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

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

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

Top 6 Cities For The Ultra Rich to Live in Comfort

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

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!