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Chuck Royce Acquires 56 New Stakes in 4th Quarter

Chuck Royce ( Trades , Portfolio ), president, co-CIO and portfolio manager of Royce & Associates LLC, made 56 new buys in the fourth quarter. Most were fairly modest, but some were more significant.

Royce's most noteworthy new holding was his purchase of a 1,100,621-share stake in Hubbell Inc. ( HUBB ), a Shelton, Connecticut-based electrical and electronic products company. Royce paid an average price of $95.18 per share in a deal that had a 0.66% impact on his portfolio.

Royce's stake is 1.9% of Hubbell's outstanding shares and 0.66% of Royce's total assets. Royce is Hubbell's only shareholder among the gurus.

Hubbell has a P/E of 17.6, a forward P/E of 15.7, a P/B of 3 and a P/S of 1.6. GuruFocus gives Hubbell a Financial Strength rating of 4/10 and a Profitability and Growth rating of 8/10.

Hubbell sold for $89.8 per share Wednesday.

Royce acquired a 1,173,100-share stake in PTC Inc. ( PTC ), a Needham, Massachusetts-based computer software company, for an average price of $35.11 per share. The transaction had a 0.24% impact on Royce's portfolio.

The stake is 1.02% of PTC's outstanding shares and 0.24% of Royce's total assets. Royce is PTC's leading shareholder among the gurus.

PTC has a P/E of 67.6, a forward P/E of 16.2, a P/B of 3.9 and a P/S of 2.6. GuruFocus gives PTC a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.

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PTC sold for $27.78 per share Wednesday.

Royce bought a 796,495-share stake in Fresh Market Inc. ( TFM ), a Greensboro, North Carolina-based chain of gourmet supermarkets, for an average price of $24.59 per share. The deal had a 0.11% impact on Royce's portfolio.

Royce's stake is 1.7% of Fresh Market's outstanding shares and 0.11% of Royce's total assets. Fresh Market's leading shareholder among the gurus is Columbia Wanger ( Trades , Portfolio ) with a stake of 3,567,748 shares. Columbia Wanger ( Trades , Portfolio )'s stake is 7.59% of Fresh Market's outstanding shares and 0.84% of the guru's total assets.

Fresh Market has a P/E of 14.3, a forward P/E of 11.8, a P/B of 2.6 and a P/S of 0.5. GuruFocus gives Fresh Market a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.

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Fresh Market sold for $18.58 per share Wednesday.

Royce acquired an 828,000-share stake in Huntsman Corp. ( HUN ), a chemical products company based in The Woodlands, Texas. Royce paid an average price of $11.88 per share in a transaction that had a 0.06% impact on his portfolio.

Royce's stake is 0.34% of Huntsman's outstanding shares and 0.06% of the guru's total assets. Huntsman's leading shareholder among the gurus is David Tepper ( Trades , Portfolio ) with a stake of 8,037,950 shares. Tepper's stake is 3.27% of Huntsman's outstanding shares and 2.72% of the guru's total assets.

Huntsman has a P/E of 40.9, a forward P/E of 3.3, a P/B of 1.3 and a P/S of 0.2. GuruFocus gives Huntsman a Financial Strength rating of

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This article first appeared on GuruFocus .

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


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

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