Lone Pine Capital Significantly Boosts Stake In VistaPrint (VPRT) to 5.6%
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In a 13G filing after the close Friday on VistaPrint Ltd. (Nasdaq: VPRT), Stephen Mandel's Lone Pine Capital hedge fund disclosed a 5.6%, or 2,365,511 shares, stake in the company. This is significantly higher than the 258,100 share stake the firm held at the quarter ended March 31, 2009. A 13G indicates a "passive investment" above 5%.
VistaPrint was recently the target of a negative report at Citron Research, which said a formal Senate inquiry into web loyalty programs could lead to a 44% drop net income for the company.
VistaPrint Limited operates as an on-line provider of marketing products and services to small businesses worldwide.
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