Citadel Advisors’ Two Latest Moves: ChannelAdvisor Corp (ECOM) and KB Home (KBH)

In two new moves filed today with the Securities and Exchange Commission, Ken Griffin and his fund Citadel Investment reported boosting its stake in ChannelAdvisor Corp (NYSE:ECOM) and KB Home (NYSE:KBH).

In ChannelAdvisor Corp (NYSE:ECOM) Citadel revealed ownership of 1.22 million shares, the stake representing 5.4% of the common stock. Earlier, in its latest 13F, the fund disclosed holding around 1.01 million shares of the company.

ChannelAdvisor Corp (NYSE:ECOM) is a provider of software-as-a-service solutions enabling retailers and manufacturer to integrate, optimize and manage their merchandise sales across their online channels.

Recently, Louis Volpe a director at ChannelAdvisor Corp (NYSE:ECOM) has dumped its holding, by selling close to 56,000 shares, at a price of $39.76 apiece. Another director, Kodiak Ventures Management Company, Inc., also sold 27,540 shares on the same day.

Drew Cupps’ Cupps Capital Management, boosted its position in ChannelAdvisor Corp (NYSE:ECOM) to 327,624 shares at the end of the fourth quarter, from 213,907 shares held previously.

In the second filing, Citadel reported raising the stake in KB Home (NYSE:KBH) to a total of 5.1% of the common stock, the stake amassing 4.27 million shares, above the previous amount of 2.65 million shares held at the end of 2013.

KB Home (NYSE:KBH) builds a single-family residential homes, townhomes and condominiums. Odey Asset Management Group, managed by Crispin Odey, held 4.71 million shares of KB Home, worth $86.07 million at the end of the fourth quarter. Millennium Management, run by Israel Englander also revealed owning 642,717 shares with a reported value of $5.01 million at the end of the fourth quarter of 2013.

Recently, Citadel Investment Group disclosed boosting its stake in Beazer Homes USA Inc. (NYSE:BZH) to 1.34 million common stock shares from 201,000 shares held earlier. Earlier this month, the fund also reported initiating a position in Home Company Inc (NYSE:NWHM), amassing 917,100 shares and boosting its position in Ralph Lauren Corp (NYSE:RL) to 3.17 million shares from 1.16 million shares held earlier.

Disclosure: none

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