Fairpointe Capital Makes a Couple Monday Moves

In an amended 13G filing with the SEC, Chicago-based Fairpointe Capital now holds 10.8% of Itron, Inc. (NASDAQ:ITRI), a smart meter manufacturer. The company also provides smart grid analytics and from a macro standpoint, it's a bet on a continuing overhaul of the U.S. electric grid. Shares are up 11% over the past month.

Itron, Inc. (NASDAQ:ITRI)


Fairpointe Capital's second move of today is a passive stake in educational services provider, DeVry Inc. (NYSE:DV). Fairpointe increased its position in DeVry to 10.45% of the company. The total position size grew from 457,400 shares to 6.11 million. At the current price of DeVry's stock, the total value of this stake registers at over $200 million.


Disclosure: none


Recommended Reading:


Nevada Capital Cuts Genco Shipping & Trading Significantly


Heartland Advisors Holds 3.7% of This Med-Tech Company


Knight Capital Reports a Small Stake in U.S. Wireless Online

Sign Up

Get the InvestingChannel
Free e-Letter Today

Learn More

Independent market opinion, analysis and ideas - delivered every business day

Premium market opinions, analysis, and ideas - delivered every business day

Editor's Picks