According to a recent 13D filing with the US SEC, billionaire Mario Gabelli‘s GAMCO Investors and its affiliates own in aggregate 8.82 million shares of Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD), which account for 12.61% of the company’s outstanding stock. Out of the aggregate amount, GAMCO alone holds 4.74 million shares representing 6.82% of the outstanding stock, which shows a slight decrease in GAMCO’s sole ownership stake, as the fund reported holding almost 4.78 million common shares in its latest 13F Filing (for the reporting period ended June 30).
Aerojet Rocketdyne Holdings, formerly GenCorp, is a company that produces aerospace and defense systems and products, running in two sectors: Real Estate, and Aerospace and Defense. Recently, the company helped the launch of two Geosynchronous Space Situational Awareness Program (GSSAP) satellites into orbit with a mission to detect and follow space objects – all being a part of Air Force Space Command-6 (AFSPC-6) mission. Over the past 12 months, Aerojet Rocketdyne Holdings’ stock decreased by 9.25%. In its latest financial report for the second quarter of fiscal 2016, the company disclosed net sales of $408.4, which compares to net sales of $457.8 million for the corresponding quarter in the previous year.
At the end of June, there were 16 investors from our database bullish on Aerojet Rocketdyne Holdings (NYSE:AJRD), compared to 19 smart money managers long the stock in the previous quarter. Among those investors long the company at the end of the second quarter, were Michael Blitzer’s Kingstown Capital Management, which held a position valued at close to $64 million, Jim Simons’ Renaissance Technologies with a $24.5 million position, Chuck Royce’s Royce & Associates, Jacob Gottlieb’s Visium Asset Management, Bart Baum’s Ionic Capital Management, and Ken Griffin’s Citadel Investment Group.
Some of the investors who lost interest in Aerojet Rocketdyne Holdings (NYSE:AJRD) and decided to drop its positions include Robert Vollero And Gentry T. Beach’s Vollero Beach Capital Partners, which said goodbye to a position estimated at the end of March at $686,000, and Alec Litowitz And Ross Laser’s Magnetar Capital, which sold off its position worth around $381,000.
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|
|GAMCO Asset Management Inc. I.D. No. 13-40445||4,407,389||4,755,538||4,755,538||6.80%|
|Teton Advisors, Inc. I.D. No. 13-4008049||1,218,900||1,218,900||1,218,900||1.74%|
|GGCP, Inc. I.D. No. 13-3056041||14,000||14,000||14,000||0.02%|
|GAMCO Investors, Inc. I.D. No. 13-400786||0.00%|
|Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b)||0.00%|
|Mario J. Gabelli||0.00%|