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Four Gurus Trade Exelis and Blucora

November 13, 2013 | About:
Sally Jones

Sally Jones

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In the third quarter of 2013, billionaire investors and insiders were actively trading BCOR and XLS: The Internet company Blucora Inc. (BCOR) is up 79% since January over 12 months. According to Bloomberg, the company’s Internet service called Infospace, a technology that gathers information and results from major search engines, benefited from the ad revenue brought in by new partners.

Exelis Inc., a global aerospace and communications company, is up 43% since January and is winning contracts. Last week Exelis reported that it had won a $20.6 million contract from General Atomics Aeronautical Systems Inc. of Poway, Calif., to produce 500 ejector racks for a U.S. Air Force remotely piloted aircraft, according to a company press release. Exelis also announced that one of its business units was recently selected to implement a communications system for the Australian Karratha Gas Plant. The system will be operational for 10 years, according to a company press release.

Exelis Inc. (XLS)

Up 52% over 12 months, Exelis Inc. has a market cap of $3.15 billion; its shares trade with a P/E ratio of 10.60. The dividend yield is 2.50%.

The current share price is around $16.68, with a change from average up 11%.

Incorporated in 2011, Exelis Inc. makes C4ISR products and systems for military use. C4ISR is an acronym meaning “command, control, communications, computers, intelligence, surveillance and reconnaissance.” The company also provides information and technical services to military, government and commercial customers in the U.S. and around the world.

Company Earnings: The company reported financial results for the third quarter of 2013 with revenue of $1.1 billion, down from $1.4 billion in the same quarter of 2012. Operating income was reported at $133 million, down from $143 million in the same quarter last year. Earnings of $0.41 per diluted share were also down from $0.47 in the same quarter a year ago. The company received orders worth $2 billion in the third quarter of 2013, a 48% increase over the third quarter a year ago.

Guru Action: As of Sept. 30, 2013, Pioneer Investments reduced its position by 91.57%, selling 149,645 shares at an average price of $14.99 per share, gaining 11.3%. Current shares are 13,775.

Over three quarters, Pioneer Investments averaged a gain of 69% buying 510,220 shares at an average price of $9.85 per share. Selling, the firm averaged a gain of 44% on 496,445 shares at an average price of $11.58 per share.

In the same quarter, James Barrow reduced his position by 77.33%, selling 14,150,977 shares at an average price of $14.99 per share, gaining 11.3%. His current shares are 4,147,625.

Over eight gaining quarters, James Barrow averaged a gain of 67% buying 19,366,513 shares at an average price of $10.01. Selling, he averaged a gain of 13% on 15,218,888 shares at an average price of $14.71 per share.

Check out the numerous guru stakeholders of XLS and the active insider trading.

Track historical pricing, revenue and net income:

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Blucora Inc. (BCOR)

Up 87% over 12 months, Blucora Inc. has a market cap of $1.19 billion; its shares trade with a P/E ratio of 37.90. The company does not pay a dividend.

The current share price is around $28.82, with a change from average up 39%.

Founded in 1996, Blucora Inc. develops search tools and technologies that help consumers find content and information on the Internet. The company offers search services through its own web sites, such as Dogpile.com, WebCrawler.com, MetaCrawler.com, and WebFetch.com, as well as through the web sites of distribution partners.

Company Earnings: The company reported financial results for the third quarter of 2013 with revenue of $124.1 million, up 34% compared to the same quarter of 2012 at $92.9 million. Net loss was ($6.5 million) for the third quarter of 2013, compared to a net loss of ($2.4 million) in the third quarter of 2012. GAAP diluted EPS was also a loss at ($0.16) compared to ($0.06) per diluted share in the same quarter a year ago.

Guru Action: As of Sept. 30, 2013, Mario Gabelli increased his position by 29.14%, buying 80,450 shares at an average price of $20.82 per share, gaining 39%. This is Gabelli’s fifth quarter of buying BCOR shares, and he has gained between 70.3% and 90.5% in the other four quarters since the third quarter of 2013. Overall, Gabelli averaged a gain of 68% on his current shares of 356,500, bought at an average price of $17.23 per share.

In the same quarter ending Sept. 30, 2013, Whitney Tilson sold out his holding, selling 160,000 shares at an average price of $20.82 per share, gaining 38.2%. Holding for four quarters, Tilson’s highest gains of 80.5% and 85.5% were in the fourth quarter of 2012 and the first quarter of 2013.

Check out the other gurus holding BCOR and the insider sells in 2013.

Track historical pricing, revenue and net income:

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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: 4.5/5 (4 votes)

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