5 Stocks to Invest In According to Bart Baum’s Ionic Capital

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In this article, we discuss 5 stocks to invest in according to Bart Baum’s Ionic Capital. If you want to read our detailed analysis of Baum’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Invest In According to Bart Baum’s Ionic Capital.

5. AT&T Inc. (NYSE:T)

Ionic Capital Stake Value: $11,694,000
Percentage of Ionic Capital’s 13F Portfolio: 1.48%
Number of Hedge Fund Holders: 70

AT&T Inc. (NYSE:T) is a multinational conglomerate holding corporation headquartered in Downtown Dallas, Texas. It is a telecommunications corporation and a supplier of mobile phone services in the United States. Among the hedge funds being tracked by Insider Monkey, Ken Griffin’s Citadel Investment Group is a leading shareholder of AT&T Inc. (NYSE:T), with 43.80 million shares worth more than $1.08 billion.

Barclays analyst Kannan Venkateshwar decreased his price objective on AT&T Inc. (NYSE:T) to $28 from $30 on January 28 and maintained an Overweight rating on the stock. The post-results stock performance was likely driven more by management remarks on the Warner/ Discovery, Inc. (NASDAQ:DISCA) merger structure, although the 2022 outlook did not assist, according to Venkateshwar in a research report.

As per Insider Monkey’s Q4 data, 70 hedge funds held stakes worth over $4.92 billion in AT&T Inc. (NYSE:T) in Q4. In the third quarter of 2021, 66 hedge funds held long positions in the company, with stakes valued at roughly $3.21 billion.

In its first quarter 2021 investor letter, Nelson Capital Management mentioned AT&T Inc. (NYSE:T). Here is what the firm has to say:

“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”



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