13D Filing: Sand Grove Capital Reveals Large Activist Position in Campus Crest Communities, Inc. (CCG)

Published on February 22, 2016 at 2:03 pm by Meena Krishnamsetty in Hedge Funds,News

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At Insider Monkey, we closely monitor the moves made by activist investors. Their targets are often undervalued stocks with firm foundations that for one reason or another have failed to execute. At times, all it takes is a fresh outlook and a slight tweak to completely alter the makeup and efficiency of a company, and activists can provide this. They also shine a spotlight on shareholder value creation, which can be neglected by entrenched management who often have their priorities elsewhere. One of the new investors we are tracking this quarter is Simon Davies‘ Sand Grove Capital Partners, which just filed a 13D on Campus Crest Communities Inc. (NYSE:CCG), in which it now owns over 3.58 million shares. The fund had no ownership stake in the stock at the end of 2015.

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
Sand Grove Capital Management	3,585,301	00,000	3,585,301	00,000	3,585,301	5.5%

Page 1 of 4 SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. ________)*

CAMPUS CREST COMMUNITIES INC

(Name of Issuer)

REIT, $0.01 par value per share

(Title of Class of Securities)

13466Y105

(CUSIP Number)

Penelope Brudenell-Bruce

0203 770 8614

Duke’s Court

32-36 Duke Street St James’s

London

SW1Y 6DF

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

10 February 2016

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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