5 Beaten Down Stocks Billionaires Are Crazy About

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In this article, we will take a look at the 5 beaten down stocks billionaires are crazy about. To read our analysis of the recent market trends and activity, you can go to the 10 Beaten Down Stocks Billionaires Are Crazy About.

5. Bio-Rad Laboratories, Inc. (NYSE:BIO)

Number of Billionaire Holders: 16

Hercules, California-based Bio-Rad Laboratories, Inc. (NYSE:BIO) manufactures and supplies the life science research, healthcare, analytical chemistry, and other markets with a broad range of products and systems used to separate complex chemical and biological materials and to identify, analyze, and purify their components.

On October 26, Bio-Rad Laboratories, Inc. (NYSE:BIO) released its financial results for Q3 2023. Its revenue declined by 7% y-o-y to $632 million while it generated a net income of $106 million, compared to a net loss of $163 million. The normalized EPS, at $2.33, missed consensus estimates by $0.48.

As of Q3 2023, 44 hedge funds owned shares of Bio-Rad Laboratories, Inc. (NYSE:BIO), valued at $837 million. Israel Englander’s Millennium Management was the largest shareholder with ownership of 0.38 million shares valued at $135 million.

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