Glenview Capital Cuts VCA Position Size ~ market folly

Wednesday, August 5, 2015

Glenview Capital Cuts VCA Position Size

Larry Robbins' hedge fund firm Glenview Capital has filed an amended 13G with the SEC regarding its position in VCA (WOOF).  Per the filing, Glenview now owns 9.83% of the company with a little over 8 million shares.

An additional Form 4 filed with the SEC indicates Glenview sold 4,720,800 shares on August 3rd, with the bulk of the trade being made at $56.33.

Earlier this week, we also highlighted some other Glenview portfolio activity.

Per Google Finance, VCA is "a national animal healthcare company operating in the United States and Canada. The Company operates in two segments: animal hospital and laboratory. The Company provides veterinary services and diagnostic testing to support veterinary care and also sells diagnostic imaging equipment and other medical technology products and related services to the veterinary market. The Company provides communication marketing solutions and other services to the veterinary community. The Company's animal hospital offer general medical and surgical services pharmaceutical products and performs pet wellness programs. The Company's communication and marketing solutions business provides services to veterinary practices pharmaceutical manufacturers and the pet owning community. The Company's network of veterinary diagnostic laboratories provides sophisticated testing and consulting services."

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