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Fine Capital Slashing Its Hornbeck Offshore Services, Inc. (HOS) Stake

Assured Guaranty Ltd. (NYSE:AGO) represented the largest position in Fine Capital’s equity portfolio, comprising 12.18% of the total value. During the fourth quarter Debra Fine cut the company’s stake by 199,940 shares to 5.61 million shares valued at $145.69 million. According to our data, 51 funds were invested in Assured Guaranty Ltd. (NYSE:AGO) at the end of 2014, with aggregate value of their stakes totaling $1.33 billion, against 52 funds with $1.16 billion, a quarter earlier. Paul Orlin and Alex Porter‘s Amici Capital is one of the shareholders of the company holding 3.48 million shares valued at $90.38 million.

Assured Guaranty is a Bermuda-based holding company provides credit protection products to the United States and international public finance (including infrastructure) and structured finance markets. Its stock is down by 1.8% over the last 52 weeks amid fourth quarter financial results that included an EPS of $0.50, which missed estimates by $0.12.

With 8.2 million shares valued at $104.49 million, Scientific Games Corp (NASDAQ:SGMS) represented the third largest holding of Fine Capital. Although the fund cut its stake by 90,000 shares during the fourth quarter, the portfolio contribution of the $1.19 billion company increased to 8.73% from 8.0% a quarter earlier. This was a result of 20% rise in Scientific Games Corp (NASDAQ:SGMS)’s stock price during the October-December period. Roberto Mignone’s Bridger Management owning 4.15 million shares and Paul Reeder and Edward Shapiro’s PAR Capital Management with 3.07 million shares are two other significant investors in the developer of technology-based products, services and supplier of solutions to lottery and gaming organizations across the world.

Disclosure: none

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