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Real-Time Reductions with Edward Lampert, Chuck Royce and Howard Marks

December 05, 2013 | About:
Sally Jones

Sally Jones

48 followers
According to GuruFocus Real Time Picks, three gurus just made reductions to major holdings in Anaren Inc. (ANEN), Star Bulk Carriers Corp. (SBLK) and Sears Holdings Corporation (SHLD). Here are the trade details:

Guru: Edward Lampert

Sears Holdings Corporation (SHLD): Reduced

Current Shares: 26,427,295

Impact to Portfolio: -10.85%

Up 27% over 12 months, Sears Holdings Corporationhas a market cap of $5.42 billion; shares trade with a P/B ratio of 2.80. The company does not pay a dividend.

Real Time Guru Action: As of Dec. 2, 2013, Edward Lampert reduced his SHLD position by 21.94%, selling shares in the average price range of $60.20.

The current share price is around $50.77, with a change from average down 16%.

In the third quarter of 2013, he gained 8.1% on 33,856,069 shares bought at an average price of $46.98 per share.

Over a five-year trading history of mixed results, Lampert has averaged a loss of 34% on 385,182 shares bought at an average price of $77.46 per share. Selling, he has averaged a loss of 29% on 32,168,297 shares sold at an average price of $71.01 per share.

Here’s third quarter guru trading.

Check here for more real-time insider trading.

Tracking SHLD historical data:

1386258372867.png

Eddie Lampert also reduced his AutoNation (AN) position by 0.55% as of Nov. 29, 2013. He sold in the average price range of $49.41.

The current share price is around $50.29, with a change from average up 2%.

His current AN shares are 26,660,572.

Read more about Edward Lampert and AutoNation.

Guru: Howard Marks

Star Bulk Carriers Corp. (SBLK): Reduced

Current Shares: 5,773,907

Impact to Portfolio: -0.16%

Up 47% over 12 months, Star Bulk Carriers Corp. has a market cap of $276.1 million; shares trade with a P/B ratio of 0.40. The dividend yield is 2.10%.

Real Time Guru Action: As of Dec. 2, 2013, Howard Marks reduced his position by 5.93%, selling shares in the average price range of $9.36.

The current share price is around $9.35, with a change from average down 0%.

Howard Marks made a new buy of SBLK in the third quarter of 2013. He bought 3,865,888 shares as an average price of $7.46 per share for a gain of 27.3%.

His current shares of 5,773,907 represent 27.83% of shares outstanding.

Here’s more guru and insider trading.

Tracking historical data:

1386259213537.png

Guru: Chuck Royce

Anaren Inc. (ANEN): Reduced

Current Shares: 20,000

Impact to Portfolio: -0.04%

Up 49% over 12 months, Anaren Inc., a provider of microwave components for the wireless, space and defense markets, has a market cap of $372.4 million; shares trade with a P/E ratio of 24.00. The company does not pay a dividend.

Real Time Guru Action: As of Nov. 30, 2013, Chuck Royce reduced his position by 95.46%, selling shares in the average price range of $27.89.

The current share price is around $28.00, with a change from average down 0%.

In the third quarter of 2013, Royce gained 14.4% on his holding of 440,760 shares bought at an average price of $24.43 per share.

Over a five-year trading history, he has averaged a gain of 88% on 1,313,349 shares bought at an average price of $14.86 per share. He gained 59% selling 1,477,189 shares at an average price of $17.55 per share.

Here’s a major insider sell by Vintage Capital Management.

Check out more guru and insider trading.

Tracking historical data:

1386259501738.png

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.

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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: 3.5/5 (4 votes)

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