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Weekly Guru Bargains Highlights: CBI, RF, TMH, IVN, ITT

October 01, 2011 | About:

hyperman299

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According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Chigago Bridge & Iron (CBI): Down 24% Since Joel Greenblatt Bought In the Quarter Ended on 2011-06-30

Joel Greenblatt initiated holdings in Heavy Construction company Chigago Bridge & Iron during the quarter ended 06/30/2011. His purchase prices were between $33.26 and $42.1, with an estimated average price of $37.65. Since then the prices of Chigago Bridge & Iron shares have declined by -24% from the estimated average. Joel Greenblatt owned 23,849 shares of as of 06/30/2011.

Chicago Bridge & Iron Company N.V. designs, builds, repairs and modifies steel tanks and other steel plate structures and associated systems. Chigago Bridge & Iron has a market cap of $2.83 billion; its shares were traded at around $28.63 with a P/E ratio of 12.3 and P/S ratio of 0.8. The dividend yield of Chigago Bridge & Iron stocks is 0.5%. Chigago Bridge & Iron had an annual average earnings growth of 10.2% over the past 10 years. GuruFocus rated Chigago Bridge & Iron the business predictability rank of 2-star.

CBI recently reported net income of $61.9 million, or $0.62 per diluted share, for the second quarter of 2011. Revenue for the quarter was $1.1 billion. New awards for the second quarter totaled $1.2 billion, including a gas processing plant in the northeastern U.S., an engineering contract for an offshore platform in the North Sea, and storage tank projects in the Canadian oil sands and the Bahamas. Backlog as of June 30 was $7.3 billion.

Joel Greenblatt bought 23,849 shares in the quarter that ended on 06/30/2011, which is 0.1297% of the $715 million portfolio of Gotham Capital. George Soros bought 200,000 shares in the quarter that ended on 06/30/2011, which is 0.1094% of the $7.11 billion portfolio of Soros Fund Management LLC. David Dreman owns 85,678 shares as of 06/30/2011, an increase of 43.86% from the previous quarter. This position accounts for 0.0638% of the $5.23 billion portfolio of Dreman Value Management.

President and CEO Philip K Asherman sold 21,366 shares of CBI stock on 09/07/2011 at the average price of 35.2. Philip K Asherman owns at least 671,910 shares after this. The price of the stock has decreased by 18.66% since. Other insiders have also decreased their positions in the company.

Regions Financial Corp. (RF): Down 51% Since Bruce Kovner Bought In the Quarter Ended on 2011-06-30

Bruce Kovner added to his holdings in Banks company Regions Financial Corp. by 148.63% during the quarter ended 06/30/2011. His purchase prices were between $5.94 and $7.44, with an estimated average price of $6.81. Since then the prices of Regions Financial Corp. shares have declined by -51% from the estimated average. Bruce Kovner owned 668,389 shares of as of 06/30/2011.

Regions Financial Corporation is a regional bank holding company and hasbanking-related subsidiaries engaged in mortgage banking, credit life insurance, leasing, and securities brokerage activities with offices in various Southeastern states. Regions Financial Corp. has a market cap of $4.19 billion; its shares were traded at around $3.33 with and P/S ratio of 0.6. The dividend yield of Regions Financial Corp. stocks is 1.3%.

Regions Financial recently reported its second quarter results. The company reported earnings of 4 cents per diluted share reflect improved core business performance, compared to a loss of 28 cents per diluted share for the second quarter in 2010

HOTCHKIS & WILEY owns 18,059,100 shares as of 06/30/2011, which accounts for 0.6546% of the $17.1 billion portfolio of Hotchkis & Wliey Capital Management LLC. John Paulson owns 19,343,700 shares as of 06/30/2011, which accounts for 0.4127% of the $29.06 billion portfolio of Paulson & Co.. Brian Rogers owns 10,660,600 shares as of 06/30/2011, which accounts for 0.3052% of the $21.55 billion portfolio of T Rowe Price Equity Income Fund. Bruce Berkowitz owns 123,888,637 shares as of 06/30/2011, which accounts for 5.9487% of the $12.91 billion portfolio of Fairholme Capital Management. Richard Pzena owns 962,600 shares as of 06/30/2011, which accounts for 0.0541% of the $11.03 billion portfolio of Pzena Investment Management LLC. Charles Brandes owns 3,889,231 shares as of 06/30/2011, which accounts for 0.1709% of the $14.11 billion portfolio of Brandes Investment. Arnold Schneider owns 5,082,748 shares as of 06/30/2011, which accounts for 1.8251% of the $1.73 billion portfolio of Schneider Capital Management.

