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Cohen, Royce, Pabrai – Trade Basic Materials

November 06, 2013 | About:
Sally Jones

Sally Jones

49 followers
Third and fourth quarter activity shows Steven Cohen, Chuck Royce, Manning & Napier Advisors and Mohnish Pabrai getting back to basics, with significant trading in small cap basic materials companies dealing in minerals, metals, chemicals, wood and paper products.

Guru: Steven Cohen

Clearwater Paper Corp. (CLW)

Up 29% over 12 months,Clearwater Paper Corp., a bath tissue and paperboard company, has a market cap of $1.1 billion; its shares trade with a P/E ratio of 27.10. The company does not pay a dividend.

As of Sept. 5, 2013, Steven Cohen increased his position by 9.21%, buying shares in the average price range of $48.50.

The current share price is $52.14, with a change from average up 8%.

His current shares are 1,791,000 or 8.14% of shares outstanding.

Over a purely gaining five-year history, Cohen has averaged a gain of 50% on 1,640,779 shares bought at an average price of $34.69 per share. He has averaged a gain of 45% on 779 shares sold at an average price of $35.98 per share.

Check out more guru stakeholders and recent insider trading.

Track historical pricing, revenue and net income:

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Guru: Chuck Royce

Innospec Inc. (IOSP)

Up 41% over 12 months, Innospec Inc., a chemical company, has a market cap of $1.07 billion; its shares trade with a P/E ratio of 17.20. The company does not pay a dividend.

As of Aug. 31, 2013, Chuck Royce increased his position by 16.38%, buying shares in the average price range of $40.92.

The current share price is $45.66, with a change from average up 12%.

This was Royce’s second add in 2013. He increased his position by 35.8% in the second quarter, buying 544,273 shares in the average price range of $41.73 for a gain of 9.4%.

Over a five-year history, he has averaged a gain of 34% on 2,235,405 shares bought at an average price of $34.17 per share. Selling, he has averaged a gain of 131% on 632,600 shares sold at an average price of $19.74 per share.

His current shares are 2,402,439 or 10.2% of shares outstanding.

Check out the two IOSP guru stakeholders and very active insider selling this year.

Track historical pricing, revenue and net income:

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Guru: Manning & Napier Advisors

Potlatch Corp. (PCH)

Up 5% over 12 months, Potlatch Corp., a holding company, has a market cap of $1.63 billion; its shares trade with a P/E ratio of 23.30. The dividend yield is 3.10%. Potlatch Corp.’s subsidiary, Potlatch TRS, operates in real estate sales and has six wood products manufacturing facilities that produce lumber, plywood and particleboard.

As of Sept. 30, 2013, Manning & Napier Advisors Inc. made a new buy of 45,190 shares in the average price range of $41.09.

The current share price is $40.23, with a change from average down 2%.

Current shares remain at 45,190 or 0.11% of shares outstanding.

The firm traded for six quarters, gaining in three quarters and peaking at gains of 33.8% on 9,340 shares bought at an average price of $30.06 in the second quarter of 2012.

Manning & Napier is one of four gurus holding PCH.

There is recent insider trading.

Track historical pricing, revenue and net income:

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Guru: Mohnish Pabrai

Horsehead Holding Corporation (ZINC)

Up 58% over 12 months, zinc producer Horsehead Holding Corporation has a market cap of $672.2 million; its shares trade with a P/B ratio of 1.60. The company does not pay a dividend.

As of Nov. 1, 2013, Mohnish Pabrai increased his position by 6.41%, buying shares in the average price range of $13.30.

The current share price is $13.55, with a change from average up 2%.

Over a five-year history, he has averaged a gain of 24% on 5,070,000 shares bought at an average price of $10.92 per share.

His current shares remain at 5,397,300 or 12.24% of shares outstanding.

Track historical pricing, revenue and net income:

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Pabrai is one of five gurus holding ZINC. Check out the recent insider trading.

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

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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: 3.5/5 (4 votes)

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