5 Best Stocks to Buy Now According to Billionaire Larry Robbins

1. Tenet Healthcare Corporation (NYSE:THC)

Glenview Capital’s Stake Value: $548 million

Percentage of Glenview Capital’s 13F Portfolio: 11%

Number of Hedge Fund Holders: 55

The number one stock on the list of 10 best stocks to buy now according to billionaire Larry Robbins is Tenet Healthcare Corporation (NYSE:THC). It is one of the largest healthcare corporations in the US. The company operates 65 hospitals and more than 450 healthcare facilities. 

On June 16, Loop Capital analyst Joseph France initiated coverage of Tenet Healthcare Corporation with a Buy rating on the shares and a $80 price target. The analyst said that the company’s rapidly growing ambulatory surgery business could generate well over half of its adjusted EBITDA within a span of two years. France added that he likes THC because he expects that the valuation discrepancy will ultimately be addressed by Tenet’s management.

Oakmark Funds discussed Tenet Healthcare in their Q3 2021 letter. Here’s what they had to say:

“Tenet may be best known as the second-largest public hospital chain in the U.S., but its largest business is outpatient acute care centers. In early 2020, investors fled the health care industry because of the great uncertainty that the pandemic presented. The early days of the pandemic were very hard on the hospital industry especially, but as the Covid-19 surge peaked and diminished, hospitals were able to schedule elective procedures and engage in profitable activities.”

You can also take a peek at 5 Value Stocks to Buy According to Billionaire David Tepper and Top 10 Stock Picks of Randall Smith’s Alden Global

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