Magnachip Semiconductor Gets a Boost From Lakewood Capital
Magnachip Semiconductor just got a boost from this hedgie. In a 13G filing with the Securities and Exchange Commission, Anthony Bozza's hedge fund Lakewood Capital Management, disclosed increasing its stake in Magnachip Semiconductor Corp (NYSE:MX) by 813,900 shares, to more than 1.9 million shares. At the current price of Magnachip's stock, the value of Lakewood's position in the company amounts to almost $42.4 million.
Through the increase of its position on Magnachip Semiconductor, Lakewood Capital continues to be bullish on the company, after initiating the position during the previous quarter. According to the latest 13F filing with the SEC, Anthony Bozza's hedge fund first disclosed ownership of slightly below 1.1 million shares. The move comes amid the recent sale of 1.7 million shares of Magnachip Semiconductor made by a director fund, Avenue Special Situations Fund IV LP.
At the same time, we should mention some other bullish firms that disclosed ownership of Magnachip Semiconductor Corp. As follows, according to our database of 13F filings, the hedge fund with the largest stake in the company is Avenue Capital, managed by Marc Lasry that held around 7.5 million shares at the end of the previous quarter. Other hedge funds worth mentioning while speaking about Magnachip Semiconductor are: Steven Cohen's Sac Capital Advisors, Joseph A. Jolson's Harvest Capital Strategies, and Peter Rathjens, Bruce Clarke and John Campbell's Arrowstreet Capital.