5 Best Stocks To Buy Under $10 According To Hedge Funds

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1.  Clover Health Investments, Corp. (NASDAQ:CLOV)

Number of Hedge Fund Holders: 23

Clover Health Investments, Corp. (NASDAQ:CLOV) is a Tennessee-based company that provides Medicare Advantage (MA) insurance plans to senior citizens. The company leverages its proprietary software known as the Clover Assistant to provide a complete picture of individuals under their plan. The company was taken public in June 2021 by Sri Lankan-born Canadian venture capitalist Chamath Palihapitiya and also had Alphabet Inc (NASDAQ: GOOGL) and Sequoia Capital amongst its investors.

Back in September, the US Department of Health’s Center for Medicare and Medicaid Services (CMS) approved Clover Health Investments Corp. (NASDAQ:CLOV) to increase its coverage to 101 new counties across the US in September 2021. Furthermore, the CMS also upgraded Clover Health’s PPO plan to 3.5 stars rating early in October.

Out of the 873 hedge funds being tracked by Insider Monkey, 23 held positions in Clover Health Investments, Corp. (NASDAQ:CLOV) at the end of the second quarter of 2021. The total value of the position is more than $1.4 billion and is equivalent to nearly 70% of the market capitalization of the company. This reflects the heavy involvement of hedge funds in Clover Health Investments Corp. (NASDAQ:CLOV).

You can also take a peek at the 11 Best Dividend Aristocrats with over 3% Yield and 12 Best Software Stocks To Buy According To Hedge Funds.

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