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

December 05, 2013 | About:
Sally Jones

Sally Jones

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

Guru: Edward Lampert

Sears Holdings Corporation (NASDAQ: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 (NYSE: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. (NASDAQ: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. (NASDAQ: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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