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Guru Weekly Real Time Update
Posted by: Monica Wolfe (IP Logged)
Date: July 5, 2013 05:07PM

The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios.

Chuck Royce


Chuck Royce had a busy day on June 30 as he updated his holdings in four companies. Royce bought two new stocks, increased his position in one and reduced his holdings in another. The following four companies are a highlight of Chuck Royce’s real time picks.

Royce increased his holdings in Schweitzer-Mauduit (SWM) 85.1%. The guru bought a total of 1,043,322 shares at an average price of $49.88. Since his buy, the price per share has increased approximately 5%.

Royce’s holdings as of March 31:



Since his most recent buy Royce now owns a total of 2,269,322 shares of SWM, representing 7.23% of the company’s shares outstanding.

The company manufactures and sells paper and reconstituted tobacco products to the tobacco industry as well as specialized paper products for use in other applications.

Schweitzer-Mauduit’s historical price, revenue and net income:



Schweitzer-Mauduit has a market cap of $1.65 billion; its shares were traded at around $52.57 with a P/E ratio of 16.80 and a P/S ratio of 2.00. The dividend yield for Schweitzer-Mauduit is at 1.70%. The company had an annual average earnings growth of 10.1% over the past 10 years.

Chuck Royce decreased his holdings in Dorman Products (DORM) on June 30 by 26.31%. The guru sold a total of 689,942 shares at an average price of $45.63 per share. Since his sell, the price per share has gone up approximately 1%. Royce now owns 1,932,443 shares of Dorman, representing 5.3% of the company’s shares outstanding.

Royce’s holding history as of the end of the first quarter:



The company is a supplier of automotive replacement parts and fasteners and service line products mainly for the automotive aftermarket. It markets approximately 128,000 different automotive replacement parts, fasteners and service line products.

Dorman Products’ historical price, revenue and net income:



Dorman Products has a market cap of $1.68 billion; its shares were traded at around $46.15 with a P/E ratio of 24.10 and a P/S ratio of 2.90. The company had an annual average earnings growth of 16.2% over the past 10 years. GuruFocus rated the company the business predictability rank of 3.5-star.

Chuck Royce made his initial buy into Silvercrest Asset Management Group (SAMG) this past week as the asset management group finalized their IPO. The company announced that their public offering of 4.79 million shares of common stock would be priced at $11 per share. Royce bought a total of 550,000 shares at an average price of $12 per share. Since his buy, the price has dropped approximately 3%.

Silvercrest Asset Management Group is an independent, employee-owned, registered investment advisor which provides asset management and family office services to families and select institutional investors.

Silvercrest Asset Management Group has a market cap of $130.3 million; its shares were traded at around $11.59 with a P/S ratio of 2.40.

Royce also made his first buy into Truett-Hurst (THST) on June 30, after the company closed its IPO on June 25. The company sold 2,700,000 shares of its Class A common stock at a price to the public of $6 per share.

Royce bought a total of 330,000 shares at an average price of $5.90 per share. The price is now down about 5%.

Truett-Hurst is a super-premium and ultra-premium wine sales, marketing and production company based out of the Dry Creek and Russian River Valleys of Sonoma County, Calif. Truett is oftentimes recognized for their work in private label development as well as Truett-Hurst, VML, Bradford Mountain and Healdsburg Ranches brands.

Truett-Hurst has a market cap of $15.1 million; its shares were traded at around $5.56 with a P/S ratio of 1.20.

You can view Chuck Royce’s current portfolio here. Also, check out his undervalued stocks, top growth companies and high yielding stocks.

Mario Gabelli

Mario Gabelli upped his holdings in Cutera Inc. (CUTR) on July 1. Gabelli increased his position by 11.3% by adding 65,000 shares. He purchased these shares at an average price of $8.90 per share. Since his most recent buy, the price per share has increased approximately 3%.

Gabelli’s holding history as of March 31:



Gabelli now owns a total of 640,000 shares of Cutera, representing 4.4% of the company’s shares outstanding.

Cutera is a global medical device company specializing in the design, development, manufacture, marketing and servicing of laser and light-based aesthetics systems for practitioners worldwide.

Cutera’s historical price, revenue and net income:



Cutera has a market cap of $135 million; its shares were traded at around $9.16 with a P/S ratio of 1.70. The company had an annual average earnings growth of 15.5% over the past five years.

Jean-Marie Eveillard

Eveillard increased his holdings in Agnico Eagle Mines (
AEM) on June 30. Eveillard bought a total of 6,849,198 shares representing a 60.58% increase on his holdings. He purchased these shares at an average price of $27.54 per share. Since his buy, the price per share has decreased approximately 2%.

Eveillard’s holding history as of March 31:



Eveillard is now a 10% owner of Agnico. Jean-Marie Eveillard now owns 18,154,432 shares of Agnico Eagle Mines, representing 10.52% of the company’s shares outstanding.

