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SCSF Equities cuts stake in Pier 1
By Lisa Kerner
Charlotte, N.C., April 22 - SCSF Equities, LLC reported beneficial ownership of 6,042,104 shares of Pier 1 Imports, Inc., or about 6.8% of the company's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors sold 757,800 shares of Pier 1 between April 17 and April 21 at an average price per share of $7.78 to $7.90.
Pier 1 is a Fort Worth, Texas, specialty retailer.
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