Luxor Capital Group Trims Position In Hemisphere Media Group, Inc. (HMTV)

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Christian Leone‘s Luxor Capital Group has trimmed its position in Hemisphere Media Group Inc (NASDAQ:HMTV), according to a recent 13D filing with the US Securities and Exchange Commission. Luxor reported holding close to 4.05 million shares of Hemispher Media Group, which represent 25.9% of the company’s outstanding stock. The filing showed that Luxor unloaded a total of 1.0 million shares in two transactions at a price of $13.10 per unit.

Among the funds tracked by Insider Monkey, at the end of 2015, a total of seven investors were long the stock. Luxor held the largest position among these invetors, followed by Jonathan Lennon’s Pleasant Lake Partners, with a $33.3 million position reported in its last 13F filing.  Other hedge funds and institutional investors that are bullish contain Debra Fine’s Fine Capital Partners, and Jim Simons’ Renaissance Technologies.

On the other hand, several investors unloaded their entire stakes in Hemisphere Media Group Inc (NASDAQ:HMTV) during the last three months of 2015. Among them, Charles Davidson’s Wexford Capital unloaded its entire position, valued at $8.2 million, while Anand Parekh’s fund, Alyeska Investment Group, also dumped its stock, about $3.9 million worth.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Luxor Capital Partners 0 1,204,349 0 1,204,349 1,204,349 7.7%
Luxor Wavefront 0 834,922 0 834,922 834,922 5.3%
Luxor Capital Partners Offshore Master Fund 0 1,874,616 0 1,874,616 1,874,616 12.0%
Luxor Capital Partners Offshore, Ltd 0 1,874,616 0 1,874,616 1,874,616 12.0%
Thebes Offshore Master Fund 0 75,601 0 75,601 75,601 Less than 1%
Thebes Partners Offshore, Ltd 0 75,601 0 75,601 75,601 Less than 1%
LCG Holdings 0 3,989,488 0 3,989,488 3,989,488 25.5%
Luxor Capital Group 0 4,045,179 0 4,045,179 4,045,179 25.9%
Luxor Management 0 4,045,179 0 4,045,179 4,045,179 25.9%
Christian Leone 0 4,045,179 0 4,045,179 4,045,179 25.9%

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Page 1 of 15 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
SCHEDULE 13D
(RULE 13D – 101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 5)*
Hemisphere Media Group, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
42365Q103
(CUSIP Number)
Jamie Nash, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue, New York, New York 10176
Tel:  (212) 986-6000
 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 17, 2016
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [  ].
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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