CHC Group Ltd. (NYSE:HELI), Herbalife Ltd. (NYSE:HLF) and Energy XXI Ltd. (NASDAQ:EXXI) made big gains this Wednesday. Altisource Portfolio Solutions (NASDAQ:ASPS), Celladon Corporation (NASDAQ:CLDN) and Vectrus Inc. (NYSE:VEC).
Third Point's Dan Loeb discusses their new positions in a letter to investor reviewed by ValueWalk. Stay tuned for more coverage. Loeb notes some new purchases as follows: Third Point’s investment in Grab is an excellent example of our ability to “lifecycle invest” by being a thought and financial partner from growth capital stages to Read More
CHC Group Ltd. rallied +14.16% today, ending the day priced at $1.29 – a far cry from its 52-week high of $9.31. The stock, a Farallon Capital pick, is down -60.25% year-to-date.
Herbalife surged +12.58% today, putting its five-day gain at +18.57%. The stock has been on the up-and-up lately, thanks in large part to reports that HLF short-seller Bill Ackman is under fire from the FBI. And today, Herbalife won the dismissal of a lawsuit by a shareholder claiming he lost money after Ackman accused the company of being a pyramid scheme. Billionaires Carl Icahn and George Soros are enjoying the benefits of HLF’s climb.
Energy XXI Ltd. hit market close with a gain of +11.93%. It’s up +12.27% for the year – good news for billionaire shareholders Leon Cooperman and George Soros.
Altisource Portfolio Solutions Continues 2015 Plunge
Altisource Portfolio Solutions tumbled -8.46% today. The stock hit a new 52-week low on Monday and has struggled significantly in 2015, its price having fallen -59.01% year-to-date. As of his most recent 13F filing, Leon Cooperman has 2.26 million ASPS shares.
Celladon Corporation dipped -6.85%, ending the day priced at $23.26. The biotech company is still up +46.84% over the past year and +19.1% YTD. It hit a new 52-week high earlier this week, though it is also worth noting that short interest in the stock is also on the rise. CLDN is a Farallon Capital holding.
Vectrus Inc. fell -6.68% and is down -16.09% over the past five days. The billionaire taking a hit on this one is Julian Robertson.