Liberty TripAdvisors is a new position for Citadel Advisors in the third quarter. It accounts for 0.23% of the total portfolio.
Workday, Inc. is a new position for Citadel Advisors in the third quarter. It accounts for 0.24% of the total portfolio. It was founded in 2005.
Citadel Advisors LLC is a financial institution and hedge fund. It’s based in Chicago. It was founded in 1990 by Kenneth C. Griffin.
In September 2014, Dresser-Rand announced that it entered into a definitive merger agreement with German industrial conglomerate Siemens. The transaction was valued at ~$7.6 billion, including the assumption of debt.
FOXA saw 17% growth at the Filmed Entertainment segment thanks to higher theatrical revenues. The success of Dawn of the Planet of the Apes and The Maze Runner led the higher revenues.
Adobe announced the acquisition of privately-held Fotolia, a leading marketplace for stock content. A release said Fotolia will be integrated into Adobe Creative Cloud.
On the subject of Actavis’ bid, Valeant said in November that it “cannot justify to its own shareholders paying a price of $219 or more per share for Allergan.”
Fairholme’s 13F revealed that the company has fully exited its common equity positions in both Fannie Mae and Freddie Mac.
Avis Budget Group shares gained more than 2% after Viking’s announcement on December 29. Shares are up 64% over the past 52 weeks.
Avis Budget Group will use its free cash flow to improve shareholder value through a mix of share repurchases and capital investments via acquisitions.
Avis Budget Group saw 4% revenue growth in Latin America, Asia-Pacific region thanks to strong cost controls and efficiency gains.
Avis Budget Group’s competitors Hertz Global Holdings and Ryder System also benefited from increased pricing and increased demand in North America.
In 3Q14, Zipcar generated more revenue than any quarter in its history, primarily on an increase in usage revenue and pricing, as well as membership.
Avis Budget Group is diversifying its disposal channels to reduce fleet costs. It’s also expanding in direct-to-dealer and direct-to-consumer car sales.
Avis Budget Group (CAR) is a leading global provider of vehicle rental services. It also offers a car-sharing network service through its brand, Zipcar.
Viking Global Investors started a new position in Avis Budget Group Inc. (CAR). The fund acquired a 5% stake in Avis with over 5.34 million shares.
In 3Q14, Fairholme reduced its position in Lands’ End (LE) by ~2.9 million shares. It holds 448,000 shares in Lands’ End, or 0.23% of the fund’s portfolio size.
Fairholme Capital Management lowered its position in Leucadia National (LUK) by ~633,000 shares. Leucadia now accounts for 4.6% of the fund’s size.
Fairholme reduced its position in St. Joe by ~27,000 shares in 3Q14. St. Joe now represents 6.3% of the fund’s portfolio.
Fairholme reduced its position in AIG by 9.5 million shares during 3Q14. AIG still remains the fund’s largest position with 56.4% of the fund’s size.