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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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% |
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Page 1 of 15 – SEC Filing
Page 2 of 15 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Capital Partners, LP | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
598,792 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
598,792 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
598,792 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
3.0 % | |
12. | TYPE OF REPORTING PERSON |
PN |
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Page 3 of 15 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Capital Partners Offshore Master Fund, LP | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Cayman Islands | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
489,215 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
489,215 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
489,215 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
2.5% | |
12. | TYPE OF REPORTING PERSON |
PN |
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Page 4 of 15 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Capital Partners Offshore, Ltd. | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Cayman Islands | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
489,215 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
489,215 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
489,215 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
2.5% | |
12. | TYPE OF REPORTING PERSON |
CO |
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Page 5 of 15 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
LCG Holdings, LLC | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
1,088,007 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
1,088,007 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
1,088,007 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
5.5% | |
12. | TYPE OF REPORTING PERSON |
OO |
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Page 6 of 15 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Capital Group, LP | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
1,088,007 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
1,088,007 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
1,088,007 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
5.5% | |
12. | TYPE OF REPORTING PERSON |
PN |
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Page 7 of 15 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Luxor Management, LLC | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
1,088,007 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
1,088,007 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
1,088,007 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
5.5% | |
12. | TYPE OF REPORTING PERSON |
OO |
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Page 8 of 15 – SEC Filing
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Christian Leone | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [x] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
United States | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
5. | SOLE VOTING POWER |
0 | |
6. | SHARED VOTING POWER |
1,088,007 | |
7. | SOLE DISPOSITIVE POWER |
0 | |
8. | SHARED DISPOSITIVE POWER |
1,088,007 | |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
1,088,007 | |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
5.5% | |
12. | TYPE OF REPORTING PERSON |
IN |
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Page 9 of 15 – SEC Filing
Item 1(a). | Name of Issuer: |
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
Item 2(a). | Name of Persons Filing: |
· | Luxor Capital Partners, LP, a Delaware limited partnership (the “Onshore Fund”); |
· | Luxor Capital Partners Offshore Master Fund, LP, a Cayman Islands limited partnership (the “Offshore Master Fund”); |
· | Luxor Capital Partners Offshore, Ltd., a Cayman Islands exempted company (the “Offshore Feeder Fund”); |
· | LCG Holdings, LLC, a Delaware limited liability company (“LCG Holdings”); |
· | Luxor Capital Group, LP, a Delaware limited partnership (“Luxor Capital Group”); |
· | Luxor Management, LLC, a Delaware limited liability company (“Luxor Management”); and |
· | Christian Leone, a United States citizen (“Mr. Leone”). |
Item 2(b). | Address of Principal Business Office or, if None, Residence: |
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Page 10 of 15 – SEC Filing
Item 2(c). | Citizenship: |
Item 2(d). | Title of Class of Securities: |
Item 2(e). | CUSIP Number: |
Item 3. | If This Statement is Filed Pursuant to Rule 13d 1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
(a) | [ ] | Broker or dealer registered under Section 15 of the Exchange Act. | |
(b) | [ ] | Bank as defined in Section 3(a)(6) of the Exchange Act. | |
(c) | [ ] | Insurance company defined in Section 3(a)(19) of the Exchange Act. | |
(d) | [ ] | Investment company registered under Section 8 of the Investment Company Act. | |
(e) | [ ] | Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). | |
(f) | [ ] | Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). | |
(g) | [ ] | Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). | |
(h) | [ ] | Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. | |
(i) | [ ] | Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | |
(j) | [ ] | Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J). | |
(k) | [ ] | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ |
(a) | Amount beneficially owned: |
(i) | The Onshore Fund beneficially owned 598,792 shares of Common Stock; |
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Page 11 of 15 – SEC Filing
(ii) | The Offshore Master Fund beneficially owned 489,215 shares of Common Stock. The Offshore Feeder Fund, as the owner of a controlling interest in the Offshore Master Fund, may be deemed to have beneficially owned the shares of Common Stock beneficially owned by the Offshore Master Fund; |
(iii) | LCG Holdings, as the general partner of the Onshore Fund and the Offshore Master Fund may be deemed to have beneficially owned the 1,088,007 shares of Common Stock beneficially owned by the Onshore Fund and the Offshore Master Fund; |
(iv) | Luxor Capital Group, as the investment manager of the Funds, may be deemed to have beneficially owned the 1,088,007 shares of Common Stock beneficially owned by the Funds; |
(v) | Luxor Management, as the general partner of Luxor Capital Group, may be deemed to have beneficially owned the 1,088,007 shares of Common Stock beneficially owned by Luxor Capital Group; and |
(vi) | Mr. Leone, as the managing member of Luxor Management, may be deemed to have beneficially owned the 1,088,007 shares of Common Stock beneficially owned by Luxor Management. |
(b) | Percent of Class: |
(i) | The Onshore Fund beneficially owned approximately 3.0% of the outstanding shares of Common Stock; |
(ii) | The Offshore Master Fund beneficially owned approximately 2.5% of the outstanding shares of Common Stock and the Offshore Feeder Fund may be deemed to have beneficially owned approximately 2.5% of the outstanding shares of Common Stock; and |
(iii) | Each of LCG Holdings, Luxor Capital Group, Luxor Management and Mr. Leone may be deemed to have beneficially owned approximately 5.5% of the outstanding shares of Common Stock. |
(c) | Number of shares as to which such person has: |
(i) | Sole power to vote or to direct the vote of Common Stock: |
See Cover Pages Items 5-9. | |
(ii) | Shared power to vote or to direct the vote of Common Stock: |
See Cover Pages Items 5-9. | |
(iii) | Sole power to dispose or to direct the disposition of Common Stock: |
See Cover Pages Items 5-9. | |
(iv) | Shared power to dispose or to direct the disposition of Common Stock: |
See Cover Pages Items 5-9. |
Item 5. | Ownership of Five Percent or Less of a Class. |
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Page 12 of 15 – SEC Filing
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
Item 8. | Identification and Classification of Members of the Group. |
Item 9. | Notice of Dissolution of Group. |
Item 10. | Certification. |
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Page 13 of 15 – SEC Filing
Dated: | October 21, 2016 |
LUXOR CAPITAL PARTNERS, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL PARTNERS OFFSHORE, LTD. | |||
By: | Luxor Capital Group, LP, as Investment Manager | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL GROUP, LP | |||
By: | Luxor Management, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LCG HOLDINGS, LLC | |||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR MANAGEMENT, LLC | |||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
/s/ Norris Nissim | |||
NORRIS NISSIM, as Agent for Christian Leone |
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Page 14 of 15 – SEC Filing
Dated: | October 21, 2016 |
LUXOR CAPITAL PARTNERS, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP | |||
By: | LCG Holdings, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL PARTNERS OFFSHORE, LTD. | |||
By: | Luxor Capital Group, LP, as Investment Manager | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR CAPITAL GROUP, LP | |||
By: | Luxor Management, LLC, as General Partner | ||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LCG HOLDINGS, LLC | |||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
LUXOR MANAGEMENT, LLC | |||
By: | /s/ Norris Nissim | ||
Name: | Norris Nissim | ||
Title: | General Counsel | ||
/s/ Norris Nissim | |||
NORRIS NISSIM, as Agent for Christian Leone |
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Page 15 of 15 – SEC Filing
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