Eminence Capital raises its position in Xoom
Increased mobile adoption of Xoom’s mobile products led Latin America revenue, which rose 48% YoY. Gross sending volume increased 29% YoY.
Ricky Sandler’s Eminence Capital sells its stake in Pandora Media
Eminence Capital exited a position in Pandora Media Inc. (P) that accounted for 2.58% of the fund’s 3Q portfolio.
Analyzing Secondary Market Trends in Leveraged Loans
According to data from Lipper, leveraged loan mutual funds continued to see outflows in the week ending April 3. The total outflow was $445 million.
Analyzing Eminence Capital’s 13G filings
In 3Q14, Eminence Capital’s portfolio increased slightly to $6.83 billion, compared to $6.05 billion in the second quarter.
How Men’s Wearhouse Performed in a Competitive Market
On the margin side, the gross profit margin for Men’s Wearhouse is 45.50%. It’s on the higher side compared to Burlington Stores (BURL) at 39.57%.
Men’s Wearhouse: Organic Growth Boosts Its Margin
Men’s Wearhouse (MW) has a market cap of $2.73 billion. It’s one of the largest retailers of men’s apparel with 1,758 stores.
Macy’s Partners with Men’s Wearhouse to Offer Tuxedo Rentals
Men’s Wearhouse will have an exclusive ten-year right to supply tuxedos for rental at Macy’s. At the same time, Macy’s will continue selling tuxedos from its own collection.
Eminence Capital lowers position in Fidelity National Financial
In December 2014, Fidelity National Financial agreed to acquire BPG Holdings, a leader in home warranties, home inspections, and commercial inspections.
TIBCO Software gets reduced position in Eminence Capital
On December 5, 2014, Vista Equity Partners completed the acquisition of TIBCO for $4.3 billion, or $24 per share, in a cash transaction.
How Men’s Wearhouse stands against its competitors
The acquisition offers that K&G received were much lower than Men’s Wearhouse’s estimates, so the company decided to improve the profitability of K&G.
Eminence Capital boosts position in Men’s Wearhouse
With 1,756 stores, Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel. It acquired Jos. A Bank in June 2014.
Eminence Capital reveals new share in Valmont Industries
Eminence Capital opened a new position in Valmont Industries (VMI) that accounts for 1.48% of the fund’s portfolio.
Eminence Capital buys a new position in KAR Auction Services
Eminence Capital disclosed a new position in KAR Auction Services Inc. (KAR) that accounts for 2.09% of the fund’s portfolio.
The Men’s Wearhouse and Jos. A. Bank merger helps Eminence Capital
Eminence Capital’s top new buys, as revealed in its 4Q 13F filing, include The Men’s Wearhouse Inc. (MW). The fund owns 9.8% of the common stock.
Assessing Eminence Capital’s 4Q13 positions in Humana and more
Eminence Capital, LLC is an asset management firm founded in 1998 by Ricky Sandler that manages approximately $5.2 billion on behalf of institutions and individuals.