Robotti-led investors up stake in Fleetwood Enterprises with purchase of 1.7 million shares

By Lisa Kerner

Charlotte, N.C., June 27 - Fleetwood Enterprises, Inc. investors led by Robert E. Robotti and Robotti & Co., LLC reported the purchase of 1.7 million shares of the company's stock on June 20 priced at $3.40 per share.

Robotti and its affiliates sold 4,650 shares of the company's stock on June 24 for $3.50 per share, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

The investors beneficially own 5,135,215 shares, or 6.73%, of the company.

On June 13, Robotti reported a 5.4% ownership interest in Fleetwood Enterprises, according to a prior SEC filing.

In the filing, the investors said they intend to communicate with other shareholders and management of Fleetwood about maximizing the value of their shares.

Fleetwood is a Riverside, Calif.-based producer of recreational vehicles and manufactured housing.

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