5 Stocks to Invest in According to Malcolm Levine’s Dendur Capital

2. Elanco Animal Health Incorporated (NYSE:ELAN)

Dendur Capital Stake Value: $107,400,000
Percentage of Dendur Capital’s 13F Portfolio: 16.07%
Number of Hedge Fund Holders: 32

Elanco Animal Health Incorporated (NYSE:ELAN) is a pharmaceutical firm based in the United States that makes medications and vaccines for pets and animals. Scott Ferguson’s Sachem Head Capital is the most significant shareholder of Elanco Animal Health Incorporated (NYSE:ELAN) with 27.84 million shares, worth over $887.67 million.

On November 18, Morgan Stanley analyst Erin Wright initiated coverage of Elanco Animal Health Incorporated (NYSE:ELAN), rating the stock as “Overweight” and gave a price target of $40. In earnings for the third fiscal quarter, disclosed in November, Elanco Animal Health Incorporated (NYSE:ELAN) posted earnings per share of $0.19, beating market estimates by $0.02. In addition, the revenue over the period was $1.13 billion, beating market predictions by $50 million.

Elanco Animal Health Incorporated (NYSE:ELAN) was in 32 hedge fund portfolios in the third quarter of 2021.