Phil Gross and Robert Atchinson’s Adage Capital Management recently filed a Form 13G with the Securities and Exchange Commission, in which it reported increasing its stake in Ultratech Inc (NASDAQ:UTEK) to 1.45 million common shares, which account for 5.45% of the company’s outstanding stock. Previously, the fund disclosed owning 1.18 million shares in its latest 13F filing, for the reporting period of March 31.
Ultratech is a company that distributes laser thermal processing, photolithography and inspection equipment. Over the previous 12 months, the firm’s stock gained 20.93%. According to its latest financial report for the first quarter of 2016, the company incurred a loss per share of $0.04, in-line with estimates, while revenue came in at $45.21 million, beating estimates of $39.1 million.
According to our hedge fund database, 11 investors were bullish on Ultratech (NASDAQ:UTEK) at the end of March, compared to nine a quarter earlier. The biggest position belonged to Clint Carlson’s Carlson Capital, and was valued at $75.4 million, with the second-biggest position being reported by Adage Capital Management. Some other investors long the stock contained D E Shaw, Ken Hahn’s Quentec Asset Management, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital. Peter Muller’s PDT Partners initiated the biggest position in the stock during the first quarter, having $0.6 million invested in the company at the end of the quarter.
You can access the original SEC filing by clicking here.
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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 |
|---|---|---|---|---|---|---|
| Adage Capital Partners | 1,450,757 | 0 | 1,450,757 | 0 | 1,450,757 | 5.43% |
| Adage Capital Partners GP | 1,450,757 | 0 | 1,450,757 | 0 | 1,450,757 | 5.43% |
| Adage Capital Advisors | 1,450,757 | 0 | 1,450,757 | 0 | 1,450,757 | 5.43% |
| Robert Atchinson | 1,450,757 | 0 | 1,450,757 | 0 | 1,450,757 | 5.43% |
| Phillip Gross | 1,450,757 | 0 | 1,450,757 | 0 | 1,450,757 | 5.43% |
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Page 1 of 11 – SEC Filing
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| SCHEDULE 13G | |
| Under the Securities Exchange Act of 1934 | |
| (Amendment No. )* | |
| Ultratech, | |
| (Name of Issuer) | |
| Common Stock, | |
| (Title of Class of Securities) | |
| 904034105 | |
| (CUSIP Number) | |
| June 28, | |
| (Date of Event Which Requires Filing of This Statement) | |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: | |
| ¨ | Rule 13d-1(b) |
| x | Rule 13d-1(c) |
| ¨ | Rule 13d-1(d) |
| (Page 1 of 11 Pages) | |
______________________________
*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 the disclosures provided in a prior cover page.
The information required in 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 (“Act“) 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).
