Charles Brandes Continues to Invests in Pain Therapeutics

Stocks the guru bought over the last 2 quarters

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Sep 06, 2016
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Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners. He started the firm in 1974. In both the first and second quarters the guru bought shares in the following stocks:

ITT Educational Services Inc. (ESI)

During the first quarter the guru increased his stake by 100.84% and in the second quarter increased the stake by 101.54%. The guru holds 0.19% of outstanding shares in the company that offers postsecondary degree programs in the U.S. It offers associate, bachelor's and master's degree programs.

Second quarter revenue decreased 17.7% from the same quarter of a year before and operating income increased 14.1%. The company reported an increase of 502% for net income.

The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 1.4% of outstanding shares.

Gold Resource Corp. (GORO)

During the first quarter the investor increased his stake by 148.71% and by 81.85% in the second quarter. The investor holds 0.13% of outstanding shares in the stock, which is an exploration stage company engaged in the exploration for and production of gold and silver in Mexico. It is a producer of metal concentrates that contain gold, silver, copper, lead and zinc at its El Aquila Project in Mexico.

Simons is the largest shareholder among the gurus with 3.43% of outstanding shares followed by Paul Tudor Jones (Trades, Portfolio) with 0.08%.

Hovnanian Enterprises Inc. (HOV)

During first quarter the guru increased his stake by 109.83% and increased it by 41.76% in the second quarter. The guru holds 0.04% of outstanding shares in the company that designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments.

Pain Therapeutics Inc. (PTIE)

During the first quarter the investor increased his stake by 107.92% and increased it 108.80% in the second quarter. The investor holds 0.17% of outstanding shares in the stock, a biopharmaceutical company that develops novel drugs. The company has four drug candidates in clinical programs including Remoxy, Oxytrex, PTI-202 and a novel radio-labeled monoclonal antibody to treat metastatic melanoma.

First Eagle Investment (Trades, Portfolio) is the largest shareholder among the gurus with 14.31% of outstanding shares followed by Simons with 1.73% and Mario Gabelli (Trades, Portfolio) with 0.14%.

SK Telecom Co. Ltd. ADRĂ‚ (SKM)

During the first quarter the guru increased his stake by 0.41% and in the second quarter increased it 4.93%. The company provides wireless telecommunications services. Its business segments are cellular services and fixed-line telecommunication services.

The largest shareholder among the gurus is Sarah Ketterer (Trades, Portfolio) with 0.49% of outstanding shares followed by Simons with 0.1% and Manning & Napier Advisors Inc. with 0.02%.

Alexander & Baldwin Inc. (ALEX)

During the first quarter the investor increased his stake by 18.13% and in the second quarter increased it by 14.82%. The investor currently holds 0.05% of outstanding shares of the stock, a real estate development company. It is engaged in real estate development, real estate leasing, materials and construction and agribusiness.

Meridian Funds (Trades, Portfolio) is the largest shareholder among the gurus with 0.84% of outstanding shares followed by Chris Davis (Trades, Portfolio) with 0.47%, Simons with 0.43%, Arnold Schneider (Trades, Portfolio) with 0.18% and Pioneer Investments (Trades, Portfolio) with 0.15%.

First Connecticut Bancorp Inc. (FBNK)

During the first quarter the investor increased his stake by 2.10% and in the second quarter raised it by 5.74%. The investor holds 0.34% of outstanding shares in the stock, a holding company that owns common stock of Farmington Bank, which provides various banking services to businesses, individuals and governments in Central Connecticut.

The largest shareholder among the gurus is Simons with 1.24% of outstanding shares.

International Speedway Corp. Class AĂ‚ (ISCA)

During the first quarter the guru increased his stake by 1.14% and in the second quarter increased it by 0.62%. The guru holds 0.06% of outstanding shares in the company, an owner of motorsports entertainment facilities and promoter of motorsports-themed entertainment activities in the U.S.

The largest shareholder among the gurus is John Rogers (Trades, Portfolio) with 8.53% of outstanding shares followed by Simons with 0.85%, Mario Gabelli (Trades, Portfolio) with 0.27%, Zeke Ashton (Trades, Portfolio) with 0.27%, Jones with 0.03% and Murray Stahl (Trades, Portfolio) with 0.03%.

Miller Industries Inc. (MLR)

During the first quarter the investor increased his stake by 2.93% and increased it 0.39% in the second quarter. The investor holds 0.26% of outstanding shares in the company, a manufacturer of towing and recovery equipment with executive offices in Ooltewah, Tennessee, domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the U.K.

Chuck Royce (Trades, Portfolio) is the company's largest shareholder among the gurus with 13.99% of outstanding shares followed by HOTCHKIS & WILEY with 12.33%, CI Can Am Small Cap (Trades, Portfolio) with 1.41%, Robert Olstein (Trades, Portfolio) with 0.92% and Jim Simons (Trades, Portfolio) with 0.49%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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