Akanthos Capital Management Llc Buys Ultra Petroleum Corp, Halcon Resources Corp, Uniti Group Inc, Sells Alerian MLP, Energy Transfer Partners LP, Key Energy Services Inc

• New Purchases: RDVT,
• Added Positions: UPL, HK, UNIT, GSAT, SD, MPO,
• Reduced Positions: OCN, CHK, KEG,
• Sold Out: AMLP, ETP, IAC,

For the details of AKANTHOS CAPITAL MANAGEMENT LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=AKANTHOS+CAPITAL+MANAGEMENT+LLC

1. SandRidge Energy Inc (SD) - 600,000 shares, 21.54% of the total portfolio. Shares added by 12.91%
2. Ocwen Financial Corp (OCN) - 1,400,000 shares, 14.27% of the total portfolio. Shares reduced by 20%
3. Ultra Petroleum Corp (UPL) - 1,265,000 shares, 13.05% of the total portfolio. Shares added by 153.00%
4. Chesapeake Energy Corp (CHK) - 1,500,000 shares, 11.21% of the total portfolio. Shares reduced by 14.29%
5. Halcon Resources Corp (HK) - 875,000 shares, 10.54% of the total portfolio. Shares added by 191.67%

Akanthos Capital Management Llc initiated holding in Red Violet Inc. The purchase prices were between $5.73 and $6.2, with an estimated average price of $6.01. The stock is now traded at around $5.67. The impact to a portfolio due to this purchase was 1.03%. The holding were 68,386 shares as of 2018-03-31.

Akanthos Capital Management Llc added to a holding in Ultra Petroleum Corp by 153.00%. The purchase prices were between $3.58 and $9.38, with an estimated average price of $5.85. The stock is now traded at around $1.85. The impact to a portfolio due to this purchase was 7.89%. The holding were 1,265,000 shares as of 2018-03-31.

Akanthos Capital Management Llc added to a holding in Halcon Resources Corp by 191.67%. The purchase prices were between $4.69 and $8.54, with an estimated average price of $6.76. The stock is now traded at around $4.89. The impact to a portfolio due to this purchase was 6.93%. The holding were 875,000 shares as of 2018-03-31.

Akanthos Capital Management Llc added to a holding in Uniti Group Inc by 67.47%. The purchase prices were between $14.17 and $17.79, with an estimated average price of $16.11. The stock is now traded at around $20.23. The impact to a portfolio due to this purchase was 3.24%. The holding were 200,000 shares as of 2018-03-31.

Akanthos Capital Management Llc added to a holding in Globalstar Inc by 101.66%. The purchase prices were between $0.69 and $1.34, with an estimated average price of $0.99. The stock is now traded at around $0.66. The impact to a portfolio due to this purchase was 2.6%. The holding were 3,024,850 shares as of 2018-03-31.

Akanthos Capital Management Llc sold out a holding in Alerian MLP. The sale prices were between $9.24 and $11.61, with an estimated average price of $10.58.

Akanthos Capital Management Llc sold out a holding in Energy Transfer Partners LP. The sale prices were between $16.06 and $20.71, with an estimated average price of $18.59.

Akanthos Capital Management Llc sold out a holding in IAC/InterActiveCorp. The sale prices were between $129.29 and $166.03, with an estimated average price of $147.44.

Akanthos Capital Management Llc reduced to a holding in Key Energy Services Inc by 25%. The sale prices were between $11.41 and $17.34, with an estimated average price of $14.21. The stock is now traded at around $16.78. The impact to a portfolio due to this sale was -0.55%. Akanthos Capital Management Llc still held 75,000 shares as of 2018-03-31.