Robert Jaffe‘s Force Capital has liquidated its position in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), according to a recent filing with the Securities and Exchange Commission. Previously, Jaffe’s fund owned 1.2 million shares of the equity, which was 5.6% of all outstanding stock.
The news comes after the retailers stock plummeted more than 45% during the past year. Indeed, SHOS is down more than 12% since the beginning of 2014. However, the last 12 months have seen 15 insider purchases against only one insider sale of the company.
Force Capital is a US long-short equity firm that specializes in deep fundamental research in middle-market companies in financial, consumer and industrial sectors. Mr. Jaffe’s favorite stocks are General Motors Company (NYSE:GM), which the funds owns 849 thousand shares of, CSX Corporation (NYSE:CSX), which the fund owns 1.1 million shares of, and Charter Communications, Inc. (NASDAQ:CHTR), which Force Capital is long to the tune of 204 thousand shares.
Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) recently made headlines when the company and its subsidiaries are decided to donate over $200,000 to first responders. The company partnered with the National Volunteer Fire Council (NVFC) in its “Salute to Local Heroes” campaign to provide fire and EMS departments with critical funds to improve resources for training and equipment, as well as overall financial support.
Other funds invested in Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) include Edward Lampert‘s ESL Investments, which owns 5.7 million shares, Tremblant Capital, managed by Brett Barakett, which owns 939 thousand shares, and Debra Fine‘s Fine Capital Partners, which owns more than 886 thousand shares of the stock.