Glenview Capital Discloses Group 1 Automotive Stake ~ market folly

Tuesday, August 12, 2014

Glenview Capital Discloses Group 1 Automotive Stake

Larry Robbins' hedge fund firm Glenview Capital has just filed a 13G with the SEC.  They've disclosed that they now own 6.24% of Group 1 Automotive (GPI) with over 1.5 million shares.

This is a newly revealed stake and the filing was made due to activity on July 31st.

For more from this hedge fund, check out Larry Robbins at the Delivering Alpha conference.

Per Google Finance, Group 1 Automotive is "an operator in the automotive retailing industry. Through its operating subsidiaries, it markets and sells a range of automotive products and services, including new and used cars and light trucks; arrange related vehicle financing; service and insurance contracts; provide automotive maintenance and repair services, and sell vehicle part."

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