What the Gurus Bought This Week - Real Time Guru Update
The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they owns a greater-than 5% stake, SEC regulations require them to report their transaction within two days. Steven Cohen and Mario Gabelli both reported real time stock picks over the past week.
On July 17, Steven Cohen made a significant real-time increase in his holdings in WebMD Health Corporation (WBMD). Cohen increased his position by 2899% by purchasing a total of 2,510,592 shares. Cohen bought these shares at an average price of $32.41 per share. Since this increase the price per share has dropped by approximately 2%.
His most recent buy brings his total shares of WebMD to 2,597,194, representing 5.21% of the company’s shares outstanding. This increase makes Cohen the second largest guru shareholder WebMD following Carl Icahn who holds 13.43% of the company’s shares outstanding.
Steven Cohen’s holding history of WebMD as of March 31:
WebMD is a provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through their public and private online portals, mobile platforms and health-focused publications.
WebMD’s historical price, revenue and net income:
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On July 12, the company released its preliminary second quarter results which report that for the quarter WebMD expects:
· Revenue to be between $124 and $125 million, an increase of 10% to 11% over second quarter 2012.
· EBITDA to be approximately $29 million, or approximately 23% of revenue, an increase of 104% from the prior year period.
· Net income to be $3 million, or $0.05 per diluted share.
WebMD has a market cap of $1.61 billion. Its shares are currently trading at $31.50 with a P/E ratio of 737.00, a P/S ratio of 3.30 and a P/B ratio of 2.90.
On July 18, Mario Gabelli increased his position in Marcus Corporation (MCS) 9.7%. Gabelli purchased a total of 116,500 shares of Marcus at an average price of $12.87 per share. Since his buy, the price per share has dropped approximately -2%. Gabelli now holds on to a total of 1,317,513 shares of Marcus, representing 4.83% of the company’s shares outstanding.
Gabelli’s holding history of Marcus Corporation as of March 31:
As seen in his holding history, Mario Gabelli has significantly grown his position in MCS over the past five years.
The Marcus Corporation is involved in the lodging and entertainment industries, with significant company-owned real estate assets. The Marcus Corporation’s theatre division, Marcus Theaters, currently owns or manages 686 screens at 55 locations in seven states. The company’s lodging division, Marcus Hotels & Resorts, owns and/or manages 20 hotels, resorts and other properties in 11 states.
Marcus Corp’s historical price, revenue and net income:
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The company declared a quarterly dividend yesterday of $0.085 per share that will be paid on Aug. 15 to shareholders of the record on July 29.
Marcus Corporation has a market cap of $348.5 million. Its shares are currently being traded at around $12.88 with a P/E ratio of 17.70, a P/S ratio of 0.90 and a P/B ratio of 1.20. The company had an annual average earnings growth of 1.3% over the past five years.
Mario Gabelli made his first buy into Nobility Homes (NOBH) on July 18. Gabelli had formerly held a position in Nobility until he sold out of his holdings during the first quarter 2013. Gabelli purchased a total of 202,198 shares at an average price of $8 per share.
Gabelli’s holding history of Nobility Homes as of the first quarter:
Nobility Homes designs, manufactures and sells a line of manufactured homes through a network of its own retail sales centers throughout Florida. Nobility also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities.
Nobility Homes’ historical price, revenue and net income:
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The analysis on Nobility Homes notes that the company has no debt and that its P/B ratio is near a 10-year low of 0.51.
Nobility Homes has a market cap of $32.5 million. Its shares are currently being traded at around $8.00 with a P/E ratio of 769.20 and a P/S ratio of 2.10.
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