Steve Cohen's SAC Capital Boosts Aeropostale Position (ARO) ~ market folly

Tuesday, July 3, 2012

Steve Cohen's SAC Capital Boosts Aeropostale Position (ARO)

Steve Cohen's hedge fund firm SAC Capital filed a 13G with the SEC regarding its position in Aeropostale (ARO). 

Per the filing, the hedge fund now has a 5.1% ownership stake in ARO with 4,113,160 shares.  This marks an increase of 125% in their position size since the end of the first quarter. 

Per Google Finance, Aeropostale is "a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-old kids through its P.S. from Aeropostale stores. P.S. from Aeropostale products can be purchased in P.S. from Aeropostale stores, in certain Aeropostale stores, and online at"

For more portfolio activity from SAC Capital, click here

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