Mario Gabelli is approaching 80 years old and has spent more than four decades on Wall Street. Gabelli is the chairman of GAMCO Investors, a New York-based firm with about $11.7 billion in assets. The hedge fund’s top 10 holdings account for over 14% of the portfolio. Between March and June of this year, GAMCO Investors’ portfolio climbed by nearly $400 million. During the second quarter, the fund made new purchases in 61 stocks, increased its interests in 245 stocks, sold out of 62 stocks, and reduced its holdings in 403 stocks.
Here is Insider Monkey’s list of the 10 healthcare stocks to buy according to Mario Gabelli. HCA Healthcare, Inc. ranks tenth among the top ten healthcare companies to purchase. The company, which is based in Tennessee, provides healthcare services. At the end of the second quarter of 2021, 60 hedge funds owned $2.6 billion worth of company stock. Pfizer is ranked ninth on Mario Gabelli’s list of ten healthcare stocks to buy. The company is based in New York and produces and sells biopharmaceutical products. GAMCO Investors owned 211,352 shares in the company worth $8 million at the end of June 2021, according to the most recent data. Merck & Co., Inc. is a pharmaceutical business based in New Jersey. It is ranked eighth on Mario Gabelli’s list of ten healthcare stocks to buy. By the end of the fiscal year, the stock might be worth 15 times the estimated earnings per share. Johnson & Johnson is a healthcare corporation based in New Jersey that manufactures and distributes various products. According to 13F filings, GAMCO Investors owned 105,103 shares in the firm, valued at $17 million at the end of the second quarter of 2021. Bio-Rad Laboratories, Inc. is the sixth best healthcare stock to purchase. According to the most recent statistics, GAMCO Investors owned 27,690 shares in the company valued at $17 million at the end of June 2021. For more details, click 10 Healthcare Stocks To Buy According To Mario Gabelli.
