The large stake by Luxor Capital, which the filing reports as being held as of October 11, comes shortly after the cloud services platform provider announced a deal with Under Armour Inc (NYSE:UA) which will see that company’s MyFitnessPal app integrated into MINDBODY’s platform, allowing users to sign up for and even pay for fitness classes through the app. The date of event is also the same day that a scathing article was posted to Seeking Alpha which suggested that shares have 80% downside potential over the next year, classifying the stock as another JOBS Act IPO bust. Roth Capital was unperturbed by the short attack and called the resulting weakness a buying opportunity, seeing several potential growth catalysts in the company’s future.
Among the hedge funds in our database, shareholders of MINDBODY Inc (NASDAQ:MB) doubled to 12 during the second quarter, with their positions totaling $68.38 million in value collectively at the end of June. Among the shareholders with the largest positions on June 30 were Jim Simons‘ Renaissance Technologies (155,500 shares), Jack Ripsteen’s Potrero Capital Research (140,688 shares), and John Overdeck and David Siegel’s Two Sigma Advisors (123,599 shares).
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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 | 598,792 | 0 | 598,792 | 598,792 | 3.0% |
| Luxor Capital Partners Offshore Master Fund | 0 | 489,215 | 0 | 489,215 | 489,215 | 2.5% |
| Luxor Capital Partners Offshore, Ltd | 0 | 489,215 | 0 | 489,215 | 489,215 | 2.5% |
| LCG Holdings | 0 | 1,088,007 | 0 | 1,088,007 | 1,088,007 | 5.5% |
| Luxor Capital Group | 0 | 1,088,007 | 0 | 1,088,007 | 1,088,007 | 5.5% |
| Luxor Management | 0 | 1,088,007 | 0 | 1,088,007 | 1,088,007 | 5.5% |
| Christian Leone | 0 | 1,088,007 | 0 | 1,088,007 | 1,088,007 | 5.5% |
