Mario Gabelli’s Latest Moves: Xyratex Ltd. (XRTX), BioScrip Inc (BIOS), & LIN MEDIA LLC (LIN)

In another round of filing with the Securities and Exchange Commission, Mario Gabelli has revealed his latest moves. Together with GAMCO Investors and its subsidiaries, Gabelli has dumped the 1.54 million shares of Xyratex Ltd. (NASDAQ:XRTX) they have bought earlier this year. In another move, Gabelli has massively increased his fund’s investment in BioScrip Inc (NASDAQ:BIOS) to 3.69 million shares, which account for 5.42% of the company’s common shares. Last but not least, Gabelli and GAMCO have increased their stake in LIN MEDIA LLC (NYSE:LIN) to 2.92 million shares or 8.47% of the total number of shares outstanding.

Mario Gabelli

Xyratex Ltd. (NASDAQ:XRTX) is held in high regards by Matthew Drapkin and Steven R. Becker, who have built a new position for their fund in the fourth quarter of 2013. Becker Drapkin Management reported ownership of 1.22 million shares valued at $16.2 million in its latest 13F filing. Paul Glazer, the manager of Glazer Capital, is also betting big, having acquired approximately 489,200 shares for his fund in the same period, a position worth around $6.5 million.

Xyratex Ltd. (NASDAQ:XRTX) is a provider of modular solutions for data storage devices. The company has a market cap of $364 million and does not pay a dividend. So far this year, the stock has been trending sideways, close to the start-of-the-year price of $13.29 per share. With a current price of $13.24, the stock is traded at a forward Price to Earnings (P/E) ratio of 17.42. For the three months ending Novemeber 30, Xyratex posted revenues of $185 million and a loss per share of $0.76. Previous quarter is expected to bring $166 million in revenue and a loss per share of $0.1.

Phil Frohlich is also betting big on BioScrip Inc (NASDAQ:BIOS), with his fund, Prescott Group Capital Management, having increased its stake by 128% during the Q4 of 2013. In its latest 13F report, Prescott has revealed ownership of 2.43 million shares worth approximately $18 million. Alan Fournier is also a fan, having upped his fund’s stake by 44% in the same period. Pennant Capital Management holds more than 5 million shares reportedly worth $37.7 million.

A provider of home health care services, BioScrip Inc (NASDAQ:BIOS) has a market cap of $473 million and does not pay a dividend. The company announced revenues of $243 million and a loss of $0.16 per share for the three months ending December 31, 2013. For the first quarter of 2014, it is expected to register $223 million in revenues and a loss per share of $0.03. The stock has entered a downtrend following the $17.62 high in July 2013 and has been trending sideways since the start of 2014. With a current price of $6.93 per share, the stock is trading at a forward P/E ratio of 49.50. It is recommended as a Buy and Strong Buy.

Keith Meister is also very bullish on LIN MEDIA LLC (NYSE:LIN) and has increased his fund’s stake by 69% during the fourth quarter of 2013. Corvex Capital reported ownership of 949,600 shares worth approximately $27.2 million. Bart Baum has massively increased his fund’s investment in Lin Media during the same period, taking it to 726,100 shares reportedly worth $20.8 million.

LIN MEDIA LLC (NYSE:LIN) is a local multimedia company that operates in the United States. It has a market cap of $922 million and does not pay a dividend. The stock is traded at a trailing P/E ratio of 9.xx, approximately twice the industry average of 4.20. The company has posted revenues of $184 million and earnings of $0.1 per share for the fourth quarter of 2013. Analysts’ estimates for the first quarter of 2014 are as follows: revenues of $165 million and EPS of $0.05.

Disclosure: none.

Recommended reading:

Telephone & Data Systems, Inc. (TDS) And Two Other Moves From Mario Gabelli and GAMCO Investors

Mario Gabelli Reveals Latest Moves In Its Equity Portfolio

Cadence Pharmaceuticals, Inc. (CADX), Griffin Land & Nurseries, Inc. (GRIF) and Three Other Moves From Mario Gabelli and GAMCO Investors

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!