In a new filings with the U.S. Securities and Exchange Commission, GAMCO Investors, managed by Mario Gabelli, disclosed upping its stakes in Chemtura Corp (NYSE:CHMT) and The Pep Boys – Manny, Moe & Jack (NYSE:PBY).
GAMCO reported holding 4.54 million Chemtura Corp (NYSE:CHMT) shares, which represent an increase from 4.33 million shares the fund held previously. The stake amasses 5.01% of common stock outstanding. GAMCO, together with Gabelli Funds, Teton Advisors, Mario Gabelli and others, owns an aggregate 7.77 million shares of the company, equal to 8.58% of the common stock.
Chemtura Corp (NYSE:CHMT) is a global manufacturer and marketer of specialty chemicals, with a market cap of around $2.3 billion. In July, GAMCO reported raising its stake in Chemtura Corp (NYSE:CHMT) from 6.32 million to 7.27 million shares.
Last month, Chemtura Corp (NYSE:CHMT) announced that Anne Noonan resigned from the company as senior vice president, industrial engineered products, to pursue another opportunity.
GAMCO boosted its position in The Pep Boys – Manny, Moe & Jack (NYSE:PBY) to 6.16 million shares from 5.58 million shares reported previously. The stake is equivalent to 11.56% of common stock outstanding. In aggregate, GAMCO and its affiliates hold 8.68 million shares, representing 16.28% of the class.
The Pep Boys – Manny, Moe & Jack (NYSE:PBY) is an automotive aftermarket service and retail chain, and has a market cap of $554.9 million. For the second quarter of fiscal 2014, the company reported a net loss of $0.3 million, compared to net earnings of $5.4 million for the same quarter of 2013.
Glenhill Advisors, run by Glenn J. Krevlin, disclosed ownership of 4.34 million shares of The Pep Boys – Manny, Moe & Jack (NYSE:PBY). Another investor, Two Sigma Advisors, managed by John Overdeck and David Siegel, revealed holding 62,959 shares of the company.
Recently, GAMCO reported increasing its stakes in Tredegar Corporation (NYSE:TG) and Medical Action Industries (NASDAQ:MDCI). Earlier this month, the fund disclosed in a new filling that it closed its position in Hillshire Brands Co (NYSE:HSH), which now merged with Tyson Foods, Inc. (NYSE: TSN).