David Einhorn And Hedge Fund SkyTop Capital Love These Stocks (Micron Doesn’t Love Them Back)

The current stake of SkyTop Capital in Liberty Global Plc (NASDAQ:LBTYK) counts as 285,126 shares with a market value of $14.20 million. Liberty Global Plc (NASDAQ:LBTYK) is the largest international cable manufacturer, operating in 14 countries around the world. The company aims at high growth both organically and through M&A deals. One of the latest consummated acquisitions was closed with Liberty Cablevision of Puerto Rico LLC, the second largest cable and broadband services provider in Puerto Rico. Year-to-date, Liberty Global Plc (NASDAQ:LBTYK) made its investors richer by 9.65%, partially due to a $500 million share buyback arranged at the beginning of the year. Greenlight Capital held 3.11 million shares, valued at $154.86 million at the end of the first quarter. Again, both managers preferred to stay away from making any moves in their holdings.

Sobol and Hess disagreed with Einhorn on the destiny of NorthStar Asset Mgmt Group Inc (NASDAQ:NSAM). By the end of March, Skytop Capital Management still held the same 317,200 shares in its portfolio, valued at $7.40 million. David Einhorn was in the mood to take money off the table and sold 31% of his holding in NorthStar Asset Mgmt Group Inc (NASDAQ:NSAM), closing the quarter with 3.18 million shares, valued at $74.11 million. This asset management firm specializes in real estate and investment platforms internationally. The latest earnings report disappointed Wall Street, with underperforming EPS, which resulted in a share price drop by 11.52% year-to-date. Nevertheless, analysts at Deutsche Bank recommend buying the shares, with a consensus target price of $27.88, which offers lucrative 36.6% upward potential from the $19.97 at which the stock is changing hands now.

The last company on the list is Scientific Games Corp (SGMS), a developer of lottery and gaming technology-based equipment, games, and game content. The stock of this company has appreciated by 26.32% since the beginning of 2015, yet it managed to disappoint analysts with a miss on the top line, reporting $658.7 million in sales, or $56.4 million less than expected. Both hedge fund managers decided to open positions in Scientific Games Corp (SGMS) during the first three months of the year. SkyTop Capital Management acquired 100,000 shares worth $1.05 million, while 2.04 million shares valued at $21.31 million were bought by Greenlight Capital by the end of the first quarter.

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