Leon Cooperman (Trades, Portfolio) purchased a 5,128,184-share stake of Lionbridge Technologies Inc. (LIOX, Financial) for $3.93 per share on July 7.Â
The trade had a 0.53% impact on Cooperman's portfolio.
Lionbridge Technologies provides translation, online marketing, global content and testing solutions across languages, platforms and geographies.Â
Lionbridge Technologies has a market cap of $280.2 million, an enterprise value of $361.55 million, a P/E ratio of 23.42 and a P/B ratio of 3.27.
Cooperman may have purchased the shares for the following reasons:
- Lionbridge provides interpretation communication services in more than 360 languages and dialects, including over-the-phone and onsite interpretation services. This can affect businesses and the way that they conduct business and communicate globally in the future.
- Lionbridge provides its services to approximately 400 clients worldwide, each of which is in excess of $50,000. The company also conducts 15% of its overall business with Microsoft (MSFT, Financial) and 11% with Google, a subsidiary of Alphabet (GOOG, Financial)(GOOGL, Financial).
- Lionbridge price is close to a two-year low.
- The company has a Piotroski F-Score of 7 is 7 indicating a very healthy situation.
- Lionbridge is trading below its Peter Lynch fair value of $4.75.
- Lionbridge has 20 years of operating experience within its industry.
Cooperman started his career working at Goldman Sachs (GS, Financial), but he retired in 1991 and founded his own company Omega Advisors. Cooperman has close to 50 years of investment experience, and he has been managing Omega Advisors since 1991. Omega Advisors owns 70 stocks with a total value of $3.763 billion.
Cheers to your investment success.
Disclosure: Author does not own any shares of this company.
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