The company is a gold producer with operations located in Quebec and Finland, and exploration and development activities in Canada, Finland, Mexico and the U.S

Agnico Eagle Mines’ historical price, revenue and net income:



Agnico Eagle Mines has a market cap of $4.33 billion; its shares were traded at around $27.03 with a P/E ratio of 18.20 and a P/S ratio of 2.50. The dividend yield for Agnico is at 3.10%. The company had an annual average earnings growth of 29.7% over the past 10 years. GuruFocus rated Agnico the business predictability rank of 4-star.

Agnico Eagle Mines is currently trading at a 52-week low price.

Third Avenue Management

During the second quarter, Third Avenue made their second increase of Encana Corp. (TSX:ECA). Third Avenue made their initial buy into the company during the first quarter 2013. The fund added 300,000 shares at an average price of $18.94 per share. Since their increase the price per share has decreased 6.1% from the average purchase price. Third Avenue now holds on to 1,715,824 shares of Encana, representing 1.4% of their total portfolio.

The holding history of Encana:



Encana is an energy producer that is focused on growing its strong portfolio of diverse resource plays producing natural gas, oil and NGLs. Encana's other operations include the transportation and marketing of natural gas, oil and NGLs.

Encana’s historical price, revenue and net income:



Encana Corp. has a market cap of $13.08 billion; its shares were traded at around $17.79 with a P/S ratio of 2.82. The dividend yield for Encana is at 4.50%.

Third Avenue increased their holdings on Tellabs (TLAB) by 8.97% during the first quarter. The fund added a total of 1,942,435 shares at an average price $2.05 per share. Since the increase, the price per share has dropped 2% from the average purchase price. Third Avenue now owns 23,590,610 shares of Tellabs, representing 2.1% of the fund’s total portfolio.

Historical holding history of Tellabs:



Tellabs designs, develops and supports telecommunications networking products. It generates revenue mainly through the sale of these products to communications service providers worldwide as both stand-alone network elements and as elements of solutions integrated under a common network management system.

Tellabs’ historical price, revenue and net income:



Tellabs has a market cap of $736.5 million; its shares were traded at around $2.03 with a P/S ratio of 0.70. The dividend yield for the company is at 2%.

Third Avenue increased their position in NVIDIA (
NVDA) 8.69% during the first quarter by adding 186,868 shares to their holdings at an average price of $13.81 per share. Since this increase, the price per share has increased 2.1% from the average purchase price. Third Avenue now owns 2,336,868 shares of NVIDIA, representing 1.4% of their total portfolio.

Holding history of NVIDIA as of the end of the second quarter:



NVIDIA is engaged in creating the graphics chips used in personal computers that bring games and home movies to life.

NVIDIA’s historical price, revenue and net income:



NVIDIA has a market cap of $8.24 billion; its shares were traded at around $14.28 with a P/E ratio of 15.40 and a P/S ratio of 2.10. The dividend yield for NVIDIA is at 1.60%. The company had an annual average earnings growth of 8.9% over the past 10 years.

Third Avenue reduced their holdings in Daiwa Securities (TSE:8601)[/url] by 26.02%. The fund sold 5,397,600 shares at an average price of ¥834.84. Since their sell, the price per share has increased approximately 4.9%. Third Avenue currently holds on to 15,343,700 shares of Daiwa, representing 5.8% of their portfolio.

Holding history of Daiwa as of the end of the second quarter:



Daiwa Securities Group Inc. is engaged in providing comprehensive financial services by operating in businesses such as retail and wholesale securities, investment, asset management, as well as system support and research services. Daiwa is the second largest Japanese brokerage company.

Daiwa Securities’ historical price, revenue and net income:



Daiwa Securities has a market cap of ¥1329.97 billion; its shares were traded at around ¥876 with a P/E ratio of 20.28 and a P/S ratio of 2.45. The dividend yield of Daiwa is 1.54%.

During the second quarter, Third Avenue decreased their holdings in Toyota Industries (
TSE:6201)[/url] by 12.86%. They sold 489,500 shares at an average price of ¥3191.40 per share. Since this reduction, the price per share has increased an additional 2.4%. Third Avenue currently holds on to 3,317,200 shares, representing 5.8% of their total portfolio.

Holding history as of the end of the second quarter:





Toyota Industries is a Japanese machine maker. The company was originally a manufacturer of automatic looms, and is the company from which Toyota Motor Corporation developed. The company is the world’s largest manufacturer of forklifts measured by revenues.

Toyota’s historical price, revenue and net income:



Toyota Industries has a market cap of ¥1220.73 billion; its shares were traded at around ¥4115.00 with a P/E ratio of 24.15 and a P/S ratio 0.79. The dividend yield of Toyota is 1.20%. The company had an annual average earnings growth of 9% over the past five years.

You can view the complete list of Guru Real Time activity here. Also, if you haven’t tried the GuruFocus premium membership, try a free 7-day trial here.



Guru Discussed: Chuck Royce: Current Portfolio, Stock Picks
Jean-Marie Eveillard: Current Portfolio, Stock Picks
Stocks Discussed: SWM, DORM, SAMG, THST, CUTR, AEM, TSX:ECA, TLAB, NVDA, TSE:,
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