SJW Corp (SJW): Billionaire Mario Gabelli’s GAMCO Investors Slightly Decreases Stake

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A recent 13D filing with the US Securities and Exchange Commission revealed that billionaire Mario Gabelli‘s GAMCO Investors has slightly decreased it stake in SJW Corp (NYSE:SJW), and now, together with its affiliates owns in total 830,266 shares, which amass 4.06% of the company’s outstanding common stock. Out of the aggregate amount, GAMCO solely holds 258, 475 shares, which compares to 293,175 shares GAMCO disclosed in its latest 13F filing (for the end of March).

Mario Gabelli

SJW (NYSE: SJW) is a holding company that owns a few subsidiaries running in two different sectors –  Real Estate Services and Water Utility Services. Over the past 12 months, the company’s shares have gained 24.72%. In its latest financial report for the first quarter of 2016, the company reported revenue of $61.1 million and earnings per share of $0.16, missing the estimates for both revenue of $65 million and earnings per share of $0.21.

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At the end of March, a total of 11 hedge funds tracked by Insider Monkey were bullish on SJW (NYSE:SJW), up by five over the quarter. The biggest position was disclosed by Jim Simons’ Renaissance Technologies, worth around $10.5 million, and the second biggest position was held by Israel Englander’s Millennium Management, valued at $6.4 million. Some other investors long the stock encompass D. E. Shaw’s D E Shaw and John Overdeck and David Siegel’s Two Sigma Advisors.

Among investors who added SJW (NYSE:SJW) to its hedge funds’ portfolios at the end of March are Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, which had $3.4 million invested in the company, and Roger Ibbotson’s Zebra Capital Management, which initiated a $1 million position. Some other new SJW investors are Peter Muller’s PDT Partners, Paul Tudor Jones’s Tudor Investment Corp, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Gabelli Funds 460,487 460,487 460,487 2.25%
GAMCO Asset Management Inc. I.D. No. 13-40445 237,475 258,475 258,475 1.27%
Teton Advisors, Inc. I.D. No. 13-4008049 111,304 111,304 111,304 0.54%
GGCP, Inc. I.D. No. 13-3056041 0.00%
GAMCO Investors, Inc. I.D. No. 13-400786 0.00%
Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) 0.00%
Mario J. Gabelli 0.00%

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Page 1 of 16 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934 (Amendment No. 3)
SJW Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________________ June 30, 2016________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .

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