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. (NYSE:ANN) 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. Steven Cohen’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 (NYSE:ANN).
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 0.55.
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