Chuck Royce (Trades, Portfolio) of Royce & Associates LLC trimmed his stakes in four companies on July 31. He reduced his holdings with Alamo Group Inc. (ALG, Financial), MYR Group Inc. (MYRG, Financial), Gaia Inc. (GAIA, Financial) and Key Technology Inc. (KTEC, Financial).
Royce is involved in small- to mid-cap stocks. He founded Royce & Associates in 1972. He holds stock in 1,088 companies and is worth $15.85 million. His quarter-over-quarter turnover is 7%. His company conducts its own in-house research to determine what companies it will invest in.
Royce sold 483,772 shares in Alamo Group at an average price of $67.13 per share. Alamo Group designs and manufactures agricultural and infrastructure maintenance equipment and is headquartered in Seguin, Texas.
The company has a market cap of $723.6 million with an enterprise value of $847.6 million. It has a price-earnings (P/E) ratio of 16.4 with a forward P/E of 15.7. It has a price-book (P/B) ratio of 1.9 and a price-sales (P/S) ratio of 0.8. GuruFocus ranked its financial strength 7 of 10 and its profitability and growth 7 of 10. The transaction had an impact of -0.2% on his portfolio.
He has been reducing his stake since the fourth quarter of 2015, and he currently holds 465,680 shares. Other gurus invested in Alamo Group are Third Avenue Management (Trades, Portfolio), John Keeley (Trades, Portfolio), Jim Simons (Trades, Portfolio), David Dreman (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio).
Royce sold 859,866 shares in MYR Group at an average price of $24.67 per share. MYR provides specialty electrical construction services and was established in Delaware in 1995.
The company has a market cap of $501.2 million with an enterprise value of $472.5 million. It has a P/E of 25.7 with a forward P/E of 22.2. It has a P/B of 1.7 and a P/S of 0.5. GuruFocus ranked its financial strength 8 of 10 and its profitability and growth 6 of 10. The transaction had an impact of -0.13% on his portfolio.
He has been reducing his stake since the second quarter of 2015; he currently holds 551,211 shares. Other gurus invested in MYR are Simons and Paul Tudor Jones (Trades, Portfolio).
Royce sold 1,946,315 shares in Gaia at an average price of $8.17 per share. Gaia develops and markets yoga, fitness and wellness products and accessories.
The company has a market cap of $201.7 million with an enterprise value of $193.3 million. It has a P/B of 2.6 and a P/S of 1.09. GuruFocus ranked its financial strength 8 of 10 and its profitability and growth 3 of 10. The transaction had an impact of -0.1% on his portfolio.
He has been reducing his stake since the first quarter, and he currently holds 49,400 shares. Other gurus invested in Gaia are John Rogers (Trades, Portfolio) and Simons.
Royce sold 358,000 shares in Key Technology at an average price of $9.75 per share. Key Technology supplies process automation solutions to the food processing industry, tobacco companies and pharmaceutical companies. It also produces vegetable processing equipment.
The company has a market cap of $61.1 million with an enterprise value of $62.5 million. It has a P/B of 0.9 and a P/S of 0.5. GuruFocus ranked its financial strength 6 of 10 and its profitability and growth 3 of 10. The transaction had an impact of -0.02% on his portfolio.
He has been reducing his stake since the third quarter of 2015, and he currently holds 222,441 shares. Other gurus invested in Key Technology are Simons and Mario Gabelli (Trades, Portfolio).
Disclosure: I do not own stock in any companies discussed in the article.
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