Brookside Capital Sells Shares in These Companies in Third Quarter

Wall St. Watchdog reveals information regarding significant reduction in shares for Brookside Capital Management’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Juniper Networks Inc. (NYSE:JNPR): On 06/30/2011, Brookside Capital Management reported holding 9,500,563 shares. On 09/30/2011, Brookside Capital Management reported holding 1,766,994 shares. The net reduction in shares for this position is 7,733,569 or 81.4%. About Company: Juniper Networks, Inc. provides Internet infrastructure solutions for Internet service providers and other telecommunications service providers. The Company offers network infrastructure solutions that includes IP routing, Ethernet switching, security and application acceleration solutions.
  • Acorda Therapeutics Inc. (NASDAQ:ACOR): On 06/30/2011, Brookside Capital Management reported holding 1,385,955 shares. On 09/30/2011, Brookside Capital Management reported holding 451,443 shares. The net reduction in shares for this position is 934,512 or 67.43%. About Company: Acorda Therapeutics Inc. is a biotechnology company that is developing therapies for spinal cord injury and related neurological conditions, including multiple sclerosis. Additionally, Acorda is developing multiple approaches to regeneration and repair of the spinal cord and brain.
  • Celgene Corporation (NASDAQ:CELG): On 06/30/2011, Brookside Capital Management reported holding 6,837,101 shares. On 09/30/2011, Brookside Capital Management reported holding 3,134,273 shares. The net reduction in shares for this position is 3,702,828 or 54.16%. About Company: Celgene Corporation is a global biopharmaceutical company. The Company focuses on the discovery, development, and commercialization of therapies designed to treat cancer and immune-inflammatory related diseases.
  • Nii Holdings Inc. (NASDAQ:NIHD): On 06/30/2011, Brookside Capital Management reported holding 4,075,307 shares. On 09/30/2011, Brookside Capital Management reported holding 2,113,889 shares. The net reduction in shares for this position is 1,961,418 or 48.13%. About Company: NII Holdings Inc., provides mobile communications for business customers in Latin America. The Company has operations in Argentina, Brazil, Chile, Mexico, and Peru, offering a fully integrated wireless communications tool with digital cellular service, text/numeric paging, wireless internet access, and Nextel DirectConnect, a digital two-way radio feature.
  • Macy’s Inc. (NYSE:M): On 06/30/2011, Brookside Capital Management reported holding 8,374,532 shares. On 09/30/2011, Brookside Capital Management reported holding 4,681,932 shares. The net reduction in shares for this position is 3,692,600 or 44.09%. About Company: Macy’s, Inc. operates department stores in the United States. The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy’s retail stores sell a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods.

(Note: Data regarding Brookside Capital Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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