Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Eastern Capital Just Trimmed its Stake in Remark Media

Eastern Capital: Remark Media Inc (NASDAQ:MARK) recently got cut in the equity portfolio of Eastern Capital Advisors. According to a filing with the SEC, the fund currently holds about 557,300 shares, valued at more than $2.2 million, at the current price of company’s stock. The position held by Eastern Capital Advisors represents 7.7% of the company and has been decreased by 80,500 shares.

Remark Media

Earlier this year, Remark Media, a company involved with digital media, acquired, a company operating several websites related to beach lifestyle. In addition to it, Remark also owns several other brands such as Sharecare, the international (China and Brazil) version of howstuffworks, BoWenWang, and Dimespring.

Some of the funds that disclosed ownership of Remark Media shares in their 13F filings are Capital Research Global Investors, which disclosed ownership of 366,600 shares, followed by Ashford Capital Management with 282,900 shares, and Capital World Investors, which owned around 28,000 shares at the end of the last quarter.

Recommended Reading:

Tom Sandell’s Epic Thesis Calling For a Bob Evans Sale or Spinoff

Hedge Fund News: Ben Bernanke, Cliff Asness & George Soros’s Housing Bet

Why Bill Ackman Could Boost This Stock By 35%

Disclosure: none

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!