Calumet Exit: What a $7 Million Sell-Off Signals for a Struggling Energy Stock

New York City-based Alta Fundamental Advisers fully exited its position in Calumet (NASDAQ:CLMT) in the third quarter, reducing its holdings by 459,937 shares in a $7.25 million change, according to a November 13 SEC filing.According to an SEC filing dated November 13, Alta Fundamental Advisers sold all 459,937 shares of Calumet held at the end of the previous quarter. The sale reduced the fund’s stake from a significant position, removing a holding that previously accounted for approximately 3.71% of its reportable assets under management.Top holdings after the filing:  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool