5 NASDAQ Stocks with Lowest PE Ratios

In this piece, we will take a look at the five NASDAQ stocks with lowest PE ratios. If you want to find out what’s hot in the NASDAQ this year, then check out 13 NASDAQ Stocks With Lowest PE Ratios

5. DISH Network Corporation (NASDAQ:DISH)

Number of Hedge Fund Investors In Q2 2023: 33

Latest P/E Ratio: 2.24

DISH Network Corporation (NASDAQ:DISH) is a satellite television services provider. The firm’s petition to open the 12GHz band for two way mobile service was denied by the FCC in May 2023, as part of a long drawn fight between DISH and SpaceX subsidiary Starlink.

As of Q2 2023, 33 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in DISH Network Corporation (NASDAQ:DISH). Out of these, the firm’s largest shareholder is Paul Marshall and Ian Wace’s Marshall Wace LLP since it owns 11.3 million shares that are worth $74.5 million.

4. American Airlines Group Inc. (NASDAQ:AAL)

Number of Hedge Fund Investors In Q2 2023: 35

Latest P/E Ratio: 3.85

American Airlines Group Inc. (NASDAQ:AAL) is one of the largest airlines in the U.S. High inflation is causing a bit of turmoil at the company, as while its pilots approved a new contract in August, there are worries about a flight attendant strike.

By the end of this year’s second quarter, 35 out of the 910 hedge funds polled by Insider Monkey had invested in the airline. American Airlines Group Inc. (NASDAQ:AAL)’s biggest hedge fund investor is Jim Simons’ Renaissance Technologies through a stake worth $306 million.

3. Chord Energy Corporation (NASDAQ:CHRD)

Number of Hedge Fund Investors In Q2 2023: 37

Latest P/E Ratio: 3.7

Chord Energy Corporation (NASDAQ:CHRD) is an American oil exploration firm that looks for oil through fracturing. The firm expanded its exploration assets in May 2023 after adding 62,000 acres for $375 million.

After digging through 910 hedge funds for their June quarter of 2023 investments, Insider Monkey discovered that 37 had owned a stake in Chord Energy Corporation (NASDAQ:CHRD). Out of these, the largest stakeholder is Ken Griffin’s Citadel Investment Group with a $106 million investment.

2. Chesapeake Energy Corporation (NASDAQ:CHK)

Number of Hedge Fund Investors In Q2 2023: 44

Latest P/E Ratio: 2.01

Chesapeake Energy Corporation (NASDAQ:CHK) is another American oil exploration company. A steep drop in natural gas prices caused a massive $846 million drop in its second quarter profits, but on a positive note, it was added to the S&P500 Midcap Index in August.

As of this year’s second quarter, 44 out of the 910 hedge funds part of Insider Monkey’s research had bought and owned the firm’s shares. Chesapeake Energy Corporation (NASDAQ:CHK)’s biggest investor is Howard Marks’ Oaktree Capital Management through owning $615 million worth of shares.

1. First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Number of Hedge Fund Investors In Q2 2023: 49

Latest P/E Ratio: 1.86

First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a regional bank headquartered in Raleigh, North Carolina. The firm’s second quarter results saw the firm significantly grow its net interest income and overall profit, as a high loan yield and its Silicon Valley Bank acquisition fueled the growth.

49 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had invested in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Out of these, the firm’s largest stakeholder is Natixis Global Asset Management’s Harris Associates through its $666 million investment.

Disclosure: None.  You can also take a look at 11 Most Undervalued Bank Stocks To Buy According To Wall Street Analysts and 11 Most Undervalued Renewable Energy Stocks to Buy.

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