Free 7-day Trial
All Articles and Columns »

Chuck Royce on a Roll of Reductions

October 20, 2013 | About:
Sally Jones

Sally Jones

47 followers
The third quarter portfolio of Royce & Associates lists149 new stocks among 1,438 stocks, with a total value of $32.3 billion, and a quarter-over-quarter turnover rate of 6%. Guru Chuck Royce has averaged a return of 24.2% over 12 months. The Royce portfolio’s top three sector weightings are technology at 26%, consumer cyclical at 18.2% and financial services at 10.1%. Here's a review of four reductions made by Chuck Royce in the third quarter.

AZZ Inc. (AZZ): Reduced

Impacts Portfolio: -0.08%

Up 19% over 12 months, AZZ Inc., a Texas metal fabrication company, has a market cap of $1.12 billion; its shares were traded at around $43.67 with a P/E ratio of 18.80. The dividend is 1.28%.

Guru Action: In the third quarter of 2013, Guru Chuck Royce reduced his position by 45.42%, selling shares at an average price of $37.54. His current shares remain at 752,860.

Royce has averaged a gain of 114% on 2,664,616 shares bought at an average price of $20.39 per share, over a five-year history. Selling 1,293,324 shares at an average price of $37.94 per share, he gained 15%.

Track historical pricing, revenue and net income:

1382305007002.png

Check out other gurus holding AZZ and active insider trading.

Read about six more of Chuck Royce’s high-impact reductions in the third quarter of 2013.

Clearwater Paper Corp. (CLW): Reduced

Impacts Portfolio: -0.05%

Up 20% over 12 months, Clearwater Paper Corp., a paper products company, has a market cap of $1.08 billion; its shares were traded at around $49.25 with a P/E ratio of 23.20.

Guru Action: In the third quarter of 2013, Guru Chuck Royce reduced his position by 27.88%, selling shares at an average price of $47.66. His current shares remain at 905,760.

Over a five-year history, Royce has averaged a gain of 64% on 2,296,500 shares bought at an average price of $30.05 per share. Selling, he has averaged a gain of 5% on 1,040,624 shares at an average price of $46.84 per share,

Track historical pricing, revenue and net income:

1382305284130.png

There are more guru stakeholders of CLW and two recent insider buys.

Ultra Clean Holdings Inc. (UCTT): Reduced

Impacts Portfolio: -0.01%

Up 53% over 12 months, Ultra Clean Holdings Inc., a semiconductor company,has a market cap of $202.31 million; its shares were traded at around $7.10 with a P/B ratio of 1.26.

Guru Action: In the third quarter of 2013, Guru Chuck Royce reduced his position by 15.94%, selling shares at an average price of $6.65 per share. His current shares remain at 1,347,814.

Royce has averaged a loss of 27% on 3,491,050 shares bought at an average price of $9.75 per share, over a five-year history. He has averaged a gain of 10% on 1,898,877 shares sold at an average price of $6.47 per share.

Check out the gurus holding UCTT and active insider trading.

Track historical pricing, revenue and net income:

1382305577846.png

Inter Parfums Inc. (IPAR): Reduced

Impacts Portfolio: -0.2%

Up 82% over 12 months, Inter Parfums Inc. has a market cap of $995.05 million; its shares were traded at around $32.31 with a P/E ratio of 6.80. The dividend is 1.36%.

Guru Action: In the third quarter of 2013, Guru Chuck Royce reduced his position by 63.06%, selling shares at an average price of $32.98 per share. His current shares remain at 1,137,140.

Royce has averaged an 11.1% gain on 550,717 shares bought at an average price of $19.40 per share, over a five-year history. He has averaged a gain of 39% on 2,699,595 shares sold at an average price of $23.20 per share.

Track historical pricing, revenue and net income:

1382305878261.png

There are more gurus holding IPAR along with active insider selling.



Here’s Chuck Royce’s complete portfolio.



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.

If you are not a Premium Member, we invite you for a 7-day Free Trial.

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: 3.0/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide