Alamar Capital Dumps Academy Sports Stake

Alamar Capital Management divests from Academy Sports and Outdoors, selling off 51,636 shares, eliminating a 1.4% stake in the fund. The move leaves their portfolio with top spots held by Vanguard S&P five hundred ETF, now at 23 million dollars. Academy faces soft sales, with same-store sales dropping 1.5% and stock up only 11.4% over the past year. Management anticipates flat to 2% comp growth this year, and investors sold shares due to economic uncertainty. Academys first-quarter earnings, due early June, may impact the retailers outlook. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ed816cd584d08611