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Activist Investor Filings for January 08, 2018 – LyondellBasell Industries (LYB) Most Noteworthy

There were 30 notable investor filings today. LyondellBasell Industries NV (NTSE:LYB) is the largest company of interest.

Ai International Chemicals S.a.r.l. has filed an SC 13D/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 71,593,367 shares of LyondellBasell Industries NV (NYSE:LYB). This represents 18.15 percent ownership of LyondellBasell Industries NV. Previously, Ai International Chemicals S.a.r.l. had reported owning 73,443,367 shares, indicating a decrease of -2.52 percent. LyondellBasell Industries NV has declared a standard industrial code (sic) of 286 which is the “Industrial Organic Chemicals” industry.

LyondellBasell Industries NV LyondellBasell Industries NV
Broadmark / Pixabay

When a person or group of persons acquires beneficial ownership of more than 5% of a company’s equity securities, they are required to file a Schedule 13D or 13G with the SEC. If these groups intend to influence management into changing the business strategy, they are considered “activist” investors. There is considerable academic research that suggest activist investors contribute to excess returns in equities in the subsequent twelve months after the event.

Investors that acquire 10% or more of a company’s shares, or that gain a board seat, are considered insiders by the SEC and are subject to stricter insider trading filing requirements.

New Activist Investor Filings

Investors that acquire more than 5% of the shares of a company and intend to influence management are considered activist investors and must file a 13D.

Aradigm Corp. (ARDM) – Grifols SA has filed a new SC 13D, reporting a 14.40% ownership stake in Aradigm. This is a decrease of 70.19% from their previous filing.

Alphatec Holdings, Inc. (ATEC) – Miles Patrick has filed a new SC 13D, reporting a 9.10% ownership stake in Alphatec Holdings.

Galena Biopharma, Inc. (GALE) – Stergiou Angelos M. has filed a new SC 13D, reporting a new ownership stake in Galena Biopharma.

Calgon Carbon Corp. (CCC) – Gamco Investors, Inc. Et Al has filed a new SC 13D, reporting a 3.18% ownership stake in Calgon Carbon.

Galena Biopharma, Inc. (GALE) – Equilibria Capital Management Ltd has filed a new SC 13D, reporting a 50.20% ownership stake in Galena Biopharma.

New Passive Investor Filings

Investors that acquire more than 5% of the shares of a company but have no intention of influencing management are considered passive investors and must file a 13G.

Bandwidth Inc. (BAND) – Ailanthus Capital Management, Lp has filed a new SC 13G, reporting a 5.10% ownership stake in Bandwidth.

Eagle Pharmaceuticals, Inc. (EGRX) – Iridian Asset Management Llc/ct has filed a new SC 13G, reporting a 10.10% ownership stake in Eagle Pharmaceuticals.

Calix, Inc. (CALX) – Divisar Capital Management LLC has filed a new SC 13G, reporting a 5.80% ownership stake in Calix.

TerraForm Power Inc. (TERP) – Strategic Value Partners, LLC has filed a new SC 13G, reporting a new ownership stake in TerraForm Power.

Cytori Therapeutics, Inc. (CYTX) – Swissquote Bank Sa has filed a new SC 13G, reporting a 12.00% ownership stake in Cytori Therapeutics.

KBL Merger Corp. IV Unit (KBLMU) – Boothbay Fund Management, Llc has filed a new SC 13G, reporting a 5.99% ownership stake in KBL Merger IV Unit.

Bison Capital Acquisition Corp (BCAC) – Boothbay Fund Management, Llc has filed a new SC 13G, reporting a 5.59% ownership stake in Bison Capital Acquisition.

International Seaways, Inc. (INSW) – cobas asset management, sgiic, s.a. has filed a new SC 13G, reporting a 10.30% ownership stake in International Seaways. This is an increase of 104.37% from their previous filing.

Chart Industries, Inc. (GTLS) – Eagle Asset Management Inc has filed a new SC 13G, reporting a 5.53% ownership stake in Chart Industries.

WageWorks Inc. (WAGE) – Df Dent & Co Inc has filed a new SC 13G, reporting a new ownership stake in WageWorks.

Progenics Pharmaceuticals, Inc. (PGNX) – Eagle Asset Management Inc has filed a new SC 13G, reporting a 5.91% ownership stake in Progenics Pharmaceuticals.

A.H. Belo Corp. (AHC) – North Star Investment Management Corp. has filed a new SC 13G, reporting a 5.90% ownership stake in A.H. Belo.

AutoZone, Inc. (AZO) – JP Morgan Chase & Co has filed a new SC 13G, reporting a 5.80% ownership stake in AutoZone.

Crown Crafts, Inc. (CRWS) – North Star Investment Management Corp. has filed a new SC 13G, reporting a 5.70% ownership stake in Crown Crafts.

Beazer Homes USA, Inc. (BZH) – JP Morgan Chase & Co has filed a new SC 13G, reporting a 6.80% ownership stake in Beazer Homes USA.

Benchmark Electronics, Inc. (BHE) – JP Morgan Chase & Co has filed a new SC 13G, reporting a 5.30% ownership stake in Benchmark Electronics.

Everi Holdings Inc. (EVRI) – Eagle Asset Management Inc has filed a new SC 13G, reporting a 6.29% ownership stake in Everi Holdings. This is a decrease of 25.21% from their previous filing.

Acushnet Holdings Corp. (GOLF) – JP Morgan Chase & Co has filed a new SC 13G, reporting a 5.40% ownership stake in Acushnet Holdings.

Ashford Hospitality Trust Inc. (AHT) – JP Morgan Chase & Co has filed a new SC 13G, reporting a 5.20% ownership stake in Ashford Hospitality Trust.

Appian Corp. (APPN) – JP Morgan Chase & Co has filed a new SC 13G, reporting a 5.50% ownership stake in Appian.

Net Element, Inc. (NETE) – Esousa Holdings Llc has filed a new SC 13G, reporting a 9.99% ownership stake in Net Element.

Providence & Worcester Railroad Co. (PWX) – Propp Morris has filed a new SC 13G, reporting a 6.19% ownership stake in Providence & Worcester Railroad Co.. This is an increase of 23.06% from their previous filing.

Amended Activist Investor Filings

JMP Group LLC (JMPB) – Johnson Craig R has filed an amended Schedule 13D/A, reporting a 6.63% ownership stake in JMP Group.

Cempra, Inc. (CEMP) – Vatera Holdings Llc has filed an amended Schedule 13D/A, reporting a 27.90% ownership stake in Cempra. This is a decrease of 9.12% from their previous filing.

LyondellBasell Industries NV (LYB) – Ai International Chemicals S.a.r.l. has filed an amended Schedule 13D/A, reporting a 18.15% ownership stake in LyondellBasell Industries. This is a decrease of 0.55% from their previous filing.

Fintel provides free investor tools for data driven investors. See all new activist filings at Fintel.io/activists and new 13F filings at Fintel.io/latest-13f-filings.

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