Altman’s Owl Creek Discloses Smith & Wesson Stake After NewtownBrooke Sutherland
Owl Creek Asset Management LP, the hedge fund led by Jeffrey Altman, disclosed a 2.4 percent stake in gunmaker Smith & Wesson Holding Corp. after the massacre of school children in Newtown, Connecticut.
The fund purchased 1.62 million Smith & Wesson shares in the fourth quarter, according to a regulatory filing today from New York-based Owl Creek. The filing didn’t show the dates on which the shares were acquired. Dan Sapadin, Owl Creek’s chief operating officer, didn’t immediately return a call for comment on the new holding.
Twenty children and six educators were slain at Sandy Hook Elementary School on Dec. 14, spurring lawmakers to seek stricter gun-control measures. Shares of Springfield, Massachusetts-based Smith & Wesson have climbed 12 percent this year and are little changed since the day before the shootings.