Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Asbury Automotive Group, Inc. (ABG), Velti Plc (VELT), SeaWorld Entertainment Inc (SEAS): Hedge Funds’ Latest Acquisitions

Among many filings made with the Securities and Exchange Commission (SEC), there are several that are particularly crucial; these are 13Gs or 13Ds. These filings show the current actions in the hedge fund world. Today, let’s take a closer look to some of the recent filings which involve Eminence Capital and Asbury Automotive Group, Inc. (NYSE:ABG), Park West Asset Management and Velti Plc (NASDAQ:VELT), and Scout Capital Management and SeaWorld Entertainment Inc (NYSE:SEAS).

Ricky Sandler
Asbury Automotive Group

Eminence Capital, managed by Ricky Sandler, recently disclosed a 5.5% stake in Asbury Automotive Group, Inc. (NYSE:ABG). Eminence Capital posted a 23.19% return in 2012, according to ValueWalk. In this way, Asbury Automotive Group, Inc. (NYSE:ABG) will join other 66 holdings owned by Eminence Capital, according to our database.  Some other positions in the fund’s equity portfolio include Google Inc (NASDAQ:GOOG) and Advance Auto Parts, Inc. (NYSE:AAP). At the same time, it is important to mention some other funds that own shares of Asbury Automotive Group, Inc. (NYSE:ABG), such as AQR Capital Management with 304,019 shares and Phill Gross and Robert Atchinson’s Adage Capital Managementowning 725,000 shares valued at $23.2 million.

California-based Park West Asset Management reported owning 8.1% of Velti Plc (NASDAQ:VELT). Velti Plc (NASDAQ:VELT) is a company engaged in mobile marketing, as well as advertising technology and solutions. According to a statement, the revenue of Velti Plc (NASDAQ:VELT) jumped by 43% on the year to $270.3 million in FY2012. “We believe that 2013 will be a transitional year allowing us to deliver significant revenue growth in our business in the key markets as well as significantly improved cash flow, […] We further believe that we will show sequential growth and financial improvement throughout the year and beyond,” a statement quoted Velti Plc (NASDAQ:VELT)’s CFO, Jeff Ross.
SeaWorld Entertainment

James Crichton and Adam Weiss’ Scout Capital Management opened a new position in SeaWorld Entertainment Inc (NYSE:SEAS), which represents a 7.8% stake. Scout Capital Management is a mega-fund, so to speak, and aside SeaWorld Entertainment Inc (NYSE:SEAS), it holds 53 positions worth a total 13F value of $5.8 billion. Some other holdings of the Scout Capital Management are Wesco Aircraft Holdings Inc (NYSE:WAIR), Tripadvisor Inc (NASDAQ:TRIP), and Tesla Motors Inc (NASDAQ:TSLA).

Final thoughts

It is extremely beneficial to track hedge funds’ activity, while being up-to-date with their latest moves. In order to outrun your peers in the hedge fund world by always being informed, check out our premium strategy.

Disclosure: none

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!