Yale University’s Graduate Employees and Students Organization, a group enmeshed in a long-running labor dispute with Yale, is claiming victory for its effort to make Yale divest its endowment holdings in the Corrections Corporation of America, a prison company that has been blamed for alleged abuse of inmates. But Yale officials are denying that they changed their minds on the matter.

The holdings in the corrections company were invested through one of the largest hedge funds in the country, Farallon Capital Management, which manages a portion of Yale’s $15.2-billion endowment. According to a filing with the Securities and Exchange Commission this month, Farallon has sold all of its holdings in the controversial company.

After the student activists said Yale had bowed to their demand, a Yale spokesman told Reuters that the university “has made no decisions on the ethics of investing in Correction Corp. of America” and would not comment on whether Yale has any additional direct or indirect holdings in the company.

Drawing attention to the company may have had something to do with the sell-off, even in an indirect way. Zachary Bagdon, executive director of the Yale School of Management’s International Center for Finance, told the Yale Daily News that activism can hamper a stock’s performance. “When people rally to get people to divest in something, that puts downward pressure on the stock,” he said.

Whether the decision came down to profit or ethics doesn’t much matter to the students, though. “At this point, we’re just very, very pleased,” Evan Cobb, of the graduate organization, told the Yale Daily News.