Diamond Hill Capital

Diamond Hill Capital

Last Update: 11-09-2016

Number of Stocks: 164
Number of New Stocks: 7

Total Value: $16,182 Mil
Q/Q Turnover: 6%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Diamond Hill Capital Watch

  • 3 Stocks That Have Gotten Cheaper in Market's All-Time High

    The Dow, Nasdaq and the S&P 500 stock index soared to record highs this month, fueled by a confluence of Friday’s job report that showed an increase in U.S. wages, a spike in energy prices, a Fed meeting that allayed worry it would raise interest rates and investor optimism that President Donald Trump will improve the economy.

    Markets this trading week completed a two-month run since the U.S. election on Nov. 8 that has included a string of new records. In the past month, Nasdaq rose 3.4%, reaching a record peak Thursday; the S&P 500 gained 2.59% to a new intraday high Friday; and the Dow climbed 3.8%, coming within one point of 20,000 for the first time Friday.


  • Discounted Stocks: Apple, Accenture, Aaron's

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are below the current prices.

    Aaron's Inc. (AAN) is trading at about $32 per share, and the Peter Lynch value gives the stock a fair price of $28.6. It is overpriced by 14%.


  • Bernard Horn Gains 2 Holdings, Cuts 3 Others

    Bernard Horn (Trades, Portfolio) of the Polaris Global Value Fund purchased two new holdings and exited three others in the third quarter.

    Horn founded Polaris Capital Management in 1995. The firm invests in discounted but high-quality stocks in developed and emerging markets. All trades are managed on a team basis using a consistent process and approach. The investment philosophy is based on two basic beliefs: country and industry are important factors in price, and global market fluctuations produce mispriced stocks.


  • Murray Stahl Exits Dreamworks, Buys AMC Networks

    Murray Stahl (Trades, Portfolio) is the chairman of Horizon Asset Management Inc. He is also director of research and co-portfolio manager of the Small Cap Opportunities Fund and the Paradigm Fund. During the third quarter the guru’s largest trades were the following:

    He closed his stake in Dreamworks Animation SKG Inc. (DWA) with an impact of -5.02% on the portfolio.


  • Joel Greenblatt’s Top 3 New Holdings for the 3rd Quarter

    Gotham Asset Management’s Joel Greenblatt (Trades, Portfolio) purchased 219 new positions in the third quarter. His top three new holdings are Danaher Corp. (NYSE:DHR), WestRock Co. (NYSE:WRK) and Kimberly-Clark (NYSE:KMB).

    The guru bought 596,095 shares in Danaher for an average price of $79.95 per share. The transaction had an impact of 0.6% on his portfolio.


  • Abbott Laboratories CEO Buys Stock in Company

    Miles White (Insider Trades), CEO and chairman of Abbott Laboratories (ABT), purchased 369,950 shares in the company in five transations on Nov. 10. The per share price ranged from $40.45 to $40.67.

    Abbott Laboratories is a health care company that provides generic branded pharmaceuticals. The company has a market cap of $57.62 billion.


  • 7 Low P/E Stocks Gurus Are Buying

    Gurus are buying stocks that are trading with low price-earnings (P/E) ratios. Some are undervalued, according to the DCF calculator.

    CalAtlantic Group Inc. (CAA) with a market cap of $3.67 billion is trading with a P/E ratio of 12.43 and a price-sales (P/S) ratio of 0.62. According to the DCF calculator the stock has a fair value of $26.65 while trading at about $30.99; it is overpriced by 16%. The price has dropped by 22% during the last 12 months and is now 28.33% below its 52-week high and 14.91% above its 52-week low.


  • Kimberly-Clark Reports 3rd Quarter Results

    Kimberly-Clark Corp. (NYSE:KMB) released third-quarter results and updated its full-year outlook on Monday.

    The company is known for its portfolio of personal care brands that include Kleenex, Scott and Huggies. Founded in 1872 as a paper mill operator, the company has a long history and a presence in over 175 countries. The company, which is headquartered in Irving, Texas, went public in 1928. The company has three business segments, Personal Care, Consumer Tissue and K-C Professional.


  • Ford Is a Value Trap

    On the surface, Ford (NYSE:F) may look like a buy. Low price-earnings (P/E) ratio (5.8), decent margins, solid earnings and growth in book value make the stock pop up on a lot of value screens. In fact, big investors like Joel Greenblatt (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and Diamond Hill Capital (Trades, Portfolio) all have sizable positions in Ford.

    After 2008, Ford was one of the few large companies that seemed to be on stable footing, especially in the auto industry. After a $30 billion decrease in revenue, the company has grown sales and regained profitability. Since 2009, Ford has earned over $55 billion after taxes, which is actually more than its current market capitalization.


  • Goodyear Tire Among Companies Trading With Very Low PE

    The following are companies with high and growing dividend yields that gurus are buying according to GuruFocus' All-in-One Screener.

    Goodyear Tire & Rubber Co. (GT) is trading with a P/E ratio of 2.90. According to the DCF calculator, the stock has a fair value of $14.34, while it is trading at about $11.77. That means it is overpriced by 152%. The price has risen by 12% during the last 12 months and is now 15.89% below its 52-week high and 19.24% above its 52-week low.


