Crosslink Capital Cuts Stake in Pandora Media Inc (P); ESL Investments Sells Some More AutoNation, Inc. (AN) Shares

Crosslink Capital, managed by Seymour Sy Kaufman and Michael Stark, has further reduced its exposure to Pandora Media Inc (NYSE:P). According to a recent Form 4 filing with the Securities and Exchange Commission, the fund has disposed of 200,000 shares at a price of $37.31 each. Following this transaction, Crosslink Capital is left with a little more than 18 million shares.

ESL INVESTMENTS

Pandora Media Inc (NYSE:P)  has a market cap of $7.7 billion and does not pay a dividend. Shares are traded at a forward Price to Earnings (P/E) ratio of 85.33 and have a beta of 0.54. For the three months ended October 31, 2013, the company reported revenues of $120 million and earnings of $0.01 per share. Analysts expect Pandora Media to increase its revenues in the current quarter, with estimates around $175 million, while the earnings per share are expected to go into red, with market participants expecting a loss of $0.14 per share.

In another filing, Edward Lampert‘s ESL Investments has further reduced its stake in AutoNation, Inc. (NYSE:AN). A recent filing with the Securities and Exchange Commission has revealed that Lampert sold more than 1.8 million shares in 15 transactions at prices varying between $51.2 and $52 per unit. As a result, ESL Investments is left with 27.4 million shares, of which 14.4 are directly owned.

An automotive retailer, AutoNation, Inc. (NYSE:AN) has a market cap of $6.24 billion and does not pay a dividend. Shares are currently traded at a trailing P/E ratio of 17.22 and have a beta of 0.94. For the fourth quarter of 2013, the company registered revenues of $4.52 billion and earnings of $0.89 per diluted share. Market analysts expect the company to perform a little worse in the current quarter, expecting revenues of $4.37 billion and EPS of $0.76.

Disclosure: none.

Recommended reading:

Corvex Capital Ups Its Stake in Williams Companies, Inc. (WMB); Soroban’s Eric Mandelblatt To Join Company’s Board

Hedge Fund News: Carl Icahn, John Paulson & Paul Singer

Elliott Management Nominates Directors to Juniper Networks (JNPR)’s Board

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

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

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!