Jana Partners (Barry Rosenstein) discloses updated portfolio positions in 13F filing: Increased CAG position, Exited TEVA AAPL MA SPNS
Highlights from 2019 Q1 filing as compared to 2018 Q4 filing:
- Increased positions in: CAG (to ~14.96 mln shares from ~13.54 mln shares)
- Closed positions in: TEVA (from ~2.45 mln shares), FDC (from ~2.12 mln), ZAYO (from ~1.89 mln), BSX (from ~1.79 mln), EDU (from ~0.88 mln), GDX (from ~0.87 mln), MSFT (from ~0.69 mln), CVNA (from ~0.55 mln), SNPS (from ~0.46 mln)
- Decreased positions in: HDS (to ~2.74 mln shares from ~5.4 mln shares), TIF (to ~0.94 mln from ~1.89 mln - also has calls), FLMN (to ~0.68 mln from ~1.35 mln), JACK (to ~0.93 mln from ~1.59 mln), ZBH (to ~1.86 mln from ~2.29 mln)
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Portfolio Ticker Matches: INSID
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Onkyo home audio and visual equipment operations to be acquired by Sound United
15 MAY 2019
Onkyo Corp. [TYO: 6628] has decided to sell its home audio and visual equipment operations to Sound United LLC, and will sign a basic agreement for the sale, the Japanese company said in a statement filed to the Tokyo Stock Exchange.
Under the plan, Onkyo is considering the sale of shares of Onkyo & Pioneer Corp. and its subsidiaries to either Sound United, or to Viper Holdings Corp., a US-based private equity firm, which wholly owns Sound United, the statement said.
After finalizing the sale terms for an official contract with Viper Holdings, Onkyo will take the matter to an annual regular shareholders meeting to be held on 26 June to gain shareholder approval, according to the statement.
Financial details of the planned sale are not disclosed in the statement.
Auchan confirms sale of Vietnam-based operations (translated)
15 MAY 2019
French privately-owned supermarkets operator Auchan confirms it was selling its operations based in Vietnam, French daily Les Echosreported.
The report cited Edgard Bonte, chairman of Auchan Retail, as saying that the 20 supermarkets operated by the group would be sold “separately”.
Auchan Vietnam generates annual revenue of EUR 45m, Bonte noted.
According to Bonte, Auchan is not planning to make any further divestments.
Asian stocks traded modestly higher and U.S. equity futures pointed to a gain on expectation Beijing might add economic stimulus after data showed China’s economy lost steam in April. The yuan was little changed and the dollar ticked higher.
Stocks in China, Hong Kong and South Korea rose, with shares in Japan lagging. Trading volumes remained lackluster, signaling little conviction in the gains, with investors still reeling from the breakdown in trade negotiations in the past week. The Australian dollar was the biggest loser among the world’s largest currencies after the China data. Oil dropped on a report of a jump in U.S. stockpiles.
US After Hours TCS +14% / TLRY +5% are higher, while A -9% is lower following earnings/guidance
Nikkei +0.35% CSI +0.90% CSI +1.83% Shanghai +1.49% Shenzen +1.85%
Eur$ 1.1211 CNY 6.8760 CNH 6.9059 JPY 109.67 GBP 1.2914 CHF 1.0087 RUB 64.9660 WTI$ 61.38 -0.60%
Macro :
- Salvini, on Campaign Trail, Says Italy May Break EU Rules
- May to Bring Brexit Deal Back to Parliament at Start of June
- China’s Economy Lost Momentum Even Ahead of Trump’s New Tariffs
Keep an eye on :
- ABN NA : ABN Amro First Quarter Profit 4.2% Below Estimates
- ACS SM : ACS First Quarter Net Income 4.1% Above Estimates
- ADL GY : Adler Real Estate First Quarter FFO I EU21.6 Mln
- AGS BB : Ageas First Quarter Insurance Net 1.2% Above Estimates
- AF FP : Air France-KLM CEO Ben Smith Buys 50,000 Shares: WanSquare
- AFG NO : AF Gruppen First Quarter Pretax Profit 2.2% Below Estimates
- ATEB BB : Atenor Buys 14.1-Hectare Warsaw Plot, Signs Unilever in City Dox
- NDA GY : Aurubis Second Quarter Operating Ebit Misses Lowest Estimate, 2Q Op. Ebit Misses, Sees 2019 ROCE Down ’Significantly’
- BARC LN : BOE Warned Criminal Charge Could Destabilize Barclays: FT
- CA FP : Carrefour Gets Union Approval for Job Cut Plan: Le Figaro
