3. GE Healthcare Technologies, Inc. (NASDAQ:GEHC)
Number of Hedge Fund Holders: 41
With a history that dates back to 1892, Chicago, Illinois-based, GE Healthcare Technologies, Inc. (NASDAQ:GEHC) is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator providing intelligent devices, data analytics, applications, and services, supported by its Edison intelligence platform.
GE Healthcare Technologies, Inc. (NASDAQ:GEHC) went public on January 4 this year through a spinoff from General Electric Company (NYSE:GE). The spinoff was achieved by a pro rata distribution of 80.1% of the company’s shares to the parent company’s shareholders. The remaining shares were retained by the parent company.
On October 31, GE Healthcare Technologies, Inc. (NASDAQ:GEHC) released its financial results for the third quarter of 2023. Its revenues increased by 5% y-o-y to $4.8 billion, while its net income declined by 23% y-o-y to $375 million.
As of Q3 2023, 41 of the 910 hedge funds tracked by Insider Monkey were long GE Healthcare Technologies, Inc. (NASDAQ:GEHC) and held shares worth $556 million.
