5 Healthcare Stocks to Buy According to Lee Ainslie’s Maverick Capital

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1. Centene Corporation (NYSE:CNC)

Maverick Capital’s Stake Value: $256 million

Percentage of Maverick Capital’s 13F Portfolio: 2.58%

Number of Hedge Fund Holders: 50

Centene Corporation (NYSE:CNC) is an American healthcare company that provides services to uninsured and underinsured individuals globally. Its services cover Medicaid users and its health plans cover several types of coverage such as therapy, dental care, vision care, and primary and specialty physicals.

Centene Corporation (NYSE:CNC) had a strong third fiscal quarter which saw it beat revenue and non-GAAP EPS analyst estimates by posting $32.4 billion and $1.26 in the metrics, respectively. Deutsche Bank raised the company’s price target to $84 from $80 in December 2021, appreciating the company’s recent corporate governance policies.

Mr. Ainslie’s hedge fund owned 4 million Centene Corporation (NYSE:CNC) shares for the third quarter of this year. This stake was worth $256 million and represented 2.58% of its portfolio. Insider Monkey’s Q3 2021 survey of 867 hedge funds revealed that 50 owned the company’s shares.

Andreas Halvorsen’s Viking Global is Centene Corporation (NYSE:CNC)’s largest investor through a $615 million stake bought through 9.8 million shares.

You can also take a peek at the 10 Best Robinhood Stocks Under $20 and Harvard University Stock Portfolio: 8 Latest Stock Picks.

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