Cascades’ largest institutional shareholder has just increased its stake in the Kingsey Falls paper mill.
Montreal asset manager Letko Brosseau purchased more than two million dollars in shares of Waterfalls during the session of August 30.
Letko Brosseau purchased a batch of 260,300 shares that day, according to a document filed this month with regulatory authorities. It is specified that Letko Brosseau began the month of September with a 12.7% stake in Cascades. This participation stood at 10.2% earlier this year.
With only one trading session left in September between now and the beginning of October, the star of the month on the Toronto Stock Exchange is Laval Pharmaceuticals Bausch Health. Its stock is up 40% in September. The other big Quebec winners of the month in Toronto are Velan (+39%), Lightspeed (+30%), Aya Gold & Silver (+22%) and Innergex (+16%).
Among losers, September is a month to forget for BRP (-16%), Band ADF (-16%), Lion (-10%), Haivision (-10%) and Deckchair (-10%). On the NASDAQ, Quebec securities of Marine Vision (-78%) and LeddarTech (-30%) also went through a difficult month.
TD analyst Michael Tupholme this week listed the nameAtkinsRealis on the firm’s list of the best investment ideas in the country. He says he is optimistic about the prospects of the Montreal engineering firm formerly called SNC-Lavalin and considers the current valuation attractive.
The executive chairman of the board and former CEO of Savaria took advantage this week of the recent stock market surge in the shares of the Laval company specializing in accessibility for people with reduced mobility to sell more than $41 million worth of shares. Marcel Bourassa sold two million shares on Monday at a unit price of $20.63. He remains Savaria’s largest shareholder with a stake of approximately 16%. His stake was approximately 19% before this transaction, which he says he made for personal reasons, for family estate planning purposes and to support philanthropic works. Savaria’s stock is up 43% this year.
Major shareholder of Knight Therapeuticsthe Armoyan family sold $1.8 million in shares of the Montreal pharmaceutical company in mid-September. A lot of 300,000 shares was sold at a unit price of $6.13 on September 16.
An insider at Dollarama has just sold nearly $700,000 worth of shares in the Montreal retailer. The Chief Information Officer and Executive Vice President at DollarcityNicolas Hien, sold a lot of 5,167 shares on September 17 at a unit price of $135.18. There are no more Dollarama shares left in the account where the securities sold were held. Dollarcity is a Latin American retailer in which Dollarama has a majority stake.
A major shareholder of Supremex has just purchased more than $75,000 worth of shares from the Montreal manufacturer of envelopes and packaging products. George Christopoulos purchased a total of 20,000 shares during the sessions of September 9 and 11. According to the most recent statements available, he controls approximately 11% of Supremex’s outstanding shares.
Quebec titles of Bomber, Dollarama, Lassonde, Transcontinental, Cogeco Communications, Gildan, Quebecor, WSP, Power Corporation, Aya Gold & Silver And iA Financial Group all hit a 52-week high this week on the Toronto Stock Exchange.
On the other hand, that of the Montreal tour operator Deckchair fell this week to a new floor price.