Steven Cohen (Trades, Portfolio) rebranded his former hedge fund, SAC Capital, as Point72 Asset Management, a family office managing his and some of his employees’ assets, after paying fines for insider trading last year. The firm focuses on long-short equities and quantitative and macro investments, and it was quite successful last year, with gross profit of $2.5 billion to $3 billion, the New York Times reported.
Point72 also actively traded on the last day of the 2014, adding shares to stakes they already owned in nine companies. These were the largest: Kindred Healthcare (KND, Financial), Walter Investment Management (WAC, Financial), RCS Capital Corp (RCAP, Financial) and Shutterfly Inc. (SFLY, Financial).
Kindred Healthcare (KND, Financial)
Cohen purchased 4,789,196 shares of Kindred Healthcare, representing a 364.2% increase to his stake. He held 6,104,093 shares in total after the transaction.
Kindred Healthcare Inc. was incorporated on March 27, 1998 as a Delaware corporation. Kindred Healthcare Inc. has a market cap of $1.2 billion; its shares were traded at around $18.59 with and P/S ratio of 0.20. The dividend yield of Kindred Healthcare Inc. stocks is 2.70%.
Walter Investment Management (WAC, Financial)
Cohen purchased 1,380,633 additional Walter Investment Management shares, representing a 145.3% increase. He held 2,330,633 shares in total after the buy.
Walter Investment Management Corp was incorporated in Maryland on June 10, 1997 as Hanover Capital Mortgage Holdings Inc. Walter Investment Management Corp has a market cap of $575.10 million; its shares were traded at around $15.25 with and P/S ratio of 0.50. Walter Investment Management Corp had an annual average earnings growth of 65.40% over the past five years.
RCS Capital Corp (RCAP, Financial)
Cohen purchased 1,020,772 RCS Capital Corp shares, a 30.2% increase from his existing holding. His stake totaled 4,401,381 shares at year-end.
RCS Capital Corp is a holding company incorporated in Delaware on Dec. 27, 2012. RCS Capital Corp has a market cap of $789.6 million; its shares were traded at around $11.88 with and P/S ratio of 0.20. The dividend yield of RCS Capital Corp stocks is 4.50%.
LogMeIn Inc. (LOGM)
Cohen upped his stake in LogMeIn Inc. by 259,500 shares, or 20.1%. His total holding stood at 1,552,972 shares.Ă‚
LogMeIn Inc. was originally incorporated as a Bermuda limited liability company in February 2003 as 3am Labs Ltd. Logmein Inc. has a market cap of $1.18 billion; its shares were traded at around $48.33 with a P/E ratio of 300.20 and P/S ratio of 5.90
Ă‚
For more stock trades of Gurus in real time, visit GuruFocus’ Real Time Picks, a Premium Feature. Not a Premium Member of GuruFocus? Try it free for 7 days here.
