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.
4. Infosys Limited (NYSE:INFY)
Caxton Associate’s Stake Value: $1.4 million
Percentage of Caxton Associates’s 13F Portfolio: 0.14%
Number of Hedge Fund Investors: 27
Stock Price as of May 17, 2022: $19.55
Infosys Limited (NYSE:INFY) is a digital services provider based in Bengaluru, India. The company provides banking, artificial intelligence, learning, mortgage services, and other solutions and platforms.
For its fiscal Q4, Infosys Limited (NYSE:INFY) posted $4.3 billion in revenue and $0.18 in GAAP EPS, beating analyst revenue estimates but missing them for EPS. BMO Capital reduced its price target to $25 from $28 in April 2022, outlining that the firm’s disappointing margins influenced the decision.
Caxton Associates owned 57,286 Infosys Limited (NYSE:INFY) shares for its Q4 2021 investment portfolio. These were worth $1.4 million and they represented 0.14% of the firm’s investments. Insider Monkey’s 924 hedge fund survey for 2021’s final quarter showed that 27 had also invested in the company.
Infosys Limited (NYSE:INFY)’s largest investor is Rajiv Jain’s GQG Partners which owns 65 million shares that are worth $1.6 billion.
3. Preferred Apartment Communities, Inc. (NYSE:APTS)
Caxton Associate’s Stake Value: $1.5 million
Percentage of Caxton Associates’s 13F Portfolio: 0.15%
Number of Hedge Fund Investors: 11
Stock Price as of May 17, 2022: $24.87
Preferred Apartment Communities, Inc. (NYSE:APTS) is a real estate investment trust (REIT) headquartered in Atlanta, Georgia. The firm is involved in operating family properties, grocery shopping centers, and student housing.
Mr. Kovner’s investment firm owned a $1.5 million stake in Preferred Apartment Communities, Inc. (NYSE:APTS) as 2021’s December quarter ended. This was in the form of 83,557 shares. Insider Monkey’s Q4 2021 research covering 924 hedge fund holdings outlined that 11 had bought a stake in the REIT.
Preferred Apartment Communities, Inc. (NYSE:APTS) raked in $52 million in revenue for an 11.9% annual growth during its fiscal first quarter. Truist raised its price target to $25 from $17 in March 2022 as it stated that a transaction should gain shareholder approval soon.
Preferred Apartment Communities, Inc. (NYSE:APTS)’s largest investor is Charles Fitzgerald’s V3 Capital which owns 695,650 shares that are worth $12.5 million.
2. Macquarie Infrastructure Holdings, LLC (NYSE:MIC)
Caxton Associate’s Stake Value: $2.6 million
Percentage of Caxton Associates’s 13F Portfolio: 0.26%
Number of Hedge Fund Investors: 14
Stock Price as of May 17, 2022: $3.79
Macquarie Infrastructure Holdings, LLC (NYSE:MIC) is a petroleum products provider based in New York, New York, United States. The company sells petroleum and natural gases to a wide variety of customers.
By the end of its fourth quarter, Macquarie Infrastructure Holdings, LLC (NYSE:MIC) reported $203 million in revenue and -$0.19 in GAAP EPS, in a weak set of results that saw it miss analyst estimates for both the metrics. The company completed a corporate reorganization late last year.
As part of its fourth quarter of 2021 investment portfolio, Caxton Associates owned a $2.6 million stake in Macquarie Infrastructure Holdings, LLC (NYSE:MIC). This came in the form of 716,539 shares. Insider Monkey’s 924 hedge fund survey covering the same time period outlined that 14 had also invested in the energy company.
Jeffrey Tannenbaum’s Fir Tree is Macquarie Infrastructure Holdings, LLC (NYSE:MIC)’s largest investor. It owns 4.3 million shares that are worth $15.8 million.
1. Equity Commonwealth (NYSE:EQC)
Caxton Associate’s Stake Value: $4.6 million
Percentage of Caxton Associates’s 13F Portfolio: 0.47%
Number of Hedge Fund Investors: 20
Stock Price as of May 17, 2022: $26.12
Equity Commonwealth (NYSE:EQC) is a real estate investment trust (REIT). It is headquartered in Chicago, Illinois, United States. The firm focuses on office properties and has control of more than a million square feet of space.
Mr. Kovner’s hedge fund held a $4.6 million stake in Equity Commonwealth (NYSE:EQC) during Q4 2021. This came in the form of 179,777 shares and it represented 0.47% of the firm’s investment portfolio. Insider Monkey scanned 924 hedge fund holdings for the same quarter to discover that 20 had owned a stake in the REIT.
Equity Commonwealth (NYSE:EQC)’s fiscal first quarter saw it rake in $16.7 million in revenue and $0.03 in FFO, for a strong beat in both metrics. The firm also announced a $150 million share repurchase as 2021 came to an end.
John W. Rogers’s Ariel Investments is Equity Commonwealth (NYSE:EQC)’s largest investor. It owns a $52 million stake that comes through holding two million shares.
Disclosure: None. You can also take a look at 10 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine and 15 Best Warren Buffett Stocks to Buy Now.
