Elliott Management Corporation closes position in T / AT & T, Inc.
May 15, 2020 - Elliott Management Corporation has filed a 13F-HR form disclosing ownership of 0 shares of AT & T, Inc. (US:T) with total holdings valued at $0 USD as of March 31, 2020. Elliott Management Corporation had filed a previous 13F-HR on February 14, 2020 disclosing 5,000,000 shares of AT & T, Inc. at a value of $195,400,000 USD. This represents a change in shares of -100.00 percent and a change in value of -100.00 percent during the quarter.
16 replies (most recent on top)
At the SEC I see 3 different companies with Elliot Management. This one has 5 millions AT&T shares as of 8-24-2020
https://www.sec.gov/Archives/edgar/data/0001791786/000156761920015490/0001567619-20-015490-index.html
5 into 195 is roughly 39 dollars a share buy price and today the price is 29 dollars a share.
wow - they must of just gotten sick of their money rotting away and doing better things with it now lol.
can't blame them att is a nothing burger and the fat cats will just continue feeding off the dividend till the company is dead. just like a kid at the end of a chocolate conveyor belt with his mouth open the fat cats are just shoving the dividend any place they can.
Here is the link showing that Elliot dumped ATT shares.
https://fintel.io/so/us/t/elliott-management
they covered their losses with the buying of call options on that pump to $37. This company is DEAD MONEY. Anyone coming out of college or if your below the age of ~40 get the F out now or never come here. place is a freaking dump
Can this be true? If it was, it would be big news. and I don't see any other articles on that subject.
https://www.morningstar.com/articles/996078/19-good-companies-with-bad-stewardship
found this article.
https://marketrealist.com/2020/05/why-elliott-management-might-be-trouble/
Does that mean Bill Morrow will be gone soon? It was Elliot who brought him in. I suspect Stankey would love to see him gone.
CHA-CHING" sounds like Elliot inflated the price of the stock while T took the bait, and sold position.
last message read: Bye bye as-hole Randall
cash drawer opening and closing sounds,
we figured your sh– company future is in the f—ing toilet.
They owned shares of common stock and "economic equivalents" ie derivatives and options.
They sold all of their shares as there have been reports of CEO’s across all companies dumping shares as well recently as there seems to be speculation of a Bull market.....or could be the Dems taking office. Sorry if offended anyone with hear say from CSNBC. I take this as a warning to adjust my portfolio.
Looks like Elliot sold their shares in ALL the companies they own, not just T.
https://fintel.io/i13fs/elliott-management
The original announcements stated Elliot had purchased $3.2 billion In stock in end of 3rd Q 2019. This announce the implies a sell price around 38.25. That should have at least been around the same price they bought in at ( or possibly higher)., but it only gives $195 million. Where are the rest of the shares? (3.2 billion vs 195 million)
Wasn't this, early on, speculated as their strategy, given who they are, and they're track record? I'm not too surprised, other than it took a kind soul to unbury it and expose it here, now, and not sooner.
They know a looser, got their short term gain, and don't want to ride it down to zero and go down with the sinking ship Ratty and Stinky sunk.
It’s true. Someone got played for a short-term gain. Removed Randall and picked up board seats then divested the entire position. Wow.
https://fintel.io/i13f/elliott-management/2020-03-31-0