Led by Charles Davidson, Wexford Capital trimmed its position in Diamondback Energy Inc (NASDAQ:FANG). A recent Form 4 filing with the SEC shows that the fund sold 162,900 shares of the company for an aggregate sum of nearly $12.00 million, bringing down its holding to around 9.90 million shares with a current total market value of almost 682.00 million. An independent US oil and natural gas company, Diamondback Energy Inc (NASDAQ:FANG) is focused on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin, West Texas. The company had drilled 193 gross producing wells as of December, 2013,…
Author: Casey Sanders
John A. Levin’s Levin Capital Strategies upped its holding of Covanta Holding Corp (NYSE:CVA). Currently, Levin Capital holds slightly more than 6.60 million shares – 5.00% of the company’s common stock total. According to the fund’s latest 13F filing with the Securities and Exchange Commission, fund previously held around 5.21 million shares in Covanta Holding. Covanta Holding Corp (NYSE:CVA) is a slow-growth company, which owns and operates of infrastructure for the conversion of waste to energy and other waste disposal and renewable energy production businesses. Covanta manages 45 Energy-from-Waste facilities, which convert approximately 20 million tons of waste into clean, renewable electricity to power one million homes and…
Managed by Matthew Drapkin and Steven R. Becker, Becker Drapkin Management revealed a new stake in XO Group Inc (NYSE:XOXO). A recent 13D filing shows that the fund owns 1.94 million shares, which amount to 7.20% of the company’s common stock total. Formerly The Knot, Inc., global media and technology company XO Group Inc (NYSE:XOXO) provides products and advice to guide young women through transformative events such as weddings and pregnancy. On March 13, 2014, the company’s stock dropped nearly 18.00% to $9.78. The same day XO Group appointed Michael Steib to the Board of Directors and as the new Chief Executive Officer. Since then, its shares bounced back, currently quoted at…
Coliseum Capital, a fund managed by Christopher Shackelton and Adam Gray, considerably surged its stake in Advanced Emissions Solutions, Inc. (NASDAQ:ADES). According to a recent 13G filing with the Securities and Exchange Commision, the fund currently holds 1.43 million shares, currently worth around $28.10 million, which represents 6.60% of the company’s total market value. Earlier the fund disclosed owning almost 230,000 shares of Advanced Emissions Solutions. Based in Highlands Ranch, Colorado, Advanced Emissions Solutions, Inc. (NASDAQ:ADES) is a US holding entity for a range of companies specialized in clean coal technology and associated specialty chemicals, providing emissions solutions to customers in the power generation and…
Bares Capital Management a fund managed by Brian Bares, reported a decreased stake in Tandy Leather Factory, Inc. (NASDAQ:TLF). According to a 13G filing with the SEC, the fund now owns 1.63 million shares – 14.07% of the company’s aggregate common stock, disclosing a decrease of approximately 200,000 shares from its earlier position. Operating in the wholesale, retail, and international leather-craft segments, Tandy Leather Factory, Inc. (NASDAQ:TLF) is a retailer and wholesale distributor of products such as leather-working tools, buckles, and adornments sold in 77 retail stores, all located in North America. Moving at a Beta of 0.63, Tandy’s stock gained more than 25.00% in…
Led by Boaz Weinstein, Saba Capital considerably increased its stake Forest Oil Corporation (NYSE:FST). A recent 13G filing with the SEC shows that the updated position now amounts to 12.75 million shares with a current market value of around $29.75 million – 10.71% of the company’s total market cap. Forest Oil Corporation (NYSE:FST) is an independent oil and gas company that engages in the acquisition, exploration, development, and production of natural gas and liquids in North America and other international locations. On May 6, 2014, the company announced the signing of a definitive merger agreement under which Sabine Oil &…
Paul Singer’s Elliott Management cut its activist stake in Emulex Corporation (NYSE:ELX). The fund’s current holding amounts to 3.28 million shares – 4.10% of the company’s total common stock outstanding. Previously, Elliott Management owned 4.38 million shares of Emulex. Based in Costa Mesa, California, Emulex Corporation (NYSE:ELX) is a provider of network connectivity, monitoring, and management hardware and software solutions that support enterprise, cloud, government, and telecommunications. In 2009, Broadcom Corporation (NASDAQ:BRCM), a US fabless semiconductor company operating in the wireless and broadband communication area, attempted to purchase Emulex for $9.25 per share, offering 40.00% premium over the stock’s closing price on April 20, 2009, and…
Managed by John A. Levin, Levin Capital Strategies increased its holding in Bio-Rad Laboratories, Inc. (NYSE:BIO). The current position amounts to 1.22 million shares, which represent 5.20% of the company’s aggregate Class A Common Stock. According to the fund’s 13F filing for the first quarter of 2014, Levin Capital previously held approximately 803,000 shares of Bio-Rad Labs. Incorporated in 1957, Bio-Rad Laboratories, Inc. (NYSE:BIO) is a manufacturer and supplier of a range of products and systems designed to separate complex chemical and biological materials and to identify, analyze and purify their components. Operating in the Life Science and Clinical Diagnostics…
Ken Griffin’s Citadel Investment Group has considerably surged the position in Burlington Stores Inc (NYSE:BURL). According to a recent filing with the Securities and Exchange Commission, the fund now owns 5.31 million shares – 7.20% of the company’s common stock outstanding. Previously, Citadel Investment held 1.51 million shares of the company. Operating 503 stores, including an online store, in 44 U.S. states and Puerto Rico, Burlington Stores Inc (NYSE:BURL) is a U.S. company offering fashionable branded products including women’s ready-to-wear apparel, menswear, youth apparel, and home goods using an Every Day Low Price model with savings up to 60-70% off…
Kerr Neilson’s Platinum Asset Management upped its passive stake in Qiwi PLC (NASDAQ:QIWI). The current position amounts to 2.35 million shares – 10.20% of the company’s total common stock, up from the previously held nearly 318,000 as reported in the fund’s latest 13F filing with the Securities and Exchange Commission. Qiwi PLC (NASDAQ:QIWI) is a provider of payment services across physical, online, and mobile channels in Russia and throughout the Commonwealth of Independent States. Having deployed 11.00 million virtual wallets and over 169,000 kiosks and terminals, QIWI enables over 40,000 merchants to accept an aggregate of RUB 44.00 billion ($12.50…
Neal C. Bradsher’s Broadwood Capital has raised its stake in BioTime, Inc. (NYSEMKT:BTX), a recent Form 4 filing with the Securities and Exchange Commission shows. The fund currently owns slightly more than 12.00 million shares of the company, purchasing 2.00 million shares at a price of $2.52 apiece. Broadwood’s current position is worth around $28.24 million, given BioTime’s current stock price. Based in Alameda, California, BioTime, Inc. (NYSEMKT:BTX) is a biotechnology company focused on the emerging field of regenerative medicine. Through its subsidiaries, BioTime develops pluripotent stem cells that can become any cell type in the human body. In 2011, the company issued 261,959 common shares and paid $250,000 in cash…
Led by Jason Karp, Tourbillon Capital Partners considerably increased its passive stake in Atlas Energy LP (NYSE:ATLS). According to a recent filing with the Securities and Exchange Commission, the fund now owns 2.61 million shares – 5.10% of the Atlas Energy’s aggregate common stock outstanding. Previously, Tourbillon owned slightly more than 27,000 shares and rights to purchase 38,400 other in the form of call options. Incorporated on December 15, 2005, Atlas Energy LP (NYSE:ATLS), is a US master limited partnership which focuses on the production and processing of oil & natural gas. The company develops necessary and efficient natural gas resources through two of its subsidiaries: Atlas…