Mario Gabelli is Bullish on The Bon-Ton Stores, Inc. (BONT) & Ups Stake to 8.12%

Mario Gabelli’s Gabelli Funds and Teton Advisors have upped their holdings in The Bon-Ton Stores, Inc. (NASDAQ:BONT). According to a newly amended filing, GAMCO, Teton and Gabelli Funds hold in aggregate 1.42 million shares of the company, from 1.22 million held earlier. The aggregate stake, amasses 8.12% of the company’s common stock, an increase from 6.94% held earlier.

Mario Gabelli

GAMCO holds 647,397 shares The Bon-Ton Stores, Inc. (NASDAQ:BONT) out of the aggregate amount. Teton Advisors is deemed to own 300,427 shares, versus 230,175 shares held earlier. Gabelli Funds also upped its holding to 475,000 shares, from 350,000 disclosed earlier.

The Bon-Ton Stores, Inc. (NASDAQ:BONT), recently announced that its comparable stores in December have been negatively influenced by unfavorable weather conditions. However, despite the sales decrease, the company ended the month with lower inventory levels on the year, and it will be able to focus on spring season as well as some long-term initiatives, while going through a difficult retail environment.

On the back of the decrease of December sales, The Bon-Ton Stores, Inc. (NASDAQ:BONT) has also reviewed its outlook for the full-year fiscal 2013. The company expects a loss of 3.5% in its comparable store sale and an adjusted EBITDA to amount between $160 million and $170 million and for an EPS between -$0.30 and $0.15.

Chuck Royce‘s Royce & Associates is also a shareholder of The Bon-Ton Stores, Inc. (NASDAQ:BONT) with a stake, which amasses around 351,300 shares, as revealed in its latest 13F filing.

Aside from The Bon-Ton Stores, Inc. (NASDAQ:BONT), GAMCO also disclosed closing its holding in Mac-Gray corporation after the company has been acquired by CSC ServiceWorks, Inc. Mac-Gray Corporation (NYSE:TUC). Also, in another filing, GAMCO reported that it intends to nominate several candidates to be elected to the board of Superior Industries International Inc. (NYSE:SUP) at the next shareholders’ meeting of the company later this year. Gabelli’s funds own in aggregate 3.63 million shares of Superior Industries, which represent 13.22% of the stock.

Disclosure: none

Recommended Reading:

Moab Capital Partners Closes Stake in Mac-Gray Corporation (TUC) Following Merger

Hedge Fund News: Bill Ackman, Tom Sandell & Relational Investors

Bill & Melinda Gates Foundation Trust Discloses Selling Some Berkshire Hathaway Inc. (BRK.B); Plans To Sell 65 Mln More

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

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

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!