Valueact Holdings, a large shareholder at Allison Transmission Holdings Inc (NYSE:ALSN) reported the purchase of 100,000 shares of common stock on October 15, 2014 in two separate transactions. The first acquisition included 25,000 shares at a unit price of $26.63, and the second, 75,000 shares for $26.8 each. Valueact Holdings now owns a total of 19,125,204 shares, and recorded a total of twenty transactions this month alone.
Valueact Holdings was the largest shareholding institution (amongst those we track) at Allison Transmission Holdings Inc (NYSE:ALSN) by the end of second quarter of the year, and aims at retaining that position. Other minor institutions, like D.E. Shaw and Jeffrey Gates’ Gates Capital Management, reported positive changes in their stock ownership during the same period, 28% and 48% each, for a total of 9,661,092 shares and 6,356,338 shares.
Lawrence E. Dewey, Chairman, President and CEO at Allison Transmission Holdings Inc (NYSE:ALSN) purchase of 11,000 shares in May of 2012, was the last insider purchase, previous to Valueact Holdings’ acquisition binge.
Allison Transmission Holdings Inc (NYSE:ALSN) designs and manufactures commercial and military fully-automatic transmissions.