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.
Steven Cohen‘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.