Alexander Roepers’ Atlantic Investment Management buys more activist shares in $OI

Alexander Roepers’ Atlantic Investment Management increased its activist position in Owens-Illinois, Inc. (OI) to 8.4 million shares. According to its 13D filing on October 12th, Atlantic Investment Management now controls 5.1% activist stake in OI. In the second quarter, Atlantic Investment Management reported 6.35 million shares, or 3.86% stake in OI, so this is a more than 30% expansion. OI has a poor performance in the third quarter. The stock has decline by 40% year to date, subject to a big crash in August. Atlantic Investment Management might enter at about $15 after stock recovered from its 2-year low. Now OI has rallied 3 days and is trading at around $18.

Alexander RoepersOI was owned by eighteen hedge funds in the second quarter, when Atlantic Investment Management had significant more shares than the others. Robert Rodriguez and Steven Romick’s First Pacific Advisors took the second place and had 2.89 million shares, giving a 1.75% stake. Thomas E. Claugus’ Gmt Capital had 2.30 million shares, or 1.39% stake. Several famous hedge fund manager also had some positions in OI, including Steven Cohen with 181 thousand shares, and Ken Griffin with 109 thousand shares.

Atlantic Investment Management is under Alexander Roepers. Before Alexander Roepers started this New York-based firm in 1988, he spent six years in the industrial world. In February 1993, he started AJR International, an offshore hedge fund which had a more active trading style. One year later, he started Quest Capital Partners, LP. In 1996, he launched Cambrian Fund Ltd. His two main strategy each gave him 22.2% and 33.2% annual return since 1992.

Owens-Illinois, Inc. engages in manufacturing and selling glass containers in Europe, North America, South America, and the Asia Pacific. The glass containers produced by the company are mainly used for beer, refreshers, spirits, wine, food and other soft drinks and beverages. The company was founded in 1903, with its headquarter located in Perrysburg, Ohio.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!