FairPoint Communications Inc (NASDAQ:FRP), Shire PLC (ADR) (NASDAQ:SHPG), Time Warner Cable Inc (NYSE:TWC) are the top three stock holdings of Angelo Gordon & Co, as per its recent SEC 13F filing. The investment manager has current investment portfolio of $1.26 billion with primary investments in service, technology, and healthcare industry.
FairPoint Communications Inc (NASDAQ:FRP) is the largest stock holding of Angelo Gordon & Co, which owns 5,128,325 shares of the company at an estimated market value of $77.79 million. Angelo Gordon & Co, Archer Capital Management, and Goldentree Asset Management are the primary investors of FairPoint Communications Inc (NASDAQ:FRP). The shares of FairPoint Communications Inc (NASDAQ:FRP) are trading at $14.96 with current market cap of $399.57 million. The shares of FairPoint have declined 9.61 percent in the last 12 weeks.
Shire Plc (ADR) (NASDAQ:SHPG) comes as the second largest stock holding of Angelo Gordon & Co with 300,000 shares of the company at an estimated market value of $77.71 million. The biotechnology company has announced acquisition of NPS Pharmaceuticals, Inc. (NASDAQ:NPSP) for $5.2 billion provided that NPS gets FDA approval for one of its latest drug. Netpara is the first FDA approved drug for the treatment of hypoparathyroidism and it is likely to be launched in the second quarter of 2015.
Time Warner Cable Inc (NYSE:TWC) is the third largest stock investment of Angelo Gordon & Co, which owns 450,000 shares of the company at an estimated market value of $64 million. Time Warner Cable Inc (NYSE:TWC) announced its fourth quarter 2014 financial results with net revenue of $5.79 billion and net income of $554 million attributable to its shareholders. Paulson & Co, Childrens Investment Fund, and D E Shaw are the top three investors of Time Warner Cable Inc (NYSE:TWC). The shares of Time Warne Cable are trading at $136.13 with current P/E ratio of 19.12.
This article has been written by Prakash Pandey.
