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Six Royce Reductions in Third Quarter

Sally Jones

Sally Jones

49 followers
Guru Chuck Royce has averaged a return of 17.87% over 12 months. Using a small-cap strategy at Royce & Associate funds, Chuck Royce currently manages 1,438 stocks in total, valued at $32.3 billion. His portfolio has a quarter-over-quarter turnover rate of 6 percent. His portfolio update as of this week shows 149 new stocks.

His top buys, sells and holdings:



Here are six reductions made by Chuck Royce in the third quarter of 2013:

Molex Inc. (MOLXA): Reduced

Impacts Portfolio: -0.97%

Up 80% over 12 months, Molex Inc., an electronics components company, has a market cap of $6.82 billion; its shares were traded at around $38.27 with a P/E ratio of 28.40.

Guru Action: As of Sept. 30, 2013, Guru Chuck Royce reduced his position by 83.03%, selling shares at an average price of $38.30. His current shares remain at 1,675,100.

Royce has averaged a gain of 81% on 9,873,128 shares bought at an average price of $21.17 per share, over a five-year history.

Track historical pricing, revenue and net income:

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Nu Skin Enterprises Inc. (NUS): Reduced

Impacts Portfolio: -0.87%

Up 110% over 12 months, Nu Skin Enterprises Inc., the anti-aging skin and body care company, has a market cap of $5.23 billion; its shares were traded at around $89.26 with a P/E ratio of 22.40.

Guru Action: As of Sept. 30, 2013, Guru Chuck Royce reduced his position by 41.42%, selling shares at an average price of $98.24. His current shares remain at 4,016,905.

In a truly remarkable five-year history of mega-gains, Royce has averaged a gain of 141% on 5,235,750 shares bought at an average price of $37.06 per share. Selling, he has averaged a gain of 164% on 9,163,134 shares bought at an average price of $33.80 per share.

Track historical pricing, revenue and net income:

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PDI Inc. (PDII): Reduced

Down 38% over 12 months, PDI Inc., a business services company for pharmaceutical, biotechnology and health care companies, has a market cap of $67.5 million; its shares were traded at around $4.50 with a P/B ratio of 1.80.

Guru Action: As of Aug. 31, 2013, Guru Chuck Royce reduced his position by 20.31%, selling shares at an average price of $5.12. His current shares remaining are 885,122.

Royce has averaged a loss of 23% on 1,034,521 shares bought at an average price of $5.84 per share, over a five-year history. Selling, he has also lost 8% on 582,966 shares sold at an average price of $4.88 per share.

Track historical pricing, revenue and net income:

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Hovnanian Enterprises Inc. /K. Hovnanian Enterprises (HOVU): Reduced

Up 35% over 12 months, Hovnanian Enterprises Inc. /K. Hovnanian Enterprises is a homebuilder and real estate company. The share price is $26.08. HOVU has an EV-to-EVIT ratio of 27.8 and a PEG of 1.2.

The GuruFocus checkup on this company’s financials and performance data shows that there is not enough data available, and that its interest coverage is extremely low.

Guru Action: As of Aug. 31, 2013, Guru Chuck Royce reduced his position by 11.29%, selling shares at an average price of $26.20. His current shares remaining are 129,600.

Royce has averaged a gain of 29% on 368,100 shares bought at an average price of $20.15 per share, over six quarters of holding. Selling, he lost 8% on 222,000 shares sold at an average price of $28.41 per share.

Track historical pricing since 2011:

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Hi-Tech Pharmacal Co. Inc. (HITK): Reduced

Impacts Portfolio: -0.22%

Up 28% over 12 months, Hi-Tech Pharmacal Co. Inc., a drug manufacturer, has a market cap of $587.2 million; its shares were traded at around $43.12 with a P/E ratio of 39.80.

Guru Action: As of Aug. 31, 2013, Guru Chuck Royce reduced his position by 99.96%, selling shares at an average price of $43.11. His current shares are 700 after the trade.

Royce has averaged a gain of 32% on 1,206,525 shares bought at an average price of $32.79 per share, over a five-year history. He also gained 204% on 169,730 shares sold at an average price of $14.17 per share.

Track historical pricing, revenue and net income:

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Littelfuse Inc. (LFUS): Reduced

Impacts Portfolio: -0.09%

Up 34% over 12 months, Littelfuse Inc., a manufacturer of circuit protection devices, has a market cap of $1.66 billion; its shares were traded at around $74.19 with a P/E ratio of 22.10.

Guru Action: As of Aug. 31, 2013, Guru Chuck Royce reduced his position by 18.73%, selling shares at an average price of $73.77. His current shares are 1,719,576.

Royce has averaged a gain of 72% on 3,912,386 shares bought at an average price of $42.43 per share. He also gained 27% selling 1,926,526 shares at an average price of $57.33 per share, over a five-year history.

Track historical pricing, revenue and net income:

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View Chuck Royce’s latest trades at Stock Picks.

Also view his undervalued stocks, high-yield companies and top growth stocks.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.6/5 (5 votes)

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