Investment Manager Adds New Position Valued at Nearly $100 Million, According to Latest SEC Filing

Zimmer Partners initiated a new position of 2,735,400 shares, an estimated $98.61 million trade based on the quarterly average price. This denotes an institutional-sized buy that signals positioning interest but is unlikely to materially move the market on its own.

Analysis

Zimmer Partners initiated a new position of 2,735,400 shares, an estimated $98.61 million trade based on the quarterly average price. This denotes an institutional-sized buy that signals positioning interest but is unlikely to materially move the market on its own.