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Private Capital Management Sells Update

November 27, 2013 | About:
Sally Jones

Sally Jones

49 followers
The updated portfolio of Private Capital Management lists 71 stocks, three of them new, a total value at $1.09 billion, and a quarter-over-quarter turnover of 7%. The portfolio is currently weighted with top three sectors: technology at 26%, healthcare at 20.7%, and industrials at 14.8%. The stocks bought by Private Capital averaged a return of 9.91% over 12 months.

Here’s a look at a few of Private Capital Managements’ most recent sells, selected from 20 decreases made in the third quarter. Private Capital sold out a long-time holding in Prestige Brands Holdings Inc., a company that sells and distributes over-the-counter healthcare and household cleaning products to retailers. Familiar product names include Comet, Chore Boy and Gaviscon.

Prestige Brands reported financial results for its second quarter of fiscal 2014 with a net income of $32.8 million, up 71% from the same quarter of the previous fiscal year. Earnings of $0.63 per diluted share increased from $0.38 in the prior year’s quarter. Adjusted earnings of $0.47 per share reflected an increase of 11.9%, compared to $0.42 in the same quarter a year ago. Prestige Brands reported operating income for the quarter at a record $53.8 million, up from $51.2 million in the same quarter of the previous fiscal year.

Prestige Brands Holdings Inc. (PBH): Sold Out

Impacts Portfolio: -0.65%

Up 66% over 12 months, Prestige Brands Holdings Inc. has a market cap of $1.81 billion; its shares were traded at around $35.06 with a P/E ratio of 21.50. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Private Capital Management sold out its PBH, after 12 quarters of gains, often triple-digit. In the third quarter of 2013, the firm sold 236,944 shares at an average price of $32.69 per share, for a gain of 7.6%, the history’s low point.

Here’s more guru and insider trading.

Track share pricing, revenue and net income:

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Alere Inc. (ALR): Reduced

Impacts Portfolio: -1.54%

Up 84% over 12 months, Alere Inc., a medical diagnostics and research company,has a market cap of $2.68 billion; its shares were traded at around $32.80 with a P/B ratio of 1.80. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Private Capital Management reduced its position by 41.64%, selling 661,954 shares in the average price range of $30.44 per share, gaining 7.8%.

Current shares are 927,844.

Over five years, the firm has averaged a gain of 22% on 1,896,924 shares bought at an average price of $26.80 per share. On shares sold, the firm averaged a gain of 17% on 969,080 shares sold at an average price of $28.11 per share.

Here’s more guru and insider trading.

Track share pricing, revenue and net income:

1385583789955.png

UTI Worldwide Inc. (UTIW): Reduced

Impacts Portfolio: -0.9%

Up 12% over 12 months, UTI Worldwide Inc., an integrated shipping and logistics company,has a market cap of $1.66 billion; its shares were traded at around $15.86 with a P/B ratio of 2.10. The dividend yield is 0.40%.

Guru Action: As of Sept. 30, 2013, Private Capital Management reduced its position by 47.36%, selling 575,157 shares at an average price of $16.20.

Current shares are 639,230.

Overall, firm has averaged a gain of 10% on 1,446,259 shares bought at an average price of $14.45 per share. On shares sold, the firm averaged a loss of 1% on 807,029 shares sold at an average price of $16.05 per share.

Here’s more guru trading. No insider trades were found.

Track share pricing, revenue and net income:

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Founded in 1986 by the legendary investor Bill Miller, Private Capital Management (PCM) is now owned by portfolio manager and CEO, Gregg Powers. He is widely-known for his research skill and has been a key driver at PCM since 1988.

Private Capital has a singular focus on fundamental value investing. The firm’s flagship mutual fund is the Private Capital Management Value Fund (VFPAX), with total assets of $57.6 million, according to Morningstar.

Here’s the complete portfolio of Private Capital.



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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: 4.8/5 (4 votes)

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