GuruFocus Premium Membership

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

Free Trial

Free 7-day Trial
All Articles and Columns »

Soros and Gabelli Make Minor Portfolio Adjustments

July 25, 2013 | About:
Monica Wolfe

Monica Wolfe

127 followers
Yesterday GuruFocus Real Time Picks reported minor adjustments in the portfolios of Mario Gabelli and George Soros. Gabelli made two slight increases in his position in Fisher Communications (FSCI) and Soros made two decreases in his holdings in Exar Corporation (EXAR).

Mario Gabelli


Mario Gabelli made two increases to his holdings in Fisher Communications over the past week. On July 23, Gabelli increased his position by 0.23%. The guru added 4,200 shares at an average price of $41.12 per share. This increase brought his total shares to 1,857,144.

More recently, on July 24, Gabelli made another slight increase, upping his stake 0.22%. His second buy totaled 4,026 shares valued at $41.11 per share. The share price has not changed since Gabelli’s most recent buy. The guru now holds on to a total of 1,861,170 shares of Fisher Communications, representing a massive 21.15% of the company’s shares outstanding.

Gabelli’s holding history as of the first quarter:



Fisher Communications is a Seattle-based communications company that owns and operates 13 full power television stations, seven low power television stations, three owned radio stations and one managed radio station. The company also owns and operates Fisher Interactive Network, its online division, and Fisher Pathways, a satellite and fiber transmission provider.

Fisher Communications historical price, revenue and net income:

1374767108555.png

The analysis on Fisher reports that the company has no debt and that its dividend yield is at a 10-year high. It also notes that the price is sitting near a 5-year high, the P/B ratio is close to a 10-year high of 3.01 and the P/S ratio is sitting at a 5-year high.

The Peter Lynch Chart shows the Fisher Communications currently appears to be overvalued:

1374769258035.png

Fisher Communications paid a quarterly cash dividend from 2000 to 2002 and then quit until December 2012. The company has offered a quarterly dividend since then. Check out Fisher’s new dividend history page here!

Fisher Communications’ historical dividend yield history:

1374768605219.png

Fisher Communications has a market cap of $365 million. Its shares are currently being traded at around $41.13 with a P/E ratio of 25.70, a P/S ratio of 2.20 and a P/B ratio of 3.00.

There are four gurus that hold positions in FSCI. Click here to see their holding histories.

George Soros

Soros has been continuously making slight decreases in his position in Exar Corp. since Oct. 2012. Over the past week the guru made two more sells of his shares of EXAR. On July 19, he reduced his position -2.35% by selling 147,293 shares of the company’s stock. Soros sold these shares at an average price of $12.53 per share. Since this sell the price per share has dropped approximately 2%.

On July 22 Soros made another decrease in his holdings. This time Soros reduced his position 0.43% by selling a total of 26,561 shares of Exar stock. Soros sold these shares at an average price of $12.45 per share. Since his second sell, the share price has decreased approximately 1%.

George Soros is still the largest guru shareholder of Exar stock, holding on to 6,083,725 shares representing approximately 13% of the company’s shares outstanding.

Soros’ holding history of Exar as of March 31:



Exar designs, develops and markets high performance, analog mixed-signal integrated circuits and advanced sub-system solutions for the networking and storage, industrial and embedded systems and communications infrastructure markets. The company’s product portfolio includes power management and connectivity components, communications products, network security and storage optimization solutions.

Exar’s historical price, revenue and net income:

1374771372717.png

The analysis on Exar Corp. reports that the company’s revenue has been in decline over the past three years and that the price is sitting near a 5-year high. It also notes that the company’s ratios are sitting at highs as well. The P/E ratio is at a 5-year high, the P/B ratio is at a 10-year high and the P/S ratio is at a 5-year high. It also reports that the company has comfortable interest coverage.

Exar Corp has a market cap of $582.8 million. Its shares are currently being traded at $12.52 with a P/E ratio of 207.20, a P/S ratio of 4.80 and a P/B ratio of 2.50.

Chuck Royce, George Soros and Jim Simons all maintain positions in Exar Corp. Click here to see their holding histories.

Check out the most current GuruFocus Real Time Picks here.

Try a free 7-day Premium Membership trial.

Rating: 3.5/5 (4 votes)

Comments

Cornelius Chan
Cornelius Chan - 1 year ago
Awhile back I think it was Monica Wolfe who wrote an article outlining Soros' dumping of his gold holdings... just before the price nose-dived. (nose-dove?)

It would be interesting to see an update on how much losses he saved by his actions at that time.

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