Steven Cohen (Trades, Portfolio) bought 258 new stocks during the third quarter. He is the founder and manager of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund. Cohen manages a portfolio composed of 751 stocks with a total value of $12.74 billion.
The guru’s most noteworthy third-quarter new buy was the purchase of a 1,469,300-share stake in Eli Lilly and Co. (LLY). Cohen paid an average price of $84.37 per share. The deal had a 0.97% impact on the portfolio, and the price dropped 1%. It was trading at $81.14 per share Thursday.
The company has a market cap of $94.01 billion and an enterprise value of $97.79 billion. It operates in the Global Drug Manufacturers - Major industry. GuruFocus has given the stock a financial strength rating of 5/10 and a profitability and growth rating of 7/10. It has a P/E ratio of 37.48, a forward P/E ratio of 21.01, a P/B of 6.03 and a P/S of 4.49.
During the third quarter Jim Simons (Trades, Portfolio) and Caxton Associates (Trades, Portfolio) made the stock a new buy.
Cohen also acquired 775,900 shares of The Kraft Heinz Co. (KHC) and paid an average price of $75.49 per share. The deal had a 0.43% impact on the portfolio, and the price dropped by 3%. It was trading at $72.1 per share Thursday.
Kraft Heinz has a market cap of $88.52 billion and an enterprise value of $109.54 billion. It operates in the Global Packaged Foods industry. GuruFocus has given the stock a financial strength rating of 5/10 and a profitability and growth rating of 4/10. It has a P/E ratio of 104.62, a forward P/E ratio of 23.75, a P/B of 1.51 and a P/S of 2.58.
The stock also got new positions in the portfolios of Daniel Loeb (Trades, Portfolio) and David Rolfe (Trades, Portfolio).
The Fund bought a 2,708,200-share stake in American Axle & Mfg. Holdings Inc. (AXL). It paid an average price of $20.22 per share. The deal had a 0.42% impact on the portfolio, and the price dropped by 17%. It was trading at $15.93 per share Thursday.
American Axle & Mfg. Holdings has a market cap of $1.4 billion and an enterprise value of $2.56 billion. It operates in the Global Auto Parts industry. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 8/10. It has a P/E ratio of 7.59, a forward P/E ratio of 5.97, a P/B of 6.17 and a P/S of 0.36.
Steven Cohen (Trades, Portfolio) was the only investor who acquired a new position in the company while David Dreman (Trades, Portfolio), HOTCHKIS & WILEY and Lee Ainslie (Trades, Portfolio) increased their holdings.
Cohen bought 778,120 shares in ZS Pharma Inc. (ZSPH) and paid an average price of $59.86 per share. The deal had a 0.4% impact on the portfolio, and the price went up 50%. It was trading at $89.98 per share Thursday.
ZS Pharma has a market cap of $2.27 billion and an enterprise value of $2.08 million. It operates in the Global Drug Manufacturers - Major industry. GuruFocus has given it a financial strength rating of 5/10 and a profitability and growth rating of 3/10. It has a P/B of 11.38.
The stock was traded by two investors.Ă‚ Jim Simons (Trades, Portfolio) reduced his stake, and Steven Cohen (Trades, Portfolio) made the stock a new buy.
Cohen acquired 1,150,000 shares of Southern Copper Corp. (SCCO) and paid an average price of $27.43 per share. The deal had a 0.37% impact on the portfolio, and the price dropped 8%. It was trading at $24.75 per share Thursday.
Southern Copper has a market cap of $20.23 billion and an enterprise value of $24.83 billion. It operates in the Global Copper industry. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 7/10. It has a P/E ratio of 20.24, a forward P/E ratio of 39.37, a P/B of 3.67 and a P/S of 3.92.
RS Investment Management (Trades, Portfolio) and Sarah Ketterer (Trades, Portfolio) are other investors who acquired new positions in this company.
Another third-quarter new buy for the Fund was its purchase of a 1,080,600-share stake in Linear Technology Corp. (LLTC). It paid an average price of $40.98 per share, and the price dropped 1%. It was trading at $39.16 per share Thursday.
Linear Technology has a market cap of $10.05 billion and an enterprise value of $8.8 billion. It operates in the Global Semiconductors industry. GuruFocus has given the stock a financial strength rating of 9/10 and a profitability and growth rating of 7/10. It has a P/E ratio of 20.38, a forward P/E ratio of 21.01, a P/B of 6.34 and a P/S of 7.13.
The position was established only in the portfolio of Steven Cohen (Trades, Portfolio) while it faced increases of 60.45%, 13.85% and 0.19% from Diamond Hill Capital (Trades, Portfolio), First Eagle Investment (Trades, Portfolio) and Pioneer Investments (Trades, Portfolio).
The Fund also bought 371,500 shares in The Hershey Co. (HSY) and paid an average price of $91.11 per share. The price dropped 4%; it was trading at $85.55 per share Thursday.
Hershey has a market cap of $24.31 billion and an enterprise value of $26.78 billion. It operates in the Global Confectioners industry. GuruFocus has given it a financial strength rating of 4/10 and a profitability and growth rating of 7/10. It has a P/E ratio of 39.12, a forward P/E ratio of 19.23, a P/B of 27.51 and a P/S of 2.61.
George Soros (Trades, Portfolio) is the other guru who acquired a new position in the company.
The guru also acquired 389,600 shares of Western Digital Corp. (WDC) and paid an average price of $79.56 per share. The price dropped by 26%; it was trading at $58.14 per share Thursday.
Western Digital has a market cap of $13.91 billion and an enterprise value of $11.02 billion. It operates in the Global Data Storage industry. GuruFocus has given it a financial strength rating of 7/10 and a profitability and growth rating of 7/10. It has a P/E ratio of 10.72, a forward P/E ratio of 8.42, a P/B of 1.48 and a P/S of 1.02.
Jeremy Grantham (Trades, Portfolio) and Ray Dalio (Trades, Portfolio) increased their holdings more than 75%, Pioneer Investments (Trades, Portfolio) and Charles Brandes (Trades, Portfolio) more than 43%, and First Pacific Advisors (Trades, Portfolio), FPA Capital Fund (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) increased their stakes less than 10%.
The Fund also bought 338,000 shares in Airgas Inc. (ARG) and paid an average price of $99.13 per share. The price went up 40%. It was trading at $137.94 per share Thursday.
Airgas has a market cap of $9.96 billion and an enterprise value of $12.66 billion. It operates in the Global Chemicals industry. GuruFocus has given it a financial strength rating of 7/10 and a profitability and growth rating of 8/10. It has a P/E ratio of 28.48, a forward P/E ratio of 25.45, a P/B of 5.20 and a P/S of 1.96.
The stock also got a new position in the portfolio of Ray Dalio (Trades, Portfolio).
The guru also acquired 1,560,700 shares of Calpine Corp. (CPN) and paid an average price of $16.42 per share. The price dropped by 13%; it was trading at $14.29 per share Thursday.
Calpine has a market cap of $5.11 billion and an enterprise value of $16.17 billion. It operates in the Global Utilities - Independent Power Producers industry. GuruFocus has given it a financial strength rating of 2/10 and a profitability and growth rating of 7/10. It has a P/E ratio of 10.98, a forward P/E ratio of 10.98, a P/B of 1.63 and a P/S of 0.77.
Jim Simons (Trades, Portfolio) is the other investor who acquired a new position in the company.
