We will now briefly go through Energizer’s financial performance during the latest fiscal quarter of the year. Ward M. Klein, the Chief Executive Officer of the firm, claimed that the company managed to deliver very strong adjusted net earnings per diluted share despite the negative effects of currency exchange rates. Energizer reported net sales of $1.01 billion during its fiscal second quarter of 2015 that ended on March 31, which yields a decrease of 5.1% year-over-year. However, the company posted adjusted net earnings per diluted share of $1.97, increasing 4.8% year-over-year. In the meantime, Energizer generated a net loss per diluted share of $1.41, slightly better than the loss of $1.57 reported in the same period a year ago. Within our database, Kenneth Mario Garschina’s Mason Capital Management represents the largest investor in Energizer Holdings Inc. (NYSE:ENR), owning 2.50 million shares, which are valued at $345.06 million as of March 31, 2015.
Tourbillon Capital Partners reported the acquisition of a 7.95 million-share stake in HRG Group Inc. (NYSE:HRG) during the first quarter, which is worth $99.22 million as of March 31. Regardless of the fact that the shares of HRG Group have plummeted by 8% year-to-date, the stock has been experiencing a firm uptrend during the last month. The financial performance of the company has been very promising as well, as the company delivered solid revenue growth despite the negative effect of the exchange rates. Additionally, Michael Sena stepped down from his Senior Vice President and Chief Accounting Officer positions at the end of May, so we might expect some fresh and innovative minds at the company who can put forward additional growth stimulating ideas. Ian Cumming and Joseph Steinberg’s Leucadia National is the largest shareholder in HRG Group Inc. (NYSE:HRG) within our database, owning 46.60 million shares.
Furthermore, Karp has taken a long position in Carter’s Inc. (NYSE:CRI). He acquired 1.0 million shares in the company, which are worth $92.47 million as of March 31. The stock has risen by over 22% since the beginning of 2015 as the company has been predominantly accompanied by positive news. Carter’s Inc. delivered better-than-expected financial results during its fiscal first quarter, which undoubtedly played a major role in the company’s success. The company’s consolidated net sales reached a figure of $684.8 million, which represents a 5.1% increase year-over-year. In addition to that, Carter’s Inc. also posted a net income of $49.8 million, $15.5 million higher when compared to the same period in 2014. From the pool of over 700 hedge funds that we track, Jonathan Auerbach’s Hound Partners is the largest equity holder in Carter’s Inc. (NYSE:CRI), owning 4.44 million shares.
Disclosure: None
