Former trader at
's Omega Advisors,
, with his hedge fund, Glenview Capital, has reported its
eleventh installment of increases to his stake in Health
Management Associates (
), since purchasing the stock in 2011.
Filed with the SEC yesterday, Robbins' latest add maximizes his
holding by 6.74 percent, according to
GuruFocus Real Time Picks
Last December alone, Robbins made a total of four increases only
days apart from each other. The one made on Dec. 19 placed the
manager at 13.11 percent owner of HMA's outstanding shares.
So what has gotten Robbins all excited about HMA?
For one, the stock has gained 69.05 percent in market value in
the course of five years. Since Robbins bought the stock in 2011,
he was certainly along for the ride, as the stock raked in 52.56
percent in 2012.
HMA data by GuruFocus.com
Last month, the HMA thrived on news that TV show
reported inaccurate information about the company, proving wrong
the claims that the healthcare provider pressured patients into
pursuing unneeded treatments to hoard profits.
(See HMA Stock Rises After False 60 Minutes Report)
One of the company's two Good Signs on GuruFocus reveals that the
company's per share revenue is consistent in growth. Annually for
10 years, its revenue felt a growth rate of 10.1 percent. Its
EBITDA felt a 26.4 percent growth rate in 10 years, while its
free cash flow growth saw a 19.4 percent growth rate within the
same time, despite declining by 32.7 percent in the last 12
months. (10-Year Financials)
Soon after Robbins purchased the stock in the first quarter of
2011, insiders followed by buying more shares of the company.
This should speak for itself in terms of officers' growing
confidence in HMA.
Another Guru who has embarked in bullish investments in
healthcare is world-renowned Warren Buffett, and his concentrated
bets on DaVita Healthcare Partners (
See contrasting healthcare stocks using the GuruFocus Compare
Market capitalized at $2.48 billion, Health Management Associates
is a large chain of local health care provider,operating 70
hospitals in non-urban communities in the United States. Today it
trades at $9.05, down 1.95 percent Friday afternoon.
Robbins' portfolio is 42.2 percent health care stocks. His top
holdings are Tenet Healthcare Corp. (
), American International Group (
), McKesson Inc. (
), HCA Holdings Inc. (
) and Cigna Corp. (
To view more of Glenview Capital's latest trades, go to Stock
Picks. Also see its undervalued stocks, high-yield companies and
top growth stocks.
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