Phil Gross and Robert Atchinson’s Adage Capital Management recently filed a Form 13G with the Securities and Exchange Commission, in which it reported increasing its stake in Ultratech Inc (NASDAQ:UTEK) to 1.45 million common shares, which account for 5.45% of the company’s outstanding stock. Previously, the fund disclosed owning 1.18 million shares in its latest 13F filing, for the reporting period of March 31.
Ultratech is a company that distributes laser thermal processing, photolithography and inspection equipment. Over the previous 12 months, the firm’s stock gained 20.93%. According to its latest financial report for the first quarter of 2016, the company incurred a loss per share of $0.04, in-line with estimates, while revenue came in at $45.21 million, beating estimates of $39.1 million.
According to our hedge fund database, 11 investors were bullish on Ultratech (NASDAQ:UTEK) at the end of March, compared to nine a quarter earlier. The biggest position belonged to Clint Carlson’s Carlson Capital, and was valued at $75.4 million, with the second-biggest position being reported by Adage Capital Management. Some other investors long the stock contained D E Shaw, Ken Hahn’s Quentec Asset Management, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital. Peter Muller’s PDT Partners initiated the biggest position in the stock during the first quarter, having $0.6 million invested in the company at the end of the quarter.
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|
|Adage Capital Partners||1,450,757||0||1,450,757||0||1,450,757||5.43%|
|Adage Capital Partners GP||1,450,757||0||1,450,757||0||1,450,757||5.43%|
|Adage Capital Advisors||1,450,757||0||1,450,757||0||1,450,757||5.43%|
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