In a just filed 13D/A, Seth Klarman’s Baupost Group disclosed in now holds 13.5% of Horizon Lines (HRZ)
Who is Horizon?
Horizon Lines, Inc., formerly known as H-Lines Holding Corp., is a container shipping and integrated logistics company. The Company’s subsidiaries include Horizon Lines, LLC (HL), Horizon Logistics Holdings, LLC (Horizon Logistics) and Horizon Lines of Puerto Rico, Inc. (HLPR). With 21 vessels, 16 of which are fully qualified Jones Act vessels, and approximately 22,000 cargo containers the Company provides shipping and logistics services in its markets. The Company, through its wholly owned subsidiary, Horizon Logistics, offers inland transportation through its own trucking operations on the United States west coast and Alaska, and its integrated logistics services including relationships with third-party truckers, railroads, and barge operators in its markets. The Company ships a spectrum of consumer and industrial items ranging from foodstuffs (refrigerated and non-refrigerated) to household goods and auto parts to building materials and various materials used in manufacturing.
FULL FILING
Disclosure (“none” means no position):NONE
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2 replies on “Seth Klarman Files 13D/A in Horizon Lines”
Do you have any idea, what he sees on that?
just a guess but it is 55% below year high and in an area that demand for its products is growing,,,