Steven Cohen‘s hedge fund SAC Capital disclosed, in two new filings with the SEC, moves into KAR Auction Services Inc (NYSE:KAR), and Armstrong World Industries, Inc. (NYSE:AWI). In KAR Auction, SAC now holds around 7.2 million shares, the position surging from 2.1 million shares reported in SAC’s latest 13F. The stake amasses 5.2% of the company.
The second filing revealed that SAC and Mr. Cohen own some 3.8 million shares of Armstrong World Industries, up from 581,482 shares disclosed in SAC’s 13F filing. The position represents 7% of the company’s common stock.
