Alta Fundamental Advisers buys $9.9 Million stake in AMAYA INC (AYA)

AMAYA INC (AYA) : Alta Fundamental Advisers scooped up 140,000 additional shares in AMAYA INC during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 797,210 shares of AMAYA INC which is valued at $9.9 Million.AMAYA INC makes up approximately 8.18% of Alta Fundamental Advisers’s portfolio.

Other Hedge Funds, Including , Taconic Capital Advisors Lp boosted its stake in AYA in the latest quarter, The investment management firm added 520,000 additional shares and now holds a total of 1,930,000 shares of AMAYA INC which is valued at $24 Million. AMAYA INC makes up approx 1.78% of Taconic Capital Advisors Lp’s portfolio. Concourse Capital Management sold out all of its stake in AYA during the most recent quarter. The investment firm sold 202,372 shares of AYA which is valued $2.5 Million. Spark Investment Management sold out all of its stake in AYA during the most recent quarter. The investment firm sold 19,400 shares of AYA which is valued $241,142. Majedie Asset Management Ltd sold out all of its stake in AYA during the most recent quarter. The investment firm sold 95,876 shares of AYA which is valued $1.2 Million. Bronfman E.l. Rothschild added AYA to its portfolio by purchasing 364 company shares during the most recent quarter which is valued at $4,495.

On the company’s financial health, AMAYA INC reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 16, 2016. Analyst had a consensus of $0.41. The company had revenue of $288.70 million for the quarter, compared to analysts expectations of $293.60 million. The company’s revenue was up 6.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on AMAYA INC. AMAYA INC was Downgraded by Desjardins to ” Hold” on Mar 23, 2016.

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