Glenview Capital Boosts URS Corp Stake ~ market folly

Monday, April 30, 2012

Glenview Capital Boosts URS Corp Stake

Larry Robbins' hedge fund Glenview Capital filed a 13G with the SEC regarding its position in URS Corporation (URS).  Per the filing, Glenview now owns a 5.16% ownership stake in the company with 3,910,140 shares.

Due to trading activity on April 17th, this marks a 10% increase in their position size since the end of 2011.  At that time, Robbins' hedge fund was already the second largest holder of URS shares.

This isn't their only recent activity as we've also posted up two other stakes they've increased.

Per Google Finance, URS is "a provider of engineering, construction and technical services. The Company offers a range of program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to public agencies and private sector clients globally. It also is a United States federal government contractor in the areas of systems engineering and technical assistance, operations and maintenance, and information technology (IT) services."

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