Leon Cooperman Sells Shares in These 5 Companies in Q3

Wall St. Watchdog reveals information regarding significant reduction in shares for Leon Cooperman’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Wendy’s/arby’s Group Inc. (NYSE:WEN): On 06/30/2011, Leon Cooperman reported holding 3,057,194 shares. On 09/30/2011, Leon Cooperman reported holding 470,400 shares. The net reduction in shares for this position is 2,586,794 or 84.61%. About Company: Wendy’s/Arby’s Group, Inc. is a holding company. Through its subsidiaries, the Company owns, operates, and franchises fast-food restaurants in the United States.
  • Cephalon Inc. (NASDAQ:CEPH): On 06/30/2011, Leon Cooperman reported holding 734,000 shares. On 09/30/2011, Leon Cooperman reported holding 214,500 shares. The net reduction in shares for this position is 519,500 or 70.78%. About Company: Cephalon, Inc. is an international biopharmaceutical company that discovers, develops, and markets biopharmaceutical products to treat neurological disorders, pain, and cancer. The Company’s products include a product that treats excessive daytime sleepiness associated with narcolepsy.
  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, Leon Cooperman reported holding 1,883,364 shares. On 09/30/2011, Leon Cooperman reported holding 689,364 shares. The net reduction in shares for this position is 1,194,000 or 63.4%. About Company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • United Continental Holdings (NYSE:UAL): On 06/30/2011, Leon Cooperman reported holding 3,675,936 shares. On 09/30/2011, Leon Cooperman reported holding 1,645,236 shares. The net reduction in shares for this position is 2,030,700 or 55.24%. About Company: United Continental Holdings Inc. is an airline holding company. The Company owns and operates airlines that transports persons, property and mail throughout the United Statesand abroad.
  • Office Depot Inc. (NYSE:ODP): On 06/30/2011, Leon Cooperman reported holding 1,401,944 shares. On 09/30/2011, Leon Cooperman reported holding 742,744 shares. The net reduction in shares for this position is 659,200 or 47.02%. About Company: Office Depot, Inc. operates a chain of office product warehouse stores in North America, Europe, Asia and Central America. The Company sells branded merchandise and provides business services primarily to small and medium-sized businesses and the home office market.

(Note: Data regarding Leon Cooperman’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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