Why One Fund Put 12.6% of Its Portfolio Into Axalta — and What $294M EBITDA Says About the Stock

This fund just made Axalta one of its largest bets—here’s why its latest results may explain the move.New York City-based Atlantic Investment Management disclosed a new position in Axalta Coating Systems (AXTA 2.60%) in its November 14 SEC filing, acquiring 764,000 shares valued at approximately $21.9 million.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Atlantic Investment Management initiated a new position in Axalta Coating Systems, acquiring 764,000 sh ...