Glenview Capital, led by Larry Robbins, recently decreased its stake in Flextronics International Ltd. (NASDAQ:FLEX). According to a recent Form 4 filing, the fund now owns 59.13 million shares of the company, after disposing of 1.05 million shares at a price of $9.15 apiece. A global provider of global supply chain solutions, Flextronics International Ltd. (NASDAQ:FLEX) delivers design, engineering, manufacturing and logistics services to a range of industries and end-markets The company’s service offerings and vertically integrated component technologies are designed to lower costs, increase flexibility, and reduce time-to-market. Flextronics International’s profitability spiked in 2011, when the company delivered profits of $606.35 million, but decreased in the following years to $510.65…
Author: Casey Sanders
Barry Rosenstein’s Jana Partners nearly doubled its passive stake in SUPERVALU INC. (NYSE:SVU). The fund’s current position amounts to 32.23 million shares, which have an approximate current market value of $212.25 million – 11.60% of the company’s total market capitalization. Previously, Jana Partners owned slightly more than 17.00 million shares of SUPERVALU INC. SUPERVALU INC. (NYSE:SVU) is a US company which owns and operates SAVE-A-LOT, a US leading hard discount grocery chain of more than 1,170 stores. The company’s operations range from the sale of groceries at SUPERVALU’s retail locations to the wholesale distribution to independently-owned retail food stores, mass merchants, and other customers. The company’s revenues slumped approximately…
Eric Bannasch’s Cadian Capital decreased its stake in Green Plains Renewable Energy Inc. (NASDAQ:GPRE), according to a recently amended 13G filing with the SEC. The current position amounts to almost 3.00 million shares, a 7.91% stake in the company, nearly half the stake previously owned. A vertically-integrated producer, marketer, and distributor of ethanol based in Omaha, Nebraska, Green Plains Renewable Energy Inc. (NASDAQ:GPRE) has an annual ethanol production capacity of approximately 1.00 billion gallons, owning 12 plants located throughout the US. Last year, Green Plains acquired two ethanol plants, located in Wood River and Fairmon, and bought the interests of Choice Ethanol Holdings LLC, which owns a former NEDAK Ethanol…
Jeffrey Ubben’s Valueact Capital has boosted its activist stake in Msci Inc (NYSE:MSCI). The new position amounts to 9.34 million shares of the company, up from the previously held 7.45 million. The fund currently owns 8.00% of Msci’s common stock, a new filing with the Securities and Exchange Commission revealed. Msci Inc (NYSE:MSCI) is a US company, which operates in the Performance and Risk business and the Governance business segments, providing investment decision support tools, including indexes and portfolio risk and performance analytics products and services. Msci is best known for publishing the widely used as benchmark indexes MSCI World and MSCI EAFE. In 2010, the company acquired RiskMetrics Group, Inc, a former global provider of…
According to a recently amended 13D filing with the Securities and Exchange Commission, Third Point, a fund led by Dan Loeb, announced that it reached an aggreement with Sothebys (NYSE:BID) concerning the expansion of the latter’s Board of Directors to combine the company’s and Third Point director slates. Pursuant to the agreement, Daniel S. Loeb, Olivier Reza, and Harry J. Wilson have been appointed to the Board and will be included in the company’s slate of director nominees for election at the Annual Meeting of Shareholders expected to be held on the 6th of May, 2014. Noteworthy, Third Point’s in…
Managed by Jeffrey Smith, Starboard Value Lp disclosed a new activist stake in RealD (NYSE:RLD). According to a recent filing with Securities and Exchange Commission, Starboard now owns 3.10 million shares, a stake of 6.30% in the company. Founded in 2003, RealD (NYSE:RLD) is a global licensor of 3D and other visual technologies to motion picture exhibitors which show 3D motion pictures and alternative 3D content. The world’s most widely used 3D cinema technology, RealD 3D is available on more than 25,000 cinema screens around the world. Operating in the cinema, consumer electronics, and professional segments, RealD also offers active and passive eye-wear to content providers and consumer electronics manufacturers to enable the delivery and viewing of…
Managed by Phil Frohlich, Prescott Group Capital Management has recently revealed its equity portfolio allocation for the first quarter of 2014, according to the fund’s latest 13F filing with the Securities and Exchange Commission. The fund holds a diversified $526.4 million worth portfolio, of which almost 23.00% is invested in Technology stocks and 30.00% in Services. During the last 3 months, its value remained almost unchanged, gaining only 0.60%. Prescott slightly increased its largest holding, Air Transport Services Group Inc. (NASDAQ:ATSG), to 5.89 million shares with an aggregate value of $46.21 million – a 8.72% stake in the equity portfolio’s…
Peter Kolchinsky’s Ra Capital Management considerably boosted its stake in Dyax Corp. (NASDAQ:DYAX), a recent 13G filing with the SEC shows. The updated position amounts to slightly more than 9.00 million shares of the company, up from the previously owned 5.76 million. The fund now owns a stake of 6.60% of Dyax Corp’s aggregate common stock outstanding, Incorporated on May 26, 1989, Dyax Corp. (NASDAQ:DYAX) is an integrated US biopharmaceutical company which focuses on the discovery, development and commercialization of novel biotherapeutics for conditions such as ACE inhibitor-induced angioedema, plasma kallikrein mediated and hereditary angioedema, and angioedema of unknown origin. Generating steadily shrinking losses in the past 3 years -…
Conan Laughlin’s North Tide Capital revealed an increased stake in Almost Family Inc (NASDAQ:AFAM). The current position amounts to 945,000 shares – slightly more than 10.00% of the company’s total common stock. Previously, the fund held around 757,000 shares of Almost Family. Founded in 1976 and headquartered in Louisville, Kentucky, Almost Family Inc (NASDAQ:AFAM) is a leading US provider of a range of home health nursing, rehabilitation, and personal care services. With over 150 locations in 11 states, Almost Family operates in the Visiting Nurse segment, providing skilled nursing and therapy to Medicare beneficiaries, and the Personal Care segment, providing…
Edgar Wachenheim’s Greenhaven Associates recently revealed its 13F portfolio allocation for the first quarter of 2014. With approximately 75.00% of its value invested in the Basic Materials and Services Sectors, the fund’s equity portfolio is now worth $4.87 billion, up 2.00% from the previous quarter. Greenhaven has generally preserved the total number of shares owned in its largest positions, although the value of those shares has somewhat changed. Baker Hughes Incorporated (NYSE:BHI), in which the fund holds around 9.40 million shares worth $611.41 million, represents the largest share (12.54%) in the fund’s equity portfolio. The two other top value positions…