SEVP & GC Fournier J. Gale Iii bought 10,000 shares of RF stock on 08/22/2011 at the average price of 3.94. Fournier J. Gale Iii owns at least 65,421 shares after this. The price of the stock has decreased by 15.48% since. Other insiders have also increased their positions in the company.

Team Health Holdings (TMH): Down 21% Since Bruce Kovner Bought In the Quarter Ended on 2011-06-30

Bruce Kovner initiated holdings in Banks company Team Health Holdings during the quarter ended 06/30/2011. His purchase prices were between $18.02 and $22.6, with an estimated average price of $20.76. Since then the prices of Team Health Holdings shares have declined by -21% from the estimated average. Bruce Kovner owned 11,781 shares of as of 06/30/2011.

Team Health Holdings, L.L.C. is a supplier of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Team Health Holdings has a market cap of $1.07 billion; its shares were traded at around $16.42 with a P/E ratio of 13.9 and P/S ratio of 0.4.

TMH recently announced results for its second quarter of 2011. "We are pleased with our strong second quarter results, highlighted by solid growth in revenues, net earnings, and Adjusted EBITDA," said TeamHealth President and Chief Executive Officer, Greg Roth. Net revenue less provision for uncollectibles increased 13.8% to $427.2 million from $375.5 million in the second quarter of 2010.

10% Owner Management Associat Blackstone sold 830,000 shares of TMH stock on 04/05/2011 at the average price of 16.33. Management Associat Blackstone owns at least 35,506,562 shares after this. The price of the stock has increased by 0.55% since.

Ivanhoe Mines Ltd (IVN): Down 45% Since George Soros Bought In the Quarter Ended on 2011-06-30

George Soros initiated holdings in Nonferrous Metals company Ivanhoe Mines Ltd during the quarter ended 06/30/2011. His purchase prices were between $21.94 and $28.44, with an estimated average price of $24.8. Since then the prices of Ivanhoe Mines Ltd shares have declined by -45% from the estimated average. George Soros owned 109,300 shares of as of 06/30/2011.

Ivanhoe Mines is a producer of copper, gold and iron ore products. Ivanhoe Mines Ltd has a market cap of $9.73 billion; its shares were traded at around $13.7 with a P/E ratio of 685 and P/S ratio of 122. Ivanhoe Mines Ltd had an annual average earnings growth of 12.5% over the past 5 years.

George Soros bought 109,300 shares in the quarter that ended on 06/30/2011, which is 0.0389% of the $7.11 billion portfolio of Soros Fund Management LLC. John Griffin owns 3,927,000 shares as of 06/30/2011, a decrease of 36.89% of from the previous quarter. This position accounts for 1.4983% of the $6.63 billion portfolio of Blue Ridge Capital.

ITT (ITT): Down 27% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2011-06-30

Manning & Napier Advisors, Inc added to his holdings in Diversified Industrials company ITT by 25.62% during the quarter ended 06/30/2011. His purchase prices were between $54.57 and $60.79, with an estimated average price of $57.39. Since then the prices of ITT shares have declined by -27% from the estimated average. Manning & Napier Advisors, Inc owned 7,340 shares of as of 06/30/2011.

ITT Corporation supplies advanced technology products and services in several growth markets. Itt has a market cap of $7.78 billion; its shares were traded at around $42 with a P/E ratio of 9.1 and P/S ratio of 0.7. The dividend yield of Itt stocks is 2.4%. Itt had an annual average earnings growth of 8.4% over the past 10 years. GuruFocus rated Itt the business predictability rank of 4-star.

ITT recently reported 2011 second-quarter revenue of $3 billion. Income from continuing operations was $168 million, down 26 percent from the prior-year period, primarily due to spinoff-related costs to create independent companies from its defense and water businesses. Excluding the impact of these costs, income from continuing operations for the quarter was $220 million, or $1.18 per share, representing 4 percent year-over-year growth.

George Soros owns 235,070 shares as of 06/30/2011, an increase of 3424.29% from the previous quarter. This position accounts for 0.1948% of the $7.11 billion portfolio of Soros Fund Management LLC. Jean-Marie Eveillard owns 46,700 shares as of 06/30/2011, an increase of 2647.06% from the previous quarter. This position accounts for 0.0127% of the $21.61 billion portfolio of First Eagle Investment Management, LLC.

Vice President Frank R Jimenez bought 100 shares of ITT stock on 08/04/2011 at the average price of 48.99. Frank R Jimenez owns at least 11,197 shares after this. The price of the stock has decreased by 14.27% since.


Rating: 3.9/5 (12 votes)

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