Apex Capital Management Trimmed Its Stake in OpenTable Inc (OPEN)
Sanford J. Colen’s Apex Capital reported a slight decrease in ownership of OpenTable Inc (NASDAQ:OPEN) shares. The fund reported an ownership of 322,472 shares of the company. Colen reported an ownership of 348,472 shares of the company previously. The fund currently owns 1.39% of the company’s common shares.
There are other hedge fund managers who have been investing in OpenTable Inc (NASDAQ:OPEN). Daniel Benton’s Andor Capital Management holds the biggest position of OpenTable Inc (NASDAQ:OPEN) shares in his equity portfolio. The fund reported an ownership of 600,000 shares of the company in its latest 13F filing. Donald Chiboucis’ Columbus Circle Investors holds the second biggest position in the company. The fund reported an ownership of 388,606 shares in its latest 13F filing. OpenTable Inc (NASDAQ:OPEN) had no insider purchases since 2009. On the other hand, insiders sold 225,531 shares in 2013 at an average price of $70.26 per share.
Apex Capital was founded in 1995 by Sanford J. Colen. The fund is based in San Francisco, and focuses on long/short U.S. traded equities. The fund manages $1.39 billion dollars, and invests heavily in services, technology, and healthcare.
OpenTable Inc (NASDAQ:OPEN) provides software solutions to reservation-taking restaurants and people who dine at those restaurants. The firm’s solutions include Electronic Reservation Book (ERB) and OpenTable Inc (NASDAQ:OPEN) Connect (Connect). The firm also offers mobile applications to restaurants and individuals. In June 2013, the firm acquired JustChalo Inc. In August 2013, the firm acquired Rezbook, Urbanspoon’s reservation management system for restaurants. In December 2013, the firm acquired Quickcue, LLC, a provider of guest management systems for restaurants.