5 Stocks to Buy According to Canyon Capital Advisors

2. CBL & Associates Properties, Inc. (NYSE:CBL)

Canyon Capital Advisors’ Stake Value: $137,168,000
Percentage of Canyon Capital Advisors’ 13F Portfolio: 4.66%
Number of Hedge Fund Holders: 11

CBL & Associates Properties, Inc. (NYSE:CBL) is a United States-based real estate investment trust that focuses in retail malls in the Midwest and Southeast. Joshua Friedman and Mitchell Julis’ Canyon Capital Advisors was the lead stakeholder in CBL & Associates Properties, Inc. (NYSE:CBL). The fund owns more than 4.40 million shares of stock worth $137.17 million.

On January 27, EVgo, Inc. (NASDAQ:EVGO) and CBL & Associates Properties, Inc. (NYSE:CBL) announced a partnership to provide EVgo rapid charging to various retail locations, including Kansas’ first EVgo station.

Insider Monkey discovered 11 hedge funds had positions in CBL & Associates Properties, Inc. (NYSE:CBL) at the end of the fourth quarter of 2021. These holdings were worth a total of $296.11 million.