The S&P 500, Dow and NASDAQ have inched down since the opening bell on Friday. Among the stocks making some noise are Avianca Holdings SA (ADR) (NYSE:AVH), DISH Network Corp (NASDAQ:DISH), Tribune Publishing Co (NYSE:TPUB), Gap Inc (NYSE:GPS), and Broadcom Ltd (NASDAQ:AVGO). Let’s take a closer look at the events that put each stock in the spotlight and analyze how hedge funds are positioned in each stock.
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Potential Airline Suitors For Avianca Holdings
Avianca Holdings SA (ADR) (NYSE:AVH) is 16% higher after the Wall Street Journal published a column stating that multiple airlines including Delta Air Lines, Inc. (NYSE:DAL), and United Continental Holdings Inc (NYSE:UAL) might be potential bidders for Avianca. Avianca Holdings SA (ADR) (NYSE:AVH) is one of the largest airlines in Latin America and offers substantial long term growth prospects for suitors. The process is in early talks, and there might not be any deal at all. Of the 766 elite funds in our database, only three held shares of the stock at the end of the first quarter.
DISH Expands Sling TV
DISH Network Corp (NASDAQ:DISH)‘s online Sling TV product is about to get better after DISH struck a deal to expand its South Asian channel content in the United States. After having struck a deal with Asia TV USA or ‘Zee’, Sling TV will now have 27 more Zee channels in addition to the 10 channels already on the online offering. Cord cutting is a major trend, and DISH Network Corp (NASDAQ:DISH) could be a beneficiary if its Sling TV garners more traction. A total of 51 funds from our database amassed $2.51 billion worth of DISH Network Corp (NASDAQ:DISH) shares, which accounted for 11.70% of the float on March 31.
On the next page, we examine Tribune Publishing, Gap, and Broadcom.