Steven Cohen Reports 4.9% Stake in American Eagle $AEO

SAC CAPITAL ADVISORSSteven Cohen’s SAC Capital Advisors revealed late yesterday that the firm now has 9.42 million shares of American Eagle Outfitters Inc. (AEO), giving a 4.9% passive stake ownership. This is a 1056% expansion after SAC Capital Advisors reported 814 thousand shares of American Eagle at the end of September, 2011. American Eagle slumped more than 20% in intraday trading on January 5 when the company cut its Q4 outlook. It’s possible that SAC Capital Advisors made the purchase during that price decline, at about $13 per share. Now AEO is trading at about $14.

According to hedge funds’ most recent SEC filings, Chuck Royce’s Royce & Associates was American Eagle’s largest hedge fund stakeholder last year. The firm increased its position by 9% and reported 14.62 million shares of AEO at the end of September. Cliff Asness’ AQR Capital Management had 4.56 million shares, after a 10% decrease. Martin Whitman’s Third Avenue Management initiated a new position of 1.84 million shares during the third quarter, 2011.

Stamford, Connecticut-based SAC Capital is founded by Steven Cohen in 1992. SAC is a diversified hedge fund that uses both fundamental and quantitative analysis based approaches. Cohen is one of the legendary traders and a billionaire. He is estimated to have an $8 Billion new worth. Steve Cohen has $14 Billion in AUM and returned nearly 30% during the past 20 years.

American Eagle Outfitters, Inc. “is an apparel and accessories retailer that operates more than 1,000 retail stores in the United States and Canada, and online at ae.com. American Eagle Outfitters, Inc. offers clothing, accessories and personal care products. Its online business, AEO Direct, ships to 76 countries worldwide”, according to Google Finance.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!