© Reuters. Pzena Investment Management increased stake in Triple-S Management Corporation
On the 31st of December, Pzena Investment Management bought 71 thousand Triple-S Management Corporation (NYSE:) shares for $1.5 million at an average price of $21.35 per share.
Shares of Triple-S Management Corporation are up 14.10% since the transaction.
Pzena Investment Management’s holding in Triple-S Management Corporation increased to about 2.2 million shares with the purchase.
Pzena Investment Management first bought Triple-S Management Corporation stock in the second quarter of 2015.
Pzena Investment Management also owns American International Group Inc (NYSE:), Equitable Holdings, Inc. (NYSE:), Axis Capital Holdings Limited (NYSE:) and Metlife Inc (NYSE:).
Triple-S Management Corporation is its number eight position by number of shares and market value among insurance stocks.
Contrary to Pzena Investment Management, Citigroup (NYSE:), Hotchkis & Wiley Capital Management, and Victory Capital Management reduced GTS shares.
Pzena Investment Management also reduced their share in Hooker Furniture Corporation (NASDAQ:) and JELD-WEN Holding, Inc. (NYSE:).
The total value of the shares sold is estimated at around $92 million.
In addition, Pzena Investment Management added to their share in National Oilwell Varco Inc (NYSE:), Avnet Inc (NASDAQ:), PVH Corp (NYSE:) and Motorcar Parts of America, Inc. (MPAA).
The total value of the shares bought is estimated at around $312 million.
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