Richard Pzena (Trades, Portfolio) is founder and co-chief investment officer of Pzena Investment Management LLC with more than $24 billion under management. Pzena started the firm in 1995.
Key Energy Services Inc. (KEG)
During the fourth quarter of 2015, the guru raised his stake by 297.60% and by 3.62% in the first quarter. The fund holds 8.85% of outstanding shares in the provider of well services to oil companies, foreign national oil companies and independent oil and natural gas production companies.
Other notable shareholders among the gurus are Jim Simons (Trades, Portfolio) with 1.33% of outstanding shares followed by Arnold Van Den Berg (Trades, Portfolio) with 1.26%, Chuck Royce (Trades, Portfolio) with 0.34%, George Soros (Trades, Portfolio) with 0.31%, Jeremy Grantham (Trades, Portfolio) with 0.06% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
TriMas Corp. (TRS)
During the fourth quarter of 2015, the investor increased his stake by 0.94% and in the first quarter again bought shares in the company with an increase of 3.19%. The fund holds 3.19% of outstanding shares in the designer, manufacturer and distributor of engineered and applied products for commercial, industrial and consumer markets.
First quarter net sales had a decrease of 9.5% compared to first quarter 2015 and income from continuing operations was 18 cents per diluted share compared to income of 26 cents per diluted share in the first quarter of 2015.
Diamond Hill Capital (Trades, Portfolio) is the company's second-largest shareholder among the gurus with 0.98% of outstanding shares followed by T Boone Pickens (Trades, Portfolio) with 0.45%, Simons with 0.3%, Barrow, Hanley, Mewhinney & Strauss with 0.24%, Jones with 0.09% and Murray Stahl (Trades, Portfolio) with 0.02%.
PHH Corp. (PHH)
During the fourth quarter of 2015, the guru raised his stake by 1.30% and again by 0.58% in the first quarter of 2016. The fund holds 1.73% of outstanding shares in the company that along with its subsidiaries provides end-to-end mortgage solutions. It offers mortgage loan origination services, sells mortgage loans, provides servicing activities for originated and purchased loans and acts as a subservicer.
During the last quarter diluted (loss) earnings per share attributable to PHH Corporation was 56 cents compared to 34 cents in the first quarter of 2015.
The largest shareholder among the gurus is HOTCHKIS & WILEY with 10.39% of outstanding shares followed by Larry Robbins (Trades, Portfolio) with 9%, Simons with 1.11% and RS Investment Management (Trades, Portfolio) with 0.14%.
Jabil Circuit Inc. (JBL)
During the fourth quarter of 2015, the guru increased his stake by 0.10% and in the first quarter again bought shares in the company with an increase of 28.20% to its stake. The fund holds 0.37% of outstanding shares in the company that together with its subsidiaries is a provider of electronic manufacturing services and solutions. It provides electronic design, production and product management services to companies in aerospace and defense and automotive among others.
During the second quarter core diluted earnings per share was 57 cents compared to 50 cents and for the third quarter it is expected to be 12 cents to 18 cents.
PRIMECAP Management (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.16% of outstanding shares followed by Grantham with 0.3%, John Hussman (Trades, Portfolio) with 0.18%, John Buckingham (Trades, Portfolio) with 0.05% and Simons with 0.03%.
Kohl's Corp. (KSS)
During the fourth quarter of 2015, the guru raised his stake by 0.11% and again by 0.73% in the first quarter of 2016. The fund holds 0.19% of the outstanding shares in the operator of department stores that sell moderately priced exclusive and national brand apparel, footwear, accessories, beauty and home products. Its website includes merchandise available in stores and merchandise available only online.
During the first quarter sales grew 3.7%, and net income grew 87% from the same quarter of a year before.
The largest shareholder among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 2.28% of outstanding shares followed by HOTCHKIS & WILEY with 0.9%, Joel Greenblatt (Trades, Portfolio) with 0.18%, Simons with 0.17%, Robert Olstein (Trades, Portfolio) with 0.12%, Chris Davis (Trades, Portfolio) with 0.12%, Buckingham with 0.05% and Ray Dalio (Trades, Portfolio) with 0.05%.
ARC Document Solutions Inc. (ARC)
During the fourth quarter of 2015, the guru increased his stake by 431.15% and in the first quarter again bought shares in the company with another increase of 2.20% to its stake. The fund holds 8.26% of outstanding shares in the provider of document management solutions to businesses including the nonresidential segment of the architecture, engineering and construction industry. Its offerings include onsite, digital, color and traditional reprographics.
First quarter net sales of $103.6 million vs. $104.3 million in 2015 and adjusted diluted earnings per share were 6 cents vs. 7 cents in the same quarter of a year before. Due to quarterly increases in lower margin sales, gross margin was 32.6% compared to 34.5% in the first quarter of 2015.
Simons is the company's second-largest shareholder among the gurus with 4.67% of outstanding shares followed by Jones with 0.06%.
Everest Re Group Ltd. (RE)
During the fourth quarter of 2015, the guru raised his stake by 9.00% and again by 17.42% in the first quarter. The fund holds 0.22% of outstanding shares in the company that through its subsidiaries provides property and casualty reinsurance and insurance products and services in the U.S., Bermuda and international markets.
During the last quarter operating income available to common shareholders was $5.19 per diluted common share compared to aftertax operating income of $7.34 per diluted common share, for the first quarter of 2015. Net income available to common shareholders was $4.00 per diluted common share compared to net income of $7.19 per diluted common share for the same period last year.
The largest shareholder among the gurus is Mason Hawkins (Trades, Portfolio) with 3.13%, of outstanding shares followed by Donald Smith (Trades, Portfolio) with 0.91%, Simons with 0.48%, Davis with 0.47%, Grantham with 0.46% and Scott Black (Trades, Portfolio) with 0.02%.
Exelon Corp. (EXC)
During the fourth quarter of 2015, the guru increased his stake by 58.32% and in the first quarter again bought shares in the company with an increase of 15.68% to the stake. The fund holds 0.07% of outstanding shares in the utility services holding company engaged through generation in the energy generation business and through ComEd, PECO and BGE in the energy delivery businesses.
Despite a challenging year for the sector, strong operating performance in both its utilities and its generation business enabled the company to deliver strong earnings for the fourth quarter. Diluted earnings per share was 38 cents compared to 48 cents in the same quarter of a year before.
Charles Brandes (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.47% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.43%, Simons with 0.22%, Pioneer Investments (Trades, Portfolio) with 0.16%, Pzena with 0.07%, Richard Snow (Trades, Portfolio) with 0.02%, Louis Moore Bacon (Trades, Portfolio) with 0.02% and David Dreman (Trades, Portfolio) with 0.01%.
Columbus McKinnon Corp. (CMCO)
During the fourth quarter of 2015, the guru raised his stake by 36.87% and in the first quarter again bought shares in the company with an increase of 0.73% to its stake. The fund holds 7.61% of outstanding shares in the designer, manufacturer and marketer of hoists, rigging tools, cranes, actuators and other material handling products serving commercial and industrial end-user markets.
Other notable shareholders among the gurus are Royce with 1.66% of outstanding shares followed by Michael Price (Trades, Portfolio) with 0.77% and Barrow, Hanley, Mewhinney & Strauss with 0.62%.
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