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Seagen Inc. Sale Marks Notable Portfolio Change for PRIMECAP Management (Trades, Portfolio)

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.

First Eagle Investment (Trades, Portfolio) has recently expanded its investment portfolio with a significant addition of shares in C.H. Robinson Worldwide Inc (NASDAQ:CHRW). The firm's investment philosophy is rooted in a value-oriented approach, focusing on absolute long-term performance and capital preservation over short-term index movements.

Despite the reduction, IPG Photonics Corp still constitutes 1.2% of First Eagle Investment (Trades, Portfolio)'s portfolio, with the firm holding a 9.07% stake in the company. Warning! GuruFocus has detected 5 Warning Signs with IPGP.

By Stephen Nakrosis Shares of Centrus Energy were trading higher after-hours following the release of fourth-quarter financial results that showed earnings...