5 Stocks to Buy According to Carlson Capital

2. Cerner Corporation (NASDAQ:CERN)

Carlson Capital’s Stake Value: $77,187,000
Percentage of Carlson Capital’s Portfolio: 5.28%
Number of Hedge Fund Holders: 64

Cerner Corporation (NASDAQ:CERN) provides technology-enabled services and health information technology solutions domestically and internationally alongside its subsidiaries. Carlson Capital increased its stake in Cerner Corporation (NASDAQ:CERN) by 74% in the first quarter, ending the period with $77.19 million worth of the company’s stock.

Oracle Corporation (NYSE:ORCL) completed its acquisition of Cerner Corporation (NASDAQ:CERN) on June 8, 2022. With a price objective of $90, Stefan Slowinski of Exane BNP Paribas lifted Oracle from ‘Neutral’ to ‘Outperform’ on June 29.

Cerner Corporation (NASDAQ:CERN) saw a rise in hedge fund sentiment in Q1. At the conclusion of the first quarter of 2022, there were 64 hedge funds with long positions, up from 61 positions the previous quarter. Israel Englander’s Millennium Management held a prominent position in Cerner Corporation (NASDAQ:CERN), consisting of 5.53 million shares worth $517.05 million.