RE:Steve Cohen (Point 72) is outWhy does everyone read so much into an institutional investor disposing shares for a profit? If you read Point72's Sept 30 13F, their cost per share had been averaged down to less than what the stock spiked to after the Feb 1 announcement of the payment to Cinven. In fact, the fund was up 10% and likely more, because they probably continued averaging down after Sept 30. Who would not be happy with that gain? You're up a good amount, you sell. You don't necessarily reach for the stars.
Cohen is not someone who invests based on fundamentals. He likes to profit from relatively short-term trading positions. Read his interviews on-line. He says so himself. Like Concordia or not, no one should base their opinion on the activity of Point72. It's meaningless.