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.

Latest Hedge Fund Moves: Carl Icahn, Ken Griffin, Steven Cohen and Others

Hedge fund managers have been very active this week, with several hedge fund gurus revealing important moves recently. Carl Icahn, Ken GriffinSteven Cohen and others have reported the newest changes to their equity portfolio.  Here is a summary of the biggest moves disclosed in the last couple of days.

Carl Icahn has continued adding to his investment in Nuance Communications Inc. (NASDAQ:NUAN). His fund, Icahn Capital LP, has revealed an increase in its stake from 52.4 million to 58.9 million shares, which account for 18.72% of the company’s common stock. Icahn has opened this position during the first quarter of 2013 and has been increasing it throughout 2013. Nuance offers voice and language software products worldwide. For the year ended September 30, 2013, the company posted revenues of $753 million and a loss per share of $0.37.

Nuance Communications Inc. (Nasdaq:NUAN)

Ken Griffin and Citadel Investment Group are optimistic about Finisar Corporation (NASDAQ:FNSR). In a recent filing, Citadel revealed the addition of 2.3 million shares, taking its stake to approximately 5 million shares, or 5.2% of the company’s common stock. Finisar stock has surged 26% so far in 2013 and has a trailing Price to Earnings (P/E) ratio of 73.53. The company is to release its financial results for the latest quarter today, December 5th, after market hours.

Steven Cohen and SAC Capital have boosted their stake in The Fresh Market Inc (NASDAQ:TFM). Cohen and SAC now hold approximately 2.4 million shares, valued at $96.7 million. Their holding accounts for 5.1% of the company’s common stock. The Fresh Market Inc is a grocery retailer operating in the United States. The company has a market cap of $1.97 billion and the stock has a trailing P/E ratio of 28.33. For the three months ended July 28, 2013, The Fresh Market posted sales of $354 million and Earnings Per Share (EPS) of $0.32.

The Fresh Market Inc (NASDAQ:TFM)

Mario Gabelli added to his fund’s position in Nathan’s Famous, Inc. (NASDAQ:NATH). GAMCO Investors has recently reported holding 592,600 shares, or 13.26% of the company’s shares outstanding. So far in 2013, Nathan’s Famous stock has advanced 47% and is trading at a trailing P/E ratio of 26.44. During the previous quarter, the company registered revenues of $23.6 million and earnings per diluted share of $0.57.

Last but not least is T2 Partners run by Whitney Tilson. According to a recent filing, Tilson has closed his funds position in dELiA*s, Inc. (NASDAQ:DLIA). An apparel retail company, dELiA*s has a market cap of $49 million and does not pay a dividend. Third quarter financial report revealed the company registered revenues of $33 million, down 29% from Q3 of 2013, and a loss per share of $0.40.

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!