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.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

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!