Glenview Capital Boosts Carter's Position ~ market folly

Wednesday, July 16, 2014

Glenview Capital Boosts Carter's Position

Larry Robbins' hedge fund firm Glenview Capital has filed a 13G with the SEC regarding shares of Carter's (CRI).  Per the filing, Glenview now owns 6.84% of the company with over 3.67 million shares.

This marks an increase of over 2.1 million shares in their position size since the end of the first quarter.  The filing was made due to activity on July 10th.

Glenview isn't the only hedge fund that's been out buying CRI shares, either.  We recently highlighted that Hound Partners added to their Carter's stake too.

Per Google Finance, Carter's is "a branded marketer of apparel for babies and young children in the United States. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh. Its Carter’s brand provides apparel for children sizes ranging from newborn to seven. OshKosh brand provides its line of apparel for children sizes newborn to 12. Its Carter’s, OshKosh, and related brands are sold to national department stores, chain and specialty stores and discount retailers."

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