Zale Corporation (ZLC) Added to Merion Investment Management’s Equity Portfolio

0

As a new filing with the SEC showed, Merion Investment Management LP has initiated a 9.0% passive stake in Zale Corporation (NYSE:ZLC). The fund reported ownership of over 3.90 million shares of the company, with an aggregate value of $82.07 million, at the current price of the stock. The stock price of Zale Corporation (NYSE:ZLC) has surged by over 30% since the beginning of the year.

Among other shareholders of the $906 million market cap company is TIG Advisors, managed by Carl Tiedemann and Michael Tiedemann, which initiated a stake during the first quarter and reported ownership of 3.12 million shares of Zale Corporation (NYSE:ZLC) in its latest 13F filing. Keith Meister‘s Corvex Capital has also added the company to its equity portfolio, and owns more than 1.57 million shares as of the end of March.

Disclosure: none

Suggested Reading:

The 10 Top Best-Selling Products of All Time

10 Cheapest Countries to Live in the World

Share.