Lee Ainslie Is Betting On Castlight Health, Inc. (CSLT); Kenneth Mario Garschina Ups Stake In Babcock & Wilcox Co (BWC)

Lee Ainslie, the manager of Maverick Capital, is betting on Castlight Health, Inc. (NYSE:CSLT). According to a recent Form 4 filing with the Securities and Exchange Commission, the fund has acquired 450,000 shares in one transaction at the price of $16 apiece. In another filing, Kenneth Mario Garschina‘s fund has also revealed a recent move: Mason Capital Management has decreased its stake in Babcock & Wilcox Co (NYSE:BWC). According to the Form 4 filing, 1.1 million shares were disposed of at a price of $32.80, leaving Mason Capital with approximately 10.8 million shares.

Castlight Health (NYSE:CSLT)

Castlight Health, Inc. (NYSE:CSLT) is a provider of cloud-based software services to enterprises in the United States and has recently gone public. The trading started of March 14 and 12,765,000 shares were offered at $16 apiece. The initial public offering included 1.66 million shares that were issued as options for underwriters. The company has announced that the options were exercised in full. In the first day of trading, the stock has skyrocketed to a price of $41.95 and has been falling ever since. The shares are currently trading at a price of $27.27, giving the company a market cap of $2.36 billion.

Lee Ainslie is also betting big on Zoetis Inc (NYSE:ZTS). According to Maverick’s latest 13 F report, the fund has increased its holding of Class A Zoetis shares by 2021% to 7.63 million shares valued at $249 million. Another notable change is the addition of 2.29 million shares of Citrix Systems, Inc. (NASDAQ:CTXS), taking Maverick’s position to 4.85 million shares reportedly worth $307 million. Ainslie’s top holding is eBay Inc(NASDAQ:EBAY), a position he has created during the fourth quarter of 2013. Maverick owns 5.72 million shares valued at $314 million.

Babcock & Wilcox Co (NYSE:BWC)

A producer of nuclear components for the energy industry, Babcock & Wilcox Co (NYSE:BWC) has a market cap of $3.64 billion and pays an annual dividend of $0.36 per share, which represents a yield of 1.1%. The stock is traded at a trailing Price to Earnings (P/E) ratio of 10.xx, half the industry average of 21.40. So far this year, the stock has been trending sideways in the $32-$35 channel and has been edging closer to the all time high of $36 per share that was achieved in 2011. For the three months ending December 31, 2013, Babcock & Wilcox posted revenues of $802 million and earnings per share (EPS) of $1.55. Analysts expect the company to register revenues of $716 million and EPS of $0.44 for the current quarter.

Michael Blitzer is also bullish on this stock and has increased his fund’s holding by 29% during the previous quarter. In its latest 13F filing, Kingstown Capital Management has reported the ownership of 1.8 million shares valued at $61.5 million. Jeffrey Smith is also optimistic about the prospects of Babcock & Wilcox Co (NYSE:BWC). During the fourth quarter of 2013, his fund, Starboard Value LP, has increased its stake by 191% to 2.4 million shares valued at $82 million. David Einhorn is also keeping an eye on this stock, with his fund, Greenlight Capital, holding 3.9 million shares worth approximately $136 million.

Kenneth Mario Garschina has high hopes for Vodafone Group Plc (ADR) (NASDAQ:VOD) as Mason Capital reported a 171% increase in its holding for the fourth quarter of 2013. The fund holds 13.8 million shares reportedly worth $543 million and is Garschina’s second biggest equity position. Another important change is the 27% increase in the holding of Anadarko Petroleum Corporation (NYSE:APC). As a result, Mason Capital now holds 3.67 million shares valued at $291 million. Garschina’s top stock pick is Energy Transfer Equity LP (NYSE:ETE) a position he slightly trimmed last quarter to 6.92 million shares worth $565 million.

Disclosure: none.

Recommended reading:

Mason Capital Management Initiates 6% Stake in Men’s Wearhouse (MW)

Mason Capital Management Boosts Stake in Hubbell Incorporated (HUB.A)

Aaron Cowen’s Suvretta Capital Management Loves These Stocks

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

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

6 Ways 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

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!