GuruFocus Premium Membership

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

Free Trial

Free 7-day Trial
All Articles and Columns »

Consensus Sells—Groups of Gurus Unload Diverse Companies

September 10, 2013 | About:
Sally Jones

Sally Jones

49 followers
Using the GuruFocus Consensus Picks screener is an excellent way to find Guru preference for stocks according to sector, market cap, country, and the latest number of buys and sells on record. Showing the number of billionaires trading, this rapid-research tool creates meaningful groupings of what billionaire investors are buying, selling and holding.

Here are three consensus picks for diverse companies that billionaire investors reduced or sold, as of June 30, 2013.

Zep Inc. (ZEP)

Up 7% over 12 months, Zep Inc. has a market cap of $350.2 million; its shares were traded at around $15.46 with a P/E ratio of 17.50.

Founded in 1937, Zep Inc. is a producer, marketer, and service provider of a range of cleaning and maintenance solutions for commercial, industrial, institutional, and consumer end-markets. Zep’s product portfolio includes anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, and pest and weed control products.

Guru Action: As of June 30, 2013, three Gurus reduced their ZEP holdings.

Mario Gabelli reduced his position by 0.17%, selling 4,729 shares at an average price of $15.71, for a loss of 1.7%. He holds 12.56% of shares outstanding or 2,849,550 shares.

He has averaged a gain of 1% on 1,199,238 shares bought at an average price of $15.23 per share over his five-year history. On shares sold, he has averaged a loss of 28% on 1,051,998 shares sold at an average price of $21.40 per share.

As of June 30, 2013, David Dreman also reduced his position by 15.46%, selling 29,492 shares at an average price of $15.71, for a loss of 1.7%. He holds 0.71% of shares outstanding or 161,223 shares.

He has averaged a gain of 4% on 190,715 shares bought at an average price of $14.84 per share over his five-year history. On shares sold, he has averaged a loss of 2% on 29,492 shares sold at an average price of $15.71 per share.

As of June 30, 2013, Scott Black reduced his position by 50.42%, selling 19,740 shares at an average price of $15.71, for a loss of 1.7%. He holds 0.09% of shares outstanding or 19,410 shares.

He has averaged a gain of 7% on 39,150 shares bought at an average price of $14.38 per share. On shares sold, he has averaged a loss of 2% on 19,740 shares sold at an average price of $15.71 per share.

Track historical pricing, revenue and net income:

1378847828678.png

Here are more Guru trade details and insider trades.

John Bean Technologies Corporation (JBT)


Up 39% over 12 months, John Bean Technologies Corporation has a market cap of $662.2 million; its shares were traded at around $23.10 with a P/E ratio of 18.50.

John Bean Technologies Corporation is a global technology solutions provider for food processing and air transportation industries. The company designs, manufactures, tests and services sophisticated technology systems and products.

Guru Action: As of June 30, 2013, four Gurus reduced and Paul Tudor Jones sold out his position, selling 9,800 shares at an average price of $20.98, for a gain of 9%.

As of June 30, 2013, John Keeley is the largest Guru stakeholder with 7.37% of shares outstanding or 2,134,130 shares. Keeley reduced his holding by 2.19%, selling 47,830 shares at an average price of $20.98, for a gain of 9%.

He has averaged a gain of 62% on 2,351,661 shares bought at an average price of $14.10 per share. On shares sold, he has averaged a gain of 40% on 217,531 shares sold at an average price of $16.28 per share.

Track historical pricing, revenue and net income:

1378849049281.png

Here are more Guru details and active insider trading on JBT.

Media General Inc. (MEG)

Up 141% over 12 months, Media General Inc. has a market cap of $316.3 million; its shares were traded at around $11.71.

Media General Inc. is a broadcast television and digital media company and a provider of news, information and entertainment across 18 network-affiliated broadcast television stations and their associated digital media and mobile platforms. Media General’s network affiliations include eight NBC stations, eight CBS stations, one ABC station and one CW station.



Guru Action: As of June 30, 2013, two Gurus reduced or sold their MEG positions.

Mario Gabelli remains the largest Guru stakeholder with 19.32% of shares outstanding or 5,393,002 shares, compared to Warren Buffett’s 4,646,220 shares.

As of June 30, 2013, Chuck Royce reduced his position by 32.01%, selling 339,400 shares at an average price of $8.55, for a gain of 32.5%. He holds 2.58% of shares outstanding or 720,843 shares after the trade.

He has averaged a gain of 129% on 1,135,310 shares bought at an average price of $4.94 per share. On shares sold, he has averaged a gain of 83% on 991,067 shares sold at an average price of $6.19 per share.

In the same quarter, Jim Simons sold out his position of 51,800 shares at an average price of $8.55 for a 32.5% gain.

Track historical pricing, revenue and net income:

1378848185369.png

Check out the very active insider trading on MEG.



Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire investors.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

If you are not a Premium Member, we invite you for a 7-day Free Trial.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.3/5 (3 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