Career Education Corp. (CECO): Blum Capital Further Slashes Its Activist Stake

Avid Technology, Inc. (NASDAQ:AVID)’s popularity among the funds also increased significantly as 15 firms had  $246.16 million worth of stock at the end of the fourth quarter as compared with only two funds with $17.26 million a quarter earlier. After Blum Capital, the largest shareholder of Avid is Derek C. Schrier’s Indaba Capital Management with 2.49 million shares valued at $35.44 million. Avid Technology, Inc. (NASDAQ:AVID)’s fourth quarter financial results were slightly disappointing as net loss per share stood at $0.13 compared to a profit of $0.03 for the same quarter in the previous year. Revenues of $128.19 also came in below the previous year’s figure of $147.1 million.

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