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Billionaire Leon Cooperman’s Top New Stocks ~ Humana Inc (HUM), Targa Resources Corp (TRGP), HRG Group Inc. (HRG)

Omega Advisors also acquired a new stake of 10.75 million shares in HRG Group Inc. (NYSE:HRG), which is valued at $134.14 million. HRG Group Inc., a diversified holding company that acquires and owns fast-growing and attractive businesses, has suffered a decline in its shares of slightly more than 7% since the beginning of the current year. Nevertheless, the stock has been on a strong uptrend recently as the company reported strong financial results in early May. HRG Group delivered total revenues amounting to $1.4 billion for its fiscal second quarter of 2015, which marks an increase of $30.3 million when contrasted to the same quarter a year ago. It’s worth mentioning that the company was able to generate this solid revenue growth despite unfavorable foreign exchange rates in a few business areas. Ian Cumming and Joseph Steinberg’s Leucadia National is the largest investor in HRG Group Inc. (NYSE:HRG) from the hedge funds we track, owning 46.60 million shares.

Lastly, Omega Advisors purchased 593,400 shares of Humana Inc (NYSE:HUM) valued at $105.64 million. Back in February we ranked Humana as the number one takeover target hedge funds were betting on, and on Friday, shares of the health insurance provider leapt by 20% as it announced it would explore a sale in partnership with Goldman Sachs, with Aetna Inc (NYSE:AET) and Cigna Corporation (NYSE:CI) considered the two leading candidates to pursue the company. Humana, which is particularly attractive for its strong foothold in the Medicare Advantage business, in which it had 3.19 million members as of April 10, pulled in $48.5 billion in revenue in 2014, placing it fourth among U.S health insurers and ahead of Cigna. Shares of Humana are up by 49% year-to-date. Billionaires Larry Robbins and Andreas Halvorsen are among some of the other investors we track who hold large positions in Humana Inc (NYSE:HUM) as of March 31.

Disclosure: None

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