On Tuesday, MedAssets, Inc. (NASDAQ:MDAS)’s shares declined -9.79% to $21.29.
Starboard Value LP on August 3, 2015 revealed an 8.7% ownership stake in MedAssets, Inc. (MDAS) making it one of the Company’s largest shareholders. Starboard also declared that it has delivered a letter to R. Halsey Wise, MedAsset’s Chairman and Chief Executive Officer, and the Board of Directors of the Company (the “Board”). Starboard looks forward to constructive dialogue with Company administration and the Board regarding the Company’s business and opportunities to create noteworthy shareholder value.
MedAssets, Inc., a performance improvement company, provides technology-enabled products and services for hospitals, health systems, non-acute healthcare providers, payers, and other service providers and product manufacturers in the United States. It operates in two segments, Spend and Clinical Resource Administration (SCM) and Revenue Cycle Administration (RCM). The SCM segment provides a suite of cost administration services, supply chain analytics, and data capabilities; planned sourcing and group purchasing services; and medical device and clinical resource consulting, lean performance improvement, workforce administration, and supply chain outsourcing and procurement services.
WisdomTree Investments, Inc. (NASDAQ:WETF)’s shares dropped -2.92% to $25.31.
WisdomTree Investments, Inc. (WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager recently stated net income of $24.2 million for the second quarter of 2015 or $0.18 per share on a fully diluted basis. This compares to $10.6 million in the second quarter of 2014 and $12.1 million in the first quarter of 2015.
Recent Business Developments
Personnel
- On June 15, 2015, the Company named Kurt MacAlpine Executive Vice President and Head of Global Distribution
- On July 1, 2015, the Company declared plans for a Japan office and the appointment of Jesper Koll as Chief Executive Officer of WisdomTree Japan K.K.
- On July 23, 2015, the Company declared the expansion of its Japan Administration team with the appointment of Junichi Kamitsubo as Head of Sales and Atsushi Yamamoto as Chief Compliance Officer of WisdomTree Japan K.K.
WisdomTree Investments, Inc., through its auxiliaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes.
At the end of Tuesday’s trade, Rex Energy Corporation (NASDAQ:REXX)‘s shares dipped -13.54% to $1.98.
Rex Energy Corporation (REXX) declared its second quarter 2015 operational and financial results.
Second Quarter Financial Results
Operating revenue from ongoing operations for the three and six months ended June 30, 2015 was $45.8 million and $99.9 million, respectively, which represents a decrease of 37% and 35% over the same periods in 2014, respectively. Commodity revenues, counting settlements from derivatives, were $59.3 million and $124.0 million for the three and six months ended June 30, 2015, respectively, a decrease of 16% for each of the comparable periods of 2014. Commodity revenues from oil and natural gas liquids (NGLs), counting settlements from derivatives, represented 49% of total commodity revenues for the three months ended June 30, 2015.
Counting the effects of cash settled basis differential derivatives, the company’s basis differential for its Appalachian Basin assets averaged about ($0.77) off the Henry Hub price of $2.64 for the three months ended June 30, 2015.
Rex Energy Corporation operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the United States. The company focuses on the Marcellus Shale, Utica Shale, and Burkett Shale drilling and exploration activities in the Appalachian Basin, in addition to on developmental oil drilling and the implementation of improved oil recovery on its properties in the Illinois Basins.
Time Warner Inc (NYSE:TWX), ended its Tuesday’s trading session with -0.15% loss, and closed at $87.65.
Time Warner Inc. (TWX) declared that its Executive Vice President and Chief Financial Officer Howard Averill will take part in Nomura’s 2015 Media & Telecom Conference on Thursday, August 13, 2015, in New York, NY.
Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment owns and operates a portfolio of cable television netoperates and related properties that offer entertainment, sports, kids, and news programming on television and digital platforms for consumers. It operates about 165 channels in 200 countries.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