  • Diamond Hill Capital Pares More Than 4 Dozen Stakes in 4th Quarter

    Diamond Hill Capital (Trades, Portfolio) reduced more than four dozen of its holdings in the fourth quarter. Most of those reductions were modest, but some were substantial.

    Diamond Hill trimmed its stake in Prudential Financial Inc. (NYSE:PRU), a Newark, New Jersey-based financial services company, by more than 75%, selling 1,940,416 shares for an average price of $82.81 per share. The transaction had a -1.02% impact on Diamond Hill’s portfolio.


  • Stocks in the Spotlight

    Indexes had a nice rebound along with oil on Tuesday on renewed optimism that oil producers will look to curb production in the near future. The problem with this is twofold. For one, Saudi Arabia has been pretty adamant that it plans to keep producing oil in order to preserve market share. Second, more supply is set to hit the market, this time from Iran whose sanctions have been lifted. Neighboring Iraq is also set to increase its oil production from 3.8 million barrels per day to 4 million plus.

    The main stock to watch on Wednesday, Jan. 27, will be Apple (NASDAQ:AAPL) whose shares are down after hours after it reported better-than-expected earnings but missed analyst estimates on revenue. Earnings came in at $3.28 per share on $75.9 billion in revenue vs. analyst expectations of $3.23 per share on revenue of $76.54 billion.


  • NWQ Managers Reduces Stakes in Microsoft, MetLife and Teva Pharmaceutical

    NWQ Managers (Trades, Portfolio) reduced several of its stakes in the third quarter, some by more than 43%.

    It is a value-oriented money management firm with several funds products and more than $54 billion under management. The firm does bottom-up research on companies and industries focusing on qualitative factors such as restructuring, management strength, shareholder orientation and the ability to capitalize on improving industry fundamentals.


  • Diamond Hill Adds to Stake in Automotive Parts Company

    Diamond Hill Capital (Trades, Portfolio)’s bottom-up investment approach produces some good returns via its Small Cap Fund. The Fund posted returns of 4.6% last year, but its best year of late was 2013, when its returns were nearly 40%.

    Diamond Hill’s most significant third-quarter transaction was the addition of 4,592,212 shares to its stake in BorgWarner Inc. (NYSE:BWA), an Auburn Hills, Mich.-based supplier of automotive components and parts, for an average price of $47.22 per share. The transaction had a 1.32% impact on Diamond Hill’s portfolio.


  • Interview: Diamond Hill Managers on Their Process, View on Valeant

    Diamond Hill Capital (Trades, Portfolio) Management follows an intrinsic value-based investing philosophy with a long-term perspective. With this approach, Diamond Hill’s Select (all-cap) strategy has had an average annual return of 7.76% since its inception in 2005, outperforming the benchmark Russell 3000 Index, which had average annual return of 6.88%.

    The Select Fund is managed by Rick Snowdon and Austin Hawley, who joined Diamond Hill in 2007 and 2008. Both managers recently took the time to answer investing questions from GuruFocus about topics ranging from their investing philosophy, to their view on embattled Valeant Pharmaceuticals (NYSE:VRX), the fund’s fourth-largest holding as of the third quarter.


  • Diamond Hill Capital Buys Tegna, Sells Gannett and EOG Resources

    Diamond Hill Capital (Trades, Portfolio) Management is a registered investment adviser based in Columbus, Ohio. Diamond Hill manages a portfolio composed of 152 stocks with a total value of $15,053 million, and the following are the largest trades during the second quarter of 2015.

    It bought 5,431,323 shares of Tegna Inc. (TGNA) with an impact of 1.16% on the portfolio.


  • Diamond Hill Capital Sells Portion of Stake in Steiner Leisure

    Columbus, Ohio-based Diamond Hill Capital (Trades, Portfolio) Management reduced its stake in Steiner Leisure Ltd. (NASDAQ:STNR), a Coral Gables, Fla.-based provider of spa services, maker of spa-related products and accredited educator of students wanting to learn the skills to be a spa professional, by nearly 7% on Sept. 30.

    Diamond Hill Capital (Trades, Portfolio) Management sold 87,979 shares of Steiner Leisure for $63.18 per share. The sale had a -0.04% impact on Diamond Hill’s portfolio.


  • David Tepper's Stocks Trading Below the Peter Lynch Earnings Line

    David Tepper (Trades, Portfolio), a distressed-debt specialist, was once considered to be the hottest investor on Wall Street. His portfolio is now composed of 35 stocks; the following are the ones that are trading below the Peter Lynch earnings line.

    Goodyear Tire & Rubber Co. (GT) is trading at $31.78, and the Peter Lynch earnings line gives the stock a fair price of $147.6, giving the stock a margin of safety of 78%.


  • Diamond Hill Capital to Join GuruFocus for Q&A

    We’re pleased to announce that Rick Snowdon and Austin Hawley of Diamond Hill Capital Management will join GuruFocus for a Q&A in a few weeks. Have questions about their investing philosophies or top holdings? Simply post them in the comments box below.

    Snowdon and Hawley manage the Select Fund at Diamond Hill, focusing on long-term capital appreciation by investing in companies priced below intrinsic value. The fund follows a concentrated strategy and invests across a variety of market caps but typically focuses on companies with a capitalization of at least $500 million.


  • Top Insider Buys of the Week

    The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$1,000,000+” and duration to "August 2015."

    According to the above filters, the following are the recent buys from company insiders over the past week.


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