Hedge Funds Bought Starz and More

Page 1 of 2

Hedge funds and other major investors shouldn’t be followed blindly, but we think that it can be useful to see what stocks these investment managers like and treat them as suggestions- much like the results of a stock screen. Investors can take a quick look at their picks and decide whether or not they are worthy of further analysis. We have gone through recent 13D and 13G filings (which disclose large positions, or changes to large positions, relatively recently after they occur) from our database of notable investors and here is our quick take on five stocks that hedge funds have bought recently:

SAC CAPITAL ADVISORS

Billionaire Steve Cohen’s SAC Capital Advisors has disclosed that it owns 6.3 million shares of Starz (NASDAQ:STRZA), which represents nearly 6% of the total shares outstanding. See more of Cohen’s stock picks. The company’s premium subscription TV channels include Starz and Encore. Some commentators have suggested that the newly independent Starz will be an attractive acquisition target; peers HBO and Showtime are owned by Time Warner Inc. (NYSE:TWX) and CBS Corporation (NYSE:CBS), respectively. The current market price represents a multiple of 9 to analyst earnings consensus for 2013. Gates Capital Management recently reported a large position in Starz as well.

Iridian Asset Management, a fund which is co-managed by David Cohen and Harold Levy, has continued adding to its position in specialty chemicals company W.R. Grace & Co. (NYSE:GRA), whose primary products are catalysts used to produce transportation fuels. The current stake of 4.5 million shares- a 67% increase from the end of September, which in turn represented significant buying in Q3- should make the stock one of Iridian’s top holdings. Find more of Iridian’s favorite stocks. W.R. Grace reported lower sales and net income in the third quarter of 2012 than a year earlier, and the stock currently trades at 21 times trailing earnings. We don’t think that it is a good buy right now.

Iridian was also buying another stock tied to energy:

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Reign of Terror: The 10 Most Ruthless Politicians in History

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!