Richard Pzena Reduces APOL as Phoenix Rises for Others

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Mar 11, 2013
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Richard Pzena of Pzena Investment Management LLC reduced his Apollo Group Inc. (APOL, Financial) shares by 23.54% on Feb. 28, 2013. His current APOL shares are at 5,463,455, bought at $16.95, with a change from average of 1%. The current APOL price per share is $17.06. Apollo Group Inc. was incorporated in Arizona in 1981. Perhaps best known for its subsidiary, The University of Phoenix Inc., the education company offers both online and on-campus educational programs at the undergraduate and graduate levels. Apollo Group Inc. has a market cap of $1.92 billion; with a P/E ratio of 4.9 and P/S ratio of 0.5. GuruFocus rated Apollo Group Inc. the business predictability rank of 4.5-star.

Apollo Group’s revenue growth over 10 years is 19.6%.

1363031571399.pngAPOL data by GuruFocus.com

Pzena’s reduction comes after a long string of APOL adds by other investor Gurus at the end of December 2012, including Sarah Ketterer for 113.66%, Jeff Auxier for 35.62%, Ray Dalio for 88.26%, Joel Greenblatt for 47.34%, Ruane Cunniff for 157.46%, Paul Tudor Jones for 66.67% and Steven Cohen for 34.98%.

Pzena Investment Management is a global investment management firm with a portfolio listing 124 stocks with a total value of $12.1 billion. Pzena’s top three investment sectors are financial services at 35.6%, EFT, options, preferred at 20.2% and consumer cyclical at 12.4%.

Richard Pzena’s APOL Holding History



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