Hibbet Sports, Invesco, Lions Gate, and More Stocks See Action From Activist Investors -- Barrons.com

Dow Jones06-22

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from June 13 through June 19, 2024. Source: VerityData

Increases in Holdings

Lions Gate Entertainment Liberty 77 Capital increased its stake in the entertainment studio to 9,225,836 shares. Liberty 77 did so through the purchase of 1,249,130 Lions Gate shares from June 6 through June 17 at prices ranging from $7.52 to $8.35 each. Following the purchases, Liberty 77 now owns 11% of Lions Gate's outstanding stock. Shares have dropped about 19% year to date.

Mastercraft Boat Holdings Coliseum Capital Management increased its stake in the recreational powerboat maker to 3,265,154 shares. Coliseum Capital purchased 191,181 Mastercraft shares from June 13 through June 17 at prices ranging from $19.50 to $20.31 each. Following the latest purchases, Coliseum Capital now owns 19.2% of Mastercraft's outstanding stock.

Decreases in Holdings

USA Compression Partners EIG Veteran Equity Aggregator cut its stake in the provider of natural-gas compression services to 10,321,916 shares. EIG Veteran sold 3,128,213 USA Compression shares from May 7 through June 14 at prices ranging from $23 to $25.14 each. Following the latest sales, EIG Veteran continues to own 8.3% of USA Compression's outstanding stock.

Invesco Trian Fund Management lowered its stake in the investment management firm to 27,223,734 shares. Trian did so through the sale of 6,614,516 Invesco shares from April 23 to June 13 at per share prices ranging from $14.78 to $15.63. Following the sales, Trian Fund Management continues to own 6.1% of Invesco's outstanding stock. Shares of Invesco have lost approximately 16% so far this year.

nCino Insight Venture Partners X lowered its stake in the cloud-based software firm to 27,141,639 shares. Insight Venture sold 1,871,828 nCino shares in open-market transactions on June 12 at prices ranging from $31.40 to $32 each. Following the sales, Insight continues to own 23.6% of nCino's outstanding stock. Shares have lost roughly 9% of their value in the year to date.

Seadrill Elliott Management decreased its stake in the offshore-drilling contractor company to 4,164,422 shares. Elliott Management sold 654,071 Seadrill shares from May 23 through June 13 at prices ranging from $48.97 to $51.89 each. Following the sales, Elliott Management continues to own 5.6% of Seadrill's outstanding stock. Shares have gained approximately 3% during the year.

Hibbett Sports Bronte Capital Management reduced its stake in the athletic apparel retailer to 605,382 shares. Bronte did so through the sale of 3,850 Hibbett Sports shares on May 20 at a price of $86.34 apiece. Following the sale, Bronte Capital now owns 5.1% of Hibbett Sports' outstanding stock. Shares have gained about 21% so far this year.

Email: editors@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

June 21, 2024 14:27 ET (18:27 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment