Citadel Advisors’ Two Latest Moves: ChannelAdvisor Corp (ECOM) and KB Home (KBH)

In two new moves filed today with the Securities and Exchange Commission, Ken Griffin and his fund Citadel Investment reported boosting its stake in ChannelAdvisor Corp (NYSE:ECOM) and KB Home (NYSE:KBH).

Ken Griffin with computers

In ChannelAdvisor Corp (NYSE:ECOM) Citadel revealed ownership of 1.22 million shares, the stake representing 5.4% of the common stock. Earlier, in its latest 13F, the fund disclosed holding around 1.01 million shares of the company.

ChannelAdvisor Corp (NYSE:ECOM) is a provider of software-as-a-service solutions enabling retailers and manufacturer to integrate, optimize and manage their merchandise sales across their online channels.

Recently, Louis Volpe a director at ChannelAdvisor Corp (NYSE:ECOM) has dumped its holding, by selling close to 56,000 shares, at a price of $39.76 apiece. Another director, Kodiak Ventures Management Company, Inc., also sold 27,540 shares on the same day.

Drew Cupps’ Cupps Capital Management, boosted its position in ChannelAdvisor Corp (NYSE:ECOM) to 327,624 shares at the end of the fourth quarter, from 213,907 shares held previously.

In the second filing, Citadel reported raising the stake in KB Home (NYSE:KBH) to a total of 5.1% of the common stock, the stake amassing 4.27 million shares, above the previous amount of 2.65 million shares held at the end of 2013.

KB Home (NYSE:KBH) builds a single-family residential homes, townhomes and condominiums. Odey Asset Management Group, managed by Crispin Odey, held 4.71 million shares of KB Home, worth $86.07 million at the end of the fourth quarter. Millennium Management, run by Israel Englander also revealed owning 642,717 shares with a reported value of $5.01 million at the end of the fourth quarter of 2013.

Recently, Citadel Investment Group disclosed boosting its stake in Beazer Homes USA Inc. (NYSE:BZH) to 1.34 million common stock shares from 201,000 shares held earlier. Earlier this month, the fund also reported initiating a position in Home Company Inc (NYSE:NWHM), amassing 917,100 shares and boosting its position in Ralph Lauren Corp (NYSE:RL) to 3.17 million shares from 1.16 million shares held earlier.

Disclosure: none

Recommended Reading:

Israel Englander’s Millennium Management Loves These Stocks

Viking Global Top Picks From the Latest 13F

Billionaire David Einhorn is Betting on Apple and Micron Technology Among Others

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

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

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals 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!