Clint Carlson’s Carlson Capital disclosed on December 21th that it now has 7.16 million shares in Sunrise Senior Living Inc. (SRZ). Carlson Capital also filed for its recent insider trading activities in SRZ. The firm bought 1.69 million shares through December 19 to 21, at the prices between $4.80 and $5.53 per share. Approximately the firm has 12.5% stake in SRZ now. Carlson Capital reported 5.36 million shares in SRZ at the end of the third quarter, so its position is up by nearly 34%. SRZ is currently trading at $6.01, up 2% in 2011.
Beside Carlson Capital, Israel Englander reported 2.21 million shares in SRZ in the third quarter. Phill Gross and Robert Atchinson’s Adage Capital Management had 1 million shares.
Based on Carlson Capital’s official website, Carlson Capital, L.P. is “an alternative asset management firm. Founded in 1993 by Clint Carlson, the firm currently manages over six billion dollars across multiple hedge fund products. Based in Dallas, Carlson is an independently owned registered investment advisor with offices located in New York, Greenwich CT, London, and Houston. The firm rests on three pillars: philosophy, people, and process.”
According to Google Finance, Sunrise Senior Living, Inc. “is a provider of senior living services in the United States, Canada and the United Kingdom. The Company offers a range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer’s and other forms of memory loss, nursing and rehabilitative care.”