Michael Burry Is Dumping These 5 Stocks

3. Cardinal Health, Inc. (NYSE:CAH

Number of Hedge Fund Holders: 40    

Cardinal Health, Inc. (NYSE:CAH) operates as an integrated healthcare solutions firm. Scion Asset Management had owned CALL options against 857,700 shares of the company worth $48 million at the end of the second quarter. All these options were exercised in the third quarter. 

On November 12, investment advisory Deutsche Bank kept a Hold rating on Cardinal Health, Inc. (NYSE:CAH) stock and raised the price target to $59 from $51, noting the “modest” earnings beat of the firm in the third quarter results. 

At the end of the second quarter of 2021, 40 hedge funds in the database of Insider Monkey held stakes worth $897 million in Cardinal Health, Inc. (NYSE:CAH), up from 39 in the previous quarter worth $967 million.