Southwest Airlines, Universal Technical, and More Stocks See Action From Activist Investors -- Barrons.com

Dow Jones
15 Feb

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Feb. 6 through Feb. 12, 2025. Source: VerityData

Original Filings

Civeo$(CVEO)$ M Partners Fund disclosed a new position in the workforce housing and accommodation specialist of 1,059,848 shares. M Partners Fund reported that it purchased all of those shares from Dec. 9, 2024, through Jan. 31, 2025, at per share prices ranging from $21.60 to $24.56.

Following the latest purchases, M Partners Fund owns 7.7% of Civeo's outstanding stock. Shares of Civeo have gained roughly 9% since the beginning of 2025.

Decreases in Holdings

Alphatec Holdings $(ATEC)$ L-5 Healthcare Partners lowered its stake in the medical technology company to 9,214,698 shares. L-5 Healthcare did so through the sale of 950,000 Alphatec Holdings shares from Dec. 9, 2024, through Feb. 4, 2025, at per share prices ranging from $8.96 to $11.95.

Following the latest sales, L-5 Healthcare Partners continues to own 6.5% of Alphatec's outstanding stock. Shares of Alphatec Holdings have gained roughly 18% in value since the beginning of 2025.

Southwest Airlines$(LUV)$ Elliott Management reduced its stake in the short-haul airline to 53,978,500 shares. Elliott Management sold 5,688,000 Southwest Airlines shares from Jan. 10 through Feb. 6, 2025, at per share prices ranging from $30.48 to $33.53. On Nov. 1, 2024, Southwest appointed five of the director candidates nominated by Elliott in August, which included four former airline CEOs, the same day that Executive Chairman Gary Kelly stepped down from the board. CEO Bob Jordan retained his role.

Following the changes, Elliott Management affirmed its belief that Southwest's revitalized board, governance improvement, and strategic changes can position the company to create long-term shareholder value. Elliott now holds a 9% stake in Southwest. Shares have lost roughly 10% so far this year.

IAMGold$(IAG)$ Resource Capital Fund VII reduced its stake in the intermediate gold producer to 21,537,050 shares. Resource Capital Fund did so through the sale of 3,302,950 IAMGold shares from Feb. 3 through Feb. 4, 2025, at per share prices ranging from $6.51 to $6.53.

Following the latest sales, Resource Capital Fund continues to own 3.8% of IAMGold's outstanding stock, placing it below the 5% threshold that would require it to report further IAMGold sales. Shares of IAMGold have gained roughly 18.5% during the year.

Universal Technical Institute$(UTI)$ Coliseum Capital Management lowered its stake in the educational institution to 6,145,755 shares. Coliseum Capital did so through the sale of 704,881 Universal Technical Institute shares in an open market block trade for $28.20 per share on Feb. 10, 2025.

Following those sales, Coliseum Capital continues to own 11.3% of Universal Technical Institute's outstanding stock. Shares have gained nearly 8% since the beginning of 2025.

Email: editors@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

February 14, 2025 17:08 ET (22:08 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10