Glenview, Sachem Head, Third Point buy CVS shares during Q3-filings
NEW YORK - Three prominent investment firms bet changes are in the offing at ailing healthcare giant CVS Health (NYSE:Longtime investor Glenview Capital Management bought 2.8 million CVS shares during the third quarter, increasing its stake by 31%. The firm owned 0.95% of the company on Sept. 30, the filing shows.
Third Point, run by billionaire investor Daniel Loeb, built a new position in CVS by buying 1.6 million shares. It owned 0.13% of the company at the end of September. Investors became more agitated over the summer and Glenview's Larry Robbins, who likes to be called a constructivist shareholder, recently met with executives to push for changes. He did not call for the company to break up.
While the filings are backward looking, they are closely tracked for hints on which companies activist investors may target.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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