Lululemon Athletica (LULU) shares fell in trading on Thursday after its sales missed analysts expectations, reports Reuters. Its revenue rose 31% to $230.2 million in the third quarter, falling short of analyst estimates of $235.7 million. LULU closed trading Wednesday at $49.70 to open Thursday at just $42 a share.
The following hedge funds lost the most:
1. Renaissance Technologies – Jim Simons: Lost $8.3 million
2. Jat Capital Management – John Thaler: Lost $3.0 million
3. Tiger Consumer Management – Patrick McCormack: Lost $2.3 million
4. Manatuck Hill Partners – Mark Broach: Lost $1.4 million
5. Vinik Asset Management – Jeffrey Vinik: Lost $1.1 million
6. Hunter Global Investors – Duke Buchan: Lost $1.0 million
7. Driehaus Capital – Richard Driehaus: Lost $495,000
8. Caxton Associates Lp – Bruce Kovner: Lost $410,000
9. Fox Point Capital Management – Charles Anderson: Lost $385,000
10. Aqr Capital Management – Cliff Asness: Lost $373,000
DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in LULU since the end of June. We did not take into account their option positions.