1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sally Jones
Sally Jones
Articles (580) 

Steven Cohen Boosts ANN

March 07, 2013 | About:

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. (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 (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.

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. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.7/5 (9 votes)


Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Sally Jones

User Generated Screeners

HOLKLSUTop 10 Group Value over Growth
HOLKLSUTop 10 Group Growth Over Value
alexbernal0martin base
patelmhshort screener 1
pbarker46F Score and P/TBV
star1907Good company's
star1907Best dividends charlie
cspunarSpunar Div
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat