Cohen's SAC Capital Boosts Stake in Stewart Enterprises (STEI) to Nearly 6%

May 23, 2008 4:26 PM EDT

In a 13G filing after the close on Stewart Enterprises, Inc. (NASDAQ: STEI), Steven Cohen's SAC Capital disclosed a 5.9% stake (5,450,013 shares) in the company. This is up from the 2,400,000 share stake held at the quarter ended March 31, 2008.

Stewart Enterprises, Inc. is a provider of funeral and cemetery products and services in the death care industry in the United States.

SAC is a multi-strategy, $14 billion hedge fund founded by Steven A. Cohen in 1992.

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