Larry Robbins is an American billionaire and hedge fund manager who founded Glenview Capital Management in 2000. He is expectational in struggling industries. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices.
Here is a summary of 10 Best Stocks To Buy According To Billionaire Larry Robbins.
Nuance Communications, Inc. is an artificial intelligence software company. The company was outperforming market expectations and and had an increase in their revenue. This accounts for 2.26% in his portfolio. Lyft, Inc. is a ride sharing application and in March it reported that it had the highest level of ride sharing recorded. LYFT occupies 2.32% of Glenview Capital’s total portfolio.
Laboratory Corporation of America Holdings operates clinical laboratories around the world. Their stock jumped after the company hired outside to review their structure and capital allocation strategy. The company occupies 2.57% of Glenview Capital’s total portfolio. McKesson Corporation sells medical supplies and pharma products. The company occupies 4.65% of Glenview Capital’s total portfolio.
HCA Healthcare, Inc. operates over 180 hospitals and 2,000 healthcare sites. The stock has gained 121% over the last 12 months. The company occupies 4.9% of Glenview Capital’s total portfolio. Cigna Corporation is a leading managed care company which operates through the following major segments: health services, integrated medical, international markets and group disability. The company occupies 5.99% of Glenview Capital’s total portfolio.
DXC Technology Company is a global IT services company that is focused on helping clients with their mission-critical system and leading digital transformation. The company occupies 5.99% of Glenview Capital’s total portfolio. Takeda Pharmaceutical Company Limited makes treatments mostly for metabolic disorders, gastroenterology, neurology, inflammation and oncology. The company recently completed the sale of its OTC and prescription pharmaceutical business in Europe. The company occupies 6.36% of Glenview Capital’s total portfolio.
Bausch Health Companies makes treatments for skin diseases, gastrointestinal disorders, eye health and neurology. The company occupies 7.83% of Glenview Capital’s total portfolio. Tenet Healthcare Corporation operates over 60 hospitals and 500 healthcare facilities. The firm also upped its price target for the stock to $57. The company occupies 16.71 % of Glenview Capital’s total portfolio
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