Top 5 Stock Picks of Naval Khera’s Brightline Capital

4. Dana Incorporated (NYSE:DAN)

Mr. Khera’s Stake Value: $16 million

Percentage of Mr. Khera’s 13F Portfolio: 10.79%

Number of Hedge Fund Holders: 24

Dana Incorporated (NYSE:DAN) is an American company headquartered in Purchase, New York, and founded in 1992. It primarily offers outsourced aircraft and other aviation operating services. In addition to providing aircraft, it also provides other services such as crew, maintenance and service.

In its third quarter 2021 earnings report, Dana Incorporated (NYSE:DAN) reported $2.2 billion in revenue and $0.41 in non-GAAP EPS, beating analyst estimates for revenue. RBC Capital reduced the company’s share price target to $25 in October 2021 citing the Q3 earnings miss and reduced guidance for the fiscal year.

Mr. Khera’s Brightline Capital held 675,000 shares of Dana Incorporated (NYSE:DAN) during the second quarter of this year, in a stake worth $16 million and 9.16% of its portfolio. During the same time, 24 of the 873 hedge funds polled by Insider Monkey had holdings in the logistics company.

Dana Incorporated (NYSE:DAN)’s largest shareholder is Carl Icahn’s Icahn Capital LP who owns $285 million of equity through 12 million shares.