7 Hedge Fund Trades to Keep an Eye On
Hedge fund trades: In the hedge fund universe there are many transactions every day. Here are seven such moves you should keep an eye on.
Tiger Global Management reported ownership of some 53.5 million shares of London-listed BBA Aviation plc (LON:BBA). The position amasses 11.4% of voting rights for Tiger Global, and represents an increase from previously held 7.7%.
Jana Partners, led by Barry Rosenstein, also caught our attention disclosing a purchase of 1.0 million shares of Oil States International, Inc. (NYSE:OIS). The shares have been purchased at a price of $80 apiece. Following the transaction, Jana Partners holds around 6.5 million shares of Oil States.
Gamco Investors, managed by Mario Gabelli, reported an increase in its passive stake in Lennar Corporation (NYSE:LEN) to 4.1% of outstanding shares, from the previously owned 3%.
The hedge fund company managed by Steven Cohen, SAC Capital, disclosed in a filing that it now owns a big chunk of nanomedicine company Arrowhead Research Corp (NASDAQ:ARWR), in a passive stake that amasses 5.2% of the company.