In this article, we will discuss 5 healthcare stocks to buy according to Peter S. Park’s Park West Asset Management based on Q2 holdings of the fund. If you want to read our detailed analysis of Park’s history, investment philosophy, and hedge fund performance, go directly to the 10 Healthcare Stocks to Buy According to Peter S. Park’s Park West Asset Management.
5. Heska Corporation (NASDAQ:HSKA)
Park’s Stake Value: $23,830,000
Percentage of Peter S. Park’s 13F Portfolio: 0.67%
Number of Hedge Fund Holders: 20
Heska Corporation (NASDAQ:HSKA) is a veterinarian and animal health diagnostics and specialized products company. It was incorporated in 1988 and is placed fifth on the list of 10 healthcare stocks to buy according to Peter S. Park’s Park West Asset Management.
On September 9, Biotech Holdings U.S.A. sold Biotech Laboratories U.S.A. to Heska Corporation (NASDAQ:HSKA). On August 4, Alliance Global Partners analyst Ben Haynor raised his price target on Heska Corporation (NASDAQ:HSKA) to $310 from $240 and reiterated a “Buy” rating on the shares.
4. IQVIA Holdings Inc. (NYSE:IQV)
Park’s Stake Value: $38,565,000
Percentage of Peter S. Park’s 13F Portfolio: 1.09%
Number of Hedge Fund Holders: 69
IQVIA Holdings Inc. (NYSE:IQV) is a multinational company headquartered in the United States that specializes in health information technology and clinical research.
On September 10, Argus analyst Jasper Hellweg raised his price target on IQVIA Holdings Inc. (NYSE:IQV) to $290 from $260 and maintained a “Buy” rating on the shares.
Park West Asset Management holds 159,150 shares in IQVIA Holdings Inc. (NYSE:IQV), worth $38.57 million. This represents 1.09% of their portfolio. The company is getting the attention of the smart money, as 69 hedge funds tracked by Insider Monkey reported owning stakes in IQVIA Holdings Inc. (NYSE:IQV) in the second quarter of 2021, up from 62 funds a quarter earlier.
3. Semler Scientific, Inc. (OTC:SMLR)
Park’s Stake Value: $68,060,000
Percentage of Peter S. Park’s 13F Portfolio: 1.93%
Number of Hedge Fund Holders: 1
Semler Scientific, Inc. (OTC:SMLR) creates, produces, and distributes unique products that help healthcare practitioners in the United States to treat patients with chronic illnesses.
Park West Asset Management holds 608,818 shares in Semler Scientific, Inc. (OTC:SMLR), worth $68.06 million, representing 1.93% of their investment portfolio, making it the leading shareholder in Semler Scientific, Inc. (OTC:SMLR).
2. Option Care Health, Inc. (NASDAQ:OPCH)
Park’s Stake Value: $131,827,000
Percentage of Peter S. Park’s 13F Portfolio: 3.75%
Number of Hedge Fund Holders: 31
Option Care Health, Inc. (NASDAQ:OPCH) delivers infusion treatment and other auxiliary health care services through a nationwide network of roughly 97 full-service pharmacies. The company was founded in 1996 and ranks second on the list of 10 healthcare stocks to buy according to Peter S. Park’s Park West Asset Management. Option Care Health, Inc. (NASDAQ:OPCH) currently has a $4.57 billion market capitalization and was able to deliver 105.77% return in the past 12 months.
On August 30, Lake Street analyst Brooks O’Neil raised his price target on Option Care Health, Inc. (NASDAQ:OPCH) to $35 from $27 and reiterated a “Buy” rating on the shares.
1. Change Healthcare Inc. (NASDAQ:CHNG)
Park’s Stake Value: $133,632,000
Percentage of Peter S. Park’s 13F Portfolio: 3.8%
Number of Hedge Fund Holders: 51
Change Healthcare Inc. (NASDAQ:CHNG) is a healthcare technology company that develops data- and analytics-driven solutions to improve clinical, financial, administrative, and patient engagement results in the US healthcare system. The company was founded in 2016 and is placed first on the list of 10 healthcare stocks to buy according to Peter S. Park’s Park West Asset Management. Change Healthcare Inc. (NASDAQ:CHNG) shares have returned 56.32% to investors over the course of the past 12 months.
On August 4, Change Healthcare Inc. (NASDAQ:CHNG) posted earnings for the second quarter of 2021. It declared earnings per share of $0.41, missing the estimates by $0.03. Revenue over the period was $867.9 million, up 25.0% YoY, beating the market predictions by $10.33 million.
Park West Asset Management added this stock to its portfolio in the second quarter of 2021. The hedge fund bought 5.80 million shares in Change Healthcare Inc. (NASDAQ:CHNG), worth over $133.63 million, representing 3.8% of their portfolio. David Abrams’s Abrams Capital Management is Change Healthcare Inc.’s (NASDAQ:CHNG) most significant stakeholder, with 13.94 million shares worth $321.27 million.
You can also take a peek at 10 Best Healthcare Stocks To Buy and 10 Best Healthcare Stocks to Buy According to Larry Robbins’ Glenview Capital
