-
Jana Partners' Barry Rosenstein On Investor Letter: We Are Not Definitely Saying That QUALCOMM Should Split Up
Monday, April 13, 2015 - 2:04pm | 392Read More...The Wall Street Journal reported on Monday that hedge fund Jana Partners LLC, in its quarterly letter to its investors, disclosed that it is asking QUALCOMM, Inc. (NASDAQ: QCOM) to spin off its chip unit from its patent-licensing business. The hedge fund also wants Qualcomm to cut costs and...
-
The Activist Letter Moving Qualcomm Today
Monday, April 13, 2015 - 7:40am | 200Read More...Activist investor Jana Partners would like to see QUALCOMM, Inc. (NASDAQ: QCOM) break off its chip unit from its larger patent-licensing business, according to a letter obtained by The Wall Street Journal. This could be a welcome idea as Qualcomm itself had previously floated the idea of a...
-
The 'Hateful' Eight: 8 Stocks Institutional Investors Dumped Last Quarter
Friday, February 20, 2015 - 1:09pm | 317Read More...Institutional investors make millions -- if not billions -- of transactions each quarter. Some are bullish, others are bearish. Let's take a look at the latter, with data via Whale Wisdom. The 'Hateful' Eight The least popular stock in the fourth quarter was Halliburton Company...
-
Hertz Stock Could Triple, According To Jana Partners Manager
Wednesday, February 4, 2015 - 5:15pm | 129Read More...Shares of Hertz Global Holdings, Inc. (NYSE: HTZ) spiked up briefly Wednesday afternoon following comments from Barry Rosenstein of the Jana Partners hedge fund. Speaking at the EnTrust Investment Summit in New York, Rosenstein expected Hertz will report financial results by June that will...
-
Hertz Global Moves Higher Amid Carl Icahn's Increased Stake
Wednesday, November 26, 2014 - 9:34am | 127Read More...Hertz Global Holdings, Inc. (NYSE: HTZ) surged higher in after-hours trading Tuesday amid investor Carl Icahn increasing his stake in the company. The news comes a few days after Jana Partners indicated that it may have interest in changing the company’s board of directors. According to...
-
Jana Partners May Shake Up Hertz Global Board, Shares Move Higher
Wednesday, November 19, 2014 - 6:46pm | 164Read More...Hertz Global Holdings, Inc. (NYSE: HTZ) traded higher in the after-hours session Wednesday amid news that its board may face a shake-up after Barry Rosenstein’s Jana Partners LLC filed an amended 13D with the SEC. Jana Partners disclosed to the SEC that it “has continued to have...
-
PetSmart Shares Jump Amid Bidding Rumors
Monday, November 17, 2014 - 5:27pm | 116Read More...PetSmart, Inc (NASDAQ: PETM) moved higher Monday amid bidding rumors. DealReporter noted that possible suitors are currently setting up financing, which prompted the stock to jump more than 1 percent. Sources told DealReporter that bidders are expected to bring proposals around Thanksgiving and...
-
13F Filings Reveal Fund Managers Buying Alibaba
Monday, November 17, 2014 - 11:19am | 240Read More...Q3 SEC 13F filings from large fund managers show significant interest in Alibaba Group Holding Ltd (NYSE: BABA). Below are fund manager's Alibaba ownership stakes from the 13F filings. Third Point 7.2 million shares acquired. Valued at $639.72 million as of end of Q3 and would be worth...
-
Jana Partners 13F Filing Shows Moves In Alibaba & Other Big Names
Friday, November 14, 2014 - 12:34pm | 411Read More...In a 13F filing report on Friday, activist hedge fund Jana Partners reported all positions it held as of September 30, 2014. Jana Partners closed out positions in the following: Sold 200,000 shares of CBS Corporation (NYSE: CBS) class A shares and 4,127,149 shares of CBS Class B shares....
-
Dow, S&P 500 Close Yet Again At Record Highs Ahead Of Friday's Employment Report
Thursday, November 6, 2014 - 6:00pm | 711Read More...U.S. stocks rose as the Dow and S&P 500 closed yet again at new record highs. Helping the bull charge includes positive economic reports including the number of Americans filling for jobless benefits falling from a week ago. Also, reassurances from the European Central Bank were conveyed...
-
Rosenstein Takes 7% Stake In Hertz Global, Urges CEO Hire
Thursday, November 6, 2014 - 5:16pm | 246Read More...Hertz Global Holdings, Inc. (NYSE: HTZ) got a letter from activist investor Barry Rosenstein Thursday urging it to name the former head of Dollar Thrifty Automotive Group Inc. as its chief executive. Jana Partners, Rosenstein's hedge fund, disclosed a 7 percent stake in Hertz in a filing...
-
Jana Partners Top 5 Positions: Charter Communications, eBay, PetSmart, Walgreen, Valeant
Wednesday, November 5, 2014 - 12:29pm | 209Read More...Jana Partners, run by Barry Rosenstein, has disclosed its top five positions in a letter obtained by Bloomberg. The firm, according to their website, is a value-oriented, event-driven manager that invests, long and short, in companies undergoing or expected to undergo change. The top five...
-
Report: PetSmart Set To Receive First-Round Bids
Wednesday, October 29, 2014 - 1:21pm | 178Read More...PetSmart, Inc. (NASDAQ: PETM) is likely to soon receive bids from private equity buyers Apollo, Helman & Friendman and KKR, according to a report Wednesday. Phoenix-based PetSmart put itself on the block in August after succumbing to pressure from 10 percent stake-holder Barry Rosenstein...
-
IBM's Report Weighs On The Dow, Apple Helps Boost The Nasdaq, S&P 500 Extends Winning Streak
Monday, October 20, 2014 - 4:57pm | 2950Read More...U.S. stocks started the week on a positive note as all three major indices ended the day in positive territory. Dow component IBM reported a disappointing third quarter along with a cautious outlook weighing down the entire Dow index. The Nasdaq benefited from high expectations over Apple's...
-
Jana Partners Discloses Stake In Hertz Global Holdings
Monday, October 20, 2014 - 9:27am | 142Read More...Activist investor Jana Partners disclosed a 7 percent stake in Hertz Global Holdings, Inc. (NYSE: HTZ) in a 13D filing on Monday morning. According to the regulatory filing, Jana Partners owns just over 32 million shares at an aggregate purchase price of approximately $579 million. Jana Partners...
