The US-based investor and owner of Jana Partners, Barry Rosenstein, is highly active for making predictions about the right stocks. During the year 2019, the firm did not witness any considerable growth and due to slow turnaround, the company had to liquidate two stocks. It was during the year 2015 when Barry Rosenstein had a fortune of $11 billion. Currently, he possesses stocks worth of $1.1 billion. Jana Partners is popular for its wise stock picking decisions and reaping benefit through altering business models. Jana Partners’ Barry Rosenstein is popular among the business community for pursuing Whole Foods to accept the acquisition from the global e-commerce giant Amazon. In lieu of the deal, Barry would have been richer is he had accepted the cash for his Whole Foods’ stake and purchased Amazon shares. Moreover, he was the one for convincing Graw-Hill to split into two separate companies. He also persuaded El Paso to split business in similar manner in two companies. Besides managing wide range of portfolio items, Jana Partners offer consultation services as well. The firm advised Qualcomm to reduce costs for competitive edge. In this article we will discuss Top 10 Stock Picks by Barry Rosenstein as shared by Insider Monkey.
One of the stocks holding of Jana Partners is the multichain restaurant, Bloomin’ Brands, Inc. The price of shares of this restaurant chain increased but as an overall stock price analysis, the stock price fell 14% during the year 2020. The overall outlook of the Bloomin’ Brands increased as soon as the coronavirus vaccine has been discovered. Since then, the stock price recovered as much as 30% during the past couple of months. Jana Partners’ investment accounts for 6.61% in the entire portfolio by last quarter’s ending period. Another company to gain Jana Partners’ confidence is the healthcare giant Encompass Health Corporation. The firm invested in this company during the ongoing quarter and purchased 1.7 million shares amounting $113 million. This accounts to 10% of the overall portfolio of the investment firm. Besides this, the company also offers dividends. During the last 7 years, Encompass Health Corporations’ dividends increased by 7.12% and it generated a sum of $1.17 billion during September. Meanwhile, the stock price of Encompass Health Corporation increased by 35% since the coronavirus vaccine is ready to be rolled out to the market. According to analysts, the share price of Encompass went up by 135% during the previous years. This is a long list of companies. To keep reading, visit Barry Rosenstein and Jana Partners: Top 10 Stock Picks.