5 Best Healthcare Stocks to Buy According to Billionaire Larry Robbins

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1. Tenet Healthcare Corp (NYSE:THC)

Glenview Capital Management’s Stake Value: $358,757,000

Percentage of Glenview Capital Management’s 13F Portfolio: 8.97%

Number of Hedge Fund Holders: 61

Tenet Healthcare Corp (NYSE:THC) remained Glenview Capital Management’s top pick from the healthcare sector at the end of Q2 though it got relegated to the second spot overall in the fund’s 13F portfolio in that period. This demotion in the overall portfolio happened even though Glenview Capital Management upped its stake in the company by 7% to 6.82 million shares and can be mostly attributed to the 40% decline in Tenet Healthcare Corp’s (NYSE:THC) stock during the second quarter.

The popularity of Tenet Healthcare Corp (NYSE:THC) among smart money investors has shot through the roof since mid-2020. From just 29 funds, among those tracked by Insider Monkey, disclosing a stake in the company at the end of the second quarter of 2020, the number has more than doubled to 61 two years later. Funds covered by us that initiated a stake in Tenet Healthcare Corp (NYSE:THC) during the second quarter included Paul Tudor Jones’ Tudor Investment Corp, Michael Castor’s Sio Capital, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital. 13 of the 15 analysts on Wall Street who actively monitor the stock currently have a ‘Buy’ or equivalent rating on it. On August 24, SVB Leerink’s analyst, Whit Mayo, reiterated his ‘Outperform’ rating on the stock while boosting his price target to $93 from $88, representing a potential upside of close to 67% from the stock’s last closing price.

You can also look at  8 Best Stocks to Buy According to Billionaire Nelson Peltz and 7 Best Stocks to Buy According to Activist JANA Partners

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