Canyon Capital Buys Shares of These 5 Companies in Q3

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

  • Sinclair Broadcast Group Inc. (NASDAQ:SBGI): On 06/30/2011, Canyon Capital reported holding 0 shares. On 09/30/2011, Canyon Capital reported holding 431,487 shares. The net increase in shares for this position is 431,487. About Company: Sinclair Broadcast Group, Inc. is a diversified broadcasting company that owns or provides programming services to television stations across the United States. The Company’s television group includes FOX, WB, ABC, CBS, NBC, and UPN affiliates.
  • National Financial Partners Corp. (NYSE:NFP): On 06/30/2011, Canyon Capital reported holding 0 shares. On 09/30/2011, Canyon Capital reported holding 4,500,000 shares. The net increase in shares for this position is 4,500,000. About Company: National Financial Partners Corporation is an independent distributor of financial services products to high-net worth individuals and small to medium-sized companies.
  • Dryships Inc. (NASDAQ:DRYS): On 06/30/2011, Canyon Capital reported holding 0 shares. On 09/30/2011, Canyon Capital reported holding 7,000,000 shares. The net increase in shares for this position is 7,000,000. About Company: DryShips Inc. owns and operates drybulk carriers. Commodities transported by the Company consist of major bulks, which include iron ore, coal, and grain, and minor bulks such as bauxite, phosphate and steel products. The Company also owns Ultra Deep Water Rigs.
  • Hawaiian Holdings Inc. (NASDAQ:HA): On 06/30/2011, Canyon Capital reported holding 0 shares. On 09/30/2011, Canyon Capital reported holding 8,500,000 shares. The net increase in shares for this position is 8,500,000. About Company: Hawaiian Holdings, Inc. provides scheduled and charter air transportation of passengers, cargo, and mail. The Company provides its services among the islands of Hawaii and between Hawaii and several West Coast gateway cities and destinations in the South Pacific.
  • Mgic Investment Corp. (NYSE:MTG): On 06/30/2011, Canyon Capital reported holding 0 shares. On 09/30/2011, Canyon Capital reported holding 776,700 shares. The net increase in shares for this position is 776,700. About Company: MGIC Investment Corporation, through its subsidiary, provides private mortgage insurance coverage in the United States. The Company’s customers include thrifts, mortgage bankers and brokers, commercial banks, credit unions, and other lending institutions. The Company also provides, through subsidiaries, underwriting and contract services related to home mortgage lending.

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

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