Citadel Raising Stake In AnnTaylor Stores (ANN)

Citadel Investment Group and Ken Griffin have disclosed they have raised their stake in AnnTaylor Stores Corp. ANN to 5.7%, up from 2.7% at the end of the fourth quarter. Shares of AnnTaylor Stores closed at $29.88 yesterday, and are rising in pre-market trading, to over $30 a share. ANN INC. operates as a specialty retailer of women’s apparel, shoes, and accessories primarily in the United States.