ePlus Inc. (PLUS), Sears Holdings Corp (SHLD), Resonant Inc (RESN): 3 Investors Report Their Latest Moves

In fact, the value of Sears Holdings Corp (NASDAQ:SHLD)’s real estate properties seems to be the glue that is holding investors’ capital. However, one of the largest shareholders of Sears is still the company’s CEO, Edward Lampert, who also managed ESL Investments fund. ESL held 26.44 million shares of the company at the end of 2014. Other funds, among those that we track, hold smaller positions, such as Debra Fine’s Fine Capital Partners, which owns 2.22 million shares, down by 29% over the quarter.

Resonant Inc (NASDAQ:RESN) is a $79.3 million development stage company that develops filter designs for radio frequency front-ends for the mobile device industry. Park City Capital owns a 4.35% activist stake, and aside from disclosing the position, the investor also published a letter sent to Chairman and CEO Terry Lingren. In the letter, Park City stated that they purchased the shares over the last couple of years because they consider the company undervalued and that this could quickly pick up if the company manages to generate revenues from several customers. The investor added that the filter market in which Resonant Inc (NASDAQ:RESN) operates is very large and other investors should realize the potential of the stock, which will move it higher in the next 6-18 months. In addition, Mr. Fox, the founder and CEO of Park City Capital, saluted Resonant Inc (NASDAQ:RESN)’s decision to execute a license business model and said that companies that adopted license strategies have performed very well. Overall, the investor considers that the company’s stock could reach $84.00 during the next 12 months, based on 8.0x 2017 estimated sales.

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