5 Best Fast Money Stocks To Buy According To Hedge Funds

3. Humana Inc. (NYSE:HUM)

Number of Hedge Fund Holders: 69   

Humana Inc. (NYSE: HUM) operates as a health and well-being company in the United States. It is one of the elite fast money stocks to invest in. On September 26, RBC Capital analyst Frank Morgan maintained an Outperform rating on Humana Inc. (NYSE:HUM) stock and raised the price target to $544 from $541, noting that the company’s strong long-term earnings targets are driven by growth in core medicare advantage and value-based care initiatives. 

At the end of the second quarter of 2022, 69 hedge funds in the database of Insider Monkey held stakes worth $3.7 billion in Humana Inc. (NYSE: HUM), compared to 66 in the preceding quarter worth $3.1 billion. 

In its Q2 2022 investor letter, Diamond Hill Capital, an asset management firm, highlighted a few stocks and Humana Inc. (NYSE: HUM) was one of them. Here is what the fund said:

“Humana Inc. (NYSE:HUM) stock has experienced higher volatility over the past year, and its 7% advance in Q2 largely reflected a recovery from the strong selloff that followed a disappointing pullback in its Medicare Advantage member enrollment guidance for 2022 back in January. Despite the near-term volatility, we are confident in Humana’s long-term value creation plan and its ability to achieve market enrollment growth and improvement in its health care services businesses.”