Serengeti Asset Management LP Buys FirstEnergy Corp, Six Flags Entertainment Corp, Acadia Healthcare Co Inc, Sells Red Rock Resorts Inc, Mr. Cooper Group Inc, AMC Entertainment Holdings Inc

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May 04, 2020
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New York, NY, based Investment company Serengeti Asset Management LP (Current Portfolio) buys FirstEnergy Corp, Six Flags Entertainment Corp, Acadia Healthcare Co Inc, Liberty Formula One Group, Reata Pharmaceuticals Inc, sells Red Rock Resorts Inc, Mr. Cooper Group Inc, AMC Entertainment Holdings Inc, Intelsat SA, Northern Oil & Gas Inc during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Serengeti Asset Management LP. As of 2020Q1, Serengeti Asset Management LP owns 13 stocks with a total value of $96 million. These are the details of the buys and sells.

For the details of Serengeti Asset Management LP's stock buys and sells, go to https://www.gurufocus.com/guru/serengeti+asset+management+lp/current-portfolio/portfolio

These are the top 5 holdings of Serengeti Asset Management LP
  1. SPDR S&P 500 (SPY) - 122,500 shares, 32.86% of the total portfolio.
  2. Athene Holding Ltd (ATH) - 576,297 shares, 14.88% of the total portfolio. Shares reduced by 3.95%
  3. FirstEnergy Corp (FE) - 532,538 shares, 13.16% of the total portfolio. New Position
  4. Mr. Cooper Group Inc (COOP) - 1,350,000 shares, 10.30% of the total portfolio. Shares reduced by 20.59%
  5. PG&E Corp (PCG) - 900,000 shares, 8.42% of the total portfolio. Shares reduced by 10%
New Purchase: FirstEnergy Corp (FE)

Serengeti Asset Management LP initiated holding in FirstEnergy Corp. The purchase prices were between $33.19 and $52.27, with an estimated average price of $46.63. The stock is now traded at around $41.19. The impact to a portfolio due to this purchase was 13.16%. The holding were 532,538 shares as of .

New Purchase: Acadia Healthcare Co Inc (ACHC)

Serengeti Asset Management LP initiated holding in Acadia Healthcare Co Inc. The purchase prices were between $11.78 and $35.04, with an estimated average price of $28.85. The stock is now traded at around $21.58. The impact to a portfolio due to this purchase was 2.39%. The holding were 125,000 shares as of .

New Purchase: Liberty Formula One Group (FWONK)

Serengeti Asset Management LP initiated holding in Liberty Formula One Group. The purchase prices were between $20.51 and $48.53, with an estimated average price of $40.05. The stock is now traded at around $31.83. The impact to a portfolio due to this purchase was 2.27%. The holding were 80,000 shares as of .

New Purchase: Reata Pharmaceuticals Inc (RETA)

Serengeti Asset Management LP initiated holding in Reata Pharmaceuticals Inc. The purchase prices were between $124.16 and $247.74, with an estimated average price of $194.02. The stock is now traded at around $152.28. The impact to a portfolio due to this purchase was 2.25%. The holding were 15,000 shares as of .

New Purchase: Ambac Financial Group Inc (AMBC)

Serengeti Asset Management LP initiated holding in Ambac Financial Group Inc. The purchase prices were between $9.36 and $22.7, with an estimated average price of $19.3. The stock is now traded at around $16.99. The impact to a portfolio due to this purchase was 1.28%. The holding were 100,000 shares as of .

New Purchase: Blackstone Mortgage Trust Inc (BXMT)

Serengeti Asset Management LP initiated holding in Blackstone Mortgage Trust Inc. The purchase prices were between $13.02 and $40.51, with an estimated average price of $34.16. The stock is now traded at around $22.75. The impact to a portfolio due to this purchase was 0.97%. The holding were 50,000 shares as of .

Added: Six Flags Entertainment Corp (SIX)

Serengeti Asset Management LP added to a holding in Six Flags Entertainment Corp by 881.25%. The purchase prices were between $10.36 and $45.26, with an estimated average price of $30.25. The stock is now traded at around $20.62. The impact to a portfolio due to this purchase was 4.6%. The holding were 392,500 shares as of .

Sold Out: AMC Entertainment Holdings Inc (AMC)

Serengeti Asset Management LP sold out a holding in AMC Entertainment Holdings Inc. The sale prices were between $2.47 and $7.76, with an estimated average price of $5.83.

Sold Out: Intelsat SA (I)

Serengeti Asset Management LP sold out a holding in Intelsat SA. The sale prices were between $1.53 and $7.83, with an estimated average price of $4.26.

Sold Out: Anterix Inc (ATEX)

Serengeti Asset Management LP sold out a holding in Anterix Inc. The sale prices were between $32.22 and $49.43, with an estimated average price of $45.29.

Sold Out: Studio City International Holdings Ltd (MSC)

Serengeti Asset Management LP sold out a holding in Studio City International Holdings Ltd. The sale prices were between $16.5 and $20.63, with an estimated average price of $18.99.

Sold Out: Five Point Holdings LLC (FPH)

Serengeti Asset Management LP sold out a holding in Five Point Holdings LLC. The sale prices were between $3.83 and $9.16, with an estimated average price of $7.3.



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