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Eastern Capital Just Trimmed its Stake in Remark Media

Eastern Capital: Remark Media Inc (NASDAQ:MARK) recently got cut in the equity portfolio of Eastern Capital Advisors. According to a filing with the SEC, the fund currently holds about 557,300 shares, valued at more than $2.2 million, at the current price of company’s stock. The position held by Eastern Capital Advisors represents 7.7% of the company and has been decreased by 80,500 shares.

Remark Media

Earlier this year, Remark Media, a company involved with digital media, acquired, a company operating several websites related to beach lifestyle. In addition to it, Remark also owns several other brands such as Sharecare, the international (China and Brazil) version of howstuffworks, BoWenWang, and Dimespring.

Some of the funds that disclosed ownership of Remark Media shares in their 13F filings are Capital Research Global Investors, which disclosed ownership of 366,600 shares, followed by Ashford Capital Management with 282,900 shares, and Capital World Investors, which owned around 28,000 shares at the end of the last quarter.

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