This Fund Dumped Apple, Replaced It With Skechers USA, Lantheus Holdings, and More

Lantheus Holdings Inc. (NASDAQ:LNTH) stock forms 0.35% of Lucus Advisors’ portfolio at the end of September quarter. The fund held 49,651 shares of the company with the market value of $411,000.  The number of funds from our hedge fund database long Lantheus Holdings was at four in the quarter ending June. The total value of their holdings stood at $5.894 million, in comparison to $4.291 million held by two funds at the end of previous quarter. Lantheus Holdings reported $0.15 per share in adjusted net income for the third quarter. The company’s revenue for the same time period stood at $73.1 million, surpassing guidance of revenue in the range of $68 million to $70 million.

OMNOVA Solutions Inc. (NYSE:OMN) stock gained 19% this year so far. Lucus Advisors bought 48,664 shares of the company during the September quarter. The market value of the holding stands at $411,000 million and forms 0.35% of Lucus Advisors’ portfolio. 10 hedge funds from our database have positions in OMNOVA Solutions, with total holdings of about $33 million as on the end of June quarter, amounting to about 10.10% of the company’s outstanding stock. The company today announced the departure of its CEO Kevin M. McMullen. He also held the positions of chairman, president and board membership. He will be succeeded by Anne P. Noonan as the company’s President and Chief Executive Officer, with effect from December 1.

Community Health Systems (NYSE:CYH) stock declined 77% this year as it also saw Lucus Advisors initiating the position in the company stock. The investment firm held 35,166 shares of Community Health worth $406,000 as on the end of September quarter. 33 hedge funds we track hold about $280 million of Community Health stock as on the end of June quarter, in comparison to 42 funds holding stock worth $493 million the previous quarter. The company recently reported its third quarter loss at $0.35 per share, in line with consensus estimates. The company’s net operating revenue at $4.38 billion surpassed street expectation of $4.27 billion. Camber Capital recently disclosed a large position in the stock though CYH shares plunged following Donald Trump’s election surprise.

DISCLOSURE – NONE