Free 7-day Trial
All Articles and Columns »

Glenview Capital - Larry Robbins in Real Time and Review

November 15, 2013 | About:
Sally Jones

Sally Jones

47 followers
Here’s an update on the third quarter 2013 sells made by Larry Robbins of Glenview Capital. The Glenview Capital portfolio currently lists 65 stocks and a total value of $11.8 billion with a quarter-over-quarter turnover of 17%. Guru Robbins has bought 13 new stocks, as of the Nov. 14, 2013 update. His average return over 12 months is 25.37%.

These are Larry Robbins’s highest impact sells and one real-time reduction of Tenet Healthcare Corp. (THC), recently reported by GuruFocus Real Time Picks. Tenet Healthcare Corp. reported its third quarter net operating revenue of $2.04 billion, increased by 8.4% over the same quarter last year. Tenet’s earnings per diluted share were $0.45 for the third quarter of 2013, up from $0.33 for the same quarter of 2012.

Real-Time Trade: Tenet Healthcare Corp. (THC)

Impacts Portfolio: -0.03%

Up 61% over 12 months, Tenet Healthcare Corp. has a market cap of $4.21 billion; its shares trade with a P/B ratio of 4.80. The company does not pay a dividend.

Guru Action: As of Nov. 12, 2013, Larry Robbins reduced his THC position by 0.81%, selling shares in the average price range of $43.59.

The current share price is around $43.35, with a change from average down 1%.

In the third quarter of 2013, Robbins averaged a gain of 3.6% buying 160,000 shares at an average price of $41.83 per share.

Overall, he has averaged a gain of 101% on 13,999,339 shares bought at an average price of $21.53 per share. Selling 4,000,000 shares at an average price of $44.77 per share, he has averaged a loss of 3%.

Find more gurus trading THC and insiders.

Track historical pricing, revenue and net income:





Life Technologies Corp. (LIFE): Reduced

Impacts Portfolio: -4.03%

Up 62% over 12 months, Life Technologies Corp., a global life sciences company, has a market cap of $13.05 billion; its shares trade with a P/E ratio of 31.40. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Larry Robbins reduced his position by 58.35%, selling 5,955,754 shares at an average price of $74.61 per share, gaining 1.2%. His current shares are 4,251,124.

The current share price is around $75.57, with a change from average up 1%.

Across a five-year history, Guru Larry Robbins averaged a gain of 45% buying 17,498,633 shares at an average price of $52.03. Selling, he averaged a gain of 12% on 13,247,509 shares at an average price of $67.59 per share.

Check out the numerous gurus trading in the third quarter of 2013 and insider activity.

Track historical pricing, revenue and net income:





Clearwire Corp. (CLWR): Sold Out

Impacts Portfolio: -1.5%

Up 128% over 12 months, Clearwire Corp., a telecom services company, has a market cap of $7.35 billion; its shares trade with a P/B ratio of 5.38. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Larry Robbins Sold out his CLWR holding, selling 32,052,360 shares at an average price of $5.00 per share, gaining 0%.

The current share price is around $5.00, with a change from average up 0%.

Across a five-year history of mixed results, Guru Larry Robbins did have very high gains of 252.1% in both the second and third quarters of 2012.

Larry Robbins is one of seven gurus selling out CLWR in the third quarter and there is insider selling in 2013.

Track historical pricing, revenue and net income:





NetApp Inc. (NTAP): Sold Out

Impacts Portfolio: -0.99%

Up 36% over 12 months, NetApp Inc. has a market cap of $14.02 billion; its shares trade with a P/E ratio of 28.80. The dividend yield is 0.70 %.

Guru Action: As of Sept. 30, 2013, Larry Robbins sold out his NTAP, selling 2,871,476 shares at an average price of $41.59 per share, losing 0.9%.

The current share price is around $41.07, with a change from average down 1%.

Guru Larry Robbins held NTAP for three quarters, gaining 19.3% on his new buy of 565,204 shares at an average price of $34.55 per share in the first quarter of 2013. He gained 13.7% on 2,306,272 shares bought at an average price of $36.24 per share in the second quarter of 2013.

Check out the active gurus and insider selling.

Track historical pricing, revenue and net income:



Learn more about Larry Robbins and his recent portfolio changes.



[/b]

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.

[b]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: 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
Hide