Alexander Mitchell’s Scopus Asset Management increased its position in Vitran Corp Inc. (VTNC) to 932,594 shares, or 5.7% passive stake ownership, according to its 13G filing on October 28th. As reported in the second quarter, Scopus Asset Management previously had 245,878 shares in its position. VTNC has a poor path in the third quarter and has dropped by more than 60% year to date. Now the stock is bottoming up from its 2-year low, and is trading at $5.08.
In the second quarter, four hedge funds in our tracking list owned VTNC inn their portfolios. Ken Brodkowitz And Mike Vermut’s Newland Capital took more shares than Alexander Mitchell’s Scopus Asset Management, with about 1.3 million shares in its position.
Alexander Mitchell’s Scopus Asset Management is a New York-based hedge fund, It’s a private company categorized under Business Management. The firm has a $2.68 billion portfolio, and mainly invests in Services and Consumer Goods sector.
Vitran Corporation Inc. engages in freight surface transportation and related supply chain services in Canada and the United States. The company has Less-than-truckload services (LTL) segment and Supply Chain Operation (SCO) segment under operation. The company was founded in 1981 and is based in Toronto, Canada.