Manitowoc Company Inc (MTW), Apollo Education Group, Inc. (APOL) & More: Billionaire Larry Robbins’ Latest Moves and Top New Picks

Let’s move on to Robbins’ top new picks from the fourth quarter, which are Apollo Education Group, Inc. (NASDAQ:APOL) and Jarden Corp (NYSE:JAH). In Apollo Education Group, Inc. (NASDAQ:APOL) Robbins opened a position of 5.40 million shares during the quarter, making him the largest shareholder among the funds we track. Josh Resnick’s Jericho Capital Asset Management also opened a large new position that contains 1.26 million shares as of the end of 2014.

One of the largest providers of private education in the world, Apollo Education Group, Inc. (NASDAQ:APOL) announces its second quarter 2015 results tomorrow, and investors will be looking for positive news following disappointing results in early January that contributed to the stock’s 18% decline since the beginning of the year. Enrollments have been sluggish for several quarters due to intense competition in the higher education sphere, and revenue per student is expected to continue dipping.

In Jarden Corp (NYSE:JAH), Robbins initiated a stake that contains 2.88 million shares, making him the third largest shareholder among funds we track behind Murray Stahl’s Horizon Asset Management, which had a 7.63 million share position, and Senator Investment Group with 3.75 million shares. Jarden Corp (NYSE:JAH) operates dozens of brands in the branded consumables, as well as consumer and outdoor solutions industries. Among the most prominent are Sunbeam, Oster, Crock*Pot, Coleman, and Rawlings.

Shares of Jarden Corp (NYSE:JAH) have been on an impressive run since the beginning of 2012, up more than 300% over the past three years. Despite the strong run, analysts who have weighed in on the stock over the past two months see more upward momentum in its future and continue to rate it as a ‘Buy’, including analysts at JP Morgan Chase & Co., Deutsche Bank, and Jefferies Group.

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