SAC Capital Boosts Stake in ArthroCare Corporation

SAC Capital Advisors has dramatically boosted its stake in ArthroCare Corporation (NASDAQ:ARTC). The hedge fund, has been in the news lately after former SAC Capital PM Mathew Martoma was arrested on insider trading charges. SAC Capital owned 400,300 shares of ArthroCare Corporation, according to the hedge fund’s 13F filed for the third quarter. As per the latest 13G filing, Steve Cohen through various entites, owns 1,556,096 shares of ArthroCare Corporation, or a 5.6% stake. ArthroCare develops, manufactures and markets products based on its unique Coblation tissue removal technology for Sports Medicine, ENT and Spinal markets. The company is based in Austin, Texas. Last quarter, ArthroCare Corporation (NASDAQ:ARTC). entered into a tolling agreement with…