HOTCHKIS & WILEY was founded in 1980 by John Hotchkis and George Wiley, value investors focusing on important investment parameters such as a company's tangible assets, sustainable cash flow and potential for improving business performance. During the first quarter the firm bought shares in the following stocks:
The firm increased its stake in Marathon Oil Corp. (MRO) by 44.55% with an impact of 0.8% on the portfolio.
The company is an energy company engaged in the exploration, production and marketing of liquid hydrocarbons and natural gas and production and marketing of products manufactured from natural gas and oil sands mining. During the first quarter net production averaged 388,000 net boed at the upper end of guidance and reduced North America E&P production costs to $6.17 per boe, or 22% below the year-ago quarter.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of -11.90% and ROA of -6.85% that are outperforming 61% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.29 that is below the industry median of 0.24.
The second-largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 0.39% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 0.27%, Jeremy Grantham (Trades, Portfolio) with 0.1%, Ray Dalio (Trades, Portfolio) with 0.03%, Barrow, Hanley, Mewhinney & Strauss with 0.02% and Steven Cohen (Trades, Portfolio) with 0.02%.
The fund raised its stake in Bank of America Corporation (BAC) by 22.93% with an impact of 0.64% on the portfolio.
It is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and nonbanking financial services and products throughout the U.S. and in selected international markets.
Deposits increased 6% from the first quarter of 2015 and noninterest expense declined $1.0 billion, or 6%. The company reported net income of 21 cents per diluted common share.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of 5.45% and ROA of 0.72% that are underperforming 71% of the companies in the Global Banks - Global industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.70 that is below the industry median of 3.02.
Dodge & Cox is the company's largest shareholder among the gurus with 2.1% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.83%, Ken Fisher (Trades, Portfolio) with 0.42%, Bill Nygren (Trades, Portfolio) with 0.34%, Pzena with 0.29%, First Pacific Advisors (Trades, Portfolio) with 0.26% and Steven Romick (Trades, Portfolio) with 0.23%.
The firm increased its stake in Royal Philips NV ADRĂ‚ (PHG) by 125.55% with an impact of 0.57% on the portfolio.
The company is a diversified technology company that manufactures consumer electronics, appliances and equipment for the health care, lighting and consumer well-being industry.
First quarter comparable sales grew 5% in HealthTech portfolio, and net income was euro 37 million compared to euro 100 million in the same quarter of a year before. Adjusted EBITA was 6.8% of sales compared to 6.1% of sales in the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 5.06% and ROA of 1.88% that are underperforming 62% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.25 that is below the industry median of 1.09.
The largest shareholder among the gurus is Mason Hawkins (Trades, Portfolio) with1.09% of outstanding shares followed by HOTCHKIS & WILEY with 0.93%, NWQ Managers (Trades, Portfolio) with 0.38%, Simons with 0.07%, Meridian Funds (Trades, Portfolio) with 0.05% and Dodge & Cox with 0.01%.
The fund raised its stake in Office Depot Inc. (ODP) by 199.39% with an impact of 0.53% on the portfolio.
The company is a supplier of office products and services. It offers products including office supplies, paper, ink and tone, cleaning chemicals and equipment, monitors and equipment, computers and tablets, office appliances and school supplies.
First-quarter total sales decreased 9% from the first quarter of 2015 and adjusted operating income was $115 million compared to an adjusted operating income of $135 million in the first quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of 0.56% and ROA of 0.14% that are underperforming 72% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.60 that is below the industry median of 0.95.
The company's second-largest shareholder among the gurus is John Paulson (Trades, Portfolio) with 1.42% of outstanding shares followed by Grantham with 1.4%, Joel Greenblatt (Trades, Portfolio) with 0.81%, Cohen with 0.79%, Simons with 0.55%, Paul Singer (Trades, Portfolio) with 0.46% and Eric Mindich (Trades, Portfolio) with 0.42%.
The fund increased its stake in Citizens Financial Group Inc. (CFG) by 26.51% with an impact of 0.53% on the portfolio.
The company through its subsidiaries provides retail and commercial banking products and services.
