Mario Gabelli Stock Portfolio: 5 Top Stock Picks

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1. Herc Holdings Inc. (NYSE:HRI)

Number of Hedge Fund Holders: 32     

Herc Holdings Inc. (NYSE:HRI) operates as an equipment rental supplier. The hedge fund of Mario Gabelli entered the fourth quarter of 2023 with more than 1.6 million shares of the company in the portfolio worth more than $196 million. 

On October 25, Wells Fargo analyst Seth Weber maintained an Overweight rating on Herc Holdings Inc. (NYSE:HRI) stock and lowered the price target to $150 from $165, noting the earnings of the firm in the third quarter were consistent with expectations. 

At the end of the second quarter of 2023, 32 hedge funds in the database of Insider Monkey held stakes worth $598 million in Herc Holdings Inc. (NYSE:HRI), compared to 26 in the previous quarter worth $490 million.

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