Richard Pzena ( Trades , Portfolio ), founder and co-chief investment officer of Pzena Investment Management LLC, manages a portfolio composed of 150 stocks, five of which were acquired in the fourth quarter. Pzena also sold some stakes in the quarter.
The guru acquired 826,469 shares in Seagate Technology PLC ( STX ) with an impact of 0.19% on the portfolio.
The company is a provider of electronic data storage solutions. Its products include hard disk drives, commonly referred to as disk drives, hard drives or HDDs. Hard disk drives are devices that store digitally encoded data on rapidly rotating disks with magnetic surfaces. During the second quarter 2016, the company made solid progress against its core initiatives to bolster its product portfolio, contain costs and return capital to shareholders.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with strong returns of ROE 22.94% and ROA 6.45% that are overperforming 73% of the companies in the Global Data Storage industry. Financial strength has a rating of 7 out of 10 with a cash-to-debt of 0.31 that is below the industry median of 1.24.
First Eagle Investment ( Trades , Portfolio ) is the company's largest shareholder among the gurus with 0.84% of outstanding shares followed by Pzena with 0.28%, NWQ Managers ( Trades , Portfolio ) with 0.07%, John Buckingham ( Trades , Portfolio ) with 0.04%, Manning & Napier Advisors Inc. with 0.01% and Paul Tudor Jones ( Trades , Portfolio ) with 0.01%.
The guru bought 288,472 shares in KKR & Co. LP ( KKR ) with an impact of 0.03% on the portfolio.
The company's business offers a broad range of asset management services to its investors and provides capital markets services to its firm, its portfolio companies and its clients.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with a strong ROE of 8.11% that is overperforming and a weak ROA of 0.67% that is underperforming in the Global Asset Management industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.18.
The company's largest shareholder among the gurus is John Rogers ( Trades , Portfolio ) with 0.6% of outstanding shares followed by Leon Cooperman ( Trades , Portfolio ) with 0.17%, Jim Simons ( Trades , Portfolio ) with 0.13%, Chuck Royce ( Trades , Portfolio ) with 0.13%, First Pacific Advisors ( Trades , Portfolio ) with 0.04% and Tom Gayner ( Trades , Portfolio ) with 0.04%.
The guru acquired 7,862 shares in Chevron Corp. ( CVX ).
The company manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to U.S. and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations and power and energy services. During the fourth quarter it reported a loss of 31 cents per share - diluted compared with earnings of $1.85 per share in the same quarter of a year before.
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This article first appeared on GuruFocus .
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