Jun. 27 at 12:43 PM
$RXT I love chatGPT and AI!!
The largest holders include:
* Apollo Global Management (by far the largest shareholder, owning roughly 52% of the company)
* BlackRock
* The Vanguard Group
* AQR Capital Management
Given your interest in AI infrastructure, Rackspace is an interesting turnaround story because it is expanding AI-related cloud services, but it also continues to carry significant debt, which remains one of the biggest risks to the investment thesis.
High institutional ownership can indicate that professional investors are involved.
* But it does not necessarily mean those institutions are bullish. Some positions are passive index holdings, some are quantitative strategies, and Apollo’s stake reflects its role as the controlling owner rather than a recent vote of confidence.
After looking at Rackspace, once they can improve their margins, reduce some of that debt and show more operating cash flow/cash on hand this will make the move.
