10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

GAMCO Investors Update - Numerous Sells in Third Quarter

November 10, 2013 | About:
Sally Jones

Sally Jones

49 followers
In the third quarter of 2013, Mario Gabelli, founder, chairman and CEO of GAMCO Investors, reduced or sold out around 72 holdings. His highest-impact sells were in television, farm machinery, computer systems and industrials. The updated portfolio of Mario Gabelli’s GAMCO Investors lists 820 stocks, 55 of them new, and a total value at $17.02 billion. The quarter-over-quarter turnover is 6%. The portfolio is weighted with top three sectors in technology at 24.6%, consumer cyclical at 20.3% and consumer defensive at 10.8%.

Guru Mario Gabelli has averaged a return of 12.11% over 12 months. Here are four of his major trade highlights, as of Sept. 30, 2013:



Gardener Denver Inc. (GDI): Sold Out


Impacts Portfolio: -0.63%

Up 7% over 12 months, Gardener Denver Inc. has a market cap of $3.74 billion; its shares trade with a P/E ratio of 14.80. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Mario Gabelli sold out his GDI holding, unloading 1,339,767 shares at an average price of $75.85, making a gain of 0.2%. The current share price is around $76.00, with a 0% change from average.

In 12 quarters of trading, Gabelli’s highest gains of 216.8% and 256.1% were in the fourth quarter of 2008 and the first quarter of 2009, respectively.

Four gurus sold out GDI in the second quarter of 2013. Here are more guru stakeholders, along with recent insider activity.

Track historical pricing, revenue and net income:

1384107813153.png



CNH Industrial (CNH): Sold Out

Impacts Portfolio: -0.54%

Up 14% over 12 months, CNH Industrial,formerly CNH Global NV, a manufacturer of tractors and other large machines, has a market cap of $12.11 billion; its shares trade with a P/E ratio of 9.30. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Mario Gabelli sold out his holding, unloading 2,070,563 shares at an average price of $46.29 per share, for a gain of 7.9%. The current share price is around $49.96, with a change from average up 8%.

Check out this remarkable trading history of pure gains.

1384105294901.png

In five years of trading, Gabelli’s highest gains of 221.3%, 384.6% and 219.2% were in the fourth quarter of 2008 and the first and second quarters of 2009, respectively.

Check out other gurus trading CNH. There is no insider activity found.

Track historical pricing, revenue and net income:

1384108075338.png

Fisher Communications Inc. (FSCI): Sold Out

Impacts Portfolio: -0.48%

Up 67% over 12 months, Fisher Communications Inc. has a market cap of $363.88 million; its shares trade with a P/E ratio of 35.10. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Mario Gabelli sold out his FSCI, unloading 1,851,764 shares at an average price of $41.19 per share, taking his first loss of 0.4% in an otherwise gain-only five-year history. The current share price is around $41.01, with a 0% change from average.

Gabelli’s highest gains of 191.5% and 230.2% were in the first and second quarters of 2009.

Check out the four remaining gurus trading along with recent insider activity.

Track historical pricing, revenue and net income:

1384108497173.png

Intermec Inc. (IN): Sold Out

Impacts Portfolio: -0.37%

Up 37% over 12 months, Intermec Inc. has a market cap of $608.06 million; its shares trade with a P/B ratio of 6.14. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Mario Gabelli sold out his IN holding, unloading 5,097,390 shares at an average price of $9.90 per share, making a gain of 1.1%. The current share price is around $10.01, with a change from average up 1%.

In a five-year history, Gabelli’s first 13 consecutive quarters of holding brought double-digit losses.

The holding started to gain in the third quarter of 2011, when Gabelli sold 85,650 shares at an average price of $8.38 making a 19.5% gain. The holding has been gaining in every quarter since that time.

As of June 30, 2013, Jim Simons is the remaining guru stakeholder.

There is no recent insider activity to report.

Track historical pricing, revenue and net income:

1384108866105.png

As of September 2013, Mario Gabelli’s net worth is $1.35 billion, according to Forbes.

Check out the complete portfolio update of Mario Gabelli at GAMCO Investors.





Use the GuruFocus Guru Bargains feature to discover more stocks priced at around 20% off since billionaires last bought.

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: 5.0/5 (1 vote)

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