Activist Investor Jana Partners Builds New Stake in Labcorp (Bloomberg)
Jana Partners has built a new position in Laboratory Corp. of America Holdings, the latest investment in the health-care space for the activist investor. The New York-based hedge fund said in a regulatory filing Tuesday it owned a stake in the clinical laboratory company valued at about $192 million. Labcorp was Jana’s fourth-largest investment at the end of December, according to data compiled by Bloomberg.
Billionaire David Tepper Bought Energy Stocks in the Fourth Quarter — Here are His Top Holdings (CNBC)
Billionaire investor David Tepper trimmed some of his biggest positions in the fourth quarter while increasing his bets on energy stocks, according to a new securities filing released Tuesday. Tepper’s Appaloosa Management released its holdings for the end of December, showing that T-Mobile was the fund’s largest position.
Wednesday 2/17 Insider Buying Report: CINF, CZWI (Nasdaq.com)
On Friday, Cincinnati Financial’s , Dirk J. Debbink, made a $35,083 purchase of CINF, buying 383 shares at a cost of $91.60 each. Cincinnati Financial is trading up about 0.6% on the day Wednesday. Before this latest buy, Debbink purchased CINF on 5 other occasions during the past year, for a total cost of $340,565 at an average of $77.08 per share. And also on Friday, Director James R. Lang purchased $21,960 worth of Citizens Community Bancorp, purchasing 2,000 shares at a cost of $10.98 each. This purchase marks the first one filed by Lang in the past twelve months. Citizens Community Bancorp is trading up about 0.2% on the day Wednesday. So far Lang is in the green, up about 2.2% on their buy based on today’s trading high of $11.22.
The SVP & Controller of Sirius XM Holdings (NASDAQ: SIRI) is Selling Shares (Analyst Ratings)
Yesterday, the SVP & Controller of Sirius XM Holdings (SIRI), BARRY THOMAS, sold shares of SIRI for $730.9K. Based on Sirius XM Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.19 billion and GAAP net loss of -$677,000,000. In comparison, last year the company earned revenue of $2.06 billion and had a net profit of $243 million. SIRI’s market cap is $24.8 billion and the company has a P/E ratio of 203.00. The company has a one-year high of $8.14 and a one-year low of $4.11.
Dinan’s York Plans to Sell CLO Unit Months After Hedge Fund Exit (Blooomberg)
Jamie Dinan’s investment firm York Capital Management is in talks to sell its collateralized-loan obligations division — just months after it exited the hedge fund business. York has held discussions with potential buyers for its CLO platform, which oversees about $4 billion in assets, according to people with knowledge of the matter. The firm will seek to retain a minority stake in the business, the people said, asking not to be identified because the information isn’t public.
Insider Trading Tipster Brothers Walk Away With Millions (1) (Bloomberg Law)
As securities trader Joseph El Khouri waits to hear if he’ll be extradited to New York to face insider-dealing charges, the two French brothers who brought him hot tips get to go scot-free and keep the millions they made. John and Kevin Dodelande, who funneled M&A secrets from London bankers to traders including El Khouri, entered a pact that allows them to avoid U.S. prosecution and keep millions of dollars in payments they got for their tips, according to a filing by El Khouri’s lawyers. The deal secured in exchange for cooperation is the latest strand in the painstaking pursuit…
