SAC Capital Accumulates 6.5% Stake in WCI Communities (WCI)
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In a 13G filing on WCI Communities Inc. (NYSE: WCI), SAC Capital disclosed a 6.5% stake (2.76 million shares). In its most recent quarterly 13F SAC disclosed a debt stake in WCI but no equity.
The news follows recent disclosures showing stakes in WCI owned by Carl Icahn and Bill Gates.
WCI Communities, Inc., named America's Best Builder in 2004 by the National Association of Home Builders and Builder Magazine, has been creating amenity-rich, master-planned lifestyle communities since 1946.
Run by Steven A. Cohen, SAC Capital is one of the world's largest and most powerful hedge funds.
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