PAR Capital‘s stake in Tuesday Morning Corp (NASDAQ:TUES) has been raised according to a recent 13G filing with the Securities and Exchange Commission. The fund, managed by Paul Reeder and Edward Shapiro, has hiked its holding in the stock to 2.26 million shares, giving it ownership of 5.1% of the company’s float. PAR Capital previously held 1.84 million shares of the company as of the end of June.
Tuesday Morning Corporation is a deep-discount retailer, which mainly sells unique home accessories and brand name closeout products. Since the beginning of the year, the company’s stock has lost 11.85%. In its financial report for the fourth quarter of its fiscal year 2016, Tuesday Morning Corporation disclosed a loss per share of $0.09, beating the estimates of a loss per share of $0.13, and revenue of $222.8 million, missing the estimates of $228.5 million.
The number of hedge funds from Insider Monkey’s database long Tuesday Morning (NASDAQ:TUES) dropped by two in the second quarter, as at the end of June there were ten investors long the stock. Among them were Phill Gross and Robert Atchinson’s Adage Capital Management, which held a position valued at $15.41 million, Steve Cohen’s Point72 Asset Management, with a $2.46 million position, Joseph Mathias’ Concourse Capital Management, and John Overdeck and David Siegel’s Two Sigma Advisors.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|PAR Investment Partners||2,263,000||2,263,000||2,263,000||5.1%|
|PAR Capital Management, Inc||2,263,000||2,263,000||2,263,000||5.1%|
Page 1 of 7 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
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(Name of Issuer)
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Sept 14, 2016
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