By and  on September 3, 2013

Shares of J.C. Penney Co. Inc. rose 1.9 percent Tuesday, to $12.72, after two institutional investors upped their stakes in Penney’s.

According to regulatory filings with the Securities and Exchange Commission, New York City-based Glenview Capital Management said it now holds a 9.1 percent stake in Penney’s, or 20.1 million shares. That makes Glenview the largest institutional stakeholder of Penney’s stock.

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