GNC Holdings Inc (GNC): Ricky Sandler’s Latest Bullish Move and Two New Picks

Darling Ingredients Inc (NYSE:DAR)‘s stake constituted 2.18% of Eminence’s portfolio value and comprised of 8.26 million shares valued at $150.04 million. The company develops and produces sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries. Hedge funds seem to have been excited about the company’s future prospects as 29 firms invested $867.56 million in Darling during the fourth quarter versus 24 funds with 731.45 million in the previous quarter. Jeff Gates’ Gates Capital Management held 17.11 million shares valued at $310.64 million.

Strong fourth quarter performance involving an EPS of $0.42, which beat estimates by $0.21 and $1 billion revenues which also beat estimates by $43.07 million have not been able to stop the 31% decline in Darling Ingredients Inc (NYSE:DAR)’s stock price over the last year.
Outfront Media Inc (NYSE:OUT) is a provider of advertising space on out-of-home advertising structures and sites across U.S. Eminence purchased some 3.9 million shares valued at $104.4 million. Israel Englander’s Millennium Management also held about 428,200 shares valued at $11.51 million during the fourth quarter. Even though Outfront Media Inc (NYSE:OUT)’s fourth quarter EPS of $0.2 missed estimates by $0.04, revenues of $395 million were in line with expectations. The company’s stock is down by about 3.3% over the last year.

Disclosure: none