Latest Hedgies’ Moves in Lions Gate Entertainment Corp. (USA) (LGF), Qunar Cayman Islands Ltd (QUNR) and iRobot Corporation (IRBT)

After slightly shedding its stake in Qunar Cayman Islands Ltd (NASDAQ:QUNR), Hillhouse is now in control of 17.16 million Class B ordinary shares, which represent 12.77% of the outstanding Class B shares. Qunar’s stock posted a hefty return of 45.09% in the first quarter. The search platform for the travel industry in China beat analyst estimates in its fourth quarter financial results and the guidance provided for the first quarter also exceeded consensus. The company’s top line grew by more than 100% on a year over year basis for the third consecutive quarter. Among over 700 hedge funds that we track, 17 had an aggregate investment of $390 million in Qunar Cayman Islands Ltd (NASDAQ:QUNR) at the end of the fourth quarter of 2014 as opposed to 16 funds with $177.11 million a quarter earlier.

According to the filing involving iRobot Corporation (NASDAQ:IRBT)‘s new shareholder, Red Mountain stated that the investor aims to create more value from the company’s operations. The fund hopes to convince the company’s management that it should concentrate more on the home robot business, which has a higher growth potential than either the defense and security segment, or the remote presence business. The latter two should either be sold or shut down, in Red Mountain’s view. Moreover, iRobot Corporation (NASDAQ: IRBT) is also in need of optimizing its capital structure, according to the activist shareholder and for that the fund intends to increase leverage so as to reduce the cost of capital.

The stock of the $995.54 million designers and manufacturer of robots was down by about 6.02% in the first quarter. Recently, the company announced a $50 million share buyback program starting from May 1 and continuing for the next year. Barry Rosenstein’s JANA Partners and Chuck Royce’s Royce & Associates are two other shareholders of the company.

Disclosure: none