Visium Asset Management Is a Staunch Supporter of These 5 Healthcare Stocks

#3 Perrigo Company plc Ordinary Shares(NYSE:PRGO)

– Shares held (as of September 30): 1.80 million

– Total Value (as of September 30): $283.72 million

Visium cut its position in the $21.57-billion specialty pharmaceutical company by 287,385 shares during the third quarter. Perrigo Company plc (NYSE:PRGO) posted strong financial results for the third quarter, with income increasing to $112.6 million compared to $96.3 million a year ago. The company’s sales were also strong, rising by 41% year-over-year to $1.34 billion. Despite its improved financial performance, the company’s stock has lost 11.23% year-to-date. We saw a drop in hedge fund interest in Perrigo Company plc (NYSE:PRGO) during the third quarter as well, as a total of 63 funds that we track held the stock in their portfolios, representing a quarter-over-quarter decrease of 20 investors. Daniel S. Och’s OZ Management holds 3.53 million Perrigo shares as of the end of September.

#2 Laboratory Corp. of America Holdings (NYSE:LH)

– Shares held (as of September 30): 3.02 million

– Total Value (as of September 30): $327.47 million

Visium reduced its position in Laboratory Corp. of America Holdings (NYSE:LH) by 354,646 shares during the third quarter. Recently, Laboratory Corp. of America acquired Safe Foods International Holdings, as well as its two operating companies, International Food Network and The National Food Laboratory. Terms of the deal were not disclosed. Laboratory Corp. reported solid financial results for the third quarter, with the company’s earnings increasing to $152.8 million, or $1.49 per share, versus $137.2 million, or $1.59 per share, a year earlier. Its quarterly revenue rose to $2.27 billion compared to $1.55 billion a year ago. Laboratory Corp. of America Holdings (NYSE:LH)’s stock has increased by nearly 14% year-to-date. Another investor betting big on the stock is Andreas Halvorsen’s Viking Global, which held 5.05 million Laboratory Corp. shares at the end of September.

#1 Endo International plc – Ordinary Shares (NASDAQ:ENDP)

– Shares held (as of September 30): 5.21 million

– Total Value (as of September 30): $360.53 million

Endo International plc (NASDAQ:ENDP) ranks as Visium’s top holding and the investment firm increased its position in the company by 1.49 million shares in the third quarter. Endo International is a global specialty healthcare company whose shares have dropped by 19.74% year-to-date. For the third quarter, Endo International posted a loss from continuing operations of $804 million, compared to income of $49 million a year ago. A total of 61 hedge funds tracked by Insider Monkey reported holding a stake in the company as of the end of September, versus 67 funds three months prior to that. OZ Management held 10.12 million Endo International plc (NASDAQ:ENDP) shares on September 30.

Disclosure: None