Top 5 Stock Picks of Joe Huber’s Huber Capital Management

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In this article, we discuss the top 5 stock picks of Joe Huber’s Huber Capital Management. If you want our detailed analysis of these stocks, go directly to the Top 10 Stock Picks of Joe Huber’s Huber Capital Management

5. Comtech Telecommunications Corp. (NASDAQ:CMTL)

Huber Capital Management’s Stake Value: $14,201,000

Percentage of Huber Capital Management’s 13F Portfolio: 3.66%

Number of Hedge Fund Holders: 13

Comtech Telecommunications Corp. (NASDAQ:CMTL) is an advanced communications company that leverages satellites, amplifiers, and high-performance transmission technologies to create advanced communications solutions. As of September this year, Comtech Telecommunications Corp. (NASDAQ:CMTL) represents 3.66% of Joe Huber’s Q3 portfolio, with Huber Capital Management owning a $14.2 million stake in the company. 

Acacia Research Corporation (NASDAQ:ACTG) is known for buying healthcare and technology businesses, and on November 1, the corporation offered to purchase Comtech Telecommunications Corp. (NASDAQ:CMTL) for $30 per share in cash, which would result in a $790 million transaction. Even though the deal hasn’t been accepted by Comtech Telecommunications Corp. (NASDAQ:CMTL) yet, the board is taking it under consideration. Comtech Telecommunications Corp. (NASDAQ:CMTL) shares shot up by $5.01, or 23%, to $26.58 in pre-market trading following the acquisition report.

At the end of June this year, 13 hedge funds were long Comtech Telecommunications Corp. (NASDAQ:CMTL), with stakes worth $51.1 million. 

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