5 New Stock Picks of Billionaire Mario Gabelli

4. Itamar Medical Ltd. (NASDAQ:ITMR)

Number of Hedge Fund Holders: 11   

Itamar Medical Ltd. (NASDAQ:ITMR) is a medical technology company. The stock has surged since another medical tech firm, ZOLL Medical Corporation, announced in mid-September that it would be taking over Itamar for $538 million at a price of $31 per ADS. This represented a premium of 50% over the price of Itamar stock the day the takeover was agreed upon. 

According to the latest data, GAMCO Investors owned 42,854 shares in Itamar Medical Ltd. (NASDAQ:ITMR) at the end of September 2021 worth $1.2 million, representing less than 0.01% of the portfolio of the fund. 

At the end of the second quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $91 million in Itamar Medical Ltd. (NASDAQ:ITMR), down from 13 in the previous quarter worth $90 million.