A recent 13D filing with the US Securities and Exchange Commission revealed that billionaire Mario Gabelli‘s GAMCO Investors has slightly decreased it stake in SJW Corp (NYSE:SJW), and now, together with its affiliates owns in total 830,266 shares, which amass 4.06% of the company’s outstanding common stock. Out of the aggregate amount, GAMCO solely holds 258, 475 shares, which compares to 293,175 shares GAMCO disclosed in its latest 13F filing (for the end of March).
SJW (NYSE: SJW) is a holding company that owns a few subsidiaries running in two different sectors – Real Estate Services and Water Utility Services. Over the past 12 months, the company’s shares have gained 24.72%. In its latest financial report for the first quarter of 2016, the company reported revenue of $61.1 million and earnings per share of $0.16, missing the estimates for both revenue of $65 million and earnings per share of $0.21.
At the end of March, a total of 11 hedge funds tracked by Insider Monkey were bullish on SJW (NYSE:SJW), up by five over the quarter. The biggest position was disclosed by Jim Simons’ Renaissance Technologies, worth around $10.5 million, and the second biggest position was held by Israel Englander’s Millennium Management, valued at $6.4 million. Some other investors long the stock encompass D. E. Shaw’s D E Shaw and John Overdeck and David Siegel’s Two Sigma Advisors.
Among investors who added SJW (NYSE:SJW) to its hedge funds’ portfolios at the end of March are Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, which had $3.4 million invested in the company, and Roger Ibbotson’s Zebra Capital Management, which initiated a $1 million position. Some other new SJW investors are Peter Muller’s PDT Partners, Paul Tudor Jones’s Tudor Investment Corp, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|GAMCO Asset Management Inc. I.D. No. 13-40445||237,475||258,475||258,475||1.27%|
|Teton Advisors, Inc. I.D. No. 13-4008049||111,304||111,304||111,304||0.54%|
|GGCP, Inc. I.D. No. 13-3056041||0.00%|
|GAMCO Investors, Inc. I.D. No. 13-400786||0.00%|
|Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b)||0.00%|
|Mario J. Gabelli||0.00%|