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. We saw notable Real Time activity from Mario Gabelli, Edward Lampert and Kyle Bass.
Mario Gabelli
Mario Gabelli made the most real time transactions this week by making four different buys and sells over the past week.
Gabelli started the week by reducing his position in LIN Media (LIN). The guru reduced his position by -1.36%. Gabelli sold a total of 23,007 shares at an average price of $16.88 per share. Gabelli now holds on to a total of 1,666,208 shares of LIN Media, representing 3.06% of the company’s shares outstanding.
LIN Media LLC is a local multimedia company that operates or services approximately 43 television stations and seven digital channels in 23 U.S. markets, and a diverse portfolio of web sites, apps and mobile products.
LIN’s historical price, revenue and net income:
LIN Media has a market cap of $913.5 million. Its shares are currently trading at around $16.81 with a P/E ratio of 7.60 and a P/S ratio of 1.40.
Gabelli then made two separate buys into Rochester Medical (ROCM). On Sept. 4, the guru upped his stake by over 30% and on Sept. 5, Gabelli added an additional 10.21%. The guru purchased a total of 227,600 shares at an average price of $19.90 per share. Gabelli now holds on to a total of 750,110 shares, representing about 6.12% of the company’s shares outstanding.
Rochester Medical Corporation develops a broad line of innovative, technologically enhanced PVC-free and latex-free urinary continence and urine drainage care products for the home and acute care markets.
Rochester Medical’s historical revenue and net income:
Rochester Medical has a market cap of $245.6 million. Its shares are currently trading at around $19.87 with a P/E ratio of 57.10 and a P/S ratio of 3.70.
Lastly, Gabelli increased his position in Canterbury Park Holding (CPHC). Gabelli upped his stake 3.18% by purchasing a total of 13,824 shares. He bought these shares at an average price of $11.11 per share, and since then the price per share is up about 3%. Gabelli now holds 447,944 shares, representing 10.74% of the company’s shares outstanding.
Canterbury Park Holding Corporation conducts pari-mutuel wagering operations and hosts unbanked card games at its Canterbury Park Racetrack and Card Casino facility in Shakopee, Minnesota.
Canterbuy’s historical revenue and net income:
Canterbury Park Holding has a market cap of $48 million. Its shares are currently trading at around $11.48 with a P/E ratio of 42.20 and a P/S ratio of 1.00. The company had an annual average earnings growth of 6.7% over the past five years.
Kyle Bass
On Sept. 3, Kyle Bass made his first buy into J.C. Penney (JCP). Bass is the Principal of Hayman Advisors, a Dallas-based fund he founded in 2006. The guru is well known and recognized based on the fortune he made in 2007 by correctly betting on the housing market collapse as well as betting against Greek and European sovereign debt.
Bass bought into the struggling retailer by purchasing a very notable 11,428,450 shares of the company’s stock. His newest position represents a 5.2% stake in the company and a 379.17% impact to his portfolio.
According to the SEC release, Bass bought his new holding at an average price of $12.72 per share. Since his buy the price per share is up 12%.
J. C. Penney Company, Inc., is a holding company, selling merchandise and services to consumers through its department stores and Direct channels. It offers products including family apparel and footwear, accessories, and fine and fashion jewelry.
J.C. Penney’s historical revenue and net income:
J.C. Penney has a market cap of $3.15 billion. Its shares are currently trading at around $14.26 with a P/S ratio of 0.20.
Edward Lampert
Over the past week Lampert reduced his stake in AutoNation (AN). The guru cut his holdings by -3.68% by selling a total of 1,131,093 shares. He sold these shares at an average price of $47.50, and the price is now trading up 4%. Lampert now holds on to 29,576,404 shares, representing 24.37% of the company’s shares outstanding.
AutoNation Inc. is an automotive retailer in the United States. The company offers a range of automotive products and services, including new vehicles, used vehicles, parts and automotive services, and automotive finance and insurance products.
AutoNation’s historical revenue and net income:
AutoNation has a market cap of $5.97 billion. Its shares are currently trading at around $49.27 with a P/E ratio of 17.90 and a P/S ratio of 0.40.
