NYSE:NYCB)

Number of Hedge Fund Investors In Q4 2023: 42

New York Community Bancorp, Inc. (NYSE:NYCB) is an American regional bank headquartered in Hickville, New York. It became one of the most watched stocks on the market earlier this year after its shares tumbled on the back of a surprising loss and a hefty allowance for bad office loans.

During 2023’s fourth and final quarter, 42 out of the 933 hedge funds tracked by Insider Monkey were New York Community Bancorp, Inc. (NYSE:NYCB)’s shareholders. Irving Kahn’s Kahn Brothers owned the biggest stake among these which was worth $63 million.

3. Southwestern Energy Company (NYSE:SWN)

Number of Hedge Fund Investors In Q4 2023: 44

Southwestern Energy Company (NYSE:SWN) is a Texas based oil and gas exploration and production firm. Its stock soared by 7% in late February after troubles in the natural gas market eased and prices jumped by 11% after tumbling for the previous few months.

Insider Monkey scoured through 933 hedge fund holdings for last year’s December quarter and found that 44 funds had invested in the firm. Southwestern Energy Company (NYSE:SWN)’s largest hedge fund shareholder is D. E. Shaw’s D E Shaw as it owns 24 million shares that are worth $157 million.

2. Transocean Ltd. (NYSE:RIG)

Number of Hedge Fund Investors In Q4 2023: 45

Transocean Ltd. (NYSE:RIG) is an industrial equipment operator that provides drilling, well management, and other related services to oil and gas producers. The firm has been struggling in a weak global oil industry as it has missed analyst EPS estimates in three out of its four latest quarters.

During December 2023, 45 out of the 933 hedge funds surveyed by Insider Monkey held a stake in Transocean Ltd. (NYSE:RIG). Dmitry Balyasny’s Balyasny Asset Management was the biggest investor due to its $44.9 million stake.

1. Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Number of Hedge Fund Investors In Q4 2023: 56

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is an American media and entertainment behemoth headquartered in New York City. The firm is creating all the hype that it can in the media these days, as analysts and journalists pour over reports that it is teaming up with Disney and Fox for a joint sports streaming initiative.

56 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database were Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s shareholders.

Disclosure: None. You can also take a look at 11 Best Small-Cap Growth Stocks to Invest In and 15 Biggest Silver Mining Companies in the World.

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