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Tiziano Frateschi
Tiziano Frateschi
Articles (1940)  | Author's Website |

7 Companies Leon Cooperman Continues to Buy

Adobe Systems on the list

The founder and chairman of Omega Advisors, Leon Cooperman (Trades, Portfolio), bought shares of the following stocks in both the first quarter of 2018 and fourth quarter of 2017.

Energy Transfer Equity LP (ETE)

In the fourth quarter, the guru boosted his position 106.03% and increased it 126.20% in the first quarter.

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With a market cap of $18.11 billion, the company owns and operates, natural gas systems and gas processing plants. Its revenue of $43.17 million has increased 18.50% over the past five years.

David Tepper (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 0.58% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 0.28%, Cooperman with 0.22% and Jim Simons (Trades, Portfolio) with 0.13%.

DXC Technology Co. (DXC)

The investor raised his holding by 37.50% during fourth quarter and then boosted it by 58.36% in the first quarter.

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The company provides information technology and consulting services to enterprise clients. It has a market cap of $26.91 billion and an enterprise value of $32.65 billion. Its revenue of $24.55 billion has declined 7.10% over the past five years.

The largest guru shareholder is Larry Robbins (Trades, Portfolio) with 1.84% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 1.73% and Lee Ainslie (Trades, Portfolio) with 0.39%.

Adobe Systems Inc. (ADBE)

The guru boosted his position by 42.76% in the fourth quarter and then added another 15.17% in the first quarter.

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With a market cap of $119.95 billion, the company offers software and services solutions for content creation and the measurement of digital advertising and marketing. It’s revenue of $7.69 billion has increased 11.60% over the past five years.

PRIMECAP Management (Trades, Portfolio) is the largest shareholder of the company among the gurus with 4.41% of outstanding shares followed by Steve Mandel (Trades, Portfolio) with 1.15%, Frank Sands (Trades, Portfolio) with 0.99% and Spiros Segalas (Trades, Portfolio) with 0.82%.

Nabors Industries Ltd (NBR)

In the fourth quarter, Cooperman boosted his holding by 163.99% and then raised it 24.44% in the first quarter.

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The company owns and operates land-based drilling rig fleet. It has a market cap of $2.31 billion. Its revenue of $2.73 billion has declined 20.60% over the past five years.

The largest shareholder among the gurus is Cooperman with 2.63% of outstanding shares followed by Donald Smith (Trades, Portfolio) with 0.77% and Simons with 0.46%.

Ocwen Financial Corp. (OCN)

The guru boosted the holding by 27.60% in the fourth quarter, and then added another 33.38% in the first quarter.

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With a market cap of $601.28 million, the company through its subsidiaries provides residential and commercial mortgage loan servicing, special servicing and asset management services. Its revenue of $1.36 billion has increased 3.60% over the past five years.

Cooperman is the largest shareholder of the company among the gurus with 11.01% of outstanding shares followed by Simons with 1.16%.

Parsley Energy Inc. Class A (PE)

In the fourth quarter, the investor boosted the holding 520.24% and then increased it 23.92% in the first quarter.

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The independent oil and natural gas company has a market cap of $9.32 billion with a revenue of $1.15 billion.

The largest shareholder among the gurus is Andreas Halvorsen (Trades, Portfolio) with 4.47% of outstanding shares followed by Cohen with 0.87%, T Boone Pickens (Trades, Portfolio) with 0.06% and Ron Baron (Trades, Portfolio) with 0.04%.

Ashland Global Holdings Inc. (ASH)

The guru increased the holding by 30.01% in the fourth quarter, and then added another 43.41% in the first quarter.

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With a market cap of $4.93 billion, the company operates in the chemical industry. Its revenue of $3.56 billion, has declined 9.60% over the past five years.

Manning & Napier Advisors, Inc is the largest shareholder of the company among the gurus, with 2.62% of outstanding shares followed by Cooperman with 1.62%, Mario Gabelli (Trades, Portfolio) with 0.38% and Louis Moore Bacon (Trades, Portfolio) with 0.12%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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