|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Carl Icahn's First Quarter Increase
Posted by: Monica Wolfe (IP Logged)
Date: May 21, 2013 09:27PM
The always vocal Carl Icahn continues to hold positions which allow him to criticize upper management as well as demand board seats for himself or his partners. Staying true to his image, Icahn made four new buys in the first quarter, with two of those companies being highly popularized and controversial. Icahn only increased his holdings in one company (highlighted below) and did not sell out or decrease his holdings in any stock. As of the end of the first quarter 2013, Icahn held on to 19 stocks that were valued at $16.957 billion.
Transocean Ltd. (RIG)
In the first quarter, Carl Icahn increased his position in Transocean by 245.2%. Icahn bought 14,315,649 shares at an average price of $54.03 per share. Since his increase, the price per share of Transocean has dropped 1.4% from Icahn’s average purchase price. The guru holds on to 20,154,035 shares of Transocean, making up 6.2% of his total portfolio.
Click here for the Holding History of other gurus
Transocean is an international provider of offshore contract drilling services for oil and gas wells. The company’s main business is to contract its drilling rigs, related equipment and work crews predominantly on a dayrate basis to drill oil and gas wells. The company also provides oil and gas drilling management services on a dayrate basis or a completed-project, fixed-price basis, as well as drilling engineering and drilling project management.
Transocean has a market cap of $19.51 billion; its shares were traded around $53.46 with a P/E ratio of 19.50 and P/S ratio of 2.10. The dividend yield of Transocean stocks is 1.60%.
Since the first quarter, Icahn has increased his holdings in four other companies. Icahn increased his position in CVR Refining (CVRR) by 33.3%; he now holds 6 million shares of CVR Refining as of May 20, 2013. Icahn increased his position in Dell (DELL) by 1049.55%; he holds on to 80,468,322 shares as of May 9. Herbalife (HLF) was increased by 3.6% on May 3; Icahn holds on to 16,966,485 shares. Icahn increased his holdings in Nuance Communications (NUAN) by 15.58%. He owns 33,899,274 shares as of April 30, 2013.
Carl Icahn’s top five holdings:
· Icahn Enterprises (IEP) with 97,764,251 shares
· Dell Inc. (DELL) with 80,468,322 shares
· CVR Energy (CVI) with 71,198,718 shares
· Chesapeake Energy (CHK) with 59,698,689 shares
· Nuance Communications (NUAN) with 33,899,274 shares
You can view Carl Icahn’s current portfolio here. Also check out his Undervalued Stocks, Top Yielding Stocks and High Growth Companies.
Guru Discussed: Carl Icahn: Current Portfolio, Stock Picks
Stocks Discussed: RIG, CVRR, DELL, HLF, NUAN, IEP, CVI, CHK,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.