Michael Burry’s Latest Stock Pick: HCA Healthcare
While it isn’t uncommon for famous investors to have a significant portion of their portfolio in a single stock, others prefer to diversify. Michael Burry, known for his role in “The Big Short” during the 2008 crisis, falls into the latter category. However, his latest portfolio update reveals a new addition – HCA Healthcare.
How much HCA stock does Burry own?
According to Scion Asset Management’s latest filing, Michael Burry acquired 20,000 shares of HCA Healthcare in the fourth quarter of 2023. It is likely that he took advantage of a temporary drop in the stock market after HCA’s Q3 earnings report showed a $100 million loss in a joint venture with Valseco.
HCA stock price chart
Despite the setback mentioned above, HCA Healthcare has shown strong performance. In the last 52 weeks, the stock has risen by 26.27%, and it is up 13.76% year-to-date. Over the past 30 days, HCA shares have increased by 9.23%, although there was a slight slowdown in the most recent week of trading.
The latest closing price for HCA Healthcare was $313.20, representing a decline of 0.68%. If Burry bought the stock near its six-month low, he would have paid around $4.5 million and made approximately $1.76 million by February 27.
HCA Healthcare 12-month forecast
Analysts on the stock analysis platform TipRanks have given HCA Healthcare an average rating of “strong buy.” There are 13 “buy” ratings and no “sell” ratings among the 16 experts represented on the platform. The average price target for the stock is $325.75, indicating a potential upside of 4.01%.
While some experts believe HCA Healthcare could climb as high as $370, Goldman Sachs has set a target of $271, which is 14.47% below the current price.
📈 Overall, HCA Healthcare appears to be a promising investment according to Michael Burry’s recent purchase and the positive outlook from analysts. With its continuous expansion and tendency to exceed analyst expectations, the stock has shown strong performance in recent months. However, it’s important to conduct your own research and consider multiple factors before making any investment decisions in the crypto market. 💰
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