Why One Hedge Fund Just Put $246 Million Into This Life Sciences Supplier

New York City-based Engine Capital Management disclosed a buy of 14.2 million shares of Avantor (NYSE:AVTR), increasing its stake by an estimated $172 million in the third quarter, per a November 14 SEC filing.According to a Securities and Exchange Commission (SEC) filing dated November 14, Engine Capital Management, LP increased its position in Avantor (NYSE:AVTR) by 14.2 million shares during the third quarter. The value of this stake grew by approximately $172 million, resulting in a post-trade holding valued at $246.1 million as of September 30.Avantor now represents 29.2% of Engine Capital Management’s 13F AUM.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool