Hirzel Capital Management Reiterates the Stake in Aeropostale Inc (ARO)

Hirzel Capital Management, led by Zac Hirzel, reiterated their stake in Aeropostale Inc (NYSE:ARO). According to the filing, the fund currently holds 4.73 million shares. The passive stake amasses 6% of the company’s outstanding common stock.

Aeropostale, Inc. (NYSE:ARO)

 

In mid-November the fund had raised its stake to 4.73 million shares from 4.5 million shares. At that time, the fund disclosed an activist stake and stated that it intends to enter into negotiations with the management of Aeropostale in order to increase the value of the stock for the shareholders. According to the new filing, the nature of the stake has been changed back to passive.

Aeropostale Inc (NYSE:ARO) is a specialty retailer of casual apparel and accessories.  In the first week of January, Aeropostale partnered “with Warner Bros. and Pretty Little Liars costume designer/stylist Mandi Line to launch the Pretty Little Liars Collection by Aeropostale.” Last month the company had partnered with Bethany Mota to launch The Bethany Mota Collection.

For the fourth quarter of 2013, the company expects to post a net loss in the range of $0.24 to $0.32 per diluted share. For fiscal year 2014, the company plans to remodel around 26 Aeropostale stores, and shut down approximately 40 to 50 Aeropostale stores. The total value of the investment is expected to amount to $35.0 million in FY14.

In September, Tiger Consumer Management, led by Patrick McCormack, upped its stake in Aeropostale Inc (NYSE:ARO), to 6.4 million shares, by purchasing some 2.9 million shares. Eminence Capital, managed by Ricky Sandler, also holds some 4.21 shares of the company. Another hedge fund, bullish on the stock is Matt Sirovich and Jeremy Mindich’s Scopia Capital, which holds 3.97 million shares, worth $37.34 million.

Karin Hirtler-Garvey, director at Aeropostale Inc (NYSE:ARO), sold 16,875 shares in August, and currently holds 54,557 shares. Hawaiian Holdings, Inc. (NASDAQ:HA), informed Zac Hirzel in a letter saying it “will take all necessary action to appoint” him as a director before the next meeting of the Board. Following the election to the board, he will become the 13th director. Zac Hirzel has been boosting its stake in Hawaiian Holdings and now holds 5.7 million shares.

Earlier the fund has also invested in WPX Energy Inc (NYSE:WPX) and of which it currently owns 2.5 million shares, worth $48.08 million.

Disclosure: none

Recommended Readings

Dump Your Hedge Funds and Buy This Stock: New Pick Inside

Mario Gabelli is Bullish on The Bon-Ton Stores, Inc. (BONT) & Ups Stake to 8.12%

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!