5 Stocks Under $30 to Invest in According to Bruce Kovner’s Caxton Associates

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In this piece, we will take a look at the five stocks under $30 to invest in according to Caxton Associates. If you want details about the hedge fund and more stocks, then head on over to 10 Stocks Under $30 to Invest in According to Bruce Kovner’s Caxton Associates.

5. CareTrust REIT, Inc. (NASDAQ:CTRE)

Caxton Associate’s Stake Value: $1.3 million

Percentage of Caxton Associates’s 13F Portfolio: 0.13%

Number of Hedge Fund Investors: 11

Stock Price as of May 17, 2022: $17.49

CareTrust REIT, Inc. (NASDAQ:CTRE) is an American real estate investment trust (REIT) headquartered in San Clemente, California. The firm focuses its efforts on the nursing sector by leasing properties involved in nursing and healthcare.

Caxton Associates owned a $1.3 million stake in CareTrust REIT, Inc. (NASDAQ:CTRE) as the fourth quarter of last year came to an end. This was in the form of 60,046 shares and it represented 0.13% of the firm’s investment portfolio. During the same time period, 11 of the 924 hedge funds part of Insider Monkey’s research had also invested in the firm.

CareTrust REIT, Inc. (NASDAQ:CTRE) reported $46 million in revenue and $0.37 in funds from operations (FFO) during its fiscal first quarter, missing analyst revenue estimates and meeting those for FFO. Barclays reduced its share price target to $17 from $22 in April 2022, highlighting that its collection risk is too high for comfort.

CareTrust REIT, Inc. (NASDAQ:CTRE)’s largest investor is Israel Englander’s Millennium Management which owns 196,184 shares that are worth $4.4 million.

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