Amid a 13% Stock Slide, a Fund Scales Back Its Lucky Strike Exposure by $9 Million

New York City-based Alta Fundamental Advisers reduced its position in Lucky Strike Entertainment Corporation (NYSE: LUCK) by nearly 1.1 million shares, contributing to an $8.73 million position decrease, according to a November 13 SEC filing.According to a filing with the Securities and Exchange Commission dated November 13, Alta Fundamental Advisers sold nearly 1.1 million shares of Lucky Strike Entertainment Corporation (NYSE: LUCK) during the third quarter. The transaction reduced the fund’s stake in the company by $8.73 million, leaving a remaining holding of nearly 1.1 million shares worth $11.2 million as of September 30.The fund’s LUCK holding now represents 4.78% of reportable assets, down from 10.2% the prior quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool