Glenview Capital Sells Shares of These Companies in Third Quarter

Wall St. Watchdog reveals information regarding significant reduction in shares for Glenview Capital Management’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • State Street Corp. (NYSE:STT): On 06/30/2011, Glenview Capital Management reported holding 1,999,700 shares. On 09/30/2011, Glenview Capital Management reported holding 550,000 shares. The net reduction in shares for this position is 1,449,700 or 72.5%. About Company: State Street Corporation services institutional investors and manages financial assets worldwide. The Company’s products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.
  • Expedia Inc. (NASDAQ:EXPE): On 06/30/2011, Glenview Capital Management reported holding 7,178,472 shares. On 09/30/2011, Glenview Capital Management reported holding 2,042,674 shares. The net reduction in shares for this position is 5,135,798 or 71.54%. About Company: Expedia, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies.
  • Family Dollar Stores Inc. (NYSE:FDO): On 06/30/2011, Glenview Capital Management reported holding 1,196,040 shares. On 09/30/2011, Glenview Capital Management reported holding 829,089 shares. The net reduction in shares for this position is 366,951 or 30.68%. About Company: Family Dollar Stores, Inc. is a national discount store chain. The Company operates stores located throughout the United States that offer merchandise that includes consumables, home products, apparel and accessories, seasonal and electronics.
  • Citigroup Inc. (NYSE:C): On 06/30/2011, Glenview Capital Management reported holding 4,232,610 shares. On 09/30/2011, Glenview Capital Management reported holding 3,252,710 shares. The net reduction in shares for this position is 979,900 or 23.15%. About Company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • American International Group Inc. (NYSE:AIG): On 06/30/2011, Glenview Capital Management reported holding 9,754,453 shares. On 09/30/2011, Glenview Capital Management reported holding 7,967,653 shares. The net reduction in shares for this position is 1,786,800 or 18.32%. About Company: American International Group, Inc. is a holding company which, through its subsidiaries provides a varied range of insurance and insurance-related activities in the United States and abroad. The Company’s main activities include both general insurance and life insurance & retirement services operations as well as financial services and asset management.

(Note: Data regarding Glenview Capital Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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