The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios.
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. Mario Gabelli, George Soros and Daniel Loeb all reported real time stock picks over the past week.
Mario Gabelli made two increases to his holdings in Fisher Communications (FSCI) 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.
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:
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:
Fisher Communications has a market cap of $364.5 million. Its shares are currently trading at around $41.12 with a P/E ratio of 25.70, a P/S ratio of 2.10 and a P/B ratio of 3.00.
Soros has been continuously making slight decreases in his position in Exar Corp. (EXAR) 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:
Exar has a market cap of $578.8 million. Its shares are currently being traded at around $12.86 with a P/E ratio of 194.90, a P/B ratio of 2.60 and a P/S ratio of 4.90.
On July 22 Daniel Loeb decreased his position in Yahoo! (YHOO) by 66.77%. The guru sold a total of 41,400,000 shares at an average price of $29.11 per share. This sell comes as Yahoo! announced that they would be repurchasing 40 million shares held by Loeb’s fund, Third Point. The purchase price equaled the closing price of Yahoo! common stock on July 19.
Since this sell, the price per share has dropped approximately 3%. As of the first quarter Loeb held 5.63% of the company’s shares outstanding, but as of his most recent sell he holds 1.87% of Yahoo’s shares. Daniel Loeb now owns 20,600,000 shares of Yahoo!, keeping him as the top guru shareholder.
Daniel Loeb’s holding history of Yahoo as of quarter one:
Daniel Loeb placed a lot of time and money in his turnaround vision for Yahoo, which has shown great success thus far as his most recent sell locks in a massive $665 paycheck for Third Point. It was Loeb that helped remove former CEO Scott Thompson from his position which lead to current CEO Marissa Mayer’s arrival.
According to GuruFocus Guru Trade’s information, since Loeb’s initial buy, the fund cashed out at an impressive 129% gain.
Yahoo’s historical price, revenue and net income:
The Peter Lynch Chart shows that despite recent growth, Yahoo! still appears to be undervalued:
Yahoo! recently released its second quarter results recently which reported:
· GAAP revenue of $1.135 billion, versus $1.218 billion from the second quarter 2012 representing a 7% decrease.
· GAAP net earnings per diluted share up 68% to $0.30
· Non-GAAP net earnings per diluted share up 19% to $0.35
· Adjusted EBITDA for the second quarter was $369 million, a 7% decrease compared to the same period 2012.
You can read the full second quarter results here.
Yahoo! has a market cap of $29.97 billion. Its shares are currently being traded at around $28.11 with a P/E ratio of 7.80, a P/S ratio of 6.70 and a P/B ratio of 2.20. The company has seen an annual average earnings growth of 7.6% over the past 10 years.
Check out the most current GuruFocus Real Time Picks here.