Arnold Schneider (Trades, Portfolio) is president, chief investment officer and principal of Schneider Capital Management Corp. He uses independent analysis to identify undervalued securities with potential for positive change. In both the second and third quarters, the guru bought the following stocks:
Commercial Vehicle Group Inc. (CVGI, Financial)
During the second quarter, the guru increased his holding by 9.44% and by 16.81% in the third quarter. He currently holds 0.9% of outstanding shares. Commercial Vehicle Group is a supplier of cab related products and systems for the commercial vehicle market. Third quarter revenue decreased 24%. Operating income was $4.5 million compared to operating income of $9.9 million in the prior year period.
Chuck Royce (Trades, Portfolio) is the largest shareholder of the company among the gurus with 3.18% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 2.96%, Pioneer Investments (Trades, Portfolio) with 0.91%, Paul Tudor Jones (Trades, Portfolio) with 0.09% and Joel Greenblatt (Trades, Portfolio) with 0.04%.
Scorpio Tankers Inc. (STNG)
In the second quarter, Schneider increased his positon by 0.13%. In the third quarter, he increased it again by 13.11%. The guru currently holds 0.24% of outstanding shares of the stock. Scorpio provides seaborne transportation of refined petroleum products and crude oil. Its fleet consists of 66 wholly-owned tankers. Third quarter adjusted net loss was $18.3 million, or 11 cents per basic and diluted loss per share, and net loss was $27.1 million, or 17 cents basic and diluted loss per share.
The largest shareholder among the gurus is Mariko Gordon (Trades, Portfolio) with 3.54% of outstanding shares, followed by Ron Baron (Trades, Portfolio) with 1.98%, Chuck Royce (Trades, Portfolio) with 0.69% and Caxton Associates (Trades, Portfolio) with 0.52%.
Ardmore Shipping Corp. (ASC, Financial)
During the second quarter, the guru increased his holding by 38.77% and by 6.93% in the third quarter. The guru currently holds 0.92% of outstanding shares. Ardmore is engaged in the ocean transportation of petroleum and chemical products.
Donald Smith (Trades, Portfolio) is the largest shareholder of the company among the gurus with 9.9% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 3.61% and Jim Simons (Trades, Portfolio) with 0.09%.
Cloud Peak Energy Inc. (CLD, Financial)
During the second quarter, Schneider increased his position by 10.76% and again by 40.23% in the third quarter. The guru currently holds 0.99% of outstanding shares. Cloud Peak Energy is a producer of coal in the U.S. and in the Powder River Basin. The company operates some of the safest mines in the coal industry.
The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 2.74% of outstanding shares, followed by Donald Smith (Trades, Portfolio) with 1.02% and Charles Brandes (Trades, Portfolio) with 0.11%.
Taylor Morrison Home Corp. Class AÂ (TMHC, Financial)
During the second quarter, the investor increased his holding by 15.48% and by 12.07% in the third quarter. The guru currently holds 0.33% of outstanding shares. Taylor Morrison is a public homebuilder in North America. It builds single-family detached and attached homes and develops land, which includes lifestyle and master-planned communities.
NWQ Managers (Trades, Portfolio) is the largest shareholder of the company among the gurus with 3% of outstanding shares, followed by Ken Heebner (Trades, Portfolio) with 0.12%, Barrow, Hanley, Mewhinney & Strauss with 0.06% and Mario Gabelli (Trades, Portfolio) with 0.01%.
Approach Resources Inc. (APEX, Financial)
During the second quarter, Schneider added to his position by 11.57%. In the third quarter, he again added to his position by 21.44%. The guru currently holds 10.82% of outstanding shares of the stock. Approach Resources is an independent energy company engaged in the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas. During the third quarter, well costs were below $3.5 million and net loss was $9.1 million, or 22 cents per diluted share. The company reported $23.7 million for revenue and $12.1 million for non-GAAP Ebitda.
Chesapeake Energy Corp. (CHK, Financial)
During the second quarter, Schneider increased his position by 24.49%. In the third quarter, he had another increase of 47.44%. The guru currently holds 0.58% of outstanding shares. Chesapeake is a natural gas and oil exploration and production company. It explores, develops and acquires properties for the production of natural gas and crude oil from underground reservoirs and also provides marketing and midstream services. Third quarter revenues declined by 33% year over year due to a decrease in the average realized commodity prices received for its production. The company delivered a net loss available to common stockholders of $1.197 billion.
The largest shareholder among the gurus is Mason Hawkins (Trades, Portfolio) with 10.49% of outstanding shares, followed by John Griffin (Trades, Portfolio) with 1.42%, Caxton Associates (Trades, Portfolio) with 0.75%, Steven Cohen (Trades, Portfolio) with 0.59%, Charles Brandes (Trades, Portfolio) with 0.22%, Richard Snow (Trades, Portfolio) with 0.06%, Ray Dalio (Trades, Portfolio) with 0.04% and Louis Moore Bacon (Trades, Portfolio) with 0.03%.
During the second quarter, the guru increased his holding by 9.71% and by 45.28% in the third quarter. The guru currently holds 0.01% of outstanding shares. Citigroup is a financial services holding company. It provides financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder of the company among the gurus with 0.72% of outstanding shares, followed by Hotchkis & Wiley with 0.61%, First Pacific Advisors (Trades, Portfolio) with 0.49%, Steven Romick (Trades, Portfolio) with 0.36%, Diamond Hill Capital (Trades, Portfolio) with 0.35%, Bill Nygren (Trades, Portfolio) with 0.34%, Richard Pzena (Trades, Portfolio) with 0.32% and Ken Fisher (Trades, Portfolio) with 0.29%.
Weatherford International PLC. (WFT, Financial)
During the second quarter, the investor increased his holding by 41.64% and by 39.55% in the third quarter. The guru currently holds 0.86% of outstanding shares. Weatherford International provides equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. Third quarter revenue increased sequentially by 1%, after seven consecutive quarters of decline. GAAP net loss was $1.78 billion compared to $565 million in the second quarter of 2016 and $170 million in the same quarter a year ago.
The largest shareholder among the gurus is Dodge & Cox with 8.48% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 1.02%, Jim Simons (Trades, Portfolio) with 0.41%, Steven Cohen (Trades, Portfolio) with 0.27%, Ray Dalio (Trades, Portfolio) with 0.03% and Caxton Associates (Trades, Portfolio) with 0.03%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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