Tuesday Morning Corp (TUES): PAR Capital Hikes Stake to 5.1%

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PAR Capital‘s stake in Tuesday Morning Corp (NASDAQ:TUES) has been raised according to a recent 13G filing with the Securities and Exchange Commission. The fund, managed by Paul Reeder and Edward Shapiro, has hiked its holding in the stock to 2.26 million shares, giving it ownership of 5.1% of the company’s float. PAR Capital previously held 1.84 million shares of the company as of the end of June.

Tuesday Morning Corporation is a deep-discount retailer, which mainly sells unique home accessories and brand name closeout products. Since the beginning of the year, the company’s stock has lost 11.85%. In its financial report for the fourth quarter of its fiscal year 2016, Tuesday Morning Corporation disclosed a loss per share of $0.09, beating the estimates of a loss per share of $0.13, and revenue of $222.8 million, missing the estimates of $228.5 million.

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The number of hedge funds from Insider Monkey’s database long Tuesday Morning (NASDAQ:TUES) dropped by two in the second quarter, as at the end of June there were ten investors long the stock. Among them were Phill Gross and Robert Atchinson’s Adage Capital Management, which held a position valued at $15.41 million, Steve Cohen’s Point72 Asset Management, with a $2.46 million position, Joseph Mathias’ Concourse Capital Management, and John Overdeck and David Siegel’s Two Sigma Advisors.

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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
PAR Investment Partners 2,263,000 2,263,000 2,263,000 5.1%
PAR Group 2,263,000 2,263,000 2,263,000 5.1%
PAR Capital Management, Inc 2,263,000 2,263,000 2,263,000 5.1%

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Page 1 of 7 – SEC Filing



Washington, D.C. 20549




Under the Securities Exchange Act of 1934

(Amendment No.     )*



Morning Corp

(Name of Issuer)

Common stock, par value $0.001

(Title of Class of Securities)


(CUSIP Number)

Sept 14, 2016

(Date of Event Which Requires Filing of this Statement)



Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).

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