In this article we discuss the 5 best stocks to buy according to Highbridge Capital. If you want to read our detailed analysis of Highbridge Capital’s history and hedge fund performance, go directly to the 10 Best Stocks to Buy According to Highbridge Capital.
5. Becton, Dickinson and Company (NYSE: BDX)
Highbridge Capital’s Stake Value: $20,441,000
Percent of Highbridge Capital’s 13F Portfolio: 0.81%
Number of Hedge Fund Holders: 65
Becton, Dickinson and Company (NYSE: BDX) stands fifth on our list of the best stocks to buy based on Highbridge Capital’s portfolio. The company operates in New Jersey and specializes in medical technology. The operations include manufacturing and selling medical equipment, including surgical instruments. This is one of the best stocks to buy according to Highbridge Capital, as Highbridge Capital Management has a stake worth $20.4 million for 84,069 shares.
4. Hycroft Mining Holding Corporation (NASDAQ: HYMC)
Highbridge Capital’s Stake Value: $27,091,000
Percent of Highbridge Capital’s 13F Portfolio: 1.07%
Number of Hedge Fund Holders: 18
Hycroft Mining Holding Corporation (NASDAQ: HYMC) is a mining company that produces gold and silver and operates in the Hycroft Mine. Highbridge Capital management did not change its activity in the company in Q1 2021 and owns over 7.7 million shares, worth $27.09 million.
Hycroft Mining Holding Corporation (NASDAQ: HYMC) Q1 reports stated the revenue of $19 million, compared with $11 million in the same period last year. Though the company managed to see the growth in revenue due to increased run-of-mine ROM tons and ounces, the stock posted a 55% decline year to date.
3. KKR & Co. Inc. (NYSE: KKR)
Highbridge Capital’s Stake Value: $51,023,000
Percent of Highbridge Capital’s 13F Portfolio: 2.03%
Number of Hedge Fund Holders: 56
A leading global investment firm, KKR & Co. Inc. (NYSE: KKR) is next on our list of the best stocks to buy according to Highbridge Capital. Highbridge Capital Management owns over 1 million shares of the company, worth $51.02 million, as of Q1 2021.
KKR & Co. Inc. (NYSE: KKR) has reported fee-related earnings of $364 million or $0.41 per adjusted share in Q1. The numbers are up 41% year-over-year. The reports also stated the cash dividend of $0.145 per share for the quarter. In March 2020, the KKR stock saw a low of $19 due to the losses incurred by the Covid-19 pandemic. However, the stock price has grown by over 39% year to date and currently stands at $55.3 per share.
An investment management firm, Vulcan Value Partners, published its ‘Large Cap, Small Cap, Focus Composite, Focus Plus Composite, and All Cap Composite’ Q1 2021 investor letter. Here is what the firm has to say about KKR & Co. Inc. (NYSE: KKR):
“KKR & Co. Inc. was another material contributor during the quarter. The company has deep and growing relationships with capital providers. KKR enjoys a very stable management fee stream and a proven ability to convert capital into a performance fee stream, both of which lead to a business with a stable and growing intrinsic value. In addition, the company enjoys nice tailwinds of increasing allocations to private and alternative investments. In addition to reporting solid results, KKR increased disclosure around its compensation ratio, improving transparency and making it easier to model the company’s earning power.”
2. Danaher Corporation (NYSE: DHR)
Highbridge Capital’s Stake Value: $57,960,000
Percent of Highbridge Capital’s 13F Portfolio: 2.31%
Number of Hedge Fund Holders: 81
Danaher Corporation (NYSE: DHR) is second on our list of the best stocks to buy according to Highbridge Capital. It is an American company that designs and manufactures medical, commercial, and industrial products. As of Q1 2021, Highbridge Management Capital owns 257,508 shares in the company, worth $57.9 million. The fund increased its stake in Danaher Corporation (NYSE: DHR) by a whopping 34% in Q1.
The Q1 2021 reports of Danaher Corporation (NYSE: DHR) state the net earnings of $1.7 billion or $2.29 per share. The numbers mark a jump of 182.5% from the same period last year. The company’s board announced a dividend of $0.21 per share this quarter. The stock has been performing extremely well for the past five years and has soared by over 7% year to date.
1. GFL Environmental Inc. (NYSE: GFL)
Highbridge Capital’s Stake Value: $80,871,000
Percent of Highbridge Capital’s 13F Portfolio: 3.22%
Number of Hedge Fund Holders: 22
GFL Environmental Inc. (NYSE: GFL) is a Canadian waste management company, which provides environmental services in solid and liquid waste management and infrastructure development. As of Q1 2021, Highbridge Capital Management owns 991,428 shares of the company, worth $80.8 million.
In Q1 GFL Environmental Inc. (NYSE: GFL) reported a 27.4% increase in revenue at $1.18 billion, compared with the same period last year. Earlier this year, the company also announced a cash dividend of $0.01 per share.
GFL Environmental Inc. (NYSE: GFL) is in 22 out of 866 hedge funds’ portfolios as of Q1.
You can also take a peek at 10 Biggest Bitcoin Predictions in 2021 and 10 Best Stocks to Buy Now According to Billionaire George Soros.
