Coliseum Capital’s 13D On LHC Group, Inc. (LHCG) & Cross-Trade Transactions

Following 13D filings from the SEC is important, and not only when it comes to changes in notable investors’ equity portfolios per se, but also when hedge funds disclose other moves that caused them issue the filing. Coliseum Capital, an activist hedge fund managed by Christopher Shackelton and Adam Gray, recently filed an amendment to its 13D filing which discloses their ownership of 2.6 million shares of LHC Group, Inc. (NASDAQ:LHCG), with the value of the stake amounting to $57.4 million (at current prices)

Even though the amendment did not involve any changes in the number of shares held, it disclosed some information that might be useful for retail investors. The filing disclosed the list of entities that hold the LHC Group, Inc. (NASDAQ:LHCG) stock, and you can see them below:

Explanatory Note: This Amendment No. 2 (this “Amendment”), to the Schedule 13D (the “Initial 13D”) filed by the Filers (as defined below in Item 2) with the U.S. Securities and Exchange Commission (the “Commission”) on November 16, 2012, as amended and supplemented by Amendment No. 1 to the Initial 13D filed on March 14, 2013, amends and supplements the items set forth herein. As used in this statement, the term “Filers” collectively refers to:

• Coliseum Capital Management, LLC, a Delaware limited liability company (“CCM”);

• Coliseum Capital, LLC, a Delaware limited liability company (“CC”);

• Coliseum Capital Partners, L.P., a Delaware limited partnership (“CCP”);

• Coliseum Capital Partners II, L.P., a Delaware limited partnership (“CCP2”);

• Blackwell Partners, LLC, a Georgia limited liability company (“Blackwell”);

• Adam Gray (“Gray”); and

• Christopher Shackelton (“Shackelton”).

Also, the filing mentioned cross-trade transactions, not included in the open market: “On September 16, 2013, CCP2 acquired 127,678 shares of Stock from CCP and 59,609 shares of Stock from Blackwell.”

Aside from Coliseum, we should mention some other hedge funds that have been bullish on LHC Group, Inc. (NASDAQ:LHCG) in the latest round of 13F filings, including Aqr Capital Management, managed by Cliff Asness, Steven Cohen’s Sac Capital Advisors, and Joel Greenblatt’s Gotham Asset Management.

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Disclosure: none