Kenneth Mario Garschina’s Mason Capital Management bought 409 thousand shares in Babcock & Wilcox Co (BWC) on December 15 and 16, according to a recent regulatory filing. That amount includes 100 thousand shares at $21.89 per share, and 309 thousand shares at $22.48 per share. Now Mason Capital Management has 14.22 million shares in its position. In the third quarter, the firm reported 13.81 million shares in BWC. Now BWC is trading at $24.51. The stock slightly lost 6% in 2011.
There are several other hedge funds that invested in BWC. In the third quarter, Ralph V. Whitworth’s Relational Investors decreased its position by 4% and reported 3.13 million shares in the stock. Larry Robbins’ Glenview Capital increased its position by 49% to 2.89 million shares. Clint Carlson, Bill Miller, Israel Englander also had some small positions in BWC at the end of September.
Mason Capital is a New York-based hedge fund. The firm reported a more than $3 billion portfolio value in the second quarter. It mainly invests in Technology, Healthcare, Basic Material, Consumer Goods, Utilities, Financial, Industrial Goods, and Services sector.
According to Google Finance, Babcock & Wilcox Co (B&W) “is a technology innovator in power generation systems, a specialty constructor of nuclear components and a service provider in its segments. The company provides a variety of products and services to customers in the power and other steam-using industries, including electric utilities and other power generators, industrial customers in various other industries, and the United States Government. It operates in two segments: Power Generation Systems and Government Operations.”