Glendon Capital Management LP Buys Frontier Communications Parent Inc, Valaris, iStar Inc, Sells VEREIT Inc, Chesapeake Energy Corp, Ally Financial Inc

• New Purchases: FYBR, VAL, UAN,
• Added Positions: CF, STAR, NRG,
• Reduced Positions: VER, CHK, ALLY, WLL, VST,
• Sold Out: BHC,

For the details of Glendon Capital Management LP's stock buys and sells, go to https://www.gurufocus.com/guru/glendon+capital+management+lp/current-portfolio/portfolio

1. Frontier Communications Parent Inc (FYBR) - 20,852,335 shares, 36.41% of the total portfolio. New Position
2. CF Industries Holdings Inc (CF) - 4,235,477 shares, 14.41% of the total portfolio. Shares added by 18.66%
3. Chesapeake Energy Corp (CHK) - 2,994,945 shares, 10.28% of the total portfolio. Shares reduced by 23.3%
4. VEREIT Inc (VER) - 2,633,880 shares, 8.00% of the total portfolio. Shares reduced by 35.39%
5. Ally Financial Inc (ALLY) - 2,068,674 shares, 6.82% of the total portfolio. Shares reduced by 29.14%

Glendon Capital Management LP initiated holding in Frontier Communications Parent Inc. The purchase prices were between $0 and $26.5, with an estimated average price of $24.54. The stock is now traded at around $29.250000. The impact to a portfolio due to this purchase was 36.41%. The holding were 20,852,335 shares as of 2021-06-30.

Glendon Capital Management LP initiated holding in Valaris Ltd. The purchase prices were between $20.66 and $29.33, with an estimated average price of $25.03. The stock is now traded at around $25.360000. The impact to a portfolio due to this purchase was 2.42%. The holding were 1,268,263 shares as of 2021-06-30.

Glendon Capital Management LP initiated holding in CVR Partners LP. The purchase prices were between $40.35 and $67.5, with an estimated average price of $55.67. The stock is now traded at around $55.210000. The impact to a portfolio due to this purchase was 0.91%. The holding were 223,136 shares as of 2021-06-30.

Glendon Capital Management LP added to a holding in iStar Inc by 136.65%. The purchase prices were between $16.55 and $20.73, with an estimated average price of $18.19. The stock is now traded at around $25.300000. The impact to a portfolio due to this purchase was 1.13%. The holding were 1,424,400 shares as of 2021-06-30.

Glendon Capital Management LP added to a holding in NRG Energy Inc by 21.06%. The purchase prices were between $32.15 and $40.84, with an estimated average price of $36.21. The stock is now traded at around $43.760000. The impact to a portfolio due to this purchase was 0.61%. The holding were 1,321,333 shares as of 2021-06-30.

Glendon Capital Management LP sold out a holding in Bausch Health Companies Inc. The sale prices were between $27.43 and $32.7, with an estimated average price of $30.37.