Trian Activist Fund buys Stake in Comcast (IndustryLeadersMagazine.com)
Trian Fund Management LP, an activist hedge fund led by billionaire activist investor Nelson Pelts has bought a stake in the cable company Comcast Corp as it believes its stocks is undervalued. Trian has purchased 20 million Comcast shares valued at roughly $900 million, amounting to a 0.4% stake in the Philadelphia-based company. “Trian believes Comcast’s stock is undervalued,” Trian said in a statement. “We have recently begun what we believe are constructive discussions with Comcast’s management team and look forward to continuing those discussions.”
Ivy League Hedge Fund Managers Get Away With More (Institutional Investor)
Hedge fund managers with elite degrees are able to impose unpopular redemption restrictions that help them generate higher returns, new research shows. Hedge fund managers with prestigious degrees aren’t necessarily smarter than their peers. But they do use their networks and the reputations of their alma maters to better structure their funds and deliver higher returns, according to new research published in the fall Journal of Alternative Investments.
American Campus Communities Inc (ACC) CEO William C Bayless Jr Sold $4.2 million of Shares (Guru Focus)
CEO of American Campus Communities Inc, William C Bayless Jr., sold 120,000 shares of ACC on 09/22/2020 at an average price of $35.12 a share. The total sale was $4.2 million. American Campus Communities Inc is a real estate investment trust that owns, manages and develops student housing properties in the United States in terms of beds owned, developed, and under management.
A Director at DaVita (NYSE: DVA) is Buying Shares (Analyst Ratings)
Yesterday, a Director at DaVita (DVA), John Nehra, bought shares of DVA for $461.2K. This recent transaction increases John Nehra’s holding in the company by 10.28% to a total of $5.07 million. Based on DaVita’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.88 billion and quarterly net profit of $202 million.
William Hill, the $4 Billion Gambling Giant, Received Takeover Offers from Private-Equity Firm Apollo and Casino Group Caesars (Business Insider)
US private equity firm Apollo Global Management and casino group Caesars Entertainment have each offered to take over William Hill, the British gambling group valued at $4 billion (£3.2 million). William Hill confirmed the separate approaches on Friday, Bloomberg reported. It said that there was no certainty of any deal.
Osi Systems Inc (OSIS) President and CEO Deepak Chopra Sold $3.1 million of Shares (Guru Focus)
President and CEO of Osi Systems Inc., Deepak Chopra, sold 40,000 shares of OSIS on 09/23/2020 at an average price of $78.01 a share. The total sale was $3.1 million. OSI Systems Inc, together with its subsidiaries, is a designer and manufacturer of electronic systems and components for critical applications.
