The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases in Real Time activity from Larry Robbins, Steven Cohen and Robert Karr.
Over the past week GuruFocus Real Time Picks reported that Larry Robbins upped his stake in Tenet Healthcare (THC) by 10.25%. The guru added 1,000,000 shares to his holdings at an average price of $40.92 per share. Since his buy, the price per share is trading at about -3% lower at $39.85 per share.
Since Robbins most recent transaction the guru holds on to a total of 10,759,339 shares of the company’s stock, representing approximately 10.6% of the company’s shares outstanding.
Robbins’ historical holding history of Tenet Healthcare:
Tenet Healthcare is a health care services company that operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers and related health care facilities. Its core business is focused on providing acute care treatment, including inpatient care, intensive care, cardiac care, radiology services and emergency medical treatment.
Tenet Healthcare’s historical revenue and net income:
The analysis on Tenet Healthcare reports that over the past three years the company has issued $1 billion of debt, its asset growth is currently faster than its revenue growth, but on the other hand, the company’s operating margin has shown consistent signs of expansion.
The company most recently presented at the Bank of America Merrill Lynch Leveraged Finance Conference on Dec. 3. You can listen to a recording of that presentation here.
Prior to that the company released its third quarter results which highlighted:
- Adjusted EBITDA of $288 million, representing a 7.1% increase.
- Net operating revenues of $2.408 billion, representing an 8.4% increase.
- The company’s California Provider Fee Program was extended through 2016 in an enhanced 36-month program.
- Total net patient revenue per adjusted admission was $11,928, representing a 3% increase.
Tenet Healthcare Corporation has a market cap of $3.95 billion. Its shares are currently trading at around $39.84 with a P/S ratio of 0.40 and a P/B ratio of 4.70. The company had an annual average earnings growth of 7.50% over the past five years.
Steven Cohen also reported a notable buy over the past week. Cohen upped his position in Trulia Inc. (TRLA) by a massive 2832.53% on Dec. 17. The guru purchased a total of 1,878,166 shares at a price of $30.88 per share. Since his buy, the price per share has jumped up about 8% to $33.24 per share.
Over the third quarter Cohen actually had reduced his position by -20%. As of his most recent buy the guru holds on to 1,944,473 shares which representing 5.98% of the company’s shares outstanding.
Cohen’s historical holding history of Trulia:
Trulia is an online search engine which focuses on finding real estate as well as rental properties for people searching for residential properties. The company’s marketplace can be viewed on the web as well as through phone apps and gives customers tools to research homes and neighborhoods and enables real estate professionals to efficiently market their listings.
Trulia’s historical revenue and net income:
The analysis on Trulia reports that the company’s revenue has been in decline over the past year and that its P/B ratio is trading at a 2-year low.
The company recently announced its third quarter results which highlighted:
- Revenue was $40.3 million, up 117% from last year.
- Net income was $7 million, or $0.19 per share, compared to a net loss of $1.7 million and $0.19 last year.
- EBITDA for the quarter was $4.8 million, compared with $0.3 million last year.
- Reached a number of 36,401 subscribers, up 4,300 from last quarter.
Trulia has a market cap of $1.24 billion. Its shares are currently trading at around $33.24 with a P/S ratio of 8.90 and a P/B ratio of 2.70.
Over the past week GuruFocus Real Time Picks reported Robert Karr’s initial buy into 58.com (WUBA) from Dec. 16. The guru made his first buy into the company picking up 920,000 shares of the company’s stock. He bought these shares at $29.29 per share, and since then the price per share is trading up about 8%.
His new position makes him the second largest guru shareholder of two. John Burbank also holds a new position in the company, but he holds significantly more with 3,200,200 shares of the company’s stock.
58.com is a newly incorporated company in the United States and is basically the Chinese equivalent to Craig’s List. 58.com operates the largest online marketplace serving local merchants and consumers in China. The company contains credible and up-to-date local information in approximately 380 cities about housing, jobs, used goods, autos, pets, yellow pages and other local services.
58.com’s historical revenue and net income:
The company began trading on the New York Stock Exchange in mid October 2013.
The company reported its third quarter unaudited financial results which highlighted:
- Revenues were $41.6 million, up 77.6 from last year.
- Gross margin was 94.5% compared to 88.0% in the same quarter last year.
- Net income was $8.5 million, up from $6.3 million last year.
- Basic and diluted EPS were US$0.06 and US$0.05, respectively.
58.com has a market cap of $2.5 billion. Its shares are currently trading at around $31.43 with a P/S ratio of 16.60.
You can check out all of the guru’s real time picks here.