Gamco Investors Latest Moves Involve The Bon-Ton Stores, Inc. (BONT), Coleman Cable, Inc. (CCIX) & Others

Gamco Investors, managed by Mario Gabelli, has tweaked several holdings in its equity portfolio, as revealed from latest filings with the Securities and Exchange Commission.

Mario Gabelli

According to one of the filings, Gamco Investors has been bullish on The Bon-Ton Stores, Inc. (NASDAQ:BONT), upping its position to 1.86 million shares, from 1.67 million held earlier. The stake amasses 10.60% of common stock. The fund has been raising its stake in the stock.

The Bon-Ton Stores, Inc. (NASDAQ:BONT) operates 273 department stores, offering national and private brand fashion apparel and accessories. Early this month the company disclosed that unfavourable winter weather conditions hit its sales for December. The company revised its FY13 outlook of comparable store sales, which it expects will decline by around 3.50%, and expects its earnings per diluted share to be in the range of -$0.30 to $0.15.

D E Shaw, managed by D. E. Shaw upped its stake in the company by 149% in the third quarter of 2013 and now has 280,306 shares in its equity portfolio. At the same time, Thomas M Grumbacher, Strategic Initiatives Officer at Bon Ton Stores Inc has sold 240,000 shares in November and now has 890,945 shares in its equity portfolio.

Coleman Cable, Inc. (NASDAQ:CCIX) is the next on the list. Gamco Investors has added 1.14 million shares, initiating the stake in its equity portfolio. The holding amasses 6.18% of Coleman’s common stock.

Coleman Cable, Inc. (NASDAQ:CCIX) designs, develops, manufactures and supplies electrical wire and cable products for consumer, commercial and industrial applications. Recently the firm raised its copper prices by 4% – 6%.

Thomas E. Claugus Gmt Capital also initiated a position in the company in the third quarter of 2013 and currently holds 210,666 shares.

In Ampco-Pittsburgh Corp (NYSE:AP), Gamco Investors has disclosed owning 1.78 million shares, up from 1.09 million held previously. Currently, the fund owns 17.15% of the company’s stock.

Ampco-Pittsburgh Corp (NYSE:AP) operates in two segments forged and cast rolls, and air and liquid processing. Last month, the company declared a quarterly dividend of eighteen cents per share, consistent with the dividends paid in the previous quarters.

In the last couple of months, Robert Paul, Chairman and CEO at Ampco-Pittsburgh has significantly trimmed his stake in the company by more than 70% and now holds 53,453 shares.

Jim Simons’ Renaissance Technologies, is another hedge fund interested in Ampco-Pittsburgh, with 56,800 shares in its equity portfolio.

Gamco Investors also revealed ownership of 7.29% of the Ascent Capital Group Inc (NASDAQ:ASCMA)’s Series A Common Stock. The position amasses 995,171 shares, down from 1.03 million held earlier.

Ascent Capital Group Inc (NASDAQ:ASCMA) is a holding company with 100% interest in Monitronics International Inc. Monitronics is a home security alarm monitoring company. Recently the company implemented a stock repurchase program, purchasing upto $25 million of its Series A Common Stock.

A couple of months back, John Malone, a large shareholder significantly trimmed his stake in the company by selling 351,734 shares. Michael Pohl, director at Ascent Capital has also been seen slicing his position in the company’s stock.

12 West Capital Management, run by Joel Ramin is invested in the company, with 567,177 shares, worth $45.73 million.

Gamco Investors’ largest investment is in Viacom, Inc. (NASDAQ:VIAB), with a reported value of $289.09 million.

Disclosure: none

Recommended Reading:

Sanofi-Aventis Purchases $42.4 Million Worth of Regeneron Pharmaceuticals Inc (REGN)’s Stock

BlackRock Inc. Goes Bullish on Bed Bath & Beyond Inc. (BBBY)

Cadian Capital Management Edges Up Stake in General Cable Corporation (BGC)

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

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

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!