Cohen's SAC Capital Lowers Stake in Assisted Living Concepts (ALC) to 4.2%
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In a 13G filing on Assisted Living Concepts Inc. (NYSE: ALC), Steven Cohen's SAC Capital disclosed a 4.2% stake (2,302,903 shares) in the company. The firm held 2,802,000 shares at the quarter ended 12/31/07.
Assisted Living Concepts, Inc. and its subsidiaries operate assisted living residences for seniors in the United States.
SAC is a multi-strategy, $14 billion hedge fund founded by Steven A. Cohen in 1992. [LJ]
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