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Stocks Richard Pzena Has Bought for — Quarters

Richard Pzena ( Trades , Portfolio ) is founder and co-chief investment officer of Pzena Investment Management LLC, with more than $24 billion under management. In both fourth quarter 2015 and first quarter 2016 the guru bought shares in the following stocks:

Key Energy Services Inc. ( KEG )

During the fourth quarter, Pzena increased his stake by 297.60% and again bought shares in the company in the first quarter with an increase of 6.01%. The fund currently holds 3.61% of outstanding shares in the company, an onshore, rig-based well servicing contractor. It provides well services to oil companies, foreign national oil companies and independent oil and natural gas production companies.

The company's largest shareholder among the gurus is PzenaAA with 3.61% of outstanding shares followed by Arnold Van Den Berg ( Trades , Portfolio ) with 1.26%, Jim Simons AA ( Trades ,AA Portfolio ) with 1.08%, Chuck Royce ( Trades , Portfolio ) with 0.34%, George Soros ( Trades , Portfolio ) with 0.31%, Jeremy Grantham ( Trades , Portfolio ) with 0.06%, Mario Gabelli ( Trades , Portfolio ) with 0.01% and Paul Tudor Jones ( Trades , Portfolio ) with 0.01%.

TriMas Corp. ( TRS )

During fourth quarter 2015, the guru increased his stake by 0.94% and by 3.19% in first quarter 2016. The fund currently holds 1.19% of outstanding shares in the company, a manufacturer of engineered and applied products serving focused markets in a range of commercial, industrial and consumer applications.

First-quarter net sales from continuing operations decreased 9.5% compared to first quarter 2015, and income from continuing operations was $8.3 million, or 18 cents per diluted share, as compared to income of $11.9 million, or 26 cents per diluted share, in the same quarter of a year before.

Diamond Hill Capital ( Trades , Portfolio ) is the company's second-largest shareholder among the gurus with 0.98% of outstanding shares followed by T Boone Pickens ( Trades , Portfolio ) with 0.45%, JonesAA with 0.3%, and Murray Stahl ( Trades , Portfolio ) with 0.02%.

PHH Corp. ( PHH )

During fourth quarter 2015, Pzena increased his stake by 1.30% and in the first quarter increased his stake 0.58%. The fund currently holds 1.73% of outstanding shares of the company, an outsource provider of mortgage and fleet management services. It provides mortgage banking services to a variety of clients including financial institutions and real estate brokers throughout the U.S.

During the first quarter the unpaid principal balance of the Total Servicing Portfolio increased 4% compared to March 31, 2015, as a 21% increase in the subserviced portfolio was partially offset by a 12% decrease in the capitalized portfolio.

The largest shareholder among the gurus is HOTCHKIS & WILEY with 10.21% of outstanding shares followed by Larry Robbins ( Trades , Portfolio ) with 9.89%, SimonsAA with 0.88%, RS Investment Management ( Trades , Portfolio ) with 0.14% and JonesAA with 0.03%.

Jabil Circuit Inc. ( JBL )

During fourth quarter 2015, the guru

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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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