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Accuride Corp (ACW): Coliseum Capital Slightly Ups Its Stake

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A recent 13D filing with the US Securities and Exchange Commission showed that Christopher Shackelton and Adam Gray‘s Coliseum Capital owns 9.18 million shares of Accuride Corp (NYSE:ACW), which account for 19.0% of the company’s outstanding stock. This represents a slight increase in the stake, compared to 8.46 million shares Coliseum Capital disclosed in its last 13F filing (for the end of March). In addition, new filing revealed that Coliseum Capital owns almost $52.51 million in principal amount of the company’s 9.5% first lien bonds for investment purposes, and that the fund will further follow the company’s business strategies, holding the right to acquire, trade, dispose, hold, vote or otherwise deal with the Securities.

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Accuride Corporation (NYSE:ACW) is a company that manufactures vehicle components, such as ductile and gray iron castings, wheels, and wheel-end components across the North America. Over the past 12 months, the company’s shares have dropped by 61.44%. For the first quarter of 2016, Accuride Corporation (NYSE:ACW) reported a loss per share of $0.10 and revenue of $160.9 million, missing the estimates of loss per share of $0.06 and revenue of $165.4 million.

Among the hedge fund tracked by Insider Monkey, at the end of March, Jim Simons’ Renaissance Technologies reported the most valuable position in Accuride Corporation (NYSE:ACW), worth around $829,000, and the second biggest position was disclosed by Adam Wright And Gary Kohler’s Blue Clay Capital, valued at $402,000. Remaining investors that were bullish on this stock are John Overdeck And David Siegel’s Two Sigma Advisors, Bruce Salomon’s Elberon Capital, Paul Tudor Jones’ Tudor Investment Corp, and Gavin Saitowitz And Cisco J. Del Vall’s Springbok Capital.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Coliseum Capital Management 0 9,176,694 0 9,176,694 9,176,694 19.0%
Coliseum Capital 0 6,829,099 0 6,829,099 6,829,099 14.2%
Coliseum Capital Partners 0 5,278,585 0 5,278,585 5,278,585 10.9%
Coliseum Capital Partners II 0 1,550,514 0 1,550,514 1,550,514 3.2%
Adam Gray 0 9,176,694 0 9,176,694 9,176,694 19.0%
Christopher Shackelton 0 9,176,694 0 9,176,694 9,176,694 19.0%

Christopher Shackelton And Adam Gray
Christopher Shackelton And Adam Gray
Coliseum Capital

Page 1 of 12 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

ACCURIDE
CORPORATION

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

00439T206

(CUSIP Number)

Christopher Shackelton/Adam Gray

Metro Center

1 Station
Place, 7th Floor South

Stamford, CT 06902

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

May 24, 2016

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has
previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box.  x

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, (the Exchange Act) or otherwise subject to the liabilities of that section of the Exchange Act but shall be
subject to all other provisions of the Exchange Act (however, see the Notes).

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