Appaloosa Management Sends Letter To TerraForm Power & Three Other Notable Hedge Fund Moves

In its latest filing, Tiger Management disclosed upping its position in Enzymotec Ltd (NASDAQ:ENZY) to 1.16 million shares, up from 804,854 ordinary shares held previously. The stake is passive by nature and represents 5.2% of the company’s stock. Enzymotec is a developer and maker of innovative bio-active lipid based nutritional ingredients and medical foods. Enzymotec Ltd (NASDAQ:ENZY)’s performance was impressive during the third quarter. The company’s income increased to $1.5 million, or $0.07 per share, versus $1.2 million, or $0.05 per share, a year ago. Its revenues were $12.4 million, a year-over-year increase of 30.7%. John Paulson’s Paulson & Co holds 4.24 million shares of the company, worth $38.37 million as of the end of the third quarter.

In addition, Altimeter Capital has disclosed a new position in Pure Storage Inc (NYSE:PSTG), a flash enterprise storage array company, with a market cap of $3.23 billion. The filing showed that Altimeter Capital holds 1.80 million Class A common Pure Storage shares; the passive stake is equal to 7.2% of the company’s stock. In the third fiscal quarter ended October 31, Pure Storage Inc (NYSE:PSTG)’s loss widened to $56.5 million, versus $40.4 million in the year-ago quarter. However, the company was able to boost its revenue to $131.4 million compared to $49.2 million last year. During the third quarter, Pure Storage added over 250 new customers, increasing its customer base to more than 1,350 organizations. In October, Pure Storage (NYSE: PSTG) completed its initial public offering under which 28.75 million shares Class A common shares were sold at a price of $17.00 per share.

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