On March 5, 2013 one of the most successful traders in the
world and founder of SAC Capital Advisors Steve Cohen increased
his stake in Ann Inc. (
) by 347.34%, listing current shares at 2,582,551. The current
price is $28.66, reflecting a 3% change from the average. Ann
Taylor Stores creates an "aspirational luxury brand" for working
women, retailing career and casual women's apparel, shoes and
accessories sold primarily under the Ann Taylor and LOFT brands.
's Holding History of ANN shows a long relationship and a steady
climb from third quarter 2011.
This latest add means that SAC Capital now has a 5.35% stake in
the Ann Taylor Stores (
For current price and detailed analysis on ANN,
[url=http://www.gurufocus.com/gurutrades/ANN ]go here[/url].
Stevie Cohen has a reputation as a highly intuitive billionaire
hedge fund investor. At the end of December 2012, SAC Capital's
portfolio shows 1,581 stocks at a total value of $17.26 billion.
SAC portfolio's top sectors are weighted with EFT, options,
preferred at 29.8%; consumer cyclical at 20.6%; energy at 10.2%;
and healthcare at 8.6%.
The GuruFocus checkup on ANN shows three good signs: Ann Inc. has
enough cash to cover all of its debt. Its financial situation is
stable. The ANN P/B ratio (3.05) is close to one-year low of
2.89, and the ANN P/S ratio (0.6) is close to a one-year low of
GuruFocus "Real Time Picks" reports the stock purchases and sales
that Gurus have made within the prior 2 weeks. The report time
lag can be as short as 2 days after the date of the transaction.
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