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Posted February 13. 2013 12:00PM

Renaissance Technologies cuts Sturm Ruger stake by 44%

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Renaissance Technologies Corp. has just reduced its stake in gun maker Sturm, Ruger & Company (NYSE:RGR) according to a 13G filed with the SEC. The famous hedge fund now owns 480,900 shares or 2.51% of Sturm, Ruger & Company (NYSE:RGR). A 13F filed at the end of the third quarter showed the hedge fund with a 4.44% stake (the sale is a decrease of approximately 43%).