Penn Virginia $PVA targeted by George Soros (~9.2% active stake revealed)

In a SEC filing on Tuesday, George Soros reported a ~9.2% active stake in Penn Virginia (PVA), up from a passive 8.2% stake in February. PVA’s stock “represented an attractive investment opportunity,” said the activist investor in Tuesday’s filing, calling shares “undervalued.” Soros also called for Penn Virginia to “explore strategic alternatives as a means to enhance or maximize shareholder value” and said it plans to continue to discuss the matters with the company’s management. Source: WSJ