In this article, we take a look at the five best stocks to buy according to Ed Bosek’s BeaconLight Capital. To find out about more stocks, head on over to 10 Best Stocks to Buy According to Ed Bosek’s BeaconLight Capital.
5. Constellium SE (NYSE:CSTM)
BeaconLight Capital’s Stake Value: $12.3 million
Percentage of BeaconLight Capital’s 13F Portfolio: 5.74%
Number of Hedge Fund Holders: 27
Constellium SE (NYSE:CSTM) is a French specialty rolled aluminum products manufacturer and seller that is headquartered in Paris. The firm serves the needs of several industries such as automotive, aerospace, and packaging.
BeaconLight Capital held a $12.3 million stake in Constellium SE (NYSE:CSTM) as part of its Q2 2022 investments. This came in the form of 937,878 shares and it represented 5.74% of the firm’s investment portfolio. Insider Monkey’s 895 hedge fund survey for this year’s June quarter outlined that 27 had also held a stake in the company.
Constellium SE (NYSE:CSTM) won a big contract in September 2022 when it announced that it is supplying aluminum for Mercedes Benz C Class manufacturing in Europe. The aluminum will be used in the car’s hood, tailgate, fender, and roof. Deutsche Bank reduced the company’s share price target to $22 from $25 in September 2022, cautioning about cost pressures.
Constellium SE (NYSE:CSTM)’s largest investor in our database is Jared Nussbaum’s Nut Tree Capital which owns 4.2 million shares that are worth $56 million.
4. Sabre Corporation (NASDAQ:SABR)
BeaconLight Capital’s Stake Value: $13.9 million
Percentage of BeaconLight Capital’s 13F Portfolio: 6.48%
Number of Hedge Fund Holders: 38
Sabre Corporation (NASDAQ:SABR) is a software and technology services solutions provider for the global travel industry. The firm is headquartered in Southlake, Texas, the United States.
Sabre Corporation (NASDAQ:SABR) is one of the three key players in the global distribution system (GDS) market that connects wholesale travel suppliers and buyers. Mizuho reduced the company’s share price target to $7 from $8 in September 2022, as it worried about a drop in global bookings this year.
BeaconLight Capital owned 2.3 million Sabre Corporation (NASDAQ:SABR) shares as part of its investments for this year’s second quarter. This allowed it to own a $13.9 million stake in the company. For the same time period, 38 of the 895 hedge funds polled by Insider Monkey had also invested in the firm.
Sabre Corporation (NASDAQ:SABR)’s largest investor is Terry Smith’s Fundsmith LLP which owns 22 million shares that are worth $130 million.
3. General Motors Company (NYSE:GM)
BeaconLight Capital’s Stake Value: $14.3 million
Percentage of BeaconLight Capital’s 13F Portfolio: 6.67%
Number of Hedge Fund Holders: 75
General Motors Company (NYSE:GM) is a renowned American car manufacturer that has been in business since 1908. The firm manufactures and sells a variety of vehicles such as luxury vehicles and pickup trucks. It is headquartered in Detroit, Michigan.
Mr. Bosek’s hedge fund held a $14.3 million stake in General Motors Company (NYSE:GM) by the end of Q2 2022. This came through 453,375 shares. Insider Monkey’s June quarter of 2022 survey of 895 hedge funds saw 75 as having held a stake in the firm.
General Motors Company (NYSE:GM) is quite optimistic about its Cruise autonomous driving platform. The company is aiming at $1 billion in revenue from the division by 2025 end, and the platform was the first to secure a permit to provide autonomous rides for profit in California in June 2022. The company also pays a 9 cent dividend for a 1% yield.
General Motors Company (NYSE:GM)’s largest investor in our database is Warren Buffett’s Berkshire Hathaway which owns 52 million shares that are worth $1.6 billion.
Chartwell Investment Partners mentioned the company in its Q2 2022 investor letter. Here is what the fund said:
“The three worst-performing stocks in the Dividend Equity accounts includes General Motors (NYSE:GM, 2.4%), down 27.4%. GM posted solid first-quarter earnings, but, supply issues continue to be a headwind and the market appears to be “pricing-in” at least a mild recession. The question seems to be: by the time the supply constraints are resolved, will we be in a much-worse economic scenario that will “hit” the demand side?
After a couple quarters of higher-than-average trading, Q2 was extremely light in both the Growth & Balanced and Dividend Equity accounts (see below). After trimming GM earlier in the year at much higher price levels, we added back to the position. Now trading at $32 per share, GM’s P/E multiple on 2022 earnings estimates is below 5 times its annual earnings per share, which we think is very attractive and is already pricing-in at least a mild recession.”
2. Crown Holdings, Inc. (NYSE:CCK)
BeaconLight Capital’s Stake Value: $17 million
Percentage of BeaconLight Capital’s 13F Portfolio: 7.88%
Number of Hedge Fund Holders: 53
Crown Holdings, Inc. (NYSE:CCK) is a packaging products and equipment manufacturer and seller for the industrial and consumer goods products industries. The firm is one of the oldest in the world, after being set up in 1892 and it is headquartered in Yardley, Pennsylvania.
Crown Holdings, Inc. (NYSE:CCK) is the world’s second larger manufacturer of aluminum beverage cans and it heavily benefited from inflation during its second fiscal quarter, as its revenue grew by 25% annually and 10% sequentially to stand at $3.5 billion. The company also pays a 22 cent dividend for a 1.05% yield.
As this year’s second quarter ended, BeaconLight Capital owned 184,459 Crown Holdings, Inc. (NYSE:CCK) shares for a $17 million stake that represented 7.88% of its investment portfolio. For the same time period, 53 out of the 895 hedge funds polled by Insider Monkey had also invested in the company.
Out of these, David S. Winter and David J. Millstone’s 40 North Management is Crown Holdings, Inc. (NYSE:CCK)’s largest investor through a $237 million stake that came through 2.5 million shares.
1. Cheniere Energy, Inc. (NYSE:LNG)
BeaconLight Capital’s Stake Value: $29 million
Percentage of BeaconLight Capital’s 13F Portfolio: 13.48%
Number of Hedge Fund Holders: 65
Cheniere Energy, Inc. (NYSE:LNG) is an American liquefied natural gas (LNG) company that owns LNG terminals in Louisiana and Texas. The firm also owns pipelines that transport LNG from its terminals to interstate pipelines. The firm is headquartered in Houston, Texas.
Mr. Bosek’s hedge fund owned 218,590 Cheniere Energy, Inc. (NYSE:LNG) shares as part of its Q2 2022 investments. These were worth $29 million and represented 13.48% of its investment portfolio. Insider Monkey surveyed 895 hedge fund portfolios for this year’s June quarter to discover that 65 had held a stake in the firm.
Cheniere Energy, Inc. (NYSE:LNG) is one of the largest LNG companies in the world, and so far in 2022, 11% of all the gas in the world was produced by the company. The current strong demand for the clean fuel, particularly in Europe, is adding piles of cash to its income statement, and by the end of this year, Cheniere Energy, Inc. (NYSE:LNG) expects to rake in $9.8 billion in operating income. It also pays a 40 cent dividend for a 0.92% yield.
Cheniere Energy, Inc. (NYSE:LNG)’s largest investor in our database is Carl Icahn’s Icahn Capital LP which owns 5.6 million shares that are worth $746 million.
Disclosure: None. You can also take a look at 10 Best Gun Stocks to Invest In and 10 Best Cheap Technology Stocks To Buy.
