Christian Leone‘s Luxor Capital Group has further slashed its position in Hemisphere Media Group Inc (NASDAQ:HMTV), according to a recent 13D filing with the Securities and Exchange Commission. We reported in late-March that Luxor had unloaded 1.00 million shares of the stock, cutting its holding to 4.05 million shares, which it maintained through the end of March. Since then, Luxor has slashed another 2.80 million shares from its portfolio for $10.50 each as part of a Stock Repurchase & Lock-Up Agreement with the issuer, which is described in detail in item 4 of the filing. The sale of shares lowers Luxor’s position to just 1.25 million shares, which still represents 10.1% of the company’s stock.
Seven investment firms in our database were long Hemisphere Media Group Inc (NASDAQ:HMTV) at the end of March, unchanged from three months earlier. Jonathan Lennon’s Pleasant Lake Partners and Debra Fine’s Fine Capital Partners also held large positions in the stock on March 31. Shares of the media company have lost 25% year-to-date.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Luxor Capital Partners||0||626,292||0||626,292||626,292||5.1%|
|Luxor Capital Partners Offshore Master Fund||0||618,887||0||618,887||618,887||5.0%|
|Luxor Capital Partners Offshore, Ltd||0||618,887||0||618,887||618,887||5.0%|
|Thebes Offshore Master Fund||0||0||0||0||0||0%|
|Thebes Partners Offshore, Ltd||0||0||0||0||0||0%|
|Luxor Capital Group||0||1,245,179||0||1,245,179||1,245,179||10.1%|