Leon Cooperman (Trades, Portfolio) is the founder and Chairman of Omega Advisors, a hedge fund with approximately $6 billion under management. He spent 25 years at Goldman Sachs before founding Omega Advisors, which now has a portfolio composed of 91 stocks. According to GuruFocus Real Time Picks, during the first 2 months of 2015, the investor increased his stake in Atlas Energy Group LLC (ATLS), buying it 6 times while the stock price was falling down.
With the transaction, ATLS’s weight in Cooperman’s Portfolio increased to 5,731,064 shares (2.55% portfolio weighting), or 22.03% of the company’s Outstanding Shares.
| Ticker | Company | Date | Impact | Current Price | Change from Average | Comment | Current Shares |
| ATLS | Atlas Energy Group LLC | 2015-02-13 | 0.11% | $ 6.30 | -375% | Add 4.40% | 5,731,064 |
| ATLS | Atlas Energy Group LLC | 2015-02-06 | 0.18% | $ 6.30 | -380% | Add 7.30% | 5,481,064 |
| ATLS | Atlas Energy Group LLC | 2015-02-04 | Â | $ 6.30 | -375% | Add 6.00% | 5,081,064 |
| ATLS | Atlas Energy Group LLC | 2015-01-16 | 0.06% | $ 6.30 | -340% | Add 3.00% | 4,771,264 |
Atlas Energy is an oil and gas company. Its operations include ARP and New Atlas. New Atlas includes the operations of the Arkoma assets and the Development Subsidiary. ARP is a publicly traded Delaware master limited partnership and an independent developer and producer of natural gas, crude oil and NGLs, with operations in basins across the United States.
The stock is currently trading at a Forward P/E ratio of 49.02 Year-to-Date (YTD), and as Leon Cooperman (Trades, Portfolio) kept buying the stock, the price dropped by 34%.
The Stock is 80% from its 52 Week High and 8% from its 52 Week Low. On Feb. 27, ATLS and Atlas Pipeline Partners L.P. (APL) completed their previously announced merger transactions of Atlas Energy (ATLS, Financial) with a subsidiary of Targa Resources Corp. (TRGP) and this spin-off caused a huge drop of ATLS stock’s price.
For the fourth quarter, Atlas Energy Group LLC. reported a negative EPS of -0.27$ while Revenue Grew by 30.3% (Y/Y)
Matthew A. Jones, President of ARP, stated, "Our business experienced yet another year of substantial growth and development. We believe that our diversified oil & gas asset base, cash flow from both our production and partnership management business, and the financial actions we have recently taken will allow us to add stability in the current environment."
According to GuruFocus, the stock has a Profitability & Growth of 6/10 with almost flat ratios (ROA -0.84% and ROC +0.88%) but negative ROE of -16.39%. These ratios are above the Global Oil & Gas E&P’s Industry Median.
