JHL Capital, Unisys
: James H. Litinsky
's JHL Capital Group just disclosed a 5.2% stake in Unisys Corporation (NYSE:UIS
), an IT services and consulting company. JHL's filing indicated this is a passive investment, not activist, and shares of Unisys are up more than 50% in the past six months.
In its last 13F
, the firm reported holding just over 1.3 million shares of Unisys stock, and the latest move indicates it now holds 2.25 million shares. With JHL's stake now over the 5% threshold, this explains the need for today's filing.
A couple of days ago, Unisys posted its results for the third quarter, showing a net loss of $11.6 million, or $0.3 per share, down from a net loss of $12.4 million posted in the same period of last year.
's SAC Capital Advisors and AQR Capital Management, managed by Cliff Asness
, are also shareholders of Unisys, holding around 1.5 million shares and 603,100 shares respectively at the end of the last 13F filing period.
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