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BlueMountain Capital Takes Some Profits at High-Flying Radio One

BlueMountain Capital, Radio One: In an amended 13G filing with the SEC, Andrew Feldstein and Stephen Siderow’s BlueMountain Capital have just reported a 4.2% passive stake in Radio One, Inc. (NASDAQ:ROIAK). In its previous 13G filing this February, the fund reported a 10.1% position. Radio One is an urban-centric broadcasting company, and shares are up almost 270% year-to-date. The fact that BlueMountain is selling the majority of its stake now suggests simple profit-taking, and it tells us that Feldstein and Siderow have booked quite a gain on Radio One this year.

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Disclosure: none

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