Private Capital Management is a duly registered employee-owned investment advisor founded in 1998. The firm focuses its investments on highly profitable companies. The top three holdings of Private Capital Management, according to its SEC 13F filings for the period ended September 30, 2014, are Actavis plc (NYSE:ACT), Valeant Pharmaceuticals Intl Inc (NYSE:VRX), VASCO Data Security International, Inc. (NASDAQ:VDSI).
The topmost investment of Private Capital Management was Actavis plc (NYSE:ACT) with a total of $40.41 million. Oz Management emerged top of the funds with the highest number of shares, having 4.83 million. Actavis plc (NYSE:ACT) is a global, integrated specialty pharmaceutical company that develops, manufactures, and markets generic and brand medicines. Third Point was next with a total of 2.88 million shares. (You can see complete list on hedge funds which hold positions on Actavis plc (NYSE:ACT) at the end of the third quarter).
Valeant Pharmaceuticals Intl Inc (NYSE:VRX) was the second largest investment of the firm, accounting for investment valued at $38.95 million. Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is a publicly traded pharmaceutical company that develops, manufactures, and markets medications used in the areas of neurology, dermatology, and infectious diseases. The company recently received a “buy” rating from a total of nineteen firms that are currently covering the stock. The firms have given Valeant Pharmaceuticals Intl Inc (NYSE:VRX) a price target of $153.60.
VASCO Data Security International, Inc. (NASDAQ:VDSI) emerged as the third largest investment of Private Capital Management with a total of $36.51 million. VASCO Data Security International, Inc. (NASDAQ:VDSI) is a company that works through its subsidiaries to designs and develops open-standards-based hardware and software security solutions. The company posted $52.6 million in revenue from continuing operations for the third quarter 2014, representing a 34% increase over the same period last year. For the same quarter, VASCO Data Security International, Inc. (NASDAQ:VDSI) posted an operating income of $13.8 million, which is 175% above the operating income for the same period last year.
This article has been written by Victor Ochieng.
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