1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sally Jones
Sally Jones
Articles (580) 

Invesco’s Wilbur Ross, Real-Time and Review

November 14, 2013 | About:

Here’s an update on the third quarter 2013 sells made by Wilbur Ross of Invesco Private Capital. His portfolio currently lists 10 stocks and a total value of $942 million with a quarter-over-quarter turnover of 0%. Guru Ross made no new buys in the third quarter. His average return over 12 months is 21.5%.

Since the end of second quarter, Wilbur Ross has reduced or sold only four companies, including Callidus Software Inc. (NASDAQ:CALD), a sales and marketing cloud software company. Callidus reported financial results for the third quarter of 2013 with revenue of $30.7 million, a 28% increase over the same quarter a year ago. Callidus reported a net loss in third quarter of ($1.4 million), translating to ($0.04) per share. The company also had a net loss in the same quarter of 2012 at ($6.4 million). According to a GuruFocus InsiderSell alert, two top executives at Callidus made large reductions this week.

Callidus Software Inc. (NASDAQ:CALD): Reduced

Impacts Portfolio: -0.22%

Up 175% over 12 months, Callidus Software Inc., doing business as CallidusCloud, has a market cap of $415.2 million; its shares trade with a P/B ratio of 206.80. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Wilbur Ross reduced his position by 22.24%, selling 325,000 shares at an average price of $7.55 per share, gaining 42.6%. His current shares are 1,136,406.

The current share price is around $10.76, with a change from average up 43%.

Across a five-year history, Wilbur Ross averaged a gain of 299% buying 1,701,406 shares at an average price of $2.70. Selling, he averaged a gain of 62% on 565,000 shares at an average price of $6.65 per share.

Check out the active gurus and major insider selling.

Track historical pricing, revenue and net income:

1384459357713.png

ZipRealty Inc. (NASDAQ:ZIPR): Sold Out

Founded in 1999, ZipRealty Inc. is up 115% over 12 months. The company has a market cap of $116.1 million; its shares trade with a P/B ratio of 8.70. The company does not pay a dividend.

Company Earnings: The company reported financial results for the third quarter of 2013 with net revenue of $21.8 million, an 11% increase over the same quarter a year ago at $19.7 million for same-market revenue. The company reported a quarterly net income of $94,000, up from a net loss of ($5 million) in the third quarter a year ago. In the third quarter of 2013, adjusted EBITDA was $1.1 million, up 5% from the same quarter of 2012. At the end of the third quarter, ZipRealty Inc. had cash and cash equivalents of $14.5 million.

Guru Action: As of Sept. 30, 2013, Ross sold out his ZIPR selling 12,282 shares at an average price of $4.15 for a gain of 24.1%, his lowest point in the trading history.

The current share price is around $5.08, with a change from average up 22%.

In five gaining quarters of trading, Ross’s highest gain of 160.1% was made in the third quarter of 2012 when he sold 10,000 shares at an average price of $1.98 per share.

Check out more active gurus and recent insider trading.

Track historical pricing, revenue and net income:

1384459096512.png



Select Medical Holdings Corporation (NYSE:SEM): Sold Out

Impacts Portfolio: -0.1%

Up 18% over 12 months, Select Medical Holdings Corporation has a market cap of $1.19 billion; its shares trade with a P/E ratio of 9.80. The dividend yield is 3.50%.

Company Earnings: The company reported financial results for the third quarter of 2013 with a net income of $$25.2 million, compared to $25.1 million in the same quarter of 2012. Earnings of $0.17 per diluted share were reported in the third quarter of 2012 and 2013.

Guru Action: As of Sept. 30, 2013, Wilbur Ross sold out his SEM holding, unloading 115,121shares at an average price of $8.48 per share, gaining 0.9%.

The current share price is around $8.57, with a change from average up 1%.

Across three trading quarters, Wilbur Ross averaged his highest gain of 4.1% buying 6,621 shares at an average price of $8.22 in the second quarter of 2013.

Ross is one of two gurus selling out SEM in the third quarter. There is recent insider selling.

Track historical pricing, revenue and net income:

1384459698842.png

Real-Time Trade:

As of Nov. 8, 2013, Wilbur Ross further reduced his BankUnited Inc. (NYSE:BKU) position by 4.31%, after reducing it by 29.03% in the previous week. For both reductions, he sold in the average price range of $30.65 as of Nov. 1, and $31.55 as of Nov. 8, 2013.

The current share price is around $30.92, with a change from average down 2%.

Overall, Wilbur Ross averaged a gain of 8% buying 13,721,131 shares at an average price of $28.58 per share. Selling, he averaged a gain of 17% on 5,531,500 shares at an average price of $26.32 per share.

Read more about Wilbur Ross’s BKU trade.

Starting in 1976, Wilbur Ross led the worldwide bankruptcy advisory practice at Rothschild Inc. He has restructured more than $200 billion in liabilities worldwide. In 200, Guru Ross started his own company, Invesco Private Capital, with $440 million in investor commitments.

Here is the complete portfolio of Wilbur Ross.



[b][/b]

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: 4.0/5 (4 votes)

Comments

Please leave your comment:


GuruFocus Mobile App Available


Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
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)
FEEDBACK