5 Stocks to Buy Now According to Wayne Yu’s BCK Capital

4. Cerner Corporation (NASDAQ:CERN)

BCK Capital Stake Value: $6,723,000
Percentage of BCK Capital’s 13F Portfolio: 4.52%
Number of Hedge Fund Holders: 36

Cerner Corporation (NASDAQ:CERN) provides health information technology services, systems, and hardware in the United States. Following reports of Oracle Corporation (NYSE:ORCL)’s plans to acquire Cerner Corporation (NASDAQ:CERN), KeyBanc analyst Donald Hooker downgraded the stock to Sector Weight from Overweight on December 21.

Wayne Yu’s BCK Capital added Cerner Corporation (NASDAQ:CERN) to its portfolio in the fourth quarter of 2021, buying 72,391 shares. At the end of the third quarter of 2021, 36 hedge funds in the database of Insider Monkey held stakes valued at $1.28 billion in Cerner Corporation (NASDAQ:CERN), down from 38 the preceding quarter totaling $1.39 billion.

Cooper Investors, in its first-quarter 2021 investor letter, discussed its stance on Cerner Corporation (NASDAQ:CERN). Here is what the fund said:

“The investment in Cerner, made just over a year ago, was based on what we perceived to be a Low-Risk Turnaround opportunity as a refreshed management team sought to increase margins, reduce capex and utilise balance sheet latency with buybacks and acquisitions. Taking account of the tough 2020 for Cerner’s hospital client base the company did a reasonable job executing on these initiatives. However, moving into 2021 more recent observations around intentionality and focus led to a reassessment of the investment proposition, particularly relative to the portfolio’s other technology and software investments.”