On the 31st of December, Pzena Investment Management sold 355 thousand Lear Corp (NYSE:LEA) shares for $56 million at an average price of $159.03 per share. Shares of Lear Corp are down -3.50% since the transaction.
Pzena Investment Management's holding in Lear Corp decreased to about 4.6 million shares with the transaction.
Pzena Investment Management first bought Lear Corp stock in the fourth quarter of 2018. Pzena Investment Management also owns Dana Holding Corp (NYSE:DAN) and Motorcar Parts of America, Inc. (MPAA). Lear Corp is its number one position by number of shares and market value among automobile parts stocks.
Other investors who also reduced their Lear Corp shares include Harris Associates, Hotchkis & Wiley Capital Management, and Millennium Management. Contrary to Pzena Investment Management, Bridgewater Associates, California State Teachers Retirement System, and Citigroup (NYSE:C) added to LEA shares, while Paulson & Co., PGGM Investments, and Squarepoint Ops introduced LEA shares to their portfolio.
Pzena Investment Management has also recently added to their share in Motorcar Parts of America, Inc. The total value of the shares bought is estimated at around $2.9 million.
Pzena Investment Management also reduced their share in Axis Capital Holdings Limited (NYSE:AXS), Hooker Furniture Corporation (NASDAQ:HOFT) and JELD-WEN Holding, Inc. (NYSE:JELD). The total value of the shares sold is estimated at around $101 million.
In addition, Pzena Investment Management added to their share in National Oilwell Varco Inc (NYSE:NOV), Avnet Inc (NASDAQ:AVT), Triple-S Management Corporation (NYSE:GTS) and PVH Corp (NYSE:PVH). The total value of the shares bought is estimated at around $310 million.