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Mario Gabelli
Mario Gabelli made the most real time transactions this week by making four different buys and sells over the past week.
Gabelli started the week by reducing his position in LIN Media (LIN). The guru reduced his position by -1.36%. Gabelli sold a total of 23,007 shares at an average price of $16.88 per share. Gabelli now holds on to a total of 1,666,208 shares of LIN Media, representing 3.06% of the company’s shares outstanding.
LIN Media LLC is a local multimedia company that operates or services approximately 43 television stations and seven digital channels in 23 U.S. markets, and a diverse portfolio of web sites, apps and mobile products.
LIN’s historical price, revenue and net income:
LIN Media has a market cap of $913.5 million. Its shares are currently trading at around $16.81 with a P/E ratio of 7.60 and a P/S ratio of 1.40.
Gabelli then made two separate buys into Rochester Medical (ROCM). On Sept. 4, the guru upped his stake by over 30% and on Sept. 5, Gabelli added an additional 10.21%. The guru purchased a total of 227,600 shares at an average price of $19.90 per share. Gabelli now holds on to a total of 750,110 shares, representing about 6.12% of the company’s shares outstanding.
Rochester Medical Corporation develops a broad line of innovative, technologically enhanced PVC-free and latex-free urinary continence and urine drainage care products for the home and acute care markets.
Rochester Medical’s historical revenue and net income:
Rochester Medical has a market cap of $245.6 million. Its shares are currently trading at around $19.87 with a P/E ratio of 57.10 and a P/S ratio of 3.70.
Lastly, Gabelli increased his position in Canterbury Park Holding (CPHC). Gabelli upped his stake 3.18% by purchasing a total of 13,824 shares. He bought these shares at an average price of $11.11 per share, and since then the price per share is up about 3%. Gabelli now holds 447,944 shares, representing 10.74% of the company’s shares outstanding.
Canterbury Park Holding Corporation conducts pari-mutuel wagering operations and hosts unbanked card games at its Canterbury Park Racetrack and Card Casino facility in Shakopee, Minnesota.
Canterbuy’s historical revenue and net income:
Canterbury Park Holding has a market cap of $48 million. Its shares are currently trading at around $11.48 with a P/E ratio of 42.20 and a P/S ratio of 1.00. The company had an annual average earnings growth of 6.7% over the past five years.
Kyle Bass
On Sept. 3, Kyle Bass made his first buy into J.C. Penney (JCP). Bass is the Principal of Hayman Advisors, a Dallas-based fund he founded in 2006. The guru is well known and recognized based on the fortune he made in 2007 by correctly betting on the housing market collapse as well as betting against Greek and European sovereign debt.
Bass bought into the struggling retailer by purchasing a very notable 11,428,450 shares of the company’s stock. His newest position represents a 5.2% stake in the company and a 379.17% impact to his portfolio.
According to the SEC release, Bass bought his new holding at an average price of $12.72 per share. Since his buy the price per share is up 12%.
J. C. Penney Company, Inc., is a holding company, selling merchandise and services to consumers through its department stores and Direct channels. It offers products including family apparel and footwear, accessories, and fine and fashion jewelry.
J.C. Penney’s historical revenue and net income:
J.C. Penney has a market cap of $3.15 billion. Its shares are currently trading at around $14.26 with a P/S ratio of 0.20.
Edward Lampert
Over the past week Lampert reduced his stake in AutoNation (AN). The guru cut his holdings by -3.68% by selling a total of 1,131,093 shares. He sold these shares at an average price of $47.50, and the price is now trading up 4%. Lampert now holds on to 29,576,404 shares, representing 24.37% of the company’s shares outstanding.
AutoNation Inc. is an automotive retailer in the United States. The company offers a range of automotive products and services, including new vehicles, used vehicles, parts and automotive services, and automotive finance and insurance products.
AutoNation’s historical revenue and net income:
AutoNation has a market cap of $5.97 billion. Its shares are currently trading at around $49.27 with a P/E ratio of 17.90 and a P/S ratio of 0.40.
Check out the most current GuruFocus Real Time Picks here.
Try a free 7-day Premium Membership trial.
