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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!