5 Stocks to Buy Now According to Steve Ketchum’s Sound Point Capital

In this article, we discuss 5 stocks to buy now according to Steve Ketchum’s Sound Point Capital. If you want to read our detailed analysis of Ketchum’s history and hedge fund performance, go directly to 10 Stocks to Buy Now According to Steve Ketchum’s Sound Point Capital.

5. Gray Television, Inc. (NYSE:GTN)

Sound Point Capital’s Stake Value: $963,000
Percentage of Sound Point Capital’s 13F Portfolio: 3.4%
Number of Hedge Fund Holders: 19

Gray Television, Inc. (NYSE:GTN) is a television broadcasting corporation that owns and operates television stations and digital assets across the United States. Gray Television, Inc. (NYSE:GTN) recently saw a decrease in hedge fund sentiment. Long hedge fund positions fell to 19 at the end of the fourth quarter, from 20 at the end of the previous quarter.

Loop Capital analyst Alan Gould maintained a Buy rating on Gray Television, Inc. (NYSE:GTN) and boosted his price objective to $33 from $30 on March 7. Millennium Management owned the leading stake in Gray Television, Inc. (NYSE:GTN) at the end of Q4 2021, with 1.33 million shares totaling $26.74 million.

In the fourth quarter of 2021, Sound Point Capital increased its holdings in Gray Television, Inc. (NYSE:GTN) by purchasing 8,500 more shares. This makes their stake in Gray Television, Inc. (NYSE:GTN) total 47,757 shares worth $963,000.