Avis Budget Group Inc
MDC Partners Issued the Most Junk Bonds in the Week to March 18
MDC Partners (MDCA) offers marketing and communication network services. It issued dollar-denominated junk bonds worth $900 million on March 18.
High-Yield Bond Issuance Fell after the FOMC’s Dovish Statement
Last week brought the total US dollar-denominated issuance of high-yield debt to $24.3 billion in 2016 YTD. It’s 71.0% lower than the same period in 2015.
Must-know: Why Tiger Global liquidates stake in Yahoo
Tiger Global disposed of a position in Yahoo Inc. (YHOO) which accounted for 4.53% of the fund’s 4Q13 portfolio.
Must-know: Why Tiger Global increases stake in Vipshop
Tiger Global increased its stake in Vipshop Holdings (VIPS) which now accounts for 4.54% of the fund’s 1Q14 portfolio.
Highlights of Eminence Capital’s 4Q14 Positions
This article provides an overview of the notable positions that Eminence Capital traded during the fourth quarter of 2014.
Inflows Continued into High-Yield Bond Funds, Yields Fell Sharply
Investor flows into high-yield bond funds were positive for the fifth week. Net inflows into high-yield bond funds totaled $1.7 billion in the week ending March 16.
Key overview of Marcato Capital’s 3Q14 position
Marcato manages a select number of passive and activist investments across all industries with a primary focus on opportunities in middle-market public equities. At the end of 3Q14, the fund’s U.S. long portfolio was worth $2.81 billion, slightly up from $1.89 billion in 2Q14.
Phillips 66 no longer part of Iridian
Iridian exited its position in Philips 66 (PSX), which accounts for 3.20% of the fund’s third quarter portfolio.
Avis Budget Group gets lower position with Iridian
Iridian lowered its position in Avis Budget Group, Inc. (CAR), which now accounts for 2.46% of the fund’s third-quarter portfolio.
Sale of position in Tyco affects Iridian’s portfolio
Iridian sold its position in Tyco International Ltd. (TYC), which accounts for 1.90% of the fund’s second quarter portfolio.
Avis stock accounts for 5.84% of Marcato Capital portfolio
Marcato Capital added to its position in Avis Budget Group (CAR) . The stock accounted for 5.84% of the fund’s portfolio for the quarter ending in September.
Lear stock accounts for 11% of Marcato portfolio
Marcato Capital added to its position in Lear corporation (LEA) during 3Q14. The stock accounted for 11.13% of the fund’s portfolio for the quarter ending in September.
Why high yield debt is staging a comeback in the capital markets
Issuance in high yield or junk bond markets has staged a recovery over the past three weeks as market conditions strengthened.
Marcato eliminates position in Brookfield Residential Properties
In 3Q14, Marcato Capital sold a position in Brookfield Residential Properties Inc. (BRP). The stock accounted for 0.6% of the fund’s portfolio for the second quarter ending in June.
Why Icahn reveals activist position in Hertz Global Holdings
Icahn Associates recently disclosed an activist position in rental car company Hertz Global Holdings (HTZ). The fund took an 8.48% stake in Hertz. It was disclosed in a 13D filing on August 20.
TPG-Axon Capital Management buys a stake in Hertz Global Holdings
TPG-Axon opened a new position in Hertz Global Holdings Inc. (HTZ) that accounts for 5.65% of the fund’s 4Q portfolio.
Will Thailand Continue Its Economic Expansion in 2Q17?
Thailand saw impressive growth in 1Q17 due in part to external demand and public investment. Its GDP rose 3.3% in 1Q17 as compared to a 3% rise in 4Q16.
What Sets Uber’s Business Model Apart?
In addition to connecting drivers and customers, Uber’s application calculates the charges that a customer needs to pay at the end of the trip.
How Is Daimler Expanding Its Car-Sharing Business?
In this part, we’ll explore how car2go is helping Daimler expand its presence in the car-sharing business.
Understanding Zipcar’s Business Model
Founded in 2000, Zipcar was one of the car-sharing industry’s early entrants.
How Have High Yield Bonds Reacted to the Fed’s March Policy?
Yields on high yield bonds, as measured by the BofA Merrill Lynch US High Yield Master II Effective Yield, have fallen since early March. They ended March 15 at 8.39%.
Icahn Adds to Stake in Hertz Global Holdings in 4Q14
Icahn Associates boosted its position in Hertz Global Holdings (HTZ) in the quarter ending in December. The fund disclosed 51,922,405 shares.
JAT Capital Sells Stake in Hertz Global Holdings
In 4Q14, JAT Capital sold its stake in Hertz Global Holdings (HTZ). The $196-million position had represented 3.2% of the fund’s third-quarter portfolio.
Blue Ridge Capital Exits Position in Avis Budget Group
Avis Budget Group’s share price increased by almost 16% in 4Q14.
Hertz Global Holdings Gets Raised Position in Eminence Capital
In 4Q14, Eminence Capital increased its stake in Hertz Global Holdings (HTZ). The company accounted for 1.62% of the fund’s fourth-quarter portfolio.
Viking Global’s New Position in Avis Budget Group
Viking Global started a new position in Avis Budget Group (CAR). The fund bought 5,020,701 Avis Budget Group shares. The shares were worth $333 million.
Iridian boosts holding in Avis Budget Group by 43%
Iridian raised its position in Avis Budget Group, Inc. (CAR) to 5,395,808 shares from 3,773,401, a 43% increase. Iridian has a passive 5.1% stake in Avis.
Service Corporation International gets slight increase in Iridian
Iridian currently has 10,484,630 shares of Service Corporation International, which is a small increase. Iridian has 5% passive stake in the company.
Marcato Capital exerts activist influence on Lear
Since the first quarter of 2012, Marcato Capital has been accumulating positions in the automotive parts supplier Lear (LEA).
Avis Budget Group to acquire “available opportunities”
Avis Budget Group will use its free cash flow to improve shareholder value through a mix of share repurchases and capital investments via acquisitions.
International strength, new fleet of trucks for Avis Budget Group
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 Zipcar is a going concern
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: Key business trends
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.
Company overview: Avis Budget Group
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 discloses position in Avis Budget Group
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.
Why Tiger Global increases position in Charter Communication
Tiger Global increased its stake in Charter Communication (CHTR) which now accounts for 2.72% of the fund’s 1Q14 portfolio.
Must-know: Highlights of Tiger Global Management’s 1Q14 13F filing
The size of the U.S. long portfolio declined to $7.3 billion last quarter from $8.03 billion in 4Q13.
Why Blue Ridge Capital increased its position in Avis Budget Group
Blue Ridge increased its position in car rental company Avis Budget Group (CAR) to 6.17% in November last year.