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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Pershing Square Holdings, Ltd.    PSH   GG00BPFJTF46

PERSHING SQUARE HOLDINGS, LTD.

(PSH)
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Pershing Square's Ackman "bullish" on 2021

11/19/2020 | 01:17pm EST

BOSTON, Nov 19 (Reuters) - Billionaire hedge fund investor William Ackman said on Thursday that he expects to see market gains next year but warned there could be volatility in the months ahead as the coronavirus continues to take its toll.

Ackman told investors that he's "happy to be long" on equity exposure and is "bullish" on 2021 at a time of low interest rates, more expected stimulus and infrastructure spending.

But he also warned that dark days lie ahead as the United States passed a milestone with 250,000 coronavirus deaths. While he is generally optimistic, the investor said it is "prudent" to insure his portfolio now amid a range of uncertainties that can lead to market volatility.

Ackman put on a new hedge -- roughly one third the size of the one he put on earlier this year -- as corporate credit spreads are very tight. On a conference call with investors he said he likes the companies he's invested in now and expects Lowe's, Starbucks, Hilton Worldwide Holdings and Chipotle to perform well after an end to the pandemic.

Pershing Square Capital Management, Ackman's $12.5 billion firm, boasts one of the industry's best records this year with a return of roughly 55%. Ackman said it is the 16-year old firm's best year ever on a gross basis.

He said that he has agreed to hire a woman to his all-male investment team but declined to name her, saying only that she performed extremely well on the tests he gives to candidates and is expected to join late next year.

He also declined to offer any new details about his blank check company Tontine, short of saying that the extensive shareholder list will be an asset in finding a target. (Reporting by Svea Herbst-Bayliss; Editing by Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CHINA TONTINE WINES GROUP LIMITED -1.22% 0.081 End-of-day quote.-17.35%
CHIPOTLE MEXICAN GRILL INC. -0.43% 1405.74 Delayed Quote.1.37%
HILTON WORLDWIDE HOLDINGS INC. 0.96% 32.64 Delayed Quote.4.11%
HILTON WORLDWIDE HOLDINGS INC. -3.30% 108.41 Delayed Quote.-2.56%
PERSHING SQUARE HOLDINGS, LTD. -0.82% 36.2 Real-time Quote.4.29%
STARBUCKS CORPORATION 0.50% 102.33 Delayed Quote.-4.35%
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Financials (USD)
Sales 2020 - - -
Net income 2020 - - -
Net Debt 2020 1 252 M - -
P/E ratio 2020 2,03x
Yield 2020 1,10%
Capitalization 7 042 M 7 042 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 75,9%
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Technical analysis trends PERSHING SQUARE HOLDINGS, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 37,80 $
Last Close Price 36,50 $
Spread / Highest target 3,56%
Spread / Average Target 3,56%
Spread / Lowest Target 3,56%
EPS Revisions
Managers and Directors
NameTitle
Anne Farlow Chairman
Nicholas Anthony Botta Chief Financial Officer & Director
Richard John Battey Independent Non-Executive Director
Richard Leslie Martin Wohanka Senior Independent Director
Bronwyn Nanette Curtis Senior Independent Director