Pennant Capital Management LLC is a hedge fund that was founded in 2001 with the aim of providing highest quality investment services in order to increase and protect the investment of clients. The firm manages diversified, short term investments that maximize returns for clients without compromising the safety of the investments. According to the SEC…
General Motors Company (GM), Citigroup Inc (C), Priceline Group Inc (PCLN): Primary Stock Holdings of Appaloosa Management
Appaloosa Management is run by billionaire David Tepper and the latest SEC 13F filing of the investment manager on November 14 highlights its stake in Alibaba Group Holding Ltd (NYSE:BABA) with 725,000 shares of the internet company. Some of the primary stock investments of the Appaloosa Management include General Motors Company (NYSE:GM), Citigroup Inc (NYSE:C),…
Priceline Group Inc (PCLN) to Offer Senior Notes in Public Offering After Acquisitions
Priceline Group Inc (NASDAQ:PCLN) announced yesterday that it is planning to offer senior notes in an underwritten public offering. The shares of the online travel company rose 1.68% or $19.33 post announcement. Some of the primary underwriters for the offering include Royal Bank of Scotland (NYSE:RBS), Deutsche Bank (NYSE:DB)’s London branch, Wells Fargo (NYSE:WFC), Goldman…
Amazon.com, Inc. (AMZN) and Priceline Group Inc (PCLN) Top of Google Inc (GOOG) Search Advertisers
The world’s top online retailer, Amazon.com, Inc. (NASDAQ:AMZN), has topped the list of 25 highest spending companies on Google Inc (NASDAQ:GOOG) Search advertisement. The company spent a whopping $158 million, almost doubling the amount spent by Priceline Group Inc (NASDAQ:PCLN), the second-ranked company on the list. All the 25 top companies spent a total of…
Priceline Group Inc (PCLN) Increasing Revenues Aggressively Outside of US
Priceline Group Inc (NASDAQ:PCLN) has proved itself an exception when it declared second-quarter results today in the sense that it contradicted itself as far as the analysts’ forecasts were concerned. Although this Connecticut-based firm was just a whisker short of what the analysts had predicted, it made up for the drop in form of increased…