Fund Bets $69 Million on Beaten-Down PAR Technology Stock — Is This the Turning Point?

Seattle-based wealth advisory Progeny 3 reported the acquisition of PAR Technology Corporation shares in its November 14 SEC filing, but the position value decreased by $34.3 million from quarter to quarter.According to a filing with the Securities and Exchange Commission dated November 14, Progeny 3 ncreased its stake in PAR Technology Corporation (NYSE:PAR) by 249,923 shares during the third quarter. The post-trade position totaled 1.7 million shares, with a quarter-end reported value of $68.6 million. This change brought the PAR stake to 3.5% of the fund’s $1.9 billion in reportable U.S. equity assets.Top holdings after the filing:  Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool