Icahn Lift Continues for Voltari Corporation


Voltari Corporation (NASDAQ:VLTC), Tasman Metals Ltd. (NYSEMKT:TAS) and Vivint Solar Inc. (NYSE:VSLR) got a strong start in Monday trading. Caesars Entertainment, International Tower Hill Mines Ltd. (NYSEMKT:THM) and Royal Caribbean Cruises Ltd. (NYSE:RCL) took tumbles early in the day.

Sign up for our free newsletter


Voltari Corporation Keeps Climbing


Voltari Corporation surged +9.05% this morning and continues to ride its Carl Icahn wave. The billionaire disclosed an increased stake in the company in late March, and the stock has soared since. It has climbed more than +1000% over the past month.

Tasman Metals rallied +6.57% early in the day and is up more than +45% in 2015. As per his latest 13F filing, billionaire George Soros holds 1.67 million TAS shares, giving him a 2.52% stake in the company.

Vivint Solar climbed +6.03% and is up +55% for 2015. Leon Cooperman owns just under a half a million shares of the company, which provides distributed solar energy to residential consumers.

Caesars Entertainment Tumbles on Extension Request

Caesars Entertainment tumbled -14.27% after the company’s bankrupt operating division requested more time to file its reorganization plan to work its way out of an estimated $18 billion in debt. It has been unable to reach an agreement with ad hoc committee bank lenders. Despite its troubles, billionaires Leon Cooperman, George Soros and John Paulson have stakes in the company as of their most recent 13F filings, corresponding to the fourth quarter.

International Tower Hill Mines dipped -10.78% this morning and is down more than -25% YTD. John Paulson is a long-time THM shareholder and recently upped his position to one of 32.7 million shares.

Royal Caribbean Cruises Ltd. fell -7.78% after cutting its outlook for 2015 and issuing second-quarter guidance well below expectations. The cruise ship company has taken hits from a strong U.S. dollar and higher fuel prices. Billionaires Julian Robertson and Ray Dalio have small positions in RCL.

Screen Shot 2015-02-23 at 3.00.26 PM


For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

iBillionaire provides access to the investment data and strategies of the world's most successful self-made billionaires. Mobile app available for iOS and Android. Maker of the iBillionaire Index (IBLN). More at www.iBillionaire.me.

Be the first to comment on "Icahn Lift Continues for Voltari Corporation"

Leave a comment

Your email address will not be published.