On Feb. 15, 2013, Alan Fournier, fund manager of Pennant Capital Management, made his third purchase of USAP stock in 2013 so far, acquiring 20,500 shares of Universal Stainless & Alloy Products (USAP) at the average price of $36.09, as reported in the latest Real Time Picks.
With this add of 0.23%, Fournier now owns 1,068,768 shares of USAP. The stock price has not changed since his last purchase on Feb. 6, 2013. USAP closed at $36.22 a share on Feb. 15, up 0.36%. Pennant Capital primarily invests in technology, healthcare, services, industrial goods, consumer goods, financial, basic materials and industrials. As of the end of 2012, Pennant listed 42 stocks at a total value of $4.79 billion. Continue Reading »