As Macys INC (M) Valuation Rose, Contrarius Investment Management LTD Raised by $114.44 Million Its Position
Contrarius Investment Management Ltd bought 4.58M shares as the company’s stock rose 8.53% while stock markets declined. The institutional investor held 6.15 million shares of the department and specialty retail stores company at the end of 2017Q4, valued at $155.00M, up from 1.58 million at the end of the previous reported quarter. Contrarius Investment Management Ltd, which manages about $2.01 billion US Long portfolio, decreased its stake in Transocean Ltd (NYSE:RIG) by 308,100 shares to 10.43M shares, valued at $111.44 million in 2017Q4, according to the filing. More notable recent Macy's, Inc. (NYSE:M) news were published by: Bizjournals.com which released: “Exclusive: How Macy’s is overhauling Union Square flagship after selling nearly half its downtown real estate” on May 22, 2018, also Fool.com with their article: “Macy’s Stock Upgraded: What You Need to Know” published on May 22, 2018, Benzinga.com published: “Macy’s Poised For ‘Parade’ Of Beat-And-Raise Quarters, Susquehanna Says In Upgrade” on May 22, 2018.