5 Cheap NASDAQ Stocks To Buy

3. Brighthouse Financial, Inc. (NASDAQ:BHF)

Forward Price To Earnings Ratio: 2.93

Number of Hedge Fund Investors In Q2 2023: 28

Brighthouse Financial, Inc. (NASDAQ:BHF) is a life insurance company headquartered in Charlotte, North Carolina. The shares have seen little love from analysts over the past few months, and Brighthouse Financial, Inc. (NASDAQ:BHF)’s downgrade came in September 2023 when Goldman Sachs downgraded the shares to Sell from Neutral and reduced the share price target to $43 from $47.

As of this year’s June quarter, 28 out of the 910 hedge funds profiled by Insider Monkey had invested in Brighthouse Financial, Inc. (NASDAQ:BHF). David Einhorn’s Greenlight Capital owns the largest stake which is worth $147 million.

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