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Real Time and Review - RS Investment Management's Reductions

November 18, 2013 | About:
Sally Jones

Sally Jones

49 followers
Based in San Francisco, RS Investment Management is a privately owned investment manager, led by CEO Matthew H. Scanlan. The company’s updated portfolio lists 322 stocks, with 50 new stocks, a total value of $15.33 billion, up from $13.78 billion in August. The quarter-over-quarter turnover is 13%. The portfolio’s top four sectors are weighted as: energy at 20.2%, basic materials at 17.5%, industrials at 13.1% and financial services at 12.8%. According to the GuruFocus Scoreboard, RS Investment Management is averaging a 12-month return of 23.15%.

The top reductions featured today made the highest impact on the recent RS Investment Management portfolio. According to GuruFocus Real Time Picks , the firm’s most recent reduction was eHealth Inc., an online health insurance exchange, reporting third quarter revenue of $42 million, up 12% from the same quarter of 2012 at $37.6 million. The company reported a net income of $0.2 million (GAAP) for the third quarter of 2013, with earnings of $0.01 per diluted share.

eHealth Inc.’s e-commerce site helps individuals, families and small businesses compare health insurance products, and purchase and enroll in coverage online. The company also offers e-commerce solutions to health plan providers and resellers. In the third quarter of 2013, eHealth’s estimated members increased by 24% over the same quarter last year, according to a company press release.

eHealth Inc.(EHTH): Reduced

Impacts Portfolio: -0.53%

Current Shares: 1,126,331

Up 86% over 12 months, eHealth Inc. has a market cap of $848.95 million. Shares trade with a P/E ratio of 155.10.

The company does not pay a dividend.

Guru Action: As of Oct. 31, 2013, RS Investment Management reduced its position by 59.9%, selling shares in the average price range of $42.62.

The current price is $45.75 with a change from average up 7%.

Over a remarkable five-year trading history of mostly triple-digit gains, RS Investment Management has averaged a gain of 193% on 3,697,421 shares bought at an average price of $15.62 per share. On shares sold, the firm averaged a gain of 89% on 1,478,811 shares sold at an average price of $24.18 per share.

Check out three guru stakeholders reducing recently and insider selling.

Tracking historical share pricing, revenue and net income:

1384713246401.png

EQT Corp. (EQT): Reduced

Impacts Portfolio: 0.49%

Current Shares: 1,041,109

Up 39% over 12 months, EQT Corp., an oil and gas exploration and production company, has a market cap of $12.83 billion. Shares trade with a P/E ratio of 39.90.

The dividend yield is 0.14%.

Guru Action: As of Sept. 30, 2013, RS Investment Management reduced its position by 44.75%, selling shares in the average price range of $85.25.

The current price is $85.11 with a change from average down 0%.

RS Investment Management has averaged a gain of 67% on 3,494,625 shares bought at an average price of $50.83 per share. On shares sold, the firm averaged a gain of 9% on 2,453,516 shares sold at an average price of $78.38 per share.

Check out five gurus making new buys and insider trading.

Tracking historical share pricing, revenue and net income:

1384713586450.png

Yahoo! Inc. (YHOO): Reduced

Impacts Portfolio: -0.4%

Current Shares: 754,221

Up 93% over 12 months, Yahoo! Inc. has a market cap of $35.98 billion. Shares trade with a P/E ratio of 30.50.

The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, RS Investment Management reduced its position by 74.75%, selling shares in the average price range of $28.25 per share.

The current price is $35.47 with a change from average up 26%.

RS Investment Management has averaged a gain of 125% on 5,198,880 shares bought at an average price of $15.74 per share. The firm averaged a gain of 32% on 4,444,659 shares sold at an average price of $26.81 per share.

Check out this remarkable trading history:

1384712179296.png

Review more guru stakeholders and recent insider selling .

Tracking historical share pricing, revenue and net income:

1384714491537.png

Concho Resources Inc. (CXO): Reduced

Impacts Portfolio: -0.39%

Current Shares: 4,259,678

Up 36% over 12 months, Concho Resources Inc., an oil and gas E&P company, has a market cap of $11.65 billion. Shares trade with a P/E ratio of 52.50.

The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, RS Investment Management reduced its position by 13.03%, selling shares in the average price range of $95.19.

The current price is $110.90 with a change from average up 16%.

In another five-year history of high gains, RS Investment Management has averaged a gain of 70% on 8,469,457 shares bought at an average price of $65.18 per share. The firm averaged a gain of 32% on 4,209,779 shares sold at an average price of $84.28 per share.

Here are more guru stakeholders and recent insider activity.

Tracking historical share pricing, revenue and net income:

1384714799540.png

Here’s the complete portfolio of RS Investment Management.



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.

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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: 1.0/5 (1 vote)

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