Insider Activity at Three of George Soros’ Picks

Over the past three months, a few of the companies in which George Soros’ Soros Fund Management holds stakes have seen their insiders acquire shares. When you combine hedge fund and insider bullishness, chances to outperform the market, grow. And as we have recently reviewed four Warren Buffett picks with recent insider activity, let’s take a look at three companies that would sure make interesting cases for further analysis, in advance of the upcoming 13F filings.

George Soros

First off is EQT Corporation(NYSE:EQT), a $15.6 billion market cap oil and gas exploration and production company that boasts industry leading margins and above average returns. However, trading at 51.8 times the company’s earnings, its stock is no bargain. Notwithstanding, Soros recently increased his stakes in it by 34%, to 2.49 million shares, worth more than $256 million, and is now the third largest institutional shareholder at EQT, trailing Ken Griffin and Jeffrey Tannenbaum, who own 2.6 million and 2.88 million shares, respectively.

Insider activity in the company was not huge, but a few moves have taken place since the beginning of the year. Two board directors, Bray A. Cary Jr. and Philip Behrman, increased their stakes in the stock over the past few months. They now hold 9,278 shares and 6,543 shares, respectively, with a combined value of more than $1.6 million. With analysts expecting it to deliver average annual EPS growth rates around 38% over the next five years, and both insiders and funds betting on this stock, the option of investing should certainly be considered.

One mega-cap company that has seen an insider purchase its stock lately is JPMorgan Chase & Co. (NYSE:JPM), the widely renowned financial services firm. Soros recently reported having started a position in the stock with more than 2.8 million shares, valued at more than $155 million. In addition, one Board Director, James Crown, bought over the last couple of days of January, 500,000 shares for prices ranging from $55.41 per share to $56.00 per share. Moreover, besides insiders and Soros, other big names are betting on this stock´s performance. Amongst them, we can count Ken Fisher, Paul Ruddock and Steve Heinz, and Richard S. Pzena.

Finally, there’s Leucadia National Corp. (NYSE:LUK), a $9.37 billion market cap company engaged in investment banking and capital markets, beef processing, manufacturing, energy projects, asset management and real estate, of which Soros holds 4.28 million shares. Soros started this position over 2013’s Q4, and his stake is worth about $110 million. In addition to the investment guru, a Board Director at Leucadia also acquired some shares. Harry Stuart Reese procured, on March 25th, 4,000 shares of the company, for $27.11 each. On top of this insider and Mr. Soros, other major hedge fund managers are also betting on this stock. This is the case of D E Shaw, who recently increased his stakes in the company by 9%, to 1.6 million shares, and Bruce Berkowitz, whose fund owns more than 17.9 million shares of the company.

All three of these companies can offer, not only institutional and insider backup, but also, good growth prospects. Bound to grow, but trading at not-cheap valuations, I believe it might still be time to invest in them.

Disclosure: Javier Hasse hold no position in any stocks mentioned

Recommended Reading:

Insider Activity At Brown Shoe Company (BWS) and Flexsteel Industries (FLXS)

Insiders Betting on CONN’S, Inc. (CONN) & RCS Capital Corp (RCAP)

Insiders are Buying Western Asset Mortgage Capital Corp (WMC) and Callon Petroleum Company (CPE)

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

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

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!