5 Best Cosmetic Surgery and Aesthetics Stocks to Buy

1. Zimmer Biomet Holdings, Inc. (NYSE:ZBH) 

Number of Hedge Fund Holders: 46

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) functions as a medical technology firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company is involved in the conception, production, and promotion of orthopaedic reconstructive products. It is the best cosmetic surgery and aesthetics stock to buy. On August 1, Zimmer Biomet Holdings, Inc. (NYSE:ZBH) announced a Q2 non-GAAP EPS of $1.82 and a revenue of $1.87 billion, outperforming Wall Street consensus by $0.01 and $40 million, respectively.

According to Insider Monkey’s second quarter database, 46 hedge funds were bullish on Zimmer Biomet Holdings, Inc. (NYSE:ZBH), compared to 51 funds in the preceding quarter. Steve Cohen’s Point72 Asset Management is the largest position holder in the company, with 1.6 million shares worth $238.1 million.

Here is what Ariel Investments has to say about Zimmer Biomet Holdings, Inc. (NYSE:ZBH) in its Q4 2021 investor letter:

“A reopening of the global economy with a reduction in the severity of the pandemic has led us to invest in companies that would perform well with an end to Covid restrictions such as canceled sports and entertainment events or companies that would benefit from pent-up demand for consumer products. Healthcare holdings such as Zimmer Biomet Holdings Inc. (ZBH) saw demand for their “elective” healthcare services decline sharply as hospitals lost capacity for non-essential surgeries or orthotics. We believed those companies should see a rebound in their business as cases decline. Unfortunately, two new Covid variants turned this theme from a tailwind to a headwind in the second half of the year. First, Delta then Omicron sent Covid cases higher and both companies saw their businesses slow again. Zimmer’s stock lost -13.04% in the fourth quarter. As we write, we believe Omicron cases could be nearing a peak which would allow our thesis to better play out this year.”

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