John Rogers (Trades, Portfolio) founded Ariel Investment LLC in 1983. He has concentrated his investment selection on small and medium-sized companies whose share prices are undervalued. During the third quarter, Rogers increased many stakes in his portfolio, and the following were some of the largest trades.
Rogers acquired a new position in the second quarter and in the third quarter the firm increased its stake by 83.08% at an average price of $23.4. The deal had an impact of 0.69% on the portfolio, and the stock price went up 16%. Currently it is trading at $27.17.
The company designs, manufactures and markets toy products through sales to its customers and directly to consumers.
During the last year, revenue decreased by 6.60%, EBITDA by 32.20% and book value by 16.30%.
Tom Gayner (Trades, Portfolio), Sarah Ketterer (Trades, Portfolio) and T Rowe Price Equity Income Fund (Trades, Portfolio) are other gurus increased their holdings.
Viacom Inc. (VIAB)
In the third quarter, Rogers increased his stake by 63.05% at $49.63 per share. The deal had an impact of 0.39% on the portfolio, and the stock price dropped 17%. Currently it is trading at $41.16.
The company is an entertainment content company that connects with audiences through television content across television, motion picture, online and mobile platforms in more than 165 countries and territories.
Over the past year, revenue grew by 4.40%, EBITDA by 5.30%, while book value decreased by 1%.
NWQ Managers (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Richard Snow (Trades, Portfolio), Robert Olstein (Trades, Portfolio) and David Dreman (Trades, Portfolio) increased their stakes in the third quarter.
US Silica Holdings Inc. (SLCA)
In the third quarter, Rogers increased his stake by 65.73% at an average price of $21.38. The deal had an impact of 0.3% on the portfolio, and the stock price dropped 12%. Currently it is trading at $18.73.
It is domestic producer of commercial silica, a specialized mineral that is a critical input into a variety of attractive end markets.
Over the last year, revenue and EBITDA had decreases of 2.20% and 29.90%, while book value had an increase of 1.60%.
Joel Greenblatt (Trades, Portfolio) is another investor who increased his holdings in this quarter.
Electro Rent Corp. (ELRC, Financial)
Rogers increased his stake by 356.71% at an average price of $10.46. The deal had an impact of 0.06% on the portfolio, and the stock price dropped 12%. Currently it is trading at $9.20.
The company rents, leases and sells new and used electronic test and measurement equipment.
Over the past year, revenue decreased by 5.70%, EBITDA by 12.40% and book value by 2.00%.
Rockwell Collins Inc. (COL)
In the third quarter, Rogers increased his stake by 72% at $85.8 per share. The deal had an impact of 0.04% on the portfolio, and the stock price went up 8%. Currently it is trading at $92.30.
The company designs, produces and supports communications and aviation systems for commercial and military customers.
Over the last year, revenue grew by 7.10%, EBITDA increased by 12.40%, and book value had an increase of 1.10%.
The stock saw a huge increase of 730.74% by Joel Greenblatt (Trades, Portfolio) and a minor increase of 0.10% by HOTCHKIS & WILEY.
Kindred Biosciences Inc. (KIN)
In the third quarter, Rogers increased his stake by 45.77% at an average price of $6.17. The deal had an impact of 0.03% on the portfolio, and the stock price dropped 45%. Currently it is trading at $3.40.
The company operates in the Global Biotechnology industry. Over the past year, book value decreased by 22.40%.
Costco Wholesale Corp. (COST, Financial)
Rogers increased his stake by 279.47% at an average price of $142.69. The deal had an impact of 0.02% on the portfolio, and the stock price went up 13%. Currently it is trading at $161.50.
The company and its subsidiaries operates membership warehouses and offers its members low prices on a limited selection of nationally branded and select private-label products in merchandise categories.
Revenue and EBITDA had increases of 1.80% and 8.50% over the last year, while book value decreased by 12.10%.
Ruane Cunniff (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), Tom Russo (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and Mairs and Power (Trades, Portfolio) are other investor who increased their holdings.
Occidental Petroleum Corp. (OXY, Financial)
Rogers increased his stake by 106.69% at $69.94 per share. The deal had an impact of 0.04% on the portfolio, and the stock price dropped 3%. Currently it is trading at $67.61.
The company conducts its operations through various oil and gas, chemical, midstream, marketing and other subsidiaries and affiliates. Its businesses consist of three segments. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.
Over the past year, revenue decreased by 11%, EBITDA decreased by 121.40% and book value had a decrease of 32.20%.
Steven Romick (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and Jim Chanos (Trades, Portfolio) are other investors who increased their holdings.
