market folly

Ricky Sandler's hedge fund firm Eminence Capital has filed a 13G on shares of VCA Antech (WOOF).  Per the filing, Eminence has revealed a 5.4% ownership stake in with 4,805,516 shares.

This marks a 40% increase in the number of shares they own since the end of the first quarter.  The filing was required due to portfolio activity on May 28th.

Per Google Finance, VCA Antech is "a national animal healthcare company operating in the United States and Canada. The Company provides veterinary services and diagnostic testing to support veterinary cares. The Company operates in two segments: animal hospital and laboratory. Its all other category includes Vetstreet and Medical Technology operating segments. The Company's animal hospitals offer a range of general medical and surgical services for companion animals, as well as specialized treatments, including advanced diagnostic services, internal medicine, oncology, ophthalmology, dermatology and cardiology."

We also highlighted how Eminence started a new position in another stock recently as well.