PRIMECAP Management (Trades, Portfolio), a renowned investment firm, has recently increased its investment in Transocean Ltd (NYSE:RIG), a significant player in the offshore drilling sector. Currently, Transocean Ltd constitutes 0.27% of PRIMECAP Management (Trades, Portfolio)'s portfolio, with the firm holding a 6.27% stake in the traded company.
On December 31, 2023, PRIMECAP Management (Trades, Portfolio) executed a significant stock transaction involving Mattel Inc (NASDAQ:MAT), a renowned toy manufacturer. The firm decided to reduce its holdings in Mattel, signaling a shift in its investment strategy regarding the toy company. This move by PRIMECAP Management (Trades, Portfolio), a firm known for its value-driven investment approach, has caught the attention of investors and market analysts alike, prompting discussions about the implications for Mattel's stock and PRIMECAP's portfolio.
Recent Acquisition by PRIMECAP Management (Trades, Portfolio) PRIMECAP Management (Trades, Portfolio), a renowned investment firm, has recently increased its investment in Elanco Animal Health Inc (NYSE:ELAN), a key player in the animal health sector. On December 31, 2023, PRIMECAP Management (Trades, Portfolio) executed an addition to its position, purchasing 1,431,665 shares.
First Eagle Investment (Trades, Portfolio) has recently expanded its investment portfolio with the addition of shares in Red Robin Gourmet Burgers Inc (NASDAQ:RRGB). On December 31, 2023, the firm acquired 889,413 shares of the casual-dining restaurant operator, reflecting a significant commitment to the company. The transaction, executed at a trade price of $12.47 per share, represents a 0.03% position in First Eagle Investment (Trades, Portfolio)'s portfolio and a 5.75% stake in Red Robin Gourmet Burgers Inc.
On December 31, 2023, Pzena Investment Management, LLC, led by value investing stalwart Richard Pzena (Trades, Portfolio), bolstered its position in Avnet Inc (NYSE:AVT) by adding 21,186 shares. This transaction expanded the firm's total holdings in Avnet to 8,751,446 shares, marking a significant vote of confidence in the electronic components distributor.