William C. Martin is bullish on 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) and has increased his fund’s stake in this company. As reported in a recent filing with the Securities and Exchange Commission, Martin’s Raging Capital Management has acquired 1.43 million shares to take their investment to a total of 4.24 million shares or 15.6% of the company’s common stock. At the end of June, Martin and Raging Capital had increased their stake through the addition of almost 1 million shares.
Legendary investor Mario Gabelli is also bullish on this stock, having increased his fund’s stake in this company by 15% during the first quarter of 2014. Gabelli and GAMCO hold 720,000 shares of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) according to their latest 13F filing. Ken Griffin also likes this stock and has initiated a new position for his fund during the same period of time. Citadel Investment Group now holds a little over 306,200 shares. There are also hedge fund gurus who prefer to limit exposure to this stock, including Jim Simons. During Q1, Simons and Renaissance Technologies have reduced their investment by 60% to approximately 239,000 shares.