Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Fairpointe Capital Makes a Couple Monday Moves

In an amended 13G filing with the SEC, Chicago-based Fairpointe Capital now holds 10.8% of Itron, Inc. (NASDAQ:ITRI), a smart meter manufacturer. The company also provides smart grid analytics and from a macro standpoint, it’s a bet on a continuing overhaul of the U.S. electric grid. Shares are up 11% over the past month.

Itron, Inc. (NASDAQ:ITRI)

Fairpointe Capital’s second move of today is a passive stake in educational services provider, DeVry Inc. (NYSE:DV). Fairpointe increased its position in DeVry to 10.45% of the company. The total position size grew from 457,400 shares to 6.11 million. At the current price of DeVry’s stock, the total value of this stake registers at over $200 million.

Disclosure: none

Recommended Reading:

Nevada Capital Cuts Genco Shipping & Trading Significantly

Heartland Advisors Holds 3.7% of This Med-Tech Company

Knight Capital Reports a Small Stake in U.S. Wireless Online

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!