Alden Global’s Top 5 Stock Picks

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In this article, we discuss the top 5 stock picks of Alden Global. If you want to read our detailed analysis of these stocks, go directly to ‘A Vulture Hedge Fund’ — Alden Global’s Top 10 Stock Picks.

5. Tecnoglass Inc. (NASDAQ:TGLS)

Number of Hedge Fund Holders: 11    

Raymond James analyst Joshua Wilson had raised the price target on Tecnoglass Inc. (NASDAQ:TGLS) stock to $26 from $15 in August, maintaining a Strong Buy rating. The company, which is one of the top stock picks of Alden Global, beat market predictions on earnings per share and revenue in the second quarter by $0.09 and $14 million respectively. It has a market cap of over $1.2 billion. 

According to 13F filings, Alden Global Capital owned over 191,500 shares in Tecnoglass Inc. (NASDAQ:TGLS) at the end of June 2021 worth $4 million, representing 8.22% of the portfolio of the fund. 

At the end of the second quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $58 million in Tecnoglass Inc. (NASDAQ:TGLS), up from 10 in the previous quarter worth $30 million.

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