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Luxor Capital Takes Sizable Stake in MINDBODY Inc (MB)

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MINDBODY Inc (NASDAQ:MB) has a bullish new shareholder in the form of Christian Leone‘s Luxor Capital Group. A recent 13G filing with the SEC shows that Luxor has acquired just under 1.09 million shares of the company, giving it a 5.5% ownership stake in it. Luxor Capital did not own any shares of MINDBODY as of June 30.

The large stake by Luxor Capital, which the filing reports as being held as of October 11, comes shortly after the cloud services platform provider announced a deal with Under Armour Inc (NYSE:UA) which will see that company’s MyFitnessPal app integrated into MINDBODY’s platform, allowing users to sign up for and even pay for fitness classes through the app. The date of event is also the same day that a scathing article was posted to Seeking Alpha which suggested that shares have 80% downside potential over the next year, classifying the stock as another JOBS Act IPO bust. Roth Capital was unperturbed by the short attack and called the resulting weakness a buying opportunity, seeing several potential growth catalysts in the company’s future.

Christian Leone

Among the hedge funds in our database, shareholders of MINDBODY Inc (NASDAQ:MB) doubled to 12 during the second quarter, with their positions totaling $68.38 million in value collectively at the end of June. Among the shareholders with the largest positions on June 30 were Jim Simons‘ Renaissance Technologies (155,500 shares), Jack Ripsteen’s Potrero Capital Research (140,688 shares), and John Overdeck and David Siegel’s Two Sigma Advisors (123,599 shares).

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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 0 598,792 0 598,792 598,792 3.0%
Luxor Capital Partners Offshore Master Fund 0 489,215 0 489,215 489,215 2.5%
Luxor Capital Partners Offshore, Ltd 0 489,215 0 489,215 489,215 2.5%
LCG Holdings 0 1,088,007 0 1,088,007 1,088,007 5.5%
Luxor Capital Group 0 1,088,007 0 1,088,007 1,088,007 5.5%
Luxor Management 0 1,088,007 0 1,088,007 1,088,007 5.5%
Christian Leone 0 1,088,007 0 1,088,007 1,088,007 5.5%
Christian Leone
Christian Leone
Luxor Capital Group

Page 1 of 15 – SEC Filing


SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
SCHEDULE 13G
(RULE 13d – 102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. )*
MindBody, Inc.
(Name of Issuer)
Class A common stock, $0.000004 par value
(Title of Class of Securities)
60255W105
(CUSIP Number)
October 11, 2016
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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