Barry Rosenstein, Jana Partners Trim Their Stakes in Oil States International, Inc. (OIS) and Outerwall Inc (OUTR)

Barry Rosenstein‘s Jana Partners has revealed in two separate form 4 filings with the Securities and Exchange Commission, reducing its positions in Oil States International, Inc. (NYSE:OIS) and Outerwall Inc (NASDAQ:OUTR). The fund revealed selling 106,980 shares of Oil States International, trimming its position to around 6.12 million shares. In Outerwall, the fund sold 55,954 shares, and holds over 3.72 million shares following the deal.

Barry Rosenstein JANA PARTNERS

Jana Partners sold Oil States International, Inc. (NYSE:OIS) shares in one transaction, the price amounting to $101.46 apiece. Earlier in November, Barry Rosenstein’s fund also disclosed selling another 223,000 shares, cutting the stake to approximately 6.2 million shares.

Oil States International, Inc. (NYSE:OIS) is specialized in providing services to natural resources companies. Jana Partners is the largest shareholder in the company out of the funds we track, and its stake is currently larger than 5.45 million shares, the amount owned according to the latest round of 13F filings. Aside from Jana, Greenlight Capital, led by David Einhorn, revealed owning 2.75 million shares, with a reported value of $284.52 million, as at the end of September.

The fund managed by Barry Rosenstein, sold shares of Outerwall Inc (NASDAQ:OUTR) also in one deal. The price amounted to $64.95 per share. The fund boosted its stake in Outerwall earlier in October to 3.78 million shares, which represented 13.5% of the company’s common stock.

At that time, Jana stated that it purchased the securities because it considered the stock being undervalued, and planned to negotiate with the board regarding possibilities to increase the value of the company for the shareholders, such as selling or discontinuing some businesses.

Outerwall Inc (NASDAQ:OUTR) made some moves to enhance its value, such as the discontinuation of three venture concepts and cost reduction plans that are expected to save the company $22 million per year, starting with 2014, the company said in a statement.

Aside from Jana Partners, Tpg-Axon Management Lp, led by Dinakar Singh, also holds shares of Outerwall Inc (NASDAQ:OUTR), among others. In October, Tpg-Axon increased its stake to 1.43 million shares, from 1.30 million held at the end of September, and currently owns 5.1% of the company.

Disclosure: none

Recommended Reading:

SAC Capital Ups Stake in Crocs, Inc. (CROX)

Warren Buffett Reveals Holding 30.5% of USG Corporation (USG)’s Stock

Prescott Group Capital Management is Bullish on Comstock Holding Companies Inc (CHCI)

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!