Brian Jackelow Led The Charge Into One Of The Most Popular Stocks Of The First Quarter

The second-largest new holding of SAB Capital Management at the end of the first quarter is represented by Endurance International Group Hldgs Inc (NASDAQ:EIGI). The fund’s 13F filing showed that it owned a total of 2.00 million shares valued at $38.12 million. This stock also saw an increase of hedge fund activity during the first quarter, but SAB Capital Management ranks as the largest new shareholder and holds the third biggest stake. For the first quarter, Endurance International Group Hldgs Inc (NASDAQ:EIGI) posted earnings per share of $0.01, up from a loss of $0.15 a year earlier. Analysts expect it to post earnings per share of $0.25 for the current quarter. Paul Orlin and Alex Porter‘s Amici Capital and Josh Resnick’s Jericho Capital Asset Management are among the top shareholders of Endurance International with 3.49 million shares and 2.56 million shares respectively.

Travelport Worldwide Ltd (NYSE:TVPT) was also among SAB Capital Management’s new picks, the stake containing 1.75 million shares valued at $29.20 million. Travelport Worldwide Ltd is a major contributor in the travel and tourism industry, offering technology, distribution, payment, among other solutions to the $7 trillion global travel and tourism industry. Even though the stock is down by more than 20% since the beginning of the year, it still has an average ‘Buy’ rating and in the last couple of months Imperial Capital and Deutsche Bank raised their price targets to $21.00 and $19.00 respectively. Among the funds we track, Geoffrey Raynor’s Q Investments (Specter Holdings) is the largest shareholder with 8.17 million shares, followed by Christopher Pucillo‘s Solus Alternative Asset Management with a total of 6.72 million shares.

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