GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Steven Romick's Second Quarter Increases

Monica Wolfe

Monica Wolfe

118 followers
Steven Romick of the FPA Crescent Fund increased his holdings in four companies in the second quarter. Romick’s Fund is valued at $6.801 billion and is made up of 57 stocks. Romick also purchased four new stocks during the most recent quarter.

ARRIS Group (ARRS)

During the second quarter Romick increased his position in the ARRIS Group by 70.32%. The guru bought 2,930,800 shares of ARRIS stock at an average price of $15.82 per share. Since his buy, the price per share has dropped 2.3%. Romick now holds on to a total of 7,098,800 shares of ARRIS representing 6.2% of the company’s shares outstanding and 1.5% of his total portfolio.

Steven Romick’s holding history of ARRIS:



ARRIS is a global communications technology company specializing in the design, engineering and supply of broadband network services for residential and business subscribers around the world. The company gives broadband operators the tools and platforms they need to deliver reliable telephony, demand driven video, next generation advertising and high speed data services.


ARRIS Group’s historical price, revenue and net income:

1373658088884.png

The Peter Lynch Chart shows that ARRIS Group appears to be overvalued:1373658584654.png

ARRIS Group has a market cap of $2.11 billion; its shares were traded at around $15.46 with a P/E ratio of 54.20 and a P/S ratio of 1.30.

There are currently nine gurus that hold a stake in ARRIS group. Click here to see their holding histories.

Oracle Corp. (ORCL)

During the most recent quarter, Steven Romick increased his position in Oracle by 43.24%. Romick bought a total of 2,665,400 shares at an average price of $32.52. Since his buy, the price per share has dropped approximately 5%. Romick currently holds 8,830,000 shares of Oracle representing approximately 0.21% of the company’s shares outstanding.

Steven Romick’s holding history as of the close of the first quarter:



Oracle provides enterprise software and computer hardware products and services. Its software, hardware systems and services businesses develop, manufacture, market, host and support database and middleware software, applications software and hardware systems, with the latter consisting mainly of computer server and storage products.

Oracle’s historical price, revenue and net income:

1373659461996.png

The analysis on Oracle reports:

· The operating margin is expanding.

· The revenue growth has slowed in the past year.

· The P/E ratio is nearing a 10-year low of 13.02.

· The P/B ratio is close to a 1-year low of 3.21.

The Peter Lynch Chart[ shows that the company appears to be undervalued:

1373659696664.png

Oracle has a market cap of $143.44 billion; its shares were traded at around $31.60 with a P/E ratio of 14.00 and a P/S ratio of 4.10. The dividend yield of Oracle stocks is 0.80%. The company had an annual average earnings growth of 20% over the past 10 years. GuruFocus rated Oracle the
business predictability rank of 5-star.

There are currently 34 gurus that hold a position in Oracle. Click here to see their holding histories.

Occidental Petroleum (OXY)

Romick increased his position in Occidental Petroleum by 32.04% during the second quarter. The guru purchased 646,900 shares at an average price of $88.19 per share. Since his second quarter increase, the price per share has increased approximately 1.9%. Romick now holds on to a total of 2,665,900 shares of Occidental Petroleum representing 0.33% of the company’s shares outstanding and 3.5% of his total portfolio.

Romick’s holding history of OXY:



Occidental Petroleum conducts its operations through various oil and gas, chemical, midstream, marketing and other subsidiaries and affiliates.

Occidental Petroleum’s historical price, revenue and net income:

1373661702020.png

The Peter Lynch Valuation Chart shows that Occidental Petroleum appears to be undervalued:1373661747603.png

The analysis on Occidental reports:

· The operating margin has been in a 5-year decline.

· The revenue has been in decline over the past year.

· The price is nearing a 1-year high of $93.12.

· The dividend yield is at a 5-year high.

Occidental Petroleum has a market cap of $71.77 billion; its shares were traded at around $90.22 with a P/E ratio of 16.50 and a P/S ratio of 3.00. The dividend yield for Occidental stocks is 2.60%. The company had an annual average earnings growth of 9.8% over the past ten years.

There are currently 27 gurus that hold a position in Occidental Petroleum. Click here to see their holding histories.

Groupe Bruxelles Lambert (XBRU:GBLB)

Romick upped his position in Groupe Bruxelles Lambert 22.68% during the second quarter. The guru bought a total of 382,481 shares at an average price of €59.95 per share. Since his buy, the price per share has decreased 0.1% per share. Romick now owns 2,068,628 shares of Groupe Bruxelles Lambert representing 2.3% of his total portfolio.

Romick’s holding history of Groupe Bruxelles Lambert:



Groupe Bruxelles Lambert is a holding company listed on the Brussels Stock Exchange. As of March 31, GBL was one of Belgium’s top ten companies. The company’s website states that it strives to develop a portfolio of investments focusing on a small number of industrial companies that are leaders in their market, in which it can play its role as a long-term professional shareholder.

GBL’s historical price, revenue and net income:

1373662991941.png

The Peter Lynch Valuation Chart shows that GBL appears to be overvalued:1373663135845.png

The analysis on Groupe Bruxelles Lambert reports:

· The company has poor financial strength.

· The company has issued €591.4 million of debt in the past year.

· The P/E, P/B and P/S ratios are at one-year lows of 32.15, 0.61 and 2.19, respectively.

Groupe Bruxelles Lambert has a market cap of €9.56 billion. Its shares were traded at around €59.88 with a P/E ratio of 33.67 and a P/S ratio of 2.30. The dividend yield for Groupe Bruxelles stocks is 3.32%.

You can view Steven Romick’s current portfolio here. Also check out his undervalued stocks, high yielding stocks and top growth companies.

Rating: 3.5/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide