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"Biggest Losers" Broadly Held by Billionaires

September 25, 2013 | About:
Sally Jones

Sally Jones

49 followers
Carnival Corporation (CCL) is down 12% since January, Red Hat Inc. (RHT) is down 14%, and the much-bandied J.C. Penney Co. Inc. (JCP) is down 48% year-to-date, making them three of the ‘Biggest Losers†in the S&P 500. Here's an update to see what the top billionaire stakeholders are trading.

Carnival Corporation (CCL)

Down 10%% over 12 months, Carnival Corporation has a market cap of $26.69 billion; its shares were traded at around $33.07. The P/E ratio is 17.00 and the P/B ratio is 1.10.

First incorporated in Panama in 1972, Carnival Corporation is a global cruise and vacation company. The company's portfolio of cruise brands includes Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn in North America; P&O Cruises (UK and Australia), and Cunard in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe, and Ibero Cruises in Spain.

Historical share pricing, revenue and net income:

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Guru Action: As of June 30, 2013, 14 gurus hold CCL and there is active insider trading; three gurus made new buys in second quarter.

Top Guru stakeholder James Barrow increased his position by 7.16%, buying 1,695,511 shares at an average price of $33.86, for a loss of 2.3%. His current shares remaining are 25,384,848 shares or 3.15% of shares outstanding.

His five-year history shows a loss of 2% on 10,014,795 shares bought at an average price of $33.61 per share. On shares sold, he has averaged a 1% loss on 16,012,458 shares sold at an average price of $33.25 per share.

Red Hat Inc. (RHT)

Down 14% over 12 months, Red Hat Inc. has a market cap of $8.85 billion; its shares were traded at around $46.77. The P/E ratio is 59.30 and the P/B ratio is 6.30.

Starting in1993, Red Hat Inc. uses the open source software development and licensing model to offer enterprise technologies to customers on a subscription basis. The open source software model originated in academic and research environments.

Historical share pricing, revenue and net income:

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Guru Action: As of June 30, 2013, there are seven guru stakeholders and very active insider selling.

The top Guru stakeholder is Jim Simons even after he reduced his position by 96.38%, selling 403,400 shares at an average price of $48.72, for a loss of 4%. His current shares remaining are 821,965 or 0.43% of shares outstanding and 0.1% of his total assets managed.

Across a five-year history, Simons had pure gains from the third quarter of 2008 through the third quarter of 2011, topping out at a gain of 287.8% in the fourth quarter of 2008 when he sold 839,065 shares at an average price of $12.06 per share. In the second quarter of 2012, the losing streak started, running through the second quarter of 2013.

J.C. Penney Co. Inc. (JCP)

Down 56% over 12 months, J. C. Penney Company Inc. has a market cap of $2.39 billion; its shares were traded at around $10.84. The P/B ratio is 1.10. The dividend yield is 1.20%.

Starting back in 1924 as J. C. Penney Corporation Inc., J. C. Penney Company sells merchandise and services to consumers through its department stores and an Internet e-commerce website.

Historical share pricing, revenue and net income:

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Guru Action: As of June 30, 2013, there were numerous gurus changing their positions, and some and insider trading.

Read the full JCP story here.

With Bill Ackman out of the picture, Larry Robbins is the new top Guru stakeholder. He increased his position by 137.92% as of August 22, 2013. His current shares of 20,060,830 equate to 9.1% of shares outstanding.

Across a four-quarter holding history, Robbins has averaged a loss of 44% on 9,554,297 shares bought at an average price of $21.76 per share. On shares sold, he has averaged a 28% loss on 1,122,418 shares sold at an average price of $16.83 per share.



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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: 3.6/5 (5 votes)

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