1832 Asset Management L.P. Reduces $57M in Gildan Activewear Inc. ($GIL)
Key Points
- 1832 Asset Management L.P. changed its Gildan Activewear Inc. ($GIL) stake by 13.9% last quarter, cutting to 5,834,188 shares worth $354.60 million.
- $GIL last traded around $60.78.
1832 Asset Management L.P. reduced its position in Gildan Activewear Inc. ($GIL) by 13.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,834,188 shares of Gildan Activewear Inc. after selling 939,545 shares during the quarter. 1832 Asset Management L.P.'s holdings in Gildan Activewear Inc. were worth $354.60 million as of its most recent filing.
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About Gildan Activewear Inc.
Gildan Activewear Inc. manufactures and sells various apparel products. The company provides various activewear products, including T-shirts, fleece tops and bottoms, sports shirts, polos, and tank tops under Gildan, Hanes, Gildan Performance, Gildan Hammer, Gildan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, American Apparel, ALLPRO, ComfortWash, BEEFY, Bonds and Champion brands. It also offers hosiery products comprising athletic, dress, casual and workwear socks, liner socks, and socks for therapeutic purposes under Gildan, GoldToe, Signature Gold by GoldToe, GoldToe Edition, Peds, MediPeds, Hanes, and Powersox brands. In addition, the company provides men's and boys' underwear products and ladies' panties under Gildan, Gildan Platinum, Gildan Softstyle, Gildan Performance, BareSoft, Gildan Performance, EZBreeze, Bonds, Berlei, Bras N Things, Polo Ralph Lauren brands. Further, it provides women's lingerie, bras and shapewear under Bali, Playtex, WonderBra, Maidenform, Bonds, Bras N Things, Berle brands. It sells its products to wholesale distributors, screenprinters, and embellishers in North America, Europe, the Asia-Pacific, and Latin America, as well as to retailers in North America, including mass merchants, department stores, national chains, specialty retailers, craft stores, and online retailers; and manufactures products for lifestyle brand companies. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1946 and is headquartered in Montreal, Canada.
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