5 Healthcare Stocks to Buy Today According to Steven Cohen’s Point72 Asset Management

4. ICU Medical, Inc. (NASDAQ:ICUI)

Point72 Asset Management’s Holdings: $109 million

Percentage of Point72 Asset Management’s Portfolio: 0.43%

Number of Hedge Fund Holders: 32

ICU Medical, Inc. (NASDAQ:ICUI) is a medical device manufacturer whose products are used in several applications. These include critical care, hemodialysis, cardiovascular applications, intravenous therapy, drug infusion, and cardiac activity monitoring.

During its fiscal fourth quarter, ICU Medical, Inc. (NASDAQ:ICUI) pulled in $340 million in revenue and $1.82 in non-GAAP EPS, beating analyst estimates for both. Raymond James increased the its price target on the company’s shares to $286 from $220 in September 2021, outlining that the strong probability of a business deal going through will prove to be a positive catalyst for the company.

Mr. Cohen’s investment firm owned 460,921 ICU Medical, Inc. (NASDAQ:ICUI) shares at the end of 2021’s final quarter. These were worth $109 million on December 31 and represented 0.43% of its 13F investment portfolio. 31 other hedge funds owned the company’s shares during the same time period, with Seth Rosen’s Nitorum Capital being ICU Medical, Inc. (NASDAQ:ICUI)’s largest investor among that group after Point72 Asset Management. Nitorum Capital owned a $59 million stake as of December 31 that consisted of 251,126 shares.