5 Stocks to Buy Today According to David Brown’s Hawk Ridge Management

2. LivaNova PLC (NASDAQ:LIVN)

Hawk Ridge Management Stake Value: $109,170,000
Percentage of Hawk Ridge Management’s 13F Portfolio: 7.84%
Number of Hedge Fund Holders: 36

LivaNova PLC (NASDAQ:LIVN) is a medical technology firm that develops and delivers therapeutic solutions for patients, healthcare professionals, and healthcare systems. The most significant stake in the company was held by Paradice Investment Management, which reported managing $98.28 million worth of stock at the end of the second quarter.

On November 3, Piper Sandler analyst Adam Maeder raised his price target on LivaNova to $105 from $100 and kept an “Overweight” rating on the shares post company’s Q3 results. In the third quarter of 2021, LivaNova PLC had an EPS of $0.68, beating estimates by $0.24. In addition, the company’s revenue was $253.2 million, up 5.5% year over year, beating estimates by $7.96 million.

LivaNova PLC (NASDAQ:LIVN) has experienced an increase in hedge fund sentiment in recent months. The company was in 36 hedge funds’ portfolios at the end of the second quarter of 2021. There were 28 hedge funds in our database with LIVN positions at the end of the first quarter.