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Aviat Networks Inc (AVNW), Entegris Inc (ENTG), & Altisource Asset Management Corp (AAMC): Hedge Funds Increasing Their Holdings

Aviat Networks Inc (NASDAQ:AVNW), Entegris Inc (NASDAQ:ENTG), Altisource Asset Management Corp (NYSEMKT:AAMC) are three hot stocks on hedge funds radars currently. Three prominent hedge funds have boosted their stakes in the above mentioned companies in the last few days. Warren Lichtenstein’s Steel Partners continues to boost its stake in Aviat Networks Inc (NASDAQ:AVNW) and so does Thomas E. Claugus’ GMT Capital in Entegris Inc (NASDAQ:ENTG) and Christian Leone’s Luxor Capital Group in Altisource Asset Management Corp (NYSEMKT:AAMC).

Christian Leone

On October 6 & 7 Steel Partners bought 100,000 and 52,261 shares respectively of Aviat Networks Inc (NASDAQ:AVNW) at an average price of $1.76 per share. On October 2 also Steel Partners’ had acquired 568,864 shares of the company at prices between $1.77 per share. With these purchases, Steel Partners total ownership of Aviat Networks Inc (NASDAQ:AVNW)’s stock now stands at over 7.39 million shares. David Shaw’s firm, D.E. Shaw, reduced its exposure in Aviat Networks Inc (NASDAQ:AVNW) in the second quarter by 77%, bringing it down to just over 49,000 shares. However, Jim Simons‘ Renaissance Technologies is bullish on the stock; it increased its stake by 11% to 1.15 million shares during the second quarter.

Entegris Inc (NASDAQ:ENTG) is a $ 1.67 billion market cap semiconductors company. On October 2, GMT Capital bought 47,908 shares of the company at an average price of $11.55 per share. GMT Capital also bought 174,800 shares of the company on September 30 and October 1. GMT Partners now owns over 14.15 million shares of Entegris Inc (NASDAQ:ENTG). Though GMT has been a long standing major shareholder of Entegris Inc (NASDAQ:ENTG), it has been almost two years since the firm last increased its holding in the company, during the course of which the shares are up by around 45%. Entegris continues to be the largest investment of GMT Capital in the tech sector. Clifton S. Robbins’ Blue Harbour Group is another hedge fund that likes this stock. During the second quarter of 2014, Blue Harbour Group increased its stake in the company by 34% toover 3 million shares.

Altisource Asset Management Corp (NYSEMKT:AAMC) is a $1.52 market cap, real estate investment company. On October 6, 7 and 8 Luxor Capital Group bought 2,472 shares of the company in several tranches at an average price of $673.8 per share. Luxor has been continuously buying Altisource Asset Management Corp (NYSEMKT:AAMC)’s stock since August 20. Accounting for the current purchases, Luxor Capital now owns over 323,000 shares of the company directly and through its affiliates and subsidiaries. Brian Jackelow’s SAB Capital Management is another large shareholder of Altisource Asset Management Corp (NYSEMKT:AAMC) and as of June 30, 2014 owns over 219,000 shares of the company.

Disclosure: None

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