GT Advanced Technologies Inc (GTAT) President And CEO Lowers Stake In The Company

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GT Advanced Technologies Inc (NASDAQ:GTAT), saw it’s President and CEO Thomas Gutierrez reduce his exposure with the company. Gutierrez disposed of 9,232 shares of common stock at an average of $19.1149 per share, and now holds a total of 168,899 shares in the company.

This is not Gutierrez’s first move of this nature, as he has dropped more than 150,000 shares since May of this year in GT Advanced Technologies Inc (NASDAQ:GTAT), the $2.68 million market cap corporation described as a diversified technology company with crystal growth equipment and solutions for the global solar, light emitting diode (LED) and electronics industries.

The major hedge funds involved with the company have shown movement in their activity as well. Ken Griffin‘s Citadel Investment Group reported a 167% boost last quarter, and now has 60,150,000 shares worth approximately $138 million; while Kerr Neilson‘s Platinum Asset Management went the other direction, posting a 34% decline over the last quarter, now holding 3,208,108 shares worth about $54.6 million.

Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.

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