Connecticut-based Coliseum Capital Management increased its stake in NCR Atleos by nearly 1.1 million shares in the third quarter, raising its position value by $60 million. The fund now holds 2.7 million shares worth $106.3 million, making NCR Atleos its third-largest holding. NCR Atleos operates in financial technology and self-service banking solutions, with $1.1 billion in third-quarter revenue and 24% net income growth. With shares up 13% year-over-year, there is potential for further growth. Coliseum’s increased stake in Atleos demonstrates confidence in the company’s post-spin-off performance.

Read more at Yahoo Finance: Why One Fund Is Betting Big on NCR Atleos Stock with a $106 Million Stake