Core Insights - Coliseum Capital Management increased its stake in NCR Atleos by nearly 1.1 million shares in Q3, raising its investment by approximately $60 million, bringing the total position to 2.7 million shares valued at $106.3 million as of September 30 [2][3][7] Company Overview - NCR Atleos operates in the financial technology sector, focusing on self-service banking solutions, including ATMs and payment network services, with a global presence [6][9] - As of the latest market close, NCR Atleos shares were priced at $37.07, with a market capitalization of $2.7 billion and a revenue of $4.3 billion for the trailing twelve months (TTM) [5] Financial Performance - NCR Atleos reported $1.1 billion in revenue for Q3, reflecting a 4% year-over-year increase, while net income rose by 24% to $26 million [12] - The company's ATM-as-a-service business saw a nearly 40% growth, indicating rising demand and the addition of new customers in the Middle East and Latin America [12] Investment Implications - Coliseum's increased stake represents 10.4% of its reported equity assets, making NCR Atleos the fund's third-largest holding, which reflects a significant allocation in a high-conviction portfolio [4][11] - The timing of the investment is notable as NCR Atleos stabilizes post its 2023 spin-off from its digital commerce business, with recent growth and service momentum providing a clearer outlook for the standalone company [10]