Napier Park Lives Up To Billing; Picks Return 12.79% In Q2

According to the most recent 13F filing, Napier Park Global Capital held around 32.77 million shares of Allergan PLC (NYSE:AGN) valued at $9.75 million. During the second quarter the stock appreciated by 6.7%. On June 4, Bank of America Merrill Lynch reported an increase in the target price of this pharmaceutical giant, lifting it to $350 per share. The analysts believe that the stock of Allergan PLC (NYSE:AGN) still has 13-14% upside from where the price stands at present, as the growth potential has not been fully priced-in yet. Andreas Halvorsen‘s Viking Global held some 6.11 million shares of Allergan PLC (NYSE:AGN), valued at $1.82 billion, clearly believing in that potential as well.

The last on our list is Lions Gate Entertainment Corp (USA) (NYSE:LGF), in which Napier Park Global Capital trimmed its equity stake by 44% during the first quarter. After this adjustment the fund ended up holding 148, 243 shares of Lions Gate Entertainment Corp (USA) (NYSE:LGF) valued at some $5.03 million.  The investors in the stock of this company must be generally satisfied with the direction of its price movement. Lions Gate Entertainment Corp (USA) (NYSE:LGF) has returned around 18.18% in equity gains over the past year, not to mention a 0.26% dividend yield. During the second quarter of 2015 alone, the stock went up by 12.03%. The share price has mostly benefited from robust growth in the TV segment and lower administrative expenses, which led to a rise in operating profits. However, Lions Gate Entertainment Corp (USA) (NYSE:LGF), being one of the major players of the film industry, has reported a 19% decrease in film production segment sales. It raises the obvious question regarding whether the company still has any upward potential after the most recent rally. Mark Rachesky‘s MHR Fund Management held some 51.26 million shares worth $1.74 billion after the first three months of the year.

Disclosure: None