5 Stocks to Buy Today According to David Brown’s Hawk Ridge Management

In this article, we will discuss the 5 stocks to buy today according to David Brown’s Hawk Ridge Management. If you want to read our detailed analysis of Brown’s history, investment philosophy, and hedge fund performance, go directly to the 10 Stocks to Buy Today According to David Brown’s Hawk Ridge Management.

5. Outfront Media Inc. (REIT) (NYSE:OUT)

Hawk Ridge Management Stake Value: $67,468,000
Percentage of Hawk Ridge Management’s 13F Portfolio: 4.84%
Number of Hedge Fund Holders: 31

Outfront Media Inc. (REIT) (NYSE:OUT), which provides advertising space leasing services on out-of-home advertising structures and websites, is one of the stocks to buy today according to David Brown’s Hawk Ridge Management. Ken Griffin’s Citadel Investment Group has the number one position in Outfront Media Inc., worth close to $82.06 million, according to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey. This represents 0.01% of Citadel Investment Group’s total 13F portfolio.

On November 12, Citi analyst Jason Bazinet raised his price target on Outfront Media to $31 from $28 and maintained a “Buy” rating on the shares. On November 4, Outfront Media Inc. reported results for the third quarter with revenue reaching $399.2 million, up 41.4% YoY. In addition, on October 26, the company announced a quarterly dividend of 10 cents per share, in line with the previous.

The hedge fund managed by David Brown owns more than 2.81 million shares in Outfront Media Inc. (REIT) (NYSE:OUT) worth over $67.45 million, representing close to 0.35% of their portfolio. The hedge fund has increased its stake in the firm by 375% in the second quarter of 2021.