Streetinsider.com After-Hours Movers 2/11: (RXN) (NCLH) (LGF) Higher; (ORIG) (KOS) (HCA) Lower (more...)

February 11, 2013 5:48 PM EST Send to a Friend
Rexnord (NYSE: RXN) 13% HIGHER; has initiated a review of strategic alternatives to enhance shareholder value and has engaged Goldman, Sachs and Co. to serve as its financial adviser in that process. The alternatives considered could include the possible sale of the Company, the possible sale of one or both of its business platforms or the maintenance of the current structure and execution of the existing business strategy.

Norwegian Cruise Line (NASDAQ: NCLH) 4% HIGHER; reported Q4 EPS of $0.04, $0.03 better than the analyst estimate of $0.01. Revenue for the quarter came in at $503.17 million versus the consensus estimate of $512.7 million. Sees Q1 2013 EPS of $0.02-0.05, versus the consensus of $-0.01. Sees FY2013 EPS of $1.20-1.40, versus the consensus of $1.26.

Ocean Rig UDW Inc. (Nasdaq: ORIG) 4% LOWER; DryShips Inc. (Nasdaq: DRYS) and through its majority owned subsidiary, Ocean Rig UDW Inc. (Nasdaq: ORIG), or Ocean Rig, of offshore deepwater drilling services, today announced it is offering 5,000,000 common shares of Ocean Rig that it owns in an underwritten public offering pursuant to Ocean Rig's effective shelf registration statement on Form F-3ASR filed with the Securities and Exchange Commission. Following the completion of the offering, DryShips is expected to own approximately 61.3% of Ocean Rig's outstanding shares.

Kosmos Energy Ltd. (NYSE: KOS) 3% LOWER; has commenced a registered underwritten public offering of approximately 30 million common shares, all of which will be offered by existing shareholders and certain officers of Kosmos. The underwriters of this offering have been granted an option, exercisable within 30 days, to purchase up to an additional 4.5 million common shares from certain of the selling shareholders on the same terms and conditions to cover over-allotment, if any. Kosmos will not receive any of the proceeds from the sale of the common shares.

American Capital Mortgage Investment Corp. (Nasdaq: MTGE) 3% LOWER; plans to make a public offering of 18,000,000 shares of its common stock. In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to an additional 2,700,000 shares of common stock.
Facebook (NASDAQ: FB) 2% LOWER; Bernstein downgraded from Outperform to Market Perform with a price target of $27.00 (from $33.00).

tw telecom inc. (NASDAQ: TWTC) 3% LOWER; reported Q4 EPS of $0.11, $0.04 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $377.9 million versus the consensus estimate of $376.8 million.

HCA Holdings (NYSE: HCA) 2% LOWER; announced that certain of its stockholders, consisting principally of affiliates of, or funds sponsored by, Bain Capital Partners, LLC and Kohlberg Kravis Roberts & Co., intend to offer for sale in an underwritten at-the-market secondary offering approximately 50 million shares of its common stock pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission.

Newcastle Investment Corp. (NYSE: NCT) 1% LOWER; announced today that it plans to make a public offering of 20,000,000 shares of its common stock. In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to an additional 3,000,000 shares of common stock.

Lions Gate Ent. (NYSE: LGF) 1% HIGHER; reported Q3 EPS of $0.27, $0.11 better than the analyst estimate of $0.16. Revenue for the quarter came in at $743.6 million versus the consensus estimate of $707.02 million.

Team Health Holdings, Inc (NYSE: TMH) 1% LOWER; had commenced a secondary offering of 9,633,107 shares of its common stock to be sold by its principal stockholder, Ensemble Parent LLC, an investment fund affiliated with The Blackstone Group L.P., and by certain of TeamHealth's officers and directors, pursuant to a registration statement that TeamHealth previously filed with the Securities and Exchange Commission. Ensemble Parent LLC is selling 9,588,990 shares, representing the remainder of its ownership of TeamHealth's common stock, and TeamHealth's officers and directors are selling 44,117 shares.


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