Diamond Hill Capital (Trades, Portfolio) Management is a registered investment adviser based in Columbus, Ohio. Diamond Hill manages a portfolio composed of 152 stocks with a total value of $15,053 million, and the following are the largest trades during the second quarter of 2015.
It bought 5,431,323 shares of Tegna Inc. (TGNA) with an impact of 1.16% on the portfolio.
The company is an international media and marketing solutions company with diverse local content providers in the U.S.
Tegna had a strong second quarter with its separation into two more sharply-focused public companies, Tegna and Gannett. Adjusted EBITDA had a 10% year-over-year increase driven by strong Broadcast and Digital Segment results. Overall company revenue grew by 4%.
The stock is trading with a P/E ratio of 5.76 and has been as high as $38.48 and as low as $21.30 in the past year. It is currently 33.97% below its 52-week high and 19.30% above its 52-week low. According to the DCF calculator, the company currently looks undervalued by 61%.
Carl Icahn is the main guru shareholder with 6.61% of outstanding shares, followed by Manning & Napier Advisors with 2.43% and Diamond Hill Capital (Trades, Portfolio) with 2.40%.
It reduced its stake in Gannett Co. Inc. (GCI) by 62.28% and with an impact of 0.85% on the portfolio.
Gannett is a leading media and marketing company with unparalleled local-to-national reach, successfully connecting consumers, communities and businesses.
During the second quarter, the company achieved 92 million domestic digital visitors, which represents an increase of 16% over the prior year. Operating revenues for the second quarter had a decrease of 8.7%.
Carl Icahn (Trades, Portfolio) is the main guru shareholder of the company with 6.51% of outstanding shares, followed by Manning & Napier Advisors with 2.39%.
Diamond Hill reduced its stake in EOG Resources Inc. (EOG) by 29.36% with an impact of 0.57% on the portfolio.
The company explores for, develops, produces and markets crude oil and natural gas in the U.S., Trinidad, United Kingdom, China and Argentina. The Company's operations are focused in the U.S. and Canada.
During the last quarter EOG continued to improve well productivity and reduce completed well costs. The company has been generating good returns in its all key assets with $50 oil, and it increased returns in all key plays during the quarter.
The stock is trading with a P/E ratio of 34.10 and has been as high as $103.4 and as low as $68.15 in the past year. It is currently 17.29% below its 52-week high and 25.05% above its 52-week low. According to the DCF calculator, the company currently looks overpriced by 257%.
Chris Davis (Trades, Portfolio) is the main guru shareholder with 0.6% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.52% and Steven Cohen (Trades, Portfolio) with 0.51%.
The fund increased its stake in Whirlpool Corp. (WHR) by 32.83% and with an impact of 0.55% on the portfolio.
The company is a manufacturer and marketer of home appliances and related products. Its products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers and other portable household appliances.Â
For the second quarter, net sales increased by 11% compared to the prior-year period. The strong financial results delivered by WHR in the second quarter reflect the strength of its expanded global platform.
The stock is trading with a P/E ratio of 18.72 and has been as high as $217.11 and as low as $140.04 in the past year. It is currently 27.20% below its 52-week high and 12.87% above its 52-week low. According to the DCF calculator, the company currently looks overpriced by 107%.
Diamond Hill Capital (Trades, Portfolio) is the main guru shareholder with 2.48% of outstanding shares, followed by David Tepper (Trades, Portfolio) with 1.42% and Bill Nygren (Trades, Portfolio) with 1.4%.
Diamond Hill also increased its stakes in BorgWarner Inc. (BWA) by 375.75% and with an impact of 0.47% on the portfolio.
The company is a supplier of engineered automotive systems and components for powertrain applications. Its products help improve vehicle performance, fuel efficiency, stability and air quality.
The impact of foreign currencies caused net sales to decline 7% compared with the year-ago quarter.
The stock is trading with a P/E ratio of 16.08 and has been as high as $63.30 and as low as $37.33 in the past year. It is currently 30.17% below its 52-week high and 18.40% above its 52-week low. According to the DCF calculator, the company currently looks overpriced by 9%.
Diamond Hill Capital (Trades, Portfolio) is the main guru shareholder with 0.70% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.4% and Pioneer Investments (Trades, Portfolio) with 0.38%.
Diamond Hill sold out its stake of McDonald's Corp. (MCD) with an impact of 0.45% on the portfolio.
The company franchises and operates McDonald's restaurants in the food service industry. These restaurants serve a broad menu at various price points in more than 100 countries around the world.Â
During the last quarter consolidated revenues decreased by 10% and global comparable sales decreased by 0.7%.
The stock is trading with a P/E ratio of 23.91 and has been as high as $103.47 and as low as $87.50 in the past year. It is currently 0.28% below its 52-week high and 17.92% above its 52-week low. According to the DCF calculator, the company currently looks overpriced by 30%.
Mason Hawkins (Trades, Portfolio) is the main guru shareholder with 1.05% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 0.63% and Larry Robbins (Trades, Portfolio) with 0.31%.
