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Sound Point Capital Management, LP Buys Intelsat SA, Gray Television Inc, Boyd Gaming Corp, Sells Time Warner Inc, Sinclair Broadcast Group Inc, Macquarie Infrastructure Corp

Investment company Sound Point Capital Management, LP buys Intelsat SA, Gray Television Inc, Boyd Gaming Corp, Mudrick Capital Acquisition Corp, Trinity Merger Corp, Loral Spacemmunications Inc, Quorum Health Corp, sells Time Warner Inc, Sinclair Broadcast Group Inc, Macquarie Infrastructure Corp, Nexstar Media Group Inc, Mudrick Capital Acquisition Corp during the 3-months ended 2018-06-30, according to the most recent filings of the investment company, Sound Point Capital Management, LP. As of 2018-06-30, Sound Point Capital Management, LP owns 26 stocks with a total value of $517 million. These are the details of the buys and sells.

For the details of Sound Point Capital Management, LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Sound+Point+Capital+Management%2C+LP

These are the top 5 holdings of Sound Point Capital Management, LP
  1. iShares Russell 2000 (IWM) - 1,601,800 shares, 50.73% of the total portfolio.
  2. SPDR S&P 500 (SPY) - 200,000 shares, 10.49% of the total portfolio.
  3. VICI Properties Inc (VICI) - 1,444,066 shares, 5.76% of the total portfolio.
  4. Boyd Gaming Corp (BYD) - 541,209 shares, 3.63% of the total portfolio. Shares added by 26.07%
  5. Gray Television Inc (GTN) - 1,044,655 shares, 3.19% of the total portfolio. Shares added by 51.66%
New Purchase: Intelsat SA (I)

Sound Point Capital Management, LP initiated holding in Intelsat SA. The purchase prices were between $3.61 and $19.56, with an estimated average price of $12.86. The stock is now traded at around $22.42. The impact to a portfolio due to this purchase was 1.34%. The holding were 415,797 shares as of 2018-06-30.

New Purchase: Mudrick Capital Acquisition Corp (MUDS)

Sound Point Capital Management, LP initiated holding in Mudrick Capital Acquisition Corp. The purchase prices were between $9.6 and $9.67, with an estimated average price of $9.62. The stock is now traded at around $9.66. The impact to a portfolio due to this purchase was 0.75%. The holding were 400,000 shares as of 2018-06-30.

New Purchase: Trinity Merger Corp (TMCX)

Sound Point Capital Management, LP initiated holding in Trinity Merger Corp. The purchase prices were between $9.73 and $9.78, with an estimated average price of $9.76. The stock is now traded at around $9.80. The impact to a portfolio due to this purchase was 0.47%. The holding were 250,000 shares as of 2018-06-30.

New Purchase: Quorum Health Corp (QHC)

Sound Point Capital Management, LP initiated holding in Quorum Health Corp. The purchase prices were between $4.16 and $9.8, with an estimated average price of $6.45. The stock is now traded at around $4.21. The impact to a portfolio due to this purchase was 0.19%. The holding were 200,000 shares as of 2018-06-30.

Added: Gray Television Inc (GTN)

Sound Point Capital Management, LP added to a holding in Gray Television Inc by 51.66%. The purchase prices were between $10.75 and $16.5, with an estimated average price of $12.02. The stock is now traded at around $16.45. The impact to a portfolio due to this purchase was 1.09%. The holding were 1,044,655 shares as of 2018-06-30.

Added: Boyd Gaming Corp (BYD)

Sound Point Capital Management, LP added to a holding in Boyd Gaming Corp by 26.07%. The purchase prices were between $30.76 and $38.61, with an estimated average price of $35.12. The stock is now traded at around $35.18. The impact to a portfolio due to this purchase was 0.75%. The holding were 541,209 shares as of 2018-06-30.

Added: Loral Space & Communications Inc (LORL)

Sound Point Capital Management, LP added to a holding in Loral Space & Communications Inc by 57.40%. The purchase prices were between $37.6 and $40.8, with an estimated average price of $39.1. The stock is now traded at around $41.20. The impact to a portfolio due to this purchase was 0.45%. The holding were 170,657 shares as of 2018-06-30.

Sold Out: Time Warner Inc (TWX)

Sound Point Capital Management, LP sold out a holding in Time Warner Inc. The sale prices were between $92.18 and $98.77, with an estimated average price of $95.01.

Sold Out: Sinclair Broadcast Group Inc (SBGI)

Sound Point Capital Management, LP sold out a holding in Sinclair Broadcast Group Inc. The sale prices were between $27.05 and $33.5, with an estimated average price of $29.97.

Sold Out: Nexstar Media Group Inc (NXST)

Sound Point Capital Management, LP sold out a holding in Nexstar Media Group Inc. The sale prices were between $61.2 and $77.85, with an estimated average price of $67.63.

Sold Out: Mudrick Capital Acquisition Corp (MUDSU)

Sound Point Capital Management, LP sold out a holding in Mudrick Capital Acquisition Corp. The sale prices were between $10.12 and $10.35, with an estimated average price of $10.24.

Sold Out: Calumet Specialty Products Partners LP (CLMT)

Sound Point Capital Management, LP sold out a holding in Calumet Specialty Products Partners LP. The sale prices were between $6.9 and $8.55, with an estimated average price of $7.51.

Reduced: Macquarie Infrastructure Corp (MIC)

Sound Point Capital Management, LP reduced to a holding in Macquarie Infrastructure Corp by 66.92%. The sale prices were between $36.7 and $42.62, with an estimated average price of $39.28. The stock is now traded at around $45.05. The impact to a portfolio due to this sale was -2.62%. Sound Point Capital Management, LP still held 90,223 shares as of 2018-06-30.

Reduced: Everi Holdings Inc (EVRI)

Sound Point Capital Management, LP reduced to a holding in Everi Holdings Inc by 20.38%. The sale prices were between $6.2 and $8.6, with an estimated average price of $7.16. The stock is now traded at around $7.99. The impact to a portfolio due to this sale was -1.42%. Sound Point Capital Management, LP still held 2,167,264 shares as of 2018-06-30.

Reduced: Global Eagle Entertainment Inc (ENT)

Sound Point Capital Management, LP reduced to a holding in Global Eagle Entertainment Inc by 30.97%. The sale prices were between $0.87 and $2.9, with an estimated average price of $1.74. The stock is now traded at around $2.61. The impact to a portfolio due to this sale was -0.47%. Sound Point Capital Management, LP still held 1,841,059 shares as of 2018-06-30.

Reduced: Hornbeck Offshore Services Inc (HOS)

Sound Point Capital Management, LP reduced to a holding in Hornbeck Offshore Services Inc by 58.42%. The sale prices were between $2.73 and $3.96, with an estimated average price of $3.38. The stock is now traded at around $4.01. The impact to a portfolio due to this sale was -0.34%. Sound Point Capital Management, LP still held 217,124 shares as of 2018-06-30.



Here is the complete portfolio of Sound Point Capital Management, LP. Also check out:

1. Sound Point Capital Management, LP's Undervalued Stocks
2. Sound Point Capital Management, LP's Top Growth Companies, and
3. Sound Point Capital Management, LP's High Yield stocks
4. Stocks that Sound Point Capital Management, LP keeps buying

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