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Stocks Steven Cohen Continues to Buy

- By Tiziano Frateschi

Steven Cohen (Trades, Portfolio), a billionaire hedge fund investor, is the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund that he continues to manage. He manages a portfolio composed of 668 stocks with a total value of $14.303 billion. In both the fourth and third quarters of 2016 the guru bought shares in the following stocks:


LHC Group Inc. (LHCG)

During the third quarter of 2016, the guru increased his stake by 41.64% and in the fourth quarter increased it by 149.44%. The guru holds 0.62% of the stock's outstanding shares.

LHC Group provides post-acute health care services to patients through its home nursing agencies, community-based services agencies, hospice agencies and long-term acute care hospitals. Third quarter net service revenue increased 13.1%, and income attributable to LHC Group grew 8.7% from the same quarter of a year before. The company expects the current upward trend in same-store organic growth to continue as a result of increasing market awareness.

Jim Simons (Trades, Portfolio) is another notable shareholder among the gurus with 0.5% of outstanding shares followed by Joel Greenblatt (Trades, Portfolio) with 0.07% and Paul Tudor Jones (Trades, Portfolio) with 0.05%.

Allied World Assurance Co. Holdings AG (AWH)

During third quarter of 2016, the investor increased his stake by 38.39% and again by 39.45% in the fourth quarter. The guru holds 0.15% of the stock's outstanding shares.

Allied World Assurance is a Swiss-based insurance and reinsurance holding company whose subsidiaries underwrite a diverse portfolio of property and casualty lines of business. During the fourth quarter the company reported a net loss of $40.9 million, or 47 cents per diluted share, compared to net income of $1.7 million, or 2 cents per diluted share, for the fourth quarter of a year before and operating income was $42.4 million, or 48 cents per diluted share, compared to operating income of $43.0 million, or 47 cents per diluted share, in the same quarter of 2015.

The largest shareholder among the gurus is Columbia Wanger (Trades, Portfolio) with 0.92% of outstanding shares followed by Simons with 0.72%, Keeley Asset Management Corp (Trades, Portfolio) with 0.27%, Mario Gabelli (Trades, Portfolio) with 0.02% and NWQ Managers (Trades, Portfolio) with 0.01%.

Horizon Pharma PLC (HZNP)

During the third quarter of 2016, the guru increased his position by 41.58%. In the fourth quarter, he again added to his position by 12.47%. The guru holds 0.35% of the stock's outstanding shares.

Horizon Pharma is a specialty pharmaceutical company. Its product portfolio consists of Actimmune, Duexis, Pennsaid 2% and Rayos/Lodotra, which addresses the unmet therapeutic needs in arthritis, pain, inflammatory and/or orphan diseases. Fourth quarter net sales grew 27%, and adjusted EBITDA increased 11%.

Ken Heebner (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.94% of outstanding shares followed by Julian Robertson (Trades, Portfolio) with 0.49%, Greenblatt with 0.08% and Jones with 0.06%.

AMC Networks Inc. Class A (AMCX)

During the third quarter of 2016, the investor increased his holding by 63.51% and again by 66.54% in the fourth quarter. The guru holds 0.25% of the stock's outstanding shares.

AMC Networks owns and operates several of cable television's brands delivering high quality content to audiences and a valuable platform to distributors and advertisers. During the fourth quarter net revenue increased 6.8%, reflecting 9.2% growth at National Networks and a decrease of $1 million at International and Other. The company reported a year-over-year decrease of 35.3% for operating income.

The largest shareholder among the gurus is Gabelli with 1.75% of outstanding shares followed by Simons with 0.98%, Murray Stahl (Trades, Portfolio) with 0.66%, Greenblatt with 0.53%, Jim Chanos (Trades, Portfolio) with 0.11%, Scott Black (Trades, Portfolio) with 0.06%, First Pacific Advisors (Trades, Portfolio) with 0.05%, Jones with 0.02% and David Dreman (Trades, Portfolio) with 0.01%.

Bloomin Brands Inc. (BLMN)

During the third quarter, the guru boosted his position by 123.71% and in the fourth quarter added another 63.93%. The guru holds 0.44% of the stock's outstanding shares.

Bloomin Brands is a casual dining restaurant company, with a portfolio of differentiated restaurant concepts. The company's concepts include Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar. During the fourth quarter, due to the sale of Outback Steakhouse South Korea restaurants in July 2016 and lower comparable restaurant sales, total revenues decreased 4.3%, and the company repurchased 1.8 million shares of common stock for a total of $35 million.

Keeley Asset Management Corp. is the largest shareholder among the gurus with 1.12% of outstanding shares followed by NWQ Managers with 0.44%, Richard Snow (Trades, Portfolio) with 0.32% and Jones with 0.01%.

RPC Inc. (RES)

During the third quarter, the investor increased his holding by 90.0% and in the fourth quarter by 41.89%. The guru holds 0.25% of the stock's outstanding shares.

RPC provides oilfield services and equipment primarily to oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the U.S. Fourth quarter operating loss was $32.2 million compared to an operating loss of $57.4 million in the prior year and net loss was $21.1 million or 10 cents loss per share, compared to net loss of $37.9 million, or 18 cents lost per share, in the same quarter of a year before.

The largest shareholder among the gurus is Gabelli with 1.94% of outstanding shares followed by Columbia Wanger with 0.89%, Pioneer Investments (Trades, Portfolio) with 0.53%, RS Investment Management (Trades, Portfolio) with 0.39%, Chuck Royce (Trades, Portfolio) with 0.17%, Stahl with 0.01% and Jones with 0.01%.

VCA Inc. (WOOF)

During the third quarter of 2016, the guru increased his stake by 487.31%. In the fourth quarter, he added to his position by 290.34%. The guru holds 0.38% of the stock's outstanding shares.

VCA provides veterinary services and diagnostic testing to support veterinary care and sells diagnostic imaging equipment and other medical technology products and related services to the veterinary market. Fourth quarter revenue increased 20.5%, and gross profit grew 14.5% from the same quarter of a year before. The company reported 16.3% growth for operating income.

Columbia Wanger is the largest shareholder among the gurus with 1.1% of outstanding shares followed by Andreas Halvorsen (Trades, Portfolio) with 0.67%, Robert Olstein (Trades, Portfolio) with 0.15%, Third Avenue Management (Trades, Portfolio) with 0.1%, Pioneer Investments with 0.09% and Gabelli with 0.01%.

Cigna Corp. (CI)

During the third quarter of 2016 the investor increased his stake by 34.31% and in the fourth quarter increased it by 18.50%. The guru holds 0.09% of the stock's outstanding shares.

Cigna is a health services organization with insurance subsidiaries that are providers of medical, dental, disability, life and accident insurance and related products and services and recently it announced that had terminated a merger agreement with Anthem Inc. (ANTM). During the fourth quarter total revenue grew 5%, driven by continued growth in the targeted customer segments. Adjusted income from operations was $485 million, or $1.87 per share, compared with $486 million, or $1.87 per share, for the same quarter of 2015.

The largest shareholder among the gurus is Dodge & Cox with 5.63% of outstanding shares followed by Vanguard Health Care Fund (Trades, Portfolio) with 2.76%, Larry Robbins (Trades, Portfolio) with 2.2%, Richard Pzena (Trades, Portfolio) with 0.9%, Lee Ainslie (Trades, Portfolio) with 0.78%, Barrow, Hanley, Mewhinney & Strauss with 0.78%, Eric Mindich (Trades, Portfolio) with 0.19%, Simons with 0.18% and David Einhorn (Trades, Portfolio) with 0.1%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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This article first appeared on GuruFocus.