10-year

Don't Miss This Only Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Mario Gabelli Lightens Load a Little in Third Quarter

October 09, 2013 | About:
Sally Jones

Sally Jones

49 followers
GAMCO Investors’chairman, founder and CEO Mario Gabelli has averaged a return of 9.07% over 12 months. His company, GAMCO Investors Inc. (GBL), has a market cap of $1.84 billion; shares trade at $70.57 with a P/E of 21.20. GBL is showing a one-year return up 47.41%.

GAMCO Investors currently lists 799 stocks in a portfolio valued at $15.9 billion, with a quarter over quarter turnover of 4%. The portfolio lists 50 new stocks purchased in the quarter ended June 30, 2013. Here are five holdings that the legendary Guru Mario Gabelli reduced in the third quarter of 2013:

Crane Company (CR): Reduced

Up 47% over 12 months, Crane Company, an industrial products company, has a market cap of $3.42 billion; its shares were traded at around $59.02 with a P/E ratio of 16.10.

Guru Action: As of Sept. 30, 2013, Guru Mario Gabelli reduced his position by 3.44%, selling shares in the price range average of $62.27. This trade made an impact of -0.05% on his portfolio.

His current shares remain at 3,441,601.

Gabelli’s holding history:

1381345656206.png

In a remarkable five-year history, Gabelli has averaged a gain of 97% on 1,289,241 shares bought at an average price of $30.03 per share. Selling, he has averaged a gain of 68% on 2,346,254 shares bought at an average price of $35.29 per share.

Track historical pricing, revenue and net income:

1381353225973.png

iGo Inc. (IGOI): Reduced

Down 27% over 12 months, iGo Inc., an electronic accessories company for computers and mobile devices, has a market cap of $8.8 million; its shares were traded at around $2.97 with a P/B ratio of 0.50.

Guru Action: As of Sept. 25, 2013, Guru Mario Gabelli reduced his position by 70.6%, selling shares in the price range average of $3.00. His current shares remain at 76,169.

Track historical pricing, revenue and net income:

1381353436251.png

Leap Wireless International Inc. (LEAP): Reduced

Up 166% over 12 months, Leap Wireless International Inc., a wireless communications carrier, has a market cap of $1.25 billion; its shares were traded at around $15.70 with a P/B ratio of 7.50.

Guru Action: As of Sept. 11, 2013, Guru Mario Gabelli reduced his position by 36.96%, selling shares in the price range average of $15.74. His current shares remain at 1,271,702.

Track historical pricing, revenue and net income:

1381354448489.png

LIN Media LLC (LIN): Reduced

Up 323% over 12 months, LIN Media LLC, a television broadcast company, has a market cap of $1.17 billion; its shares were traded at around $21.62 with a P/S of 1.80. The EV-to-EBIT is 13.2.

Guru Action: As of Sept. 3, 2013, Guru Mario Gabelli reduced his position by 1.36%, selling shares in the price range average of $16.88. His current shares remain at 1,666,208.

In another remarkable five-year history, Gabelli has averaged a gain of 256% on 6,213,999 shares bought at an average price of $4.28 per share. Selling, he has averaged a gain of 395% on 6,213, 999 shares bought at an average price of $4.28 per share.

Track historical pricing, revenue and net income:

1381354659357.png

Westwood Holdings Group Inc. (WHG): Reduced

Up 24% over 12 months, Westwood Holdings Group Inc., an asset management company, has a market cap of $400.5 million; its shares were traded at around $48.90 with a P/E ratio of 26.30.

Guru Action: As of Aug. 30, 2013, Guru Mario Gabelli reduced his position by 6.25%, selling shares in the price range average of $47.51. His current shares remain at 733,100.

In a five-year history, Gabelli has averaged a gain of 41% on 11,277 shares bought at an average price of $34.76 per share. Selling, he has averaged a gain of 21% on 412,177 shares bought at an average price of $40.38 per share.

Track historical pricing, revenue and net income:

1381355773197.png

Mario Gabelli’s recent top buys, sells, holdings:



Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru 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: 4.2/5 (5 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