Pzena Investment Management founder Richard Pzena (Trades, Portfolio) bought shares of the following stocks during the second quarter:
Pzena's Mylan NV (MYL, Financial) stake was increased 69.91% with an impact of 1.08% on the portfolio.
The pharmaceutical drug manufacturer develops generic and over-the-counter (OTC) products in a variety of dosage forms and therapeutic categories.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity (ROE) of 4.82% and return on assets (ROA) of 1.70% are underperforming 60% of companies in the Global Drug Manufacturers - Specialty and Generic industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.06 is below the industry median of 2.05.
The company's largest shareholder among the gurus is the Vanguard Health Care Fund (Trades, Portfolio) with 5.47% of outstanding shares, followed by John Paulson (Trades, Portfolio) with 3.22%, David Einhorn (Trades, Portfolio) with 1.62%, Steven Romick (Trades, Portfolio) with 1.18% and First Pacific Advisors (Trades, Portfolio) with 1%.
The investor established a 2,339,878-share stake in Express Scripts Holding Co. (ESRX, Financial), giving it 0.99% portfolio space.
The pharmacy benefit manager offers health care management and administration services.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 22.21% and ROA of 6.87% are outperforming 68% of companies in the Global Health Care Plans industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.16 is below the industry median of 1.38.
Dodge & Cox is the company's largest shareholder among the gurus with 4.99% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 3.05%, Chris Davis (Trades, Portfolio) with 0.74%, Pzena with 0.49%, Charles Brandes (Trades, Portfolio) with 0.41% and Manning & Napier Advisors Inc. with 0.38%.
The guru boosted his Omnicom Group Inc. (OMC, Financial) holding by 21.30%. The trade an impact of 0.48% on the portfolio.
It communications company provides professional services to clients through multiple agencies.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 52.45% and ROA of 5.34% are outperforming 69% of companies in the Global Advertising Agencies industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.38 is below the industry median of 2.69.
First Eagle Investment (Trades, Portfolio) is the company's largest guru shareholder with 5.82% of outstanding shares, followed by Ruane Cunniff (Trades, Portfolio) with 0.93%, John Rogers (Trades, Portfolio) with 0.48%, Hotchkis & Wiley with 0.25%, Joel Greenblatt (Trades, Portfolio) with 0.15%, Jim Simons (Trades, Portfolio) with 0.13% and Jeremy Grantham (Trades, Portfolio) with 0.13%.
Pzena increased his Avnet Inc. (AVT, Financial) holding by 39.14%, expanding the portfolio 0.45%.
The company is a value-added distributor of electronic components, enterprise computer and storage products, IT solutions and embedded systems.Â
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 11.24% and ROA of 4.78% are outperforming 82% of companies in the Global Electronics Distribution industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 0.79 is below the industry median of 1.52.
Another notable guru shareholder is First Pacific Advisors with 1.39% of outstanding shares, followed by Hotchkis & Wiley with 1.1%, Tweedy Browne (Trades, Portfolio) with 0.68%, Richard Snow (Trades, Portfolio) with 0.58% and Diamond Hill Capital (Trades, Portfolio) with 0.52%.
The Hewlett Packard Enterprise Co. (HPE, Financial) position was boosted 27.66%, impacting the portfolio by 0.44%.
The communication equipment company provides servers, storage, networking and technology services.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 7.14% and ROA of 2.93% are outperforming 54% of companies in the Global Communication Equipment industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.58 is below the industry median of 2.11.
With 12.95% of outstanding shares, Dodge & Cox is the company's largest guru shareholder, followed by PRIMECAP Management (Trades, Portfolio) with 3.74%, Hotchkis & Wiley with 3.09% and Daniel Loeb (Trades, Portfolio) with 0.37%.
The guru increased his Ford Motor Co. (F, Financial) holding by 38.44%, impacting the portfolio 0.41%.
The company manufactures automobiles and sells its products under its Ford and Lincoln brands.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the ROE of 12.29% is outperforming the sector, the ROA of 1.58% is underperforming 73% of companies in the Global Auto Manufacturers industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.27 is below the industry median of 0.59.
The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 0.63% of outstanding shares, followed by Diamond Hill Capital with 0.4%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.19%, Steven Cohen (Trades, Portfolio) with 0.07%, Greenblatt with 0.03% and Pioneer Investments (Trades, Portfolio) with 0.03%.
Pzena added 28.07% to his Capital One Financial Corp. (COF) position. The trade had an impact of 0.4% on the portfolio.
Through its banking and non-banking subsidiaries, the company markets financial products and services.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 7% and ROA of 1.05% are underperforming 66% of the companies in the Global Credit Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.14 is below the industry median 1.44.
With 9.22% of outstanding shares, Dodge & Cox is the company's largest guru shareholder, followed by Hotchkis & Wiley with 1.12%, Bill Nygren (Trades, Portfolio) with 0.92%, Diamond Hill Capital with 0.8%, Davis with 0.78% and Barrow, Hanley, Mewhinney & Strauss with 0.78%.
The guru bought a 793,663-share stake in Gibraltar Industries Inc. (ROCK, Financial), giving it 0.15% portfolio space.
The company manufactures building products for the industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 4.90% and ROA of 2.45% are underperforming 57% of companies in the Global Building Materials industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.87 is above the industry median of 0.45.
The company largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 4.81% of outstanding shares, followed by Simons with 3.75%, Chuck Royce (Trades, Portfolio) with 0.81%, Greenblatt with 0.72%, Mario Gabelli (Trades, Portfolio) with 0.03% and Paul Tudor Jones (Trades, Portfolio) with 0.02%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
