Sandell Asset Management Largest Equity Portfolio Moves

In its latest 13F, Tom Sandell’s Sandell Asset Management has disclosed positions held at the end of March 31, 2014. The fund has disclosed a total of 30 positions, with the value of equity portfolio amounted to $615.3 million, up from $497.3 million in the fourth quarter of 2013.

Thomas Sandell

In the Sandell’s equity portfolio, Compuware Corporation (NASDAQ:CPWR) is represented as the largest holding, in which the fund owns 7.06 million shares, with a reported value of $74.2 million. Compuware Corporation (NASDAQ:CPWR) is a technology performance company that provides software, experts and best practices to ensure applications work well and deliver business value. The company’s solutions optimize application performance across the Enterprise and the Internet for leading organizations around the world. As at the end of December 2013, Sandell disclosed ownership of 4.82 million shares of the company. In February, Paul Singer’s Elliott Management reported upping its stake in Compuware Corporation (NASDAQ:CPWR) to 21 million shares from 18.67 million shares disclosed by at the end of the third quarter of 2013.

Meritor Inc (NYSE:MTOR) is another important holding, in which the fund revealed owning 2.60 million shares, worth $31.9 million. However, in a recent filing, Sandell has reported increasing its passive stake in Meritor Inc (NYSE:MTOR) to more than 5.03 million shares. Meritor Inc (NYSE:MTOR) is the world’s largest independent manufacturer of commercial vehicle axles. For the second quarter of fiscal year 2014, the company reported sales of $962 million, up 6% from the same period last year. The company’s net loss from continuing operations, on a GAAP basis, was $2 million, or $0.02 per diluted share, compared to a loss of $4 million, or $0.04 per diluted share, in 2013.

In Hologic Inc. (NASDAQ:HOLX), Sandell disclosed a $21.1 million stake, containing 981,710 shares. Hologic Inc. (NASDAQ:HOLX) is a developer, manufacturer and supplier of premium diagnostic products, medical imaging systems, and surgical products, with an emphasis on serving the healthcare needs of women. The company has a market cap of $6.3 billion. Other investors of the company include Carl Icahn’s Icahn Capital LP, which owned 34.15 million shares, and Ralph V. Whitworth’s Relational Investors, which disclosed ownership of 19.95 million shares of the company as at the end of 2013.

Sandell reported holding 853,800 shares of Ashford Hospitality Prime Inc (NYSE:AHP), with a reported value of $12.91 million.                 Texas-based Ashford Hospitality Prime Inc (NYSE:AHP) is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service and urban select-service hotels and resorts located predominantly in domestic and international gateway markets. The company acquired the 142-room Pier House Resort and Spa from Ashford Hospitality Trust Inc. (NYSE: AHT) for a total consideration of $92.7 million, according to a statement. The largest shareholders of the company include Cliff Asness’ Aqr Capital Management, which held 364,201 share at the end of the fourth quarter of 2013.

Sandell revealed a $8.71 million stake in Accelrys Inc. (NASDAQ:ACCL) at the end of March 2014. Accelrys is a provider of scientific innovation lifecycle management software, supports industries and organizations that rely on scientific innovation to differentiate themselves. For the fourth fiscal quarter ended December 31, 2013, the company reported non-GAAP net income of $5.3 million, or $0.09 per diluted share, compared to non-GAAP net income of $4.5 million, or $0.08 per diluted share, for the same quarter of the previous year. Non-GAAP net income was $20.5 million, or $0.36 per diluted share, for the year ended December 31, 2013, compared to non-GAAP net income of $19.6 million, or $0.35 per diluted share, for the year ended December 31, 2012.

Disclosure: none

Recommended Reading:

Prescott Group Capital Management’s Top New Holdings

Chris Shumway: Sohn Conference

Hedge Fund News: David Einhorn, Barry Rosenstein & George Soros

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

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

The 10 Biggest Outlet Malls in USA

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!