Patrick McCormack got rid of his position in J.C. Penney Company, Inc. (NYSE:JCP) in the last quarter. The tiger cub sold 5.42 million shares of the retailer in the three month period ending on Spetember 30. At the same time the hedge fund took profits on Herbalife Ltd. (NYSE:HLF), reducing its position by 63% to 768,252 shares.
Tiger Consumer sells JCP, pockets profit from Herbalife
The other famous stakeholder in J.C. Penney Company, Inc. (NYSE:JCP) who also exited the entire position was Bill Ackman's Pershing Square Capital. The fund sold an 18% position in the company at a major loss. Vornado Realty Trust also Setup a free account to get access to this article (no credit card required).Login required to continue reading.
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