Analyzing the Q3 2022 vs Q4 2022 Holdings of Alta Fundamental Advisers LLC

As an investment company, Alta Fundamental Advisers LLC is responsible for managing assets on behalf of their clients. One way they do this is through the management of 13F filings, which disclose their holdings to the public. In this blog post, we will analyze the changes in Alta Fundamental Advisers LLC's Q3 2022 vs. Q4 2022 13F holdings comparison.

Starting with Alpha Metallurgical Resource (AMR), we saw a decrease of 5.3% in Q4 2022 shares from the Q3 2022 numbers. The same was the case with Advanced Emissions Solutions, Inc. (ADES) with a decrease of 11% in shares. However, some companies saw an increase in shares. For example, Bowlero Corp (BOWL) saw a 10% increase in shares, and Chesapeake Energy Corp (CHK) saw a 4.6% increase in shares. Let's dive deeper into the changes that occurred.

Bowl Corp (BOWL) is a popular and growing chain of bowling centers worldwide. Alta Fundamental Advisers LLC saw the potential of this company and purchased an additional 13,000 shares between Q3 2022 and Q4 2022. This increase translates to a 10% change in the company's holdings.

Chesapeake Energy Corp (CHK) is an American company engaged in hydrocarbon exploration. Again, Alta Fundamental Advisers LLC saw the potential and increased its holdings by 11,000 shares, which is a 4.6% increase in shares from Q3 2022 numbers.

The most significant change in shares is from Gannett Co Inc NEW (GCI). This company, involved in news and media production and distribution, saw Alta Fundamental Advisers LLC increase its holdings by 820,000 shares. This substantial increase amounts to a 48.5% change in the value of their shares.

On the other hand, we saw a decrease in shares of Hertz Global Hldgs Inc (HTZ) by 80,000 shares. This change translates to a 13.6% decrease in shares. Furthermore, ADES saw a decrease in shares by 100,000, which amounts to an 11% decrease in shares.

One company that saw a complete sell-out is Renren Inc-ADR (RENN). Alta Fundamental Advisers LLC sold all its holdings amounting to 561,373 shares. The same is valid for Avaya Common Stock (AVYA) and Atlas Crest Investment Cor-A (ACII).

In conclusion, Alta Fundamental Advisers LLC increased its holdings in some companies but also decreased its holdings in others. Several companies saw a complete sell-out of their shares, and some others remained unchanged. It's important to understand that these changes represent adjustments made by Alta Fundamental Advisers LLC in response to market conditions.