UPDATE: SAC Capital discloses new 5%+ stakes in ZLC, CEPH, CYMI, COOL
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UPDATE: In various 13G filings after the close of trading Monday, Steve Cohen's SAC Capital disclosed a number of new 5%+ 'passive' stakes.
Zale Corporation (NYSE: ZLC): Disclosed a 5.1% stake (2,484,200 shares). This is up from the 29,000 share stake the firm held at the quarter ended 06/30/07.
Cephalon Inc. (Nasdaq: CEPH): Disclosed a 5.1% stake (3,418,313 shares). This is up from the 119,545 share stake the firm held at the quarter ended 06/30/07.
Cymer Inc. (Nasdaq: CYMI): Disclosed a 5.3% stake (1,794,280 shares). This is up from the 25,852 share stake the firm held at the quarter ended 06/30/07. (The firm also held debt at the end of the quarter)
Majesco Entertainment Co. (Nasdaq: COOL): Disclosed a 6.4% stake (1,841,028 shares). This is up from the 960,000 share stake the firm held at the quarter ended 06/30/07.
According to Stockpickr.com, "SAC Capital Partners is a $12 billion dollar group of hedge funds founded by Steven A. Cohen in 1992. While SAC closely guards its returns, published reports and people who have seen the fund's letters to its investors say that SAC had a gross return, before its fees, of at least 40 percent in every year since inception, making it astoundingly successful." Link to SAC Portfolio
Zale Corporation (NYSE: ZLC): Disclosed a 5.1% stake (2,484,200 shares). This is up from the 29,000 share stake the firm held at the quarter ended 06/30/07.
Cephalon Inc. (Nasdaq: CEPH): Disclosed a 5.1% stake (3,418,313 shares). This is up from the 119,545 share stake the firm held at the quarter ended 06/30/07.
Cymer Inc. (Nasdaq: CYMI): Disclosed a 5.3% stake (1,794,280 shares). This is up from the 25,852 share stake the firm held at the quarter ended 06/30/07. (The firm also held debt at the end of the quarter)
Majesco Entertainment Co. (Nasdaq: COOL): Disclosed a 6.4% stake (1,841,028 shares). This is up from the 960,000 share stake the firm held at the quarter ended 06/30/07.
According to Stockpickr.com, "SAC Capital Partners is a $12 billion dollar group of hedge funds founded by Steven A. Cohen in 1992. While SAC closely guards its returns, published reports and people who have seen the fund's letters to its investors say that SAC had a gross return, before its fees, of at least 40 percent in every year since inception, making it astoundingly successful." Link to SAC Portfolio
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