Top 3 Stocks to Buy Today According to Stephen Feinberg’s Cerberus Capital Management

In this article, we discuss the top 3 stocks to buy today according to Stephen Feinberg’s Cerberus Capital Management. If you want to read our detailed analysis of Feinberg’s history and hedge fund performance, go directly to the Top 6 Stocks to Buy Today According to Stephen Feinberg’s Cerberus Capital Management.

3. Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Cerberus Capital Management Stake Value: $619,633,000
Percentage of Cerberus Capital Management’s 13F Portfolio: 10.15%
Number of Hedge Fund Holders: 46

Frontier Communications Parent, Inc. (NASDAQ:FYBR) provides consumer and business communications services. Truist analyst Greg Miller initiated coverage of Frontier Communications Parent, Inc. (NASDAQ:FYBR) on March 15, rating the stock as Buy and giving a price target of $40. In a research note, Miller stated that the company has the opportunity to recapture some of the broadband market share that has been lost to cable.

Frontier Communications Parent, Inc. (NASDAQ:FYBR) was in 46 hedge fund portfolios at the end of the fourth quarter, according to Insider Monkey. The total stakes that these funds had in the company are valued at $3.62 billion, up from $3.54 billion the prior quarter with 43 positions. As of the fourth quarter of 2021, Cerberus Capital Management’s stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) was a hefty $619.63 million, which covers 10.15% of the hedge fund’s 13F portfolio.