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5 Healthcare Stocks Billionaires Are Buying

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Billionaire investors are successful for a reason. They do not funnel their money in ordinary places. They spend enormous amounts of resources on the analysis and evaluation of stock and investment options before making a move. That’s why markets pay huge attention to the stocks that are owned by billionaires. In this article we will take a look at some of the healthcare stocks which billionaires were buying in the third quarter. These stocks include Endo International plc – Ordinary Shares (NASDAQ:ENDP), INC Research Holdings Inc (NASDAQ:INCR), Cepheid (NASDAQ:CPHD), Baxter International Inc (NYSE:BAX) and Bristol-Myers Squibb Co (NYSE:BMY).

 

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Endo International plc – Ordinary Shares (NASDAQ:ENDP)

At the end of the third quarter, 9 billionaires from our database of 64 renowned billionaires were bullish on Endo International plc – Ordinary Shares (NASDAQ:ENDP), having $450.281 million worth of positions in the company, compared to 4 billionaires in  the earlier quarter which had $270.56 million worth of shares of the company. The shares of Pennsylvania-based pharmaceutical company have lost over 74% in value since the start of the year. Recently, Susquehanna upgraded Endo International plc (NASDAQ: ENDP) to ‘Positive’ from ‘Neutral’ with a price target of $20. Overall, a total of 32 hedge funds in our database of 742 funds were bullish on Endo International plc (NASDAQ: ENDP) as of the end of the third quarter.

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INC Research Holdings Inc (NASDAQ:INCR)

At the end of September, 6 out of 64 famous billionaires in our list were long INC Research Holdings Inc (NASDAQ:INCR) with $99.18 million positions, up from 2 billionaires and $30.59 million stakes in total. The North Carolina-based company reported third quarter EPS of $0.64, above the analysts’ forecast of $0.63, while revenue of $259.56 million slightly missed the projected $259.89 million. For full fiscal 2016, INC Research expects EPS of $2.48-$2.52, versus prior guidance of $2.39-$2.50 and the consensus estimate of $2.48. 30 hedge funds from our database were long INC Research Holdings Inc( NASDAQ:INCR) at the end of September, versus 25 funds a quarter earlier.

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On the next page, we will discuss some other healthcare stocks in which billionaires are interested in.

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