5 Stocks Under $30 In Ken Fisher’s Portfolio

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In this article, we will look at 5 stocks under $30 in Ken Fisher’s portfolio. If you want to read about Ken Fisher’s investment philosophy and his hedge fund’s performance, you can go to 10 Stocks Under $30 In Ken Fisher’s Portfolio.

5. Cleveland-Cliffs Inc. (NYSE:CLF)

Fisher Asset Management’s Stake Value: $272,245,000

Percentage of Fisher Asset Management’s 13F Portfolio: 0.15%

Number of Hedge Fund Holders: 36

Closing Price on March 16: $26.18

Cleveland-Cliffs Inc. (NYSE:CLF) operates as a mining company in North America. On February 11, 2022, Cleveland-Cliffs Inc. (NYSE:CLF) released its earnings for the fiscal fourth quarter of 2021. The company reported earnings per share of $1.76 and generated revenues of $5.35 billion. The company’s revenue grew by 136.97% year over year from $2.26 billion for the fourth quarter of 2020.

This March, Citi analyst Alexander Hacking raised his price target on Cleveland-Cliffs Inc. (NYSE:CLF) to $28 from $25 and maintained a Neutral rating on the shares.

By the end of the fourth quarter of 2021, 36 hedge funds held positions in Cleveland-Cliffs Inc. (NYSE:CLF) worth $952.78 million in total. This is compared to 35 positions in the previous quarter, with total stakes worth $682.05 million. The hedge fund sentiment for Cleveland-Cliffs Inc. (NYSE:CLF) can be seen to be positive.

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