Water Island Capital LLC increased its position in shares of Skullcandy Inc (NASDAQ:SKUL) by 236.1% during the third quarter, Holdings Channel reports. The firm owned 1,255,520 shares of the company’s stock after buying an additional 881,938 shares during the period. Water Island Capital LLC’s holdings in Skullcandy were worth $7,973,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. K2 Principal Fund L.P. acquired a new stake in shares of Skullcandy during the third quarter worth about $1,314,000. Longfellow Investment Management Co. LLC increased its stake in shares of Skullcandy by 208.1% in the third quarter. Longfellow Investment Management Co. LLC now owns 370,148 shares of the company’s stock worth $2,347,000 after buying an additional 250,000 shares during the period. California Public Employees Retirement System increased its stake in shares of Skullcandy by 65.2% in the second quarter. California Public Employees Retirement System now owns 69,200 shares of the company’s stock worth $425,000 after buying an additional 27,300 shares during the period. Finally, Signia Capital Management LLC increased its stake in shares of Skullcandy by 151.4% in the second quarter. Signia Capital Management LLC now owns 386,467 shares of the company’s stock worth $2,373,000 after buying an additional 232,733 shares during the period. Hedge funds and other institutional investors own 46.74% of the company’s stock.
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Skullcandy, Inc creates audio experiences through its Skullcandy and Astro Gaming brands. The Company operates in two segments: Domestic and International. The Domestic segment consists of Skullcandy and Astro Gaming product sales to customers in the United States. The International segment includes Skullcandy product sales to customers in Europe, Asia, Canada Mexico, and all other geographic areas outside the United States that are served by the Company’s International operations.
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