Realogy Holdings Corp (RLGY) And Pandora Media Inc (P) Get Big Votes Of Confidence From These Funds

As for Pandora Media Inc (NYSE:P), Falcon Ridge initiated a stake in the $3.82 billion provider of internet radio services during the first quarter of this year. The stock price has risen by more than 25% since then. This was backed by both a top and bottom line beat by the company in its financial results for the June trimester. The celebration of the company’s 10th anniversary this September involves an ad-free day for all of its users. Only 5% of the company’s active users have paid-subscriptions, which is pretty low considering the 26% figure that rival Spotify boasts. Perhaps measures like these will give users a feel for the ad-free service and help Pandora Media Inc (NYSE:P) improve its monitization rate.

Ricky Sandler‘s Eminence Capital, which is the largest stockholder of Pandora Media Inc (NYSE:P) among the investors that we track increased its holding in the company by 28%  during the June trimester to 10.07 million shares valued at $156.44 million.

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