Is it a good time to buy Orbitz Worldwide, Inc. (NYSE:OWW) shares? Christian Leone thinks it is, having initiated a new position for his fund, Luxor Capital Group. In a recent filing with the Securities and Exchange Commission, Luxor Capital reveals the acquisition of 6 million shares, which account for 5.4% of the common stock.
David E. Shaw is also optimistic about the prospects of Orbitz Worldwide, Inc. (NYSE:OWW) and has boosted his fund’s stake in the company by 20% during Q1 of this year. His fund, D E Shaw, has reported ownership of approximately 1.86 million shares in its latest 13F filing. Paul Reeder and Edward Shapiro are also betting big on this stock, with their fund, Par Capital Management, holding 16.5 million shares of Orbitz Worldwide, Inc. (NYSE:OWW). Parag Vora does not share their optimism, though. His fund, HG Vora Capital Management, reportedly holds 750,000 shares, down 48% during the first quarter.