Beach Point Capital Management LP recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
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As of the latest 13F report, the guru’s equity portfolio contained 18 stocks valued at a total of $233.00Mil. The top holdings were FYBR(22.68%), VEL(16.30%), and LLAP(16.20%).
According to GuruFocus data, these were Beach Point Capital Management LP’s top five trades of the quarter.
Frontier Communications Parent Inc
Beach Point Capital Management LP reduced their investment in NAS:FYBR by 2,057,644 shares. The trade had a 11.69% impact on the equity portfolio. During the quarter, the stock traded for an average price of $25.46.
On 10/24/2022, Frontier Communications Parent Inc traded for a price of $21.62 per share and a market cap of $5.30Bil. The stock has returned -29.07% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Frontier Communications Parent Inc has a price-earnings ratio of 11.08, a price-book ratio of 1.11, a EV-to-Ebitda ratio of 7.27 and a price-sales ratio of 1.19.
FS KKR Capital Corp
Beach Point Capital Management LP reduced their investment in NYSE:FSK by 1,982,411 shares. The trade had a 9.29% impact on the equity portfolio. During the quarter, the stock traded for an average price of $20.86.
On 10/24/2022, FS KKR Capital Corp traded for a price of $18.06 per share and a market cap of $5.12Bil. The stock has returned -8.93% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, FS KKR Capital Corp has a price-earnings ratio of 11.97, a price-book ratio of 0.68 and a price-sales ratio of 8.49.
The price-to-GF Value ratio is 0.56, earning the stock a GF Value rank of 8.
AGNC Investment Corp
The guru established a new position worth 1,500,000 shares in NAS:AGNC, giving the stock a 5.41% weight in the equity portfolio. Shares traded for an average price of $11.74 during the quarter.
On 10/24/2022, AGNC Investment Corp traded for a price of $7.62 per share and a market cap of $4.02Bil. The stock has returned -45.26% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, AGNC Investment Corp has a price-book ratio of 0.61.
Invitation Homes Inc
The guru established a new position worth 210,003 shares in NYSE:INVH, giving the stock a 3.04% weight in the equity portfolio. Shares traded for an average price of $37.07 during the quarter.
On 10/24/2022, Invitation Homes Inc traded for a price of $32.88 per share and a market cap of $20.07Bil. The stock has returned -17.54% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Invitation Homes Inc has a price-earnings ratio of 57.70, a price-book ratio of 1.96, a price-earnings-to-growth (PEG) ratio of 7.80, a EV-to-Ebitda ratio of 21.63 and a price-sales ratio of 9.28.
The price-to-GF Value ratio is 0.98, earning the stock a GF Value rank of 5.
Albertsons Companies Inc
The guru sold out of their 246,839-share investment in NYSE:ACI. Previously, the stock had a 1.59% weight in the equity portfolio. Shares traded for an average price of $27.3 during the quarter.
On 10/24/2022, Albertsons Companies Inc traded for a price of $20.79 per share and a market cap of $11.12Bil. The stock has returned -30.99% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Albertsons Companies Inc has a price-earnings ratio of 7.03, a price-book ratio of 2.53, a price-earnings-to-growth (PEG) ratio of 0.30, a EV-to-Ebitda ratio of 4.44 and a price-sales ratio of 0.15.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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