Ascena Retail Group (ASNA) beats earnings – Cooperman gains almost 8% since June
Leon Cooperman, CEO of Omega Advisors, is today’s biggest billionaire gainer thanks to his sizeable allocation in Ascena Retail Group Inc (NASDAQ:ASNA), which shot up today.
ASNA is today’s top-performing stock
Ascena Retail Group Inc (NASDAQ:ASNA) is today’s top-performing stock. The owner of retail chains Justice, maurices, dressbarn, Lane Bryant and Catherines, Ascena experienced a +16.69% ($20.21) share price increase. This comes as the result its report, released yesterday, demonstrating better-than-expected fiscal fourth-quarter results, according to MarketWatch. Omega Advisors CEO Leon Cooperman holds 1.8 million shares in the company, which represents 0.05% in his portfolio. The billionaire acquired his stakes last quarter, paying an average $18.67 for each share.
Gold mining company International Tower Hill Mines Ltd (NYSE:THM) also had a solid day, up +6.21% ($0.37). As of June, John Paulson held 17.8 million shares in the entity, having gradually purchased shares over the past few years. During the third quarter of 2012, Paulson acquired around three million shares, and during last quarter, he picked up another 8.9 million shares, International Tower Hill Mines now representing 0.07% of his fund. Paulson has paid an average price of $2.78 per share.
TAL Education Group (NYSE:XRS), a provider of tutoring services for K-12 students in China, joins our list of daily gainers thanks to its increase of +6.12% ($14.87). Chase Coleman is the only investor tracked by iBillionaire with a position in TAL. He currently boasts 5.6 million shares, corresponding to 0.92% of his portfolio. Coleman has been selling off part of his stake over the past year, getting rid of two million shares last quarter, which he bought at an average price of $10.44.
Today’s biggest loser is long-struggling U.S. retailer J.C. Penney Company, Inc. (NYSE:JCP). Decreasing -14.45% ($10.22), the company has reached its lowest price point in the last 12 years. According to Bloomberg, the shrink in value is the result of a Goldman Sachs report anticipating liquidity problems next quarter. The billionaire affected by this announcement was George Soros, who bought 19.9 million shares during the second quarter (3.70% of his portfolio) at an average price of $16.66 last quarter.
Public gaming corporation and owner of over 50 casinos and hotels Caesars Entertainment Corporation Corp (NASDAQ:CZR) also makes our list of daily losers, its share price having dropped -6.92% ($21.06). Yesterday evening, the company announced that it was planing to sell $1.85 billion in bonds; consequently, the firm will duplicate its August debt this month. One of our billionaires with a stake in CZR is John Paulson, who has held more than 12 millions shares (1.16% of his portfolio) since 2012. The investor paid an average price of $12.88 per share. George Soros was also affected by this bit of bad news. Soros owns 5.9 million shares (0.89% of his fund), which cost him an average price of $8.45.
Finally, Angie’s List Inc (NASDAQ:ANGI) takes the third spot on the list. Today, ANGI performed quite poorly, experiencing a -3.33% ($23.33) decrease. The firm operates a consumer-driven solution for its members to research, hire, rate, and review local professionals for home, healthcare and automotive service needs. Stockholder George Soros is the only billionaire tracked by iBillionaire with a stake in ANGI (it apparently hasn’t been Soros’ best day). The investor is the owner of more than one million shares, which represent a 0.32% of his fund. Soros has actually been increasing his position in ANGI as of late. In 2012, he bought one million shares at a mean price of $12.02.
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