Blue Mountain Capital Increase Stake in Lexmark International Inc (LXK)

Andrew Feldstein and Stephen Siderow have high hopes for Lexmark International Inc (NYSE:LXK). During the third quarter, their fund, Blue Mountain Capital, had increased its stake in the company by 28% to 3.8 million shares. In a recent filing with the Securities and Exchange Commission, Blue Mountain revealed an increase in their position to 5,079,972 shares, which account for 8.2% of the company’s common stock.

Lexmark International Inc (NYSE:LXK)

Cliff Asness and his AQR Capital Management have also been buying Lexmark International Inc (NYSE:LXK) shares. According to the fund’s latest 13F report, AQR holds 679,069 shares valued at $22.4 million. David Cohen and Harold Levy have, on the other hand, been reducing their exposure to this stock. During the third quarter of 2013, Iridian Asset Management reduced its stake by 13% to 2.15 million shares reportedly worth $71 million. David E. Shaw has also been trimming his fund’s holding of Lexmark stock. At the end of Q3, D E Shaw reported a 2% reduction in their holding to 544,619 valued at a little under $18 million.

Lexmark International Inc (NYSE:LXK) is a producer of printers and accessories and has a worldwide market presence. In 2013, the stock has advanced 47% to a current price of $35.08 per share. The company has a market cap of $2.18 billion and pays an annual dividend of $1.2, which represents a yield of 3.30%. Shares change hands at a Price to Earnings (P/E) ratio of 14.33 and have a beta of 1.51.

For the third quarter of 2013, Lexmark reported revenues of $782 million, a 5.66% year-over-year decrease, and Earnings Per Share (EPS) of $0.45. Analysts expect the company to register revenues of $927 million and earnings of $1.09 per share during the current quarter.

Disclosure: none

Recommended reading:

Ken Griffin And Citadel Add to Their Position in Finisar Corporation (FNSR)

Cannell Capital Reveals Moves In ValueVision Media Inc (VVTV), and Hooper Holmes, Inc. (HH)

Mario Gabelli, GAMCO Are Bullish on Nathan’s Famous, Inc. (NATH)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools 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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!