Jeffrey Smith Finds Time To Augment One Of His Top Targets Of 2015

The restructuring plan that Brink’s Company (NYSE:BCO)’s management announced in December of last year, with the aim of delivering $45 million-to-$50 million in year-over-year savings seems to be largely on track and is also perhaps one of the main reasons that has led to Starboard’s interest in the company.

Professional money managers were generally bullish towards Brink’s Company (NYSE:BCO) during the second quarter. Among the over 700 funds that we track, a total of 23 had $486.88 million worth of aggregate holdings in the company at the end of June. This represented about 34% of the company’s market value and marked a significant rise from a total of 15 funds holding about $402 million worth of the company’s shares at the end of March. On the heels of Starboard in terms of the top investors of Brink’s within our database are Scopia Capital, which is managed by Matt Sirovich and Jeremy Mindich, and Mario Gabelli‘s GAMCO Investors. Their respective holdings amount to 3.98 million shares valued at $117.14 million and 2.73 million shares valued at $80.49 million.

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