- CGG FP : CGG First Quarter Revenue $271 Mln
- CLASB SS : Clas Ohlson April Sales +2%
- ACA FP : *CREDIT AGRICOLE 1Q NET EU763M; EST. EU800M, Credit Agricole 1Q Net Income Falls 11%
- ACA FP : Credit Agricole Posts Resilient Trading as Brassac Preps Targets
- RE FP : Colas Splits CEO Function: Appoints Frederic Gardes CEO
- DTE GY : T-Mobile Discusses Network Plans in Sprint Deal Advocacy at FCC
- FGR FP : Eiffage Signs EU2b Credit Facility for Initial 5-Year Period, Eiffage in Talks to Buy 49.99% of Toulouse Airport
- DRI GY : 1&1 Drillisch First Quarter Revenue Misses Lowest Estimate
- ETL FP : Eutelsat Cuts Outlook For FY Operating Verticals Revenue
- EUCAR FP : Europcar 1Q Revenue Falls 0.6% to EU553m; Confirms Guidance
- FINGB SS : Fingerprint Cards 1Q Operating Loss Narrows to SEK1.9 Mln
- GN DC : GN Store Nord Places EU330m 5Y Convertible Bonds
- GSF NO : Grieg Seafood First Quarter Ebit Beats Highest Estimate
- ICA SS : ICA to Report SEK400m Capital Loss After Selling Hemtex to Kid
- IPH FP : Innate Pharma: 1Q Cash Equivalents, Financial Assets EU237.1M
- INTER NA : Intertrust Scraps Two Pay Proposals at AGM on Stakeholder Views
- DEC FP : Outdoor Advertiser JCDecaux Quarterly Adjusted Revenue Rises 13%
- KOA NO : Kongsberg Automotive First Quarter Adjusted Ebit EU21.5 Mln
- KID NO : Kid ASA First Quarter Ebitda 3.8% Above Estimates
- LHN SW : LafargeHolcim 1Q Sales Beat Estimates; Confirms 2019 Targets,
- LHN SW : *LAFARGEHOLCIM CEO SAYS NO BIG PLANS FOR ASSET SALES FOR NOW
- LEO GY : Leoni First Quarter Loss EU132 Mln, Leoni Posts Loss as One-Time Effects Burden 1Q
- LIAB SS : Lindab Offering by Holder Prices 4.25m Shares at SEK100/Share
- MS IM : Mediaset First Quarter Ebit EU78.5 Mln, Mediaset 2Q Ad Spending In Line; Nothing New on M&A
- MLP GY : MLP First Quarter Ebit EU12.5 Mln
- MW1 GY : MVV Energie First Half Adjusted Ebit EU161 Mln
- NEON FP : Neoen Confirms Outlook; 1Q Revenue EU65.2M, up 32%
- NFLSK DC : Nilfisk First Quarter Revenue EU247 Mln
- OSR GY : Osram Licht Discontinues Share Buyback Program
- PIRC IM : Pirelli Cuts 2019 Rev. Growth Guidance, Confirms Profitability
- RNO FP : Renault Says Nissan Results to Wipe EU56M Off 1Q Earnings
- RNO FP : Renault-Obscured Turnaround Worries Nissan Investors: BI React
- ROTH FP : Rothschild & Co First Quarter Revenue EU444 Mln
- RWE GY : RWE Profits From Rising Power Prices Despite Hambach Disruption
- SAN FP : Sanofi Joins Drugmakers’ Move to Treat Patients With Software
- SFER IM : Ferragamo 1Q Rev Rises 4.3%; China Retail Rev. +18%
- SESG FP : Airwaves in Intelsat Plan Merit ‘Quickest’ Action: FCC Member
- SEQUA BB : Sequana Medical Says Alfapump Included in German Treatment Guide
- SCHA NO : Schibsted First Quarter Ebitda Misses Lowest Estimate
- SAE GY : Shop Apotheke 1Q Loss Widens; Sees Break-Even in 2020
- SZG GY : Salzgitter Sees FY Pretax High End Of EU125 Mln To EU175 Mln
- SIE GY : GE Wins Most Orders for New Gas-Fired Power Plants in 1Q: Rtrs
- SKFB SS : SKF Plans to Reduce Number of Factories, Dagens Industri Reports
- SLA LN : Standard Life Aberdeen: 42% of Votes Against Pay Report at AGM
- UNI SM : *LIBERBANK OPTS NOT TO PURSUE MERGER WITH UNICAJA
- UTDI GY : United Internet First Quarter Sales Miss Lowest Estimate
>>> Up
>>> Down
* Aeroports de Paris Cut to Neutral at MainFirst; PT 155 Euros
* ArcelorMittal Downgraded to Sell at Nord/LB; PT 12 Euros
* Lekoil Downgraded to Market Perform at BMO
* ThyssenKrupp Downgraded to Sell at AlphaValue
>>> Initiation
* Allianz Rated New Underperform at RBC; PT 200 Euros
* AMG Rated New Buy at Berenberg; PT 35 Euros
* Axa Rated New Outperform at RBC; PT 29.50 Euros
* CPH Chemie & Papier Rated New Buy at Baader Helvea
* Medacta Rated New Overweight at Morgan Stanley; PT 111 Francs
* Zurich Ins. Rated New Outperform at RBC; PT 370 Francs
>>> Call
* AMG’s Entrepreneurial Approach a Major Advantage, Berenberg Says
* Ferragamo 1Q Encouraging, With Positive China Signals: Analysts
* Pirelli Likely to See Mild Consensus Downgrades, Jefferies Says