Mario Gabelli is Doubling Down on These 5 Stocks

4. Perrigo Company plc (NYSE:PRGO)

Number of Hedge Fund Holders: 28

Percentage Increase in Stake During Q3: 218% 

Perrigo Company plc (NYSE:PRGO) provides health and wellness solutions. Securities filings show that GAMCO Investors owned 30,835 shares in the company at the end of the third quarter of 2021 worth $1.4 million, representing 0.01% of the portfolio. 

Perrigo Company plc (NYSE:PRGO) recently missed market expectations on earnings per share and revenue for the third quarter. Raymond James lowered the price target on the stock after the results and called them “disappointing” but maintained an Outperform rating. 

At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $457 million in Perrigo Company plc (NYSE:PRGO), down from 33 in the preceding quarter worth $397 million.