David Einhorn's hedge fund firm Greenlight Capital has filed an amended 13D with the SEC regarding its position in CONSOL Energy (CNX). Per the filing, Greenlight now owns 12.9% of the company with over 29.6 million shares.
This is up from the 20.5 million shares Greenlight owned at the end of the first quarter.
An additional Form 4 filed with the SEC by Greenlight indicates that they were buying CNX shares on July 20th, 21st, and 22nd at weighted average prices ranging between $16.3908 to $17.27.
Einhorn isn't the only activist involved in CNX shares, either. Southeastern Asset Management recently increased its stake to around 21% of the company. Mason Hawkins' firm would like the company to monetize its E&P portfolio.
In addition to its position in CNX, recently Greenlight also revealed a stake in CNX Coal Resources.
For more from this hedge fund, we recently posted Greenlight's Q2 letter.
Thursday, July 23, 2015
Greenlight Capital Increases CONSOL Energy Stake
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