Was Billionaire Jeffrey Talpins Right About These 5 Stocks?

4. Convey Health Solutions Holdings, Inc. (NYSE:CNVY)

No. of Hedge Fund Holders: 10

Performance of CNVY Over the Past Six Months: Convey was sold to TPG Capital in June 2022 for $10.50 per share in cash, or approximately $1.1 billion.

Convey Health Solutions Holdings, Inc. (NYSE:CNVY) is a healthcare platform utilizing technology and processes for the improvement of government-sponsored health plans, including Medicare Advantage. The company carries out its operations in 2 business segments: Technology-Enabled Solutions and Advisory Services.

Barclays initiated coverage on Convey Health Solutions Holdings, Inc. (NYSE:CNVY) and downgraded the stock from an “Overweight” rating to an “Equal-weight” rating. They also lowered the price target from $12.00 to $11.00 on June 22.

Insider Monkey scanned 895 hedge fund portfolios for the second quarter of 2022 to find out that 10 bought the company’s shares.