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Manning & Napier's Top First Quarter Stock Picks

April 22, 2014 | About:
Holly LaFon

Holly LaFon

278 followers

Manning & Napier is an investment firm managing $50.8 billion in assets. The firm tends to increase its equity exposure near market bottoms and decrease it as markets reach a peak. They are focused on price and avoiding permanent loss of capital, and are flexible regarding regions, countries and sectors.

Manning & Naper’s portfolio is valued at $24.3 billion, had 18% turnover in the first quarter, and contains 372 stocks, 81 of which are new. Currently its top sectors presented are energy at 18.5%, technology at 17.8% and consumer cyclical at 14.7%.

The firm’s new stock picks for the first quarter are: Mosaic Co. (MOS), Liberty Global PLC (LBTYA), AMC Networks Inc. (AMCX), Apollo Education Group Inc. (APOL) and Liberty Global PLC (LBTYK).

New Stocks

Mosaic Co. (MOS)

Manning & Napier’s top new position is 5,976,930 shares of Mosaic Co., a 0.15% portfolio weight. The stock’s average price for the quarter was $48.

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Mosaic Co. is producers and marketers of concentrated phosphate and potash crop nutrients for the global agriculture industry. Mosaic Co. has a market cap of $19.59 billion; its shares were traded at around $49.11 with a P/E ratio of 13.20 and P/S ratio of 2.10. The dividend yield of Mosaic Co stocks is 2.0%. Mosaic Co. had an annual average earnings growth of 22.90% over the past 10 years.

Liberty Global Plc (LBTYA)

Manning & Napier purchased 6,627,035 shares of Liberty Global Plc in the quarter, representing 0.14% of the portfolio. The stock’s average share price was $71.

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Liberty Global Plc, formerly Liberty Global Inc., a Delaware corporation, is an international cable company with operations in 14 countries. Liberty Global Plc has a market cap of $22.32 billion; its shares were traded at around $40.25 with and P/S ratio of 0.90. Liberty Global Plc had an annual average earnings growth of 18.50% over the past 10 years. GuruFocus rated Liberty Global Plc the business predictability rank of 2-star.

AMC Networks Inc. (AMCX)

Manning & Napier purchased 3,482,000 shares of AMC Networks Inc., reflecting 0.13% of the portfolio. The stock’s share price averaged $70 during the quarter.

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AMC Networks Inc. is incorporated in the state of Delaware. AMC Networks Inc. has a market cap of $4.97 billion; its shares were traded at around $68.75 with a P/E ratio of 17.20 and P/S ratio of 3.20.

Apollo Education Group Inc. (APOL)

The firm purchased 5,773,250 shares of Apollo Education Group, representing 0.098% of the portfolio. The stock’s price averaged $32 in the quarter.

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Apollo Group Inc. was incorporated in Arizona in 1981. Apollo Education Group Inc. has a market cap of $3.16 billion; its shares were traded at around $28.41 with a P/E ratio of 15.0 and P/S ratio of 1.0. Apollo Education Group Inc. had an annual average earnings growth of 9.70% over the past 10 years.

Liberty Global PLC (LBTYK)

As its fifth largest new buy, Manning & Napier purchased 4,646,515 shares of Liberty Global Plc (LBTYK), a 0.094% portfolio weight. Shares cost $68 each on average during the quarter.

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Liberty Global Plc, formerly Liberty Global Inc., a Delaware corporation, is an international cable company with operations in 14 countries. Liberty Global Plc has a market cap of $21.71 billion; its shares were traded at around $39.16 with and P/S ratio of 0.90. Liberty Global Plc had an annual average earnings growth of 18.50% over the past 10 years. GuruFocus rated Liberty Global Plc the business predictability rank of 2-star.

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