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

• New Purchases: I, MUDS, TMCX, QHC,
• Added Positions: GTN, BYD, LORL, CJ, HK, MPO,
• Reduced Positions: MIC, EVRI, ENT, HOS, DHCP,
• Sold Out: TWX, SBGI, NXST, MUDSU, CLMT,

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

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%

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.