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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

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