Chuck Royce on a Roll of Reductions

By
A A A

The third quarter portfolio of Royce & Associates lists149 new stocks among 1,438 stocks, with a total value of $32.3 billion, and a quarter-over-quarter turnover rate of 6%. Guru Chuck Royce has averaged a return of 24.2% over 12 months. The Royce portfolio's top three sector weightings are technology at 26%, consumer cyclical at 18.2% and financial services at 10.1%. Here's a review of four reductions made by Chuck Royce in the third quarter.

AZZ Inc. ( AZZ ): Reduced

Impacts Portfolio: -0.08%

Up 19% over 12 months, AZZ Inc., a Texas metal fabrication company, has a market cap of $1.12 billion; its shares were traded at around $43.67 with a P/E ratio of 18.80. The dividend is 1.28%.

Guru Action: In the third quarter of 2013, Guru Chuck Royce reduced his position by 45.42%, selling shares at an average price of $37.54. His current shares remain at 752,860.

Royce has averaged a gain of 114% on 2,664,616 shares bought at an average price of $20.39 per share, over a five-year history. Selling 1,293,324 shares at an average price of $37.94 per share, he gained 15%.

Track historical pricing, revenue and net income:



Check out other gurus holding AZZ and active insider trading.

Read about six more of Chuck Royce's high-impact reductions in the third quarter of 2013.

Clearwater Paper Corp. ( CLW ): Reduced

Impacts Portfolio: -0.05%

Up 20% over 12 months, Clearwater Paper Corp., a paper products company, has a market cap of $1.08 billion; its shares were traded at around $49.25 with a P/E ratio of 23.20.

Guru Action: In the third quarter of 2013, Guru Chuck Royce reduced his position by 27.88%, selling shares at an average price of $47.66. His current shares remain at 905,760.

Over a five-year history, Royce has averaged a gain of 64% on 2,296,500 shares bought at an average price of $30.05 per share. Selling, he has averaged a gain of 5% on 1,040,624 shares at an average price of $46.84 per share,

Track historical pricing, revenue and net income:



There are more guru stakeholders of CLW and two recent insider buys.

Ultra Clean Holdings Inc. ( UCTT ): Reduced

Impacts Portfolio: -0.01%

Up 53% over 12 months, Ultra Clean Holdings Inc., a semiconductor company, has a market cap of $202.31 million; its shares were traded at around $7.10 with a P/B ratio of 1.26.

Guru Action: In the third quarter of 2013, Guru Chuck Royce reduced his position by 15.94%, selling shares at an average price of $6.65 per share. His current shares remain at 1,347,814.

Royce has averaged a loss of 27% on 3,491,050 shares bought at an average price of $9.75 per share, over a five-year history. He has averaged a gain of 10% on 1,898,877 shares sold at an average price of $6.47 per share.

Check out the gurus holding UCTT and active insider trading.

Track historical pricing, revenue and net income:



Inter Parfums Inc. ( IPAR ): Reduced

Impacts Portfolio: -0.2%

Up 82% over 12 months, Inter Parfums Inc. has a market cap of $995.05 million; its shares were traded at around $32.31 with a P/E ratio of 6.80. The dividend is 1.36%.

Guru Action: In the third quarter of 2013, Guru Chuck Royce reduced his position by 63.06%, selling shares at an average price of $32.98 per share. His current shares remain at 1,137,140.

Royce has averaged an 11.1% gain on 550,717 shares bought at an average price of $19.40 per share, over a five-year history. He has averaged a gain of 39% on 2,699,595 shares sold at an average price of $23.20 per share.

Track historical pricing, revenue and net income:



There are more gurus holding IPAR along with active insider selling.



Here's Chuck Royce's complete portfolio.



Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

If you are not a Premium Member, we invite you for a 7-day Free Trial . About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: AZZ , CLW , IPAR , UCTT

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Stocks

Referenced

100%
100%
100%
100%

Most Active by Volume

26,859,988
  • $16.07 ▲ 0.37%
24,239,503
  • $102.43 ▲ 0.18%
24,191,969
  • $19.60 ▲ 2.51%
20,199,861
  • $49.54 ▲ 0.22%
17,269,706
  • $34.85 ▲ 0.58%
16,224,058
  • $53.687 ▲ 18.54%
16,139,641
  • $13.1072 ▼ 0.02%
14,125,893
  • $74.7001 ▲ 1.14%
As of 8/29/2014, 01:53 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com