Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Era Group Inc (ERA), BioMarin Pharmaceutical Inc. (BMRN), & Assured Guaranty Ltd. (AGO) Among Stocks Amici Capital Is Bullish on

Both companies are part of the biotechnology industry, which is not surprising, taking into account that investing in biotech stocks has proven to be a very profitable approach so far. However, if the biotech bubble is about to burst (according to many experts of late), Amici’s holdings in both United Therapeutics Corporation (NASDAQ:UTHR) and BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) don’t bear a lot of risk, since they only amass around 12% of the equity portfolio. Moreover, United Therapeutics Corporation (NASDAQ:UTHR), with a market cap of $8.1 billion, has a solid track record of revenue and earnings growth over the last several years. Another shareholder of the company is William Leland Edwards’ Palo Alto Investors, which owns 1.40 million shares as of the end of 2014.

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN)’s stock meanwhile has been gaining ground not only on the back of the company’s performance, but also amid many takeover rumors. Last year Switzerland-based Roche was mentioned as a possible buyer, while last week Shire PLC (ADR) (NASDAQ:SHPG) appeared on the Street’s radars as a party that might be interested in BioMarin Pharmaceutical Inc. (NASDAQ:BMRN). However, so far all these rumors seem to be unfounded, and investors have been piling up capital into the company. One of the more bullish investors is Julian and Felix Baker‘s Baker Bros. Advisors, which added 1.34 million shares to its position during the last three months of 2014 and owns 3.71 million shares according to its latest 13F filing.

On the third spot in Amici Capital’s equity portfolio is Assured Guaranty Ltd. (NYSE:AGO), in which the investor holds close to 3.48 million shares, valued at $90.38 million. Biomarin and Assured Guaranty are two of the fund’s long-term picks and over the last years the investor has benefited from strong growth of both stocks. Assured Guaranty Ltd. (NYSE:AGO) is a small-cap insurance company engaged in providing credit protection products for the public finance and structured finance markets. The company has a ‘Buy’ consensus rating and a target price of $33 per share, which is approximately a 28% premium over the current price. Among the funds that we track, Amici owns the second-largest long position in Assured Guaranty Ltd. (NYSE:AGO), trailing Debra Fine’s Fine Capital Partners, which holds 5.61 million shares.

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...