Atlantic Investment Management Boosts Stakes in Owens-Illinois Inc (OI) & Triumph Group Inc (TGI)


Led by Alexander Roepers, Atlantic Investment Management significantly increased its position in Triumph Group Inc (NYSE:TGI). A recent 13D filing with the SEC shows that the fund now owns 2.81 million shares –  5.40% of the company’s total common stock outstanding. Previously, Atlantic Investment held around 205,000 shares of Triumph Group. The fund also upped its activist stake in Owens-Illinois Inc (NYSE:OI). The stake amounts to 8.80 million shares (5.30%) of the company, up from the earlier position of nearly 6.68 million.


Triumph Aerostructures GroupTriumph Group Inc (NYSE:TGI) serves original equipment manufacturers of aircraft and aircraft components, commercial and regional airlines, and air cargo carriers. The company is engaged in the design, engineering, manufacturing, and distribution of a portfolio of aero-structures, aircraft components, accessories, sub-assemblies, and systems.

The stock of the company lost 11.00% of its market value, year to date, currently trading at around $67.50 per share. In 2013, the company delivered earnings of almost $4.00 per share and is expected to generate $5.71 per share this year. The average analyst recommendation for the company’s stock is ‘Overweight.’ Another fund, which holds a considerable stake in Aerostructures GroupTriumph Group Inc (NYSE:TGI) is Andreas Halvorsen‘s Viking Global, its holding amassing more than 3.55 million shares.

Incorporated in March, 1987, Owens-Illinois Inc (NYSE:OI) manufactures glass containers for beer, ready-to-drink low alcohol refreshers, spirits, wine, and other. It owns 81 glass manufacturing plants located in 21 countries.

Owens-Illinois Inc (NYSE:OI)’s shares gained approximately 16.00% in the past 12 months, currently quoted at around $33.30 per share. Last year, the company generated net income of $202.00 million ($1.23 per share), compared to the income of $186.00 million ($1.13 per share) produced in 2012. Estimating the company to deliver earnings of $2.97 in 2014, market experts provide a target price of $38.36 per share for its shares. Managed by Robert Rodriguez and Steven Romick, First Pacific Advisors Llc owns more than 6.15 million shares of Owens-Illinois Inc.

Baker Hughes Incorporated (NYSE:BHI), a company operating in the oilfield services industry, represents the largest share (around 20.00%) in Atlantic Investment Management’s equity portfolio. The fund owns more than 4.76 million shares of the company, the position currently valuing around $333.00 million.

Disclosure: none