Billionaire Ken Griffin is bullish on Rice Energy Inc (NYSE:RICE) as a recent filing with the Securities and Exchange Commission shows. Griffin’s fund, Citadel Advisors revealed ownership of over 6.33 million shares of Rice Energy, which represent 4.9% of the outstanding stock. In its latest 13F filing, Citadel reported a new stake in Rice Energy that was initiated during the first quarter of the year, and contained around 4.83 million shares. Rice Energy Inc (NYSE:RICE) went public at the end of January and apparently was well received by the market, its stock gaining over 40% since the IPO. Many investors, aside…
Author: Alex Oleinic
In the latest round of 13F filings, billionaire Carl Icahn reported his equity portfolio as of the end of the first quarter of 2014. The aggregate value of the portfolio amounts to $32.93 billion, which represents an increase from $30.56 billion held at the end of last year. Overall, the equity portfolio remained unchanged, Mr. Icahn holds a total of 19 positions, out of which he reduced the holding in one company, and raised his exposure to three others. At the same time, the 13F filing revealed one new stock on which Mr. Icahn was bullish during the first three…
May 15 marked the end of the first round of 13F filings of 2014. Most of the big institutional investors have filed yesterday their 13F filings with the Securities and Exchange Commission revealing their equity portfolios as at the end of March. One of the most notorious investors, Warren Buffet, was also among the filers, with his fund, Berkshire Hathaway disclosing an equity portfolio worth $105.77 billion, up from $104.84 billion held at the end of last year. Berkshire Hathaway is know for its long-term commitment to its largest investments. That’s why the top largest holdings from Mr. Buffett’s equity…
Pioneer Electronics has revealed Apple Inc. (NASDAQ:AAPL)’s new technology, CarPlay, which will be available on five of its radio models, CNBC reports. The main features of this new technology involve connecting an iPhone and allowing users to make calls, use maps, listen to music, etc. The technology was unveiled last year at the Apple’s Worldwide Developers Conference (WWDC). According to the official CarPlay’s page on Apple Inc. (NASDAQ:AAPL)’s website, the company plans to launch the technology with Alpine’s aftermarket radios as well. However, more expected is the integration of technology in new cars. At the 2014-th Geneva Motor Show, several carmakers, such as…
Earlier today, it was reported that AT&T Inc. (NYSE:T) plans to acquire satelite TV provider DIRECTV (NASDAQ:DTV), in a deal that could amount to as much as $50 billion. While the deal looks promising for both companies and could create one of the largest conglomerates in the Telecommunication sector, the market remained cold to the news, with shares of both companies edging down. In a recent intervention, CNBC’s Morgan Brennan looked into the merger between the two companies and the possible reasons behind AT&T’s possible decision to acquire DIRECTV (NASDAQ:DTV). According to Brennan, the deal could bring AT&T around 27 million subscribers for pay…
Starboard Value, a fund led by Jeff Smith, has reported an activist stake in the small cap data protection company Quantum Corp (NYSE:QTM), which amasses 16.6% of the common stock. Starboard revealed holding over 44.24 million shares of the company, including shares underlying convertible subordinated notes. In its latest 13F, the fund revealed holding close to 26.70 million common shares of the company and 30.55 million shares held in form of 4.5% notes. Moreover, the fund has disclosed its nominees to be elected to the company’s board at the next shareholders meeting of the company, who are: Christopher F. Crowell, Dale…
A recent filing with the Securities and Exchange Commission, shows that Bill Gates has edged up his holding in Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA). His position contains almost 10.86 million shares, versus 10.89 million held previously. The new position is equal to 5.1% of the Liberty Global’s outstanding class A common stock. The aggregate stake is held by Mr. Gates’ private investment arm, Cascade Investment, and by Michael Larson-managed charitable fund Bill and Melinda Gates Foundation Trust. Cascade owns around 8.74 million shares of Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA), the other 2.19…
International Business Machines Corp. (NYSE:IBM)’s stock has gained some ground on Monday trading, edging up by around 1.5% so far today. In a recent interview on CNBC, Brian White of Cantor Fitzgerald, and Peter Misek of Jefferies & Co have provided their insights on the stock, including their target prices and recommendations for IBM. Cantor Fitzgerald currently has set the ‘Buy’ rating for International Business Machines Corp. (NYSE:IBM), with the target price at $220, which is significantly above the current price of the stock, which has gained around 2% since the beginning of the year. Moreover, the target is above the 52-week…
John W. Rogers’ Ariel Investments has boosted its exposure to American Electric Technologies, Inc. (NASDAQ:AETI), a newly amended filing with the SEC showed. The fund disclosed holding over 1.5 million shares of the company, versus around 1.0 million held earlier. The new position is equal to 18.4% of American Electric’s outstanding stock. American Electric Technologies, Inc. (NASDAQ:AETI) is a nano-cap company, which provides electricity delivery solutions. For the last fiscal year, the company showed a significant increase in its financial results, with its net income amounting to $4.2 million, up by over 100% on the year. At the same time, the income…
Carl Tiedemann and Michael Tiedemann’s TIG Advisors has revealed adding Zale Corporation (NYSE:ZLC) to its equity portfolio. The fund revealed a 9.5% activist position that contains over 4.1 million shares of Zale. Moreover, TIG issued an investor presentation stating that they will vote against the deal between Zale and Signet Jewelers Ltd. (NYSE:SIG), under the terms of which the latter plans to acquire the former $21.00 per share. Zale Corporation (NYSE:ZLC) and Signet Jewelers Ltd. (NYSE:SIG) entered into a merging agreement earlier this year, following which the stock price of Zale escalated and currently tops the offering price by over $1. In April,…
Yahoo! Inc. (NASDAQ:YHOO) is a major Alibaba shareholder. Yahoo! Inc. (NASDAQ:YHOO) shares has been a tracking stock for Alibaba for the past couple of years. One of the most widely discussed piece of news recently has been the upcoming Initial Public Offering of Alibaba Group Holding Limited, a large e-commerce company headquartered in China. In a recent intervention on CNBC, Aswath Damodaran, a finance professor at NYU’s Stern School of Business said that he estimates the company at $142.6 billion, which represents around $60 per share. “I think it’s a great company, I was actually surprised by how much money the company makes. It’s a…
Taking into account that Apple Inc. (NASDAQ:AAPL) is one of the most popular companies, it’s is important always to follow what those guys are up to. In a piece of recent news, Bloomberg reported that Apple is planning to acquire Beats Electronics LLC, a manufacturer of audio products and equipment, in a deal that could amount to $3.2 billion. In a report, CNBC’s Jon Fortt has discussed this deal and the benefits that it might bring to both companies. Surprisingly or not, he considers that the deal doesn’t make a lot of sense, since Beats’ streaming business had been built on a technology…