TOP 10: Biotech stocks being bought and sold by billionaires right now

By Admin
Biotech and health care stocks continue to be some of the most popular to watch, and the wave of consolidations in the health and pharma space is attrac...

Biotech and health care stocks continue to be some of the most popular to watch, and the wave of consolidations in the health and pharma space is attracting top hedge fund billionaires.

Forbes recently compiled a list of the 20 biotech and health care stocks the richest hedge fund billionaires are looking at based on the number of billionaires who either bought or sold the stock in at least 10,000 shares.

RELATED TOPIC: 3 stocks to watch in the US medical marijuana market

The year 2015 saw a sharp increase in the number of M&A deals, and the events shifted the interest in certain stocks. The anticipation of more deals to come drew “votes of confidence” for targets such as Teva Pharmaceutical. Actavis, however, is on both the top selling and buying list as hedge fund billionaires can’t seem to agree with the most widely held stock among U.S. hedge funds.

Top stocks being bought
1. Actavis
2. Curis  
3. Endo International
4. Teva Pharmaceutical
5. Boston Scientific

 

Actavis is 24 percent owned by hedge funds. The debate on whether to buy or sell this stock stems from the merger between the Dublin-based drug giant and Botox maker Allergan.

RELATED TOPIC: The 3 most expensive pharmaceutical mergers and acquisitions

Top stocks being sold
1. HCA Holdings
2. Abbvie
3. Actavis
4. Medtronic
5. Shire

 

HCA Holdings comes at No. 1 on Forbes’ list, as nine hedge fund billionaires cut back their positions at the end of Q1 after the hospital operator’s positive stock return over the past year. The stock, however, jumped 9 percent in June as the Supreme Court ruled to uphold an important part of the Affordable Care Act, benefitting hospital operations.  

RELATED TOPIC: Anthem to become largest US health insurer after $54B Cigna acquisition

To see the complete list, visit Forbes

Let's connect!   

Read the latest edition of Healthcare Global magazine!

Share

Featured Articles

Siemens: smart finance to help medical technology growth

Penny Pinnock, Business Development Manager at Siemens Financial Services UK, discusses how adopting digital technology can support the healthcare sector

Healthcare Digital news roundup: prostate cancer & AI

This week in Healthcare Digital, we heard from experts in the sector: Trevor Dearing from Illumio, Avenda Health’s Brit Berry-Pusey & Vish Charan of Abbott

Lexica shares post-COVID-19 digital healthcare trends

Joanna Smith, Digital Advisory Lead at consulting company Lexica, explores the impact of COVID-19 on digital healthcare & what role health data can play

Medical devices expanding senior healthcare innovation

Medical Devices & Pharma

Abbott’s CRM medical devices can help cardiac arrhythmia

Medical Devices & Pharma

AutoRABIT CEO Meredith Bell on DevOps strategy in healthcare

Hospitals