Scopia Management Raises Stake in PHH Corp. (PHH) to 12.65%
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In a 13D filing on PHH Corp. (NYSE: PHH), hedge fund Scopia Management disclosed a 12.65%, or 7,129,841 share, stake in the company. This is up 28.10% from the 5,565,817 shares held at the end of the latest quarter ending December 31, 2011.
The fund said they purchased the Shares based on its belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.
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The fund said they purchased the Shares based on its belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.
For more notable holders of PHH Corp. stock click here.
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