On the 31st of December, Pzena Investment Management bought 71 thousand Triple-S Management Corporation (NYSE:GTS) 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:AIG), Equitable Holdings, Inc. (NYSE:EQH), Axis Capital Holdings Limited (NYSE:AXS) and Metlife Inc (NYSE:MET). 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:C), Hotchkis & Wiley Capital Management, and Victory Capital Management reduced GTS shares.
Pzena Investment Management also reduced their share in Hooker Furniture Corporation (NASDAQ:HOFT) and JELD-WEN Holding, Inc. (NYSE:JELD). 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:NOV), Avnet Inc (NASDAQ:AVT), PVH Corp (NYSE:PVH) and Motorcar Parts of America, Inc. (MPAA). The total value of the shares bought is estimated at around $312 million.