Cannell Capital Trims Sun Healthcare Group Stake ~ market folly

Thursday, May 10, 2012

Cannell Capital Trims Sun Healthcare Group Stake

J. Carlo Cannell's hedge fund firm Cannell Capital recently filed an amended 13G with the SEC.  In it, they reveal a 4.8% ownership stake in Sun Healthcare Group (SUNH) with 1,213,745 shares.  This is around a 24% decrease in their position size since the end of 2011. 

The disclosure was required due to trading activity on March 23rd, 2012 (quite a delayed filing it seems, but nevertheless wanted to highlight this activity).  We've highlighted Cannell Capital before as the firm was founded in 1992 and focuses primarily on small cap value plays.

Per Google Finance, Sun Healthcare is "a healthcare services company, serving principally the senior population. The Company operates in three segments: inpatient services, rehabilitation therapy services, and medical staffing services."

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