Michael Burry’s Top 5 Stock Picks For 2024

3. HCA Healthcare, Inc. (NYSE:HCA)

Scion Asset Management’s Stake Value: $5.41 million

Number of Hedge Fund Holders: 72

HCA Healthcare, Inc. (NYSE:HCA) manages hospitals and healthcare facilities across the United States. These facilities provide a range of medical services, including inpatient care, intensive care, cardiac care, diagnostics, and emergency services. During the fourth quarter of 2023, HCA Healthcare, Inc. (NYSE:HCA) was among Michael Burry’s stock picks. He held 20,000 shares of the stock valued at $5.41 million.

On January 30, HCA Healthcare, Inc. (NYSE:HCA) declared a $0.66 per share quarterly dividend, a 10% increase from the previous dividend of $0.60. It is to be paid on March 29 to shareholders on record as of March 15.

According to Insider Monkey’s fourth quarter database, 72 hedge funds were bullish on HCA Healthcare, Inc. (NYSE:HCA), compared to 71 funds in the prior quarter. Jean-Marie Eveillard’s First Eagle Investment Management held the largest stake in the company, consisting of 4.5 million shares worth $1.22 billion.

Diamond Hill Large Cap Strategy made the following comment about HCA Healthcare, Inc. (NYSE:HCA) in its Q3 2023 investor letter:

“Health care facilities operator HCA Healthcare, Inc. (NYSE:HCA) and medical device company Abbott Laboratories were also among our bottom contributors. Despite solid fundamental performance, HCA Healthcare experienced some share price weakness during Q3. This appears to be more a result of short-term noise and sell-side expectations rather than any significant operational or financial issues.”