Thornburg Reduces Stake In Lululemon Athletica Inc. By 72%

Lululemon Athletica Inc. LULU experienced some movement Friday on news that Thornburg Investment Management Inc. reduced its stake in the company.

Thornburg’s August 11 13F filing disclosed ownership of 9,596,914 shares of Lululemon’s Common stock.

Friday’s disclosure showed Thornburg sold over 72 percent of its stake in Lululemon. It now owns 2,660,007 shares with total ownership of the Common stock at 2.3 percent.

Lululemon Athletica Inc. recently traded at $42.21, down 0.35 percent.