5 Most Undervalued Value Stocks To Buy According To Hedge Funds

This article presents an overview of the 5 Most Undervalued Value Stocks To Buy According To Hedge Funds. For a detailed overview of the 16 such stocks read our article, 16 Most Undervalued Value Stocks To Buy According To Hedge Funds.

5. General Motors Corp (NYSE:GM)

Number Of Hedge Fund Investors: 66

Recently, Mizuho upgraded General Motors Corp (NYSE:GM) stock to Buy from Neutral. The firm’s analyst Vijay Rakesh said the UAW strike is now behind us, and vehicle production at General Motors Corp (NYSE:GM) has restarted.

General Motors Corp (NYSE:GM) is also a popular car stock among the elite hedge funds tracked by Insider Monkey. 66 hedge funds tracked by Insider Monkey had stakes in General Motors Corp (NYSE:GM). The biggest stakeholder of General Motors Corp (NYSE:GM) was Natixis Global Asset Management’s Harris Associates, which owns a $1.2 billion stake in the company.

Diamond Hill Large Cap Strategy made the following comment about General Motors Company (NYSE:GM) in its Q3 2023 investor letter:

“Several of our bottom contributors were in the consumer area, including auto retailer CarMax and auto manufacturer General Motors Company (NYSE:GM). In general, rising interest rates have priced out a large portion of the population who simply can’t afford to buy a car given where financing costs stand today. These challenges have weighed on both companies. General Motors was also impacted by the UAW strike, which put a damper on the automotive industry in general.”