Leon Cooperman (Trades, Portfolio), who leads Omega Advisers, a $3.6 billion firm, purchased 30 new stocks in the first quarter.
Cooperman’s portfolio contained 84 stocks at the end of the quarter, valued at $2.5 billion. It is most highly weighted in consumer cyclical, industrial and financial services stocks.
Omega Advisers quotes Warren Buffett (Trades, Portfolio) on its website, that it “eats its own cooking,” because employees align their aims with clients by investing capital in the funds.
In the first quarter, Cooperman’s top five new buys were: AMC Networks Inc. (AMCX, Financial), TRI Pointe Group Inc. (TPH, Financial), Keane Group Inc. (FRAC, Financial), WPX Energy (WPX, Financial) and Humana Inc. (HUM, Financial).
AMC Networks Inc. (AMCX, Financial)
Cooperman bought 832,485 shares of the company, a 1.97% portfolio weight. Its average first-quarter price was $57.
AMC Networks Inc has a market cap of $3.46 billion; its shares were traded around $51.94 with a P/E ratio of 12.47 and P/S ratio of 1.35. AMC Networks Inc had an annual average earnings growth of 6.60% over the past five years.
TRI Pointe Group Inc. (TPH, Financial)
Cooperman bought 3,655,000 of the company, a 1.85% portfolio weight. Its average first-quarter price was $12.
Tri Pointe Group Inc. has a market cap of $1.98 billion; its shares were traded around $12.44 with a P/E ratio of 11.43 and P/S ratio of 0.84.
Keane Group Inc. (FRAC, Financial)
Cooperman bought 2,188,311 shares of the company, a 1.26% portfolio weight. Its average first-quarter price was $19.
Keane Group Inc. has a market cap of $1.47 billion; its shares were traded around $14.24 with and P/S ratio of 3.75.
Cooperman bought 2,052,272 shares of the company, a 1.11% portfolio weight. Its average first-quarter share price was $13.
WPX Energy Inc. has a market cap of $4.91 billion; its shares were traded around $12.34 with and P/S ratio of 4.78.
Cooperman bought 125,000 shares of the company, a 1.04% portfolio weight. Its average first-quarter share price was $207.
Humana Inc. has a market cap of $33 billion; its shares were traded around $228.69 with a P/E ratio of 23.24 and P/S ratio of 0.64. The trailing 12-month dividend yield of Humana Inc. is 0.55%. The forward dividend yield is 0.61%. Humana Inc. had an annual average earnings growth of 10.70% over the past 10 years. GuruFocus rated Humana Inc. the business predictability rank of 3-star.
See Leon Cooperman (Trades, Portfolio)’s portfolio here.
