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Posted July 05. 2014 5:57PM

GT Advanced Technologies Inc (GTAT) president and CEO Lowers stake in the company

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GT Advanced Technologies Inc (NASDAQ:GTAT), saw it’s President and CEO Thomas Gutierrez reduce his exposure with the company. Gutierrez disposed of 9,232 shares of common stock at an average of $19.1149 per share, and now holds a total of 168,899 shares in the company. The major hedge funds involved with the company have shown movement in their activity as well. Ken Griffin‘s Citadel Investment Group reported a 167% boost last quarter, and now has 60,150,000 shares worth approximately $138 million; while Kerr Neilson‘s Platinum Asset Management went the other direction, posting a 34% decline over the last quarter, now holding 3,208,108 shares worth about $54.6 million.