Active Guru Arnold Schneider Increases Position in SPF, BAC, WPX

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Apr 30, 2013
Standard Pacific Corporation (SPF, Financial): According to GuruFocus Real Time Picks, Guru Arnold Schneider of Schneider Capital Management increased his SPF position by 230.02% as of March 31, 2013. Schneider bought 1,010,990 shares at an average price of $8.20 per share for a 10% gain.

Up 78% over 12 months, Standard Pacific Corporation (SPF) is a residential construction company. Company sales for the fiscal year 2011 were $1.26 billion, up by 41.57% as compared to sales in fiscal year 2010 of $0.89 billion. The earnings per share for the fiscal year 2011 were $1.51 compared to a negative $0.04 in fiscal year 2010. The current SPF share price is $9.23 with a change from average up 13%. This trade will impact his portfolio by 0.77%. Schneider currently owns 1,450,515 shares after the trade.

His holding history:



Bank of America Corp. (BAC, Financial)

Guru Schneider also increased his BAC position by 30.72% as of March 31, 2013. Schneider bought 530,392 shares at an average price of $11.84 per share for a gain of 3.6%.

Up 48% over 12 months, Bank of America Corp. (BAC) has recently agreed to pay $500 million to settle the lawsuit brought against the company by the Maine State Retirement System and others claiming that its acquisition, Countrywide Financial, had misled pension funds about mortgage quality before the financial industry crisis.

The current BAC share price is $12.38 with a change from average up 5%. This trade will impact his portfolio by 0.59%. Arnold Schneider currently owns 2,256,750 shares after the trade.

Schneider’s holding history:



WPX Energy Inc. (WPX, Financial)

Guru Arnold Schneider also increased his WPX position by 143.7% as of March 31, 2013. Schneider bought 767,314 shares at an average price of $15.27 per share for a 2.5% gain. He currently owns 1,301,271 shares after the trade.

WPX Energy Inc. is an oil and gas exploration and production company, down 12% over 12 months. Analysts are expecting a loss of $0.69 per share for the fiscal year, according to today’s Forbes Earnings Preview. The current WPX share price is $15.73 with a change from average up 3%. This trade will impact Schneider Capital Management’s $1.1 billion portfolio by 1.12%.

Schneider’s holding history:



Arnie Schneider is president, chief investment officer and principal of Schneider Capital Management Corp. His recent portfolio update shows 122 stocks with a total value of $1.1 billion and a quarter-over-quarter turnover of 6%. Here are his top buys, sells and holdings:



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