Ken Griffin And Citadel Further Increase Stake In PHH Corporation (PHH)

Ken Griffin is still optimistic about the prospects of PHH Corporation (NYSE:PHHand has further increased his investment in the company. As reported in a recent filing with the Securities and Exchange Commission, Griffin and his fund, Citadel Investment Group, have upped their stake by 1.54 million shares, taking it to 5.51 million shares or 9.6% of the company’s common stock. At the end of June, Citadel and Griffin have more than doubled their holding of PHH Corporation (NYSE:PHH).


Daniel Lewis, the manager of Orange Capital, is also a fan of PHH Corporation (NYSE:PHH) and has increased their holding of the stock by 3% during the first quarter of 2014. In its latest 13F filing, Orange Capital has reported ownership of 3.45 million shares. Emanuel J. Friedman is another manager who likes this stock, having initiated a new position for his fund during the same period. EJF Capital has built a 4.18 million shares position according to its latest 13F report. Larry Robbins, the manager of Glenview Capital, is also keeping tabs, with his fund reportedly holding 2.8 million shares.

Disclosure: none.

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