Richard Pzena acquired 7.66 Million Lear shares worth $682 Million. That's 2.60% of their equity portfolio (16th largest holding). The investor owns 14.67% of the outstanding Lear stock. The first Lear trade was made in Q4 2018. Since then Richard Pzena bought shares thirteen more times and sold shares on twelve occasions. The investor's estimated purchase price is $1.05 Billion, resulting in a loss of 35%.
On December 31, 2023, Pzena Investment Management, LLC, led by value investing stalwart Richard Pzena (Trades, Portfolio), made a notable adjustment to its h...
https://www.investing.com/news/stock-market-news/pzena-investment-management-reduced-stake-in-lear-corp-2403869