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Equity Actions

BX

Blackstone has liquidated its stake in Arm Holdings, marking a significant move for both companies. This decision by Blackstone could have various implications for its investment strategy and financial health.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:37 pm

PRME

Prime Medicine, Inc. (NASDAQ:PRME) has announced a proposed public offering of $125 million of its common stock, with an option for underwriters to purchase an additional 15% of the shares. The offering is managed by J.P. Morgan, Jefferies, TD Cowen, BMO Capital Markets, and Chardan, and is subject to market conditions.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:36 pm

CF

CF Industries Holdings anticipates that significant energy cost differentials between North American producers and high-cost producers in Europe and Asia will continue to persist over the near and medium terms.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:36 pm

AWK

American Water Works Company (AWK) has increased its 2024 EPS guidance from $5.10-$5.20 to $5.20-$5.30 due to increased interest income from a legacy note restructuring. The company reaffirms its long-term financial targets, including a 7-9% EPS and dividend growth rate. The increased interest income, approximately $0.10 per share per year, results from the amendment to the terms of the secured seller note receivable related to the sale of the former Homeowner Services Group (HOS), with the note's maturity date remaining at December 9, 2026. AWK's earnings forecasts are subject to various risks and uncertainties as outlined in its SEC filings.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:35 pm

BABA

BX

Blackstone has liquidated its stake in Alibaba, marking a significant move by the investment firm.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:34 pm

BRK/A

STNE

Berkshire Hathaway has fully liquidated its stake in StoneCo, a notable move given Berkshire's reputation for long-term investments. This decision could reflect Berkshire's assessment of StoneCo's future prospects or a strategic portfolio realignment.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:32 pm

SSSS

SuRo Capital Corp. (SSSS) announced a modified Dutch Auction tender offer to repurchase up to 2 million shares of its common stock, with a price range of $4.00 to $5.00 per share, using available cash. The offer starts on February 20, 2024, and ends on April 1, 2024. This move is aimed at enhancing shareholder value, as the company believes its stock is currently undervalued.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 9:31 pm

BRK.A

PARA

Berkshire Hathaway has sold approximately 30.4 million shares of Paramount Global, reducing its stake to 63,322,491 shares. This move could indicate a shift in Berkshire's investment strategy or its outlook on the media company.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:31 pm

BLK

SOUN

BlackRock has reported a 5.6% passive stake in SoundHound AI, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:30 pm

BRK/A

MKL

Berkshire Hathaway has fully liquidated its investment in Markel, a move that could have implications for both companies' stock prices in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:25 pm