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Obermeyer dumps Kroger stock
Thursday, July 24, 2008
Company dumps Kroger stock, SEC filing shows
Obermeyer Asset Management Co. dumped all 1,075 shares it owned of Kroger Co., according to a filing with the U.S. Securities and Exchange Commission Thursday, July 17.
The Aspen-based investment firm dropped the stock despite the fact that Cincinnati-based Kroger posted impressive second-quarter results, beating analysts expectations by earning $386 million in the quarter ending May 24, a 15 percent increase over the first quarter. Its total shares also increased 7 percent.
With the move, 760 different institutions own Kroger stock.
