Is CryoPort (CYRX) a Smart Long-term Buy?

Baron Health Care Fund recently published its third-quarter commentary – a copy of which can be downloaded here. During the third quarter of 2020, the Baron Health Care Fund returned 11.64% (institutional shares). In comparison, the benchmark S&P 500 Index was up 8.93%, while the Russell 3000 Health Care Index was up 6.48%. You should check out Baron’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.

In the Q3 2020 Investor Letter, Baron Health Care Fund highlighted a few stocks and CryoPort Inc. (NASDAQ:CYRX) is one of them. CryoPort Inc. (NASDAQ:CYRX) provides cryogenic logistics solutions to the life sciences industry. Year-to-date, CryoPort Inc. (NASDAQ:CYRX) stock gained 186.6% and on December 9th it had a closing price of $47.18. Here is what Baron Health Care Fund said:

“CryoPort, Inc. provides cryogenic shipping to preserve high value samples like cell and gene therapies. Shares increased following the announcement of two attractive acquisitions in August. In our view, the MVE Biological Solutions acquisition from Chart is a good vertical integration play, while the CRYOPDP acquisition expands CryoPort’s geographic reach and offers transport across more temperature bands. We see significant upside just from the current pipeline of trials already being supported with a continued inflection in growth as more products flow through this pipeline into commercial shipments.”

In Q1 2020, the number of bullish hedge fund positions on CryoPort Inc. (NASDAQ:CYRX) stock increased by about 13% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in CryoPort’s growth potential. Our calculations showed that CryoPort Inc. (NASDAQ:CYRX) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

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Disclosure: None. This article is originally published at Insider Monkey.