PVA Soars, RATE Sours, But Neither Will Make or Break Soros

Today’s daily gainers are Expedia Inc (NASDAQ:EXPE), Penn Virginia Corporation (NYSE:PVA), InterDigital, Inc. (NASDAQ:IDCC) and daily losers are Bankrate Inc (NYSE:RATE), Boyd Gaming Corporation (NYSE:BYD), Rovi Corporation (NASDAQ:ROVI).

PVA Soars, RATE Sours, But Neither Will Make or Break Soros

Penn Virginia gives Soros a boost

Expedia Inc (NASDAQ:EXPE) got an enormous boost today thanks to an apparently outstanding Q3 earnings report. The online travel company’s stock surged +18.07 to reach $58.99. Billionaire Jorge Lemann purchased 213,000 Expedia shares at $59.98 each last quarter. This position represents 1.68% of the billionaire’s portfolio.

Exclusive: York Capital to wind down European funds, spin out Asian funds

Jeffrey Aronson Crossroads CapitalYork Capital Management has decided to focus on longer-duration assets like private equity, private debt and collateralized loan obligations. The firm also plans to wind down its European hedge funds and spin out its Asian fund. Q3 2020 hedge fund letters, conferences and more York announces structural and operational changes York Chairman and CEO Jamie Read More


Coming in at a close second is Penn Virginia Corporation (NYSE:PVA). The energy stock rose +14.57% to $8.52 following the company’s announcement of record oil production last quarter. Investor George Soros bought 6.2 million PVA shares at an average price of $5.59 last quarter, representing 0.39% of the billionaire’s holdings.

Up third is InterDigital, Inc. (NASDAQ:IDCC); the tech firm increased +11.91% to $38.89 after a strong Q4 performance. John Paulson holds 2.9 million IDCC shares, which represent 0.94% of his fund. The billionaire paid an average price of $51.05 per asset.

Daily Losers

Bankrate Inc (NYSE:RATE) plunged today. The finance stock dropped -17.38% to $17.30 after missing its Q3 earnings target. Billionaire George Soros holds 1.1 million shares, representing 0.17% of his holdings. The investor increased his position last quarter with the acquisition of over 500,000 additional shares, bought at an average price of $12.94.

Following Bankrate Inc is Boyd Gaming Corporation (NYSE:BYD). Also the victim of a poor earnings report, the casino company fell -17.10% to $10.76. David Tepper is the only billionaire tracked by iBillionaire who has BYD stakes. Tepper holds 819,000 shares (0.13% of his fund), bought at an average $7.57.

The last stock in our daily loser list is Rovi Corporation (NASDAQ:ROVI). The tech firm dipped -11.70% to $16.75 after announcing a drop in its revenues yesterday. Billionaire Seth Klarman owns 6.1 million shares (3.50% of his fund), purchased at an average price of $16.48 each. Another investor with a position in ROVI is Richard Chilton, who holds 146,000 shares (0.09% of his portfolio), bought at $41.73.