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Steven Cohen, SAC Capital Add To Their Stake in The Fresh Market Inc (TFM)

Steven Cohen and SAC Capital have raised their position in The Fresh Market Inc (NASDAQ:TFM). According to a new filing, Mr. Cohen owns over 2.4 million shares of the company, which represent  5.1% of the common stock, while SAC holds 778,950 shares out of this amount. In the latest 13F, SAC revealed holding just around 6,300 shares of the company. The holding owned by Mr. Cohen has a value of $96.7 million, at the current share price of the company.


The stock of The Fresh Market Inc (NASDAQ:TFM), has declined by almost 18% since the beginning of the year, sporting a P/E of around 27.6. The company reported a 13.4% on the year growth in its net sales, which totaled $364.5 million in the third quarter. The net income also went up to $11.1 million, from $10.9 million a year ago.

In the latest round of 13F filings, several hedge funds disclosed holding shares of The Fresh Market Inc (NASDAQ:TFM). As follows, Millennium Management, led by Israel Englander, held around 1.2 million shares at the end of September, worth $55.8 million. Mariko Gordon’s Daruma Asset Management and Jim Simons’ Renaissance Technologies, disclosed $45.2 million, and $20.5 million stakes, which contained 956,104 shares, and 433,300 shares respectively.

Among the recent moves made by Steve Cohen and SAC, we can mention their new stake in Tile Shop Holdings, Inc. (NASDAQ:TTS), which amasses 5.0% of the common stock. Also, they have reported holding around 1.84 million shares of Clearwater Paper Corp (NYSE:CLW), SAC previously disclosing 1.79 million shares in its latest 13F.

In the latest 13F SAC revealed significantly boosting its position in Yahoo! Inc. (NASDAQ:YHOO), by 764%. SAC currently owns 7.5 million Yahoo! shares with a reported value of 251 million. The fund’s second biggest position is Micron Technology, Inc. (NASDAQ:MU), in which it owns 12 million shares valued at $212 million.

Disclosure: none

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