Alden Global’s Top 5 Stock Picks

4. Baker Hughes Company (NYSE:BKR)

Number of Hedge Fund Holders: 40     

Baker Hughes Company (NYSE:BKR) stock has pulled back this week after the company announced third quarter earnings that fell short of market expectations. However, with oil prices on the rise and new projects on the horizon for the firm, it is expected that the energy firm will make a strong comeback in the fourth quarter. Cowen analyst Marc Bianchi has an Outperform rating on the stock with a price target of $31. 

According to the latest data, Alden Global Capital owned more than 181,900 shares in Baker Hughes Company (NYSE:BKR) at the end of the second quarter of 2021 worth $4.1 million, representing 8.35% of the portfolio of the fund. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Pzena Investment Management is a leading shareholder in Baker Hughes Company (NYSE:BKR) with 23 million shares worth more than $542 million.