First quarter net income was 41 cents per diluted common share. It had a growth of 8% from 38 cents per diluted common share in the first quarter 2015 but increased 1% from the fourth quarter of 2015. Net interest margin of 2.86% improved nine basis points reflecting the benefit from higher interest rates along with improved loan mix and stable deposit costs.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 4.27% and ROA of 0.62% that are underperforming 79% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.18 that is below the industry median of 3.02.
The company's second-largest shareholder among the gurus is Chris Davis (Trades, Portfolio) with 4.04% of outstanding shares followed by Pzena with 0.4%, Simons with 0.3%, Larry Robbins (Trades, Portfolio) with 0.17%, Robert Olstein (Trades, Portfolio) with 0.09%, Caxton Associates (Trades, Portfolio) with 0.04%, Charles Brandes (Trades, Portfolio) with 0.03%, Pioneer Investments (Trades, Portfolio) with 0.03% and Michael Price (Trades, Portfolio) with 0.02%.
The fund raised its stake in Hess Corp. (HES) by 14.47% with an impact of 0.39% on the portfolio.
The company is an exploration and production (E&P) company that develops, produces, purchases, transports and sells crude oil and natural gas. The company operates in two segments: E&P and Retail Marketing.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of -15.29% and ROA of -8.97% that are outperforming 56% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.54 that is above the industry median of 0.42.
Singer is the company's largest shareholder among the gurus with 5.94% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 1.15%, NWQ Managers (Trades, Portfolio) with 0.47%, Price with 0.18%, Cohen with 0.11%, Simons with 0.06% and Dalio with 0.03%.
The firm increased its stake in Morgan Stanley (MS) by 108.50% with an impact of 0.39% on the portfolio.
The company through its subsidiaries and affiliates provides financial products and services to a diversified group of clients and customers, including corporations, governments, financial institutions and individuals.
First quarter net revenues were $7.8 billion compared with $9.9 billion a year ago and net income was 55 cents per diluted share compared to $1.18 per diluted share for the same period a year ago.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 5.87% that is outperforming and ROA of 0.60% that is underperforming 62% of the companies in the Global Capital Markets industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.33 that is far below the industry median of 9,999.0.
The company's largest shareholder among the gurus is Pzena with 0.65% of outstanding shares followed by Diamond Hill Capital (Trades, Portfolio) with 0.61%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.53%, Ken Heebner with 0.21%, Spiros Segalas (Trades, Portfolio) with 0.2%, Mario Gabelli (Trades, Portfolio) with 0.09%, Pioneer Investments (Trades, Portfolio) with 0.08% and Fisher with 0.02%.
The fund raised its stake in Citigroup Inc. (C) by 13.25% with an impact of 0.37% on the portfolio.
The company provides financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management.
Total revenues decreased 5% from a quarter before and decreased -11% from the same quarter of a year before. Adjusted net income increased 2% from the fourth quarter but decreased 27% from the first quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 6.76% that is underperforming and ROA of 0.89% that is outperforming 52% of the companies in the Global Banks - Global industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.69 that is below the industry median of 3.02.
Barrow, Hanley, Mewhinney & Strauss is the company's largest shareholder among the gurus with 0.72% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 0.43%, Fisher with 0.41%, Romick with 0.38%, Diamond Hill Capital (Trades, Portfolio) with 0.34%, Pzena with 0.34%, Nygren with 0.33% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.18%.
The firm increased its stake in American International Group Inc. (AIG) by 9.32% with an impact of 0.32% on the portfolio.
The company through its subsidiaries provides insurance and related services in the U.S. and abroad.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of -0.46% and ROA of -0.09% that are underperforming 86% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.05 that is far below the industry median of 9,999.0.
The largest shareholder among the gurus is Carl Icahn (Trades, Portfolio) with 3.97% of outstanding shares followed by Paulson with 1%, First Pacific Advisors (Trades, Portfolio) with 0.98%, Romick with 0.84%, First Eagle Investment (Trades, Portfolio) with 0.74%, Nygren with 0.64%, Pzena with 0.59% and Barrow, Hanley, Mewhinney & Strauss with 0.48%.
Start a free seven-day trial of Premium Membership to GuruFocus.
