Richard Pzena (Trades, Portfolio), founder and co-chief investment officer of Pzena Investment Management, purchased shares of the following stocks in first-quarter 2017 and fourth-quarter 2016.
Diamondrock Hospitality Co. (DRH)
During the fourth quarter, the guru increased the position by 21.80% and in the first quarter of 2017 increased it 1.45%. The guru holds 0.52% of the company’s outstanding shares.
Diamondrock Hospitality is a real estate investment trust. It is a lodging-focused real estate company owning a portfolio of hotels and resorts.
Chuck Royce (Trades, Portfolio) is another notable shareholder among the gurus with 0.18% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.07% and Jeremy Grantham (Trades, Portfolio) with 0.01%.
Wesco Aircraft Holdings Inc. (WAIR)
During the fourth quarter of 2016, the investor increased his stake by 163.92% and in the first quarter of 2017 increased it by 55.53%. The guru holds 1.56% of the company’s outstanding shares.
Wesco Aircraft Holdings distributes and provides supply chain management services to the aerospace industry. It offers services including traditional distribution to the management of supplier relationships, JIT delivery and point-of-use inventory management.
The largest shareholder among the gurus is Michael Dell (Trades, Portfolio) with 5.06% of outstanding shares followed by Wallace Weitz (Trades, Portfolio) with 2.78%, Royce with 2.46%, Richard Snow (Trades, Portfolio) with 1.95% and Barrow, Hanley, Mewhinney & Strauss with 0.17%.
Essendant Inc. (ESND)
During the fourth quarter, the guru increased his holding by 92.41% and in the first quarter increased it by 48.33%. The guru holds 9.16% of the company’s outstanding shares.
Essendant is engaged in manufacturing of office equipment. It provides printed catalogs for easy shopping.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus with 0.52% of outstanding shares followed by Joel Greenblatt (Trades, Portfolio) with 0.11% and Paul Tudor Jones (Trades, Portfolio) with 0.07%.
Owens & Minor Inc. (OMI)
The guru increased his position by 41.10% during the fourth quarter and by 18.83% in the first quarter. The guru holds 2.58% of the company’s outstanding shares.
Owens & Minor distributes low-tech, consumable medical supplies to acute-care hospitals and other providers. The company distributes thousands of products from more than 1,200 suppliers to about 4,000 health care providers.
Another notable shareholder among the gurus is Royce with 1.24% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 1.18%, Pioneer Investments with 0.94%, Greenblatt with 0.5%, Jim Simons (Trades, Portfolio) with 0.37%, Barrow, Hanley, Mewhinney & Strauss with 0.35%, Mario Gabelli (Trades, Portfolio) with 0.32% and Keeley Asset Management Corp (Trades, Portfolio) with 0.06%.
Aspen Insurance Holdings Ltd. (AHL)
During the fourth quarter, the guru increased the position by 47.47% and in the first quarter increased it by 2.86%. The guru holds 1.74% of the company’s outstanding shares.
Aspen Insurance Holdings offers property and casualty insurance, marine, aviation and energy insurance, financial and professional lines of insurance, property catastrophe reinsurance, other property reinsurance, casualty reinsurance and specialty reinsurance.
Simons is the largest shareholder among the gurus with 1.77% of outstanding shares followed by Donald Smith (Trades, Portfolio) with 1.09%, Cohen with 0.54%, Royce with 0.38%, HOTCHKIS & WILEY with 0.14% and Jones with 0.04%.
TriMas Corp. (TRS)
During the fourth quarter the investor increased his holding by 45.92% and in the first quarter increased it by 34.90%. The guru holds 5.93% of the company’s outstanding shares.
TriMas is a designer, manufacturer and distributor of engineered and applied products for commercial, industrial and consumer markets. The company's business segments include Packaging, Energy, Aerospace and Engineered Components.
Another notable shareholder among the gurus is Diamond Hill Capital (Trades, Portfolio) with 0.94% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.25%, Royce with 0.24%, Greenblatt with 0.06% and Jones with 0.05%.
Edison International (EIX)
During the fourth quarter, the guru increased his stake by 12.75% and in the first quarter increased it by 0.59%. The guru holds 0.55% of the company’s outstanding shares.
Edison International through its subsidiaries is a generator and distributor of electric power and an investor in infrastructure and energy assets including renewable energy.
Simons is the largest shareholder among the gurus with 0.92% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.86%, RS Investment Management (Trades, Portfolio) with 0.1%, Pioneer Investments with 0.1%, Ruane Cunniff (Trades, Portfolio) with 0.01% and NWQ Managers (Trades, Portfolio) with 0.01%.
Willis Towers Watson PLCĂ‚ (WLTW)
The investor increased his stake by 14.99% during the fourth quarter and increased it again by 1.91% in the first quarter. The guru holds 0.92% of the company’s outstanding shares.
Willis Towers Watson is an advisory, broking and solutions company. It has four reportable operating segments: Human Capital and Benefits, Corporate Risk and Broking, Investment, Risk and Reinsurance and Exchange Solutions.
The largest shareholder among the gurus is Jeff Ubben (Trades, Portfolio) with 6% of outstanding shares followed by David Herro (Trades, Portfolio) with 2.82%, First Eagle Investment (Trades, Portfolio) with 2.81%, Diamond Hill Capital with 1.48%, Barrow, Hanley, Mewhinney & Strauss with 1.25%, Jana Partners (Trades, Portfolio) with 1.09%, David Abrams (Trades, Portfolio) with 0.88%, Charles Brandes (Trades, Portfolio) with 0.78% and T Rowe Price Equity Income Fund with 0.65%.
Cognizant Technology Solutions Corp. (CTSH)
During the fourth quarter, the guru boosted his holding by 403.24% and by 41.86% in the first quarter. The guru holds 1.14% of the company’s outstanding shares.
Cognizant Technology Solutions provides information technology, consulting and business process services.
Grantham is another notable shareholder among the gurus with 0.74% of outstanding shares followed by Pioneer Investments with 0.58%, Jana Partners with 0.45%, Matthews Pacific Tiger Fund (Trades, Portfolio) with 0.41%, David Rolfe (Trades, Portfolio) with 0.39% and Alan Fournier (Trades, Portfolio) with 0.25%.
Hilton Worldwide Holdings Inc. (HLT)
During the fourth quarter, the investor increased his stake by 25.89% and in the first quarter increased it by 3.47%. The guru holds 1.29% of the company’s outstanding shares.
Hilton Worldwide Holdings operates hotels and resorts. The company manages an estimated 750,000 rooms over 10 brands. Some of its brands include Hampton, Hilton, Home2, Curio, Canopy and Tru.
Another notable shareholder among the gurus is Simons with 0.21% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.21%, Ron Baron (Trades, Portfolio) with 0.15%, John Burbank (Trades, Portfolio) with 0.12%, Cohen with 0.08%, Pioneer Investments with 0.06%, Signature Select Canadian Fund (Trades, Portfolio) with 0.02% and Greenblatt with 0.02%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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