SAC Capital Raises Stake in Source Interlink (SORC) to 5.4%
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In a 13G filing just released to the SEC, SAC Capital disclosed a 5.4% stake (2.8 million shares) in Source Interlink (Nasdaq: SORC). This is up from the 2.5 million share stake the investment firm disclosed in a quarterly regulatory filing.
Source Interlink Companies is a leading marketing, merchandising and fulfillment company of entertainment products including DVDs, music CDs, magazines, books and related items.
Run by Steven A. Cohen, SAC Capital is one of the world's largest hedge funds.
Shares of Source Interlink are up 2.23% to $10.99 in early action Tuesday.
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