2. Howmet Aerospace Inc. (NYSE:HWM)
Elliot Management’s Stake Value: $1.28 billion
Percent of 13F Portfolio: 9.19%
Number of Hedge Fund Holders: 44
Insider Monkey tracked that 44 hedge funds had stakes in Howmet Aerospace Inc. (NYSE:HWM) in the September quarter of 2021. These stakes are valued at $3.495 billion. In the same quarter, the company reported an EPS of $0.27, beating the market consensus of $0.02. Howmet Aerospace Inc. (NYSE:HWM) develops and manufactures advanced aerospace and transportation products for the US market.
Elliot Management held 41 million shares, worth $1.28 billion, in the third quarter of 2021. Elliot Management is also the leading hedge fund investor in Howmet Aerospace Inc. (NYSE:HWM). On November 16, 2021, Wolfe Research initiated its coverage on Howmet Aerospace Inc. (NYSE:HWM) with its price target of $38 and kept an “Outperform” rating on the stock.
