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SCSF Equities continues to cut stake in Pier 1
By Lisa Kerner
Charlotte, N.C., May 2 - SCSF Equities, LLC reduced its ownership interest in Pier 1 Imports, Inc. to 5.3% from 6.8% with the sale of 1,317,100 shares of the company's stock, according to a schedule 13D filed with the Securities and Exchange Commission.
According to the filing, the shares were sold between April 22 and May 1, priced at an average of $7.72 to $8.07 per share.
The investors beneficially own some 4.72 million shares of the Fort Worth, Texas, specialty retailer.
On April 22, SCSF reported the sale of 757,800 shares of Pier 1 between April 17 and April 21 at an average price per share of $7.78 to $7.90, a prior SEC filing said.
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