5 Stocks Better than AMC According to Hedge Funds

3. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 55   

Oracle Corporation (NYSE:ORCL) is a Texas-based firm that markets enterprise software and related services. It is ranked third on our list of 10 stocks better than AMC according to hedge funds.

On September 14, investment advisory Monness Crespi reiterated a Buy rating on Oracle Corporation (NYSE:ORCL) stock and raised the price target to $115 from $113, highlighting the “solid” outlook for the firm in the coming months based on guidance numbers. 

At the end of the second quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $2.8 billion in Oracle Corporation (NYSE:ORCL), up from 52 in the preceding quarter worth $2.8 billion.

Here is what Ariel Investments has to say about Oracle Corporation (NYSE:ORCL) in its Q1 2021 investor letter:

“A temporary factor might be a downturn in the high-yield bond market driving up LBO financing costs for the decline in 2021 GAAP revenue for Oracle Corporation (ORCL) due to a change in accounting methods. In all these examples, stock prices were driven well-below our calculations of intrinsic value. We invested in each company with good outcomes. Later, we will offer instances when this strategy is not successful.”