Glenview Capital Boosts Computer Sciences Stake ~ market folly

Tuesday, September 6, 2016

Glenview Capital Boosts Computer Sciences Stake

Larry Robbins' hedge fund firm Glenview Capital has filed a 13G with the SEC regarding its position in Computer Sciences Corp (CSC).  Per the filing, Glenview now owns 5.26% of the company with over 7.38 million shares.

This is an increase over the 6.87 million shares they owned at the end of the second quarter.  The filing was made due to activity on August 23rd.

You can see the rest of Glenview's portfolio in the brand new issue of our newsletter.

Per Google Finance, Computer Sciences Corp is "a global provider of information technology (IT) and professional services and solutions. The Company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides various technology solutions, including consulting, applications services and software. GBS has three primary growth engines: end-to-end applications services, consulting services, big data services and industry-aligned software and solutions. The GIS segment provides managed and virtual desktop solutions, unified communications and collaboration services, data center management, cyber security, compute and managed storage solutions to commercial clients across the globe. GIS also delivers CSC's various cloud offerings, including Infrastructure as a Service (IaaS), private cloud solutions, CloudMail and Storage as a Service (SaaS). The Company has operations throughout North America, Europe, Asia and Australia."

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