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 and buys in Real Time activity from Mario Gabelli (Trades, Portfolio) and Larry Robbins (Trades, Portfolio).
Mario Gabelli (Trades, Portfolio)
Over the past week Mario Gabelli (Trades, Portfolio) made three real time transactions in various holdings. The guru made two increases on May 30 and one reduction on May 29.
Gabelli reduced his holdings in The Gabelli Global Deal Fund (GDL) -23% by selling 337,343 shares of the fund’s stock. He sold these at the estimated average price of $10.85 per share, and since this sell the price per share is trading up about 2%.
Mario Gabelli (Trades, Portfolio) now holds on to 1,129,467 shares of the fund’s stock, representing roughly 0.09% of Gabelli’s total assets managed. This most recent reduction is the first time Gabelli has reduced his holdings in his fund since the fourth quarter of 2010.
Gabelli’s holding history as of the first quarter:
The GDL Fund is a non-diversified, closed-end management investment company. The fund will invest primarily in merger arbitrage transactions, and to a lesser extent, in corporate reorganizations involving stubs, spin-offs and liquidations.
The guru increased his holdings in Mueller Industries (MLI). The guru upped his stake 12.75% by purchasing 327,500 shares. He bought these shares at around the average price of $28.82 per share, and now the price per share is trading down about -1% to $28.62 per share.
Gabelli now holds on to 2,895,700 shares of Mueller stock, representing 5.15% of the company’s shares outstanding and approximately 0.45% of his total portfolio holdings.
Gabelli’s holdings as of the close of the first quarter:
Mueller Industries is a manufacturer of copper, brass, plastic, and aluminum products. The company also resells imported brass and plastic plumbing valves, malleable iron fittings, faucets and plumbing specialty products.
Mueller Industries’ historical revenue and net income:
The Peter Lynch Chart suggests that the company is currently undervalued:
Mueller Industries has a market cap of $1.62 billion. Its shares are currently trading at around $28.62 with a P/E ratio of 9.50, a P/S ratio of 0.75 and a P/B ratio of 2.20. The company had an annual average earnings growth of 2% over the past ten years.
Lastly, Gabelli increased his position in Zygo Corp (ZIGO). The guru upped his holdings 7.63% by purchasing 56,761 shares of the company’s stock. He purchased these share near the average daily price of $19.22 per share. Since then the price per share is trading slightly up to $19.32 per share.
Gabelli now holds on to 800,461 shares of Zygo, representing 4.32% of the company’s shares outstanding and approximately 0.05% of the guru’s total portfolio.
Gabelli’s historical holding history:
Zygo designs, develops, and manufactures ultra-high precision measurement solutions to improve its customers' manufacturing yields, and optical components and systems as OEM sub-components and end-user optical systems.
Zygo’s historical revenue and net income:
Zygo has a market cap of $369 million. Its shares are currently trading at around $19.29 with a P/E ratio of 41.80 and a P/S ratio of 2.20.
Larry Robbins (Trades, Portfolio)
Over the past week Larry Robbins (Trades, Portfolio) made a sizeable buy into VCA Antech (WOOF). The guru upped his holdings in the company 386.34% by purchasing 5,941,341 shares of the company’s stock. He bought these shares near the daily average price of $34.58 per share, and since then the price per share is trading up approximately 5%.
Robbins now holds on to 7,479,200 shares of VCA Antech, representing 8.44% of the company’s shares outstanding and about 2% of his total portfolio.
Robbins’ historical holding history:
VCA Anatech a position in the animal hospital and veterinary diagnostic laboratory markets through both internal growth and acquisitions. It is a national animal healthcare company operating in the United States and Canada.
VCA Anatech’s historical revenue and net income:
The analysis on VCA Anatech reports that the company’s asset growth is faster than its revenue growth, its price is near a 5-year high and its Piotroski F-Score is high. Find out more about VCA Anatech on GuruFocus’ Definition Page.
The Peter Lynch Chart suggests that the company is currently overvalued:
VCA Anatech has a market cap of $3.05 billion. Its shares are currently trading at around $34.58 with a P/E ratio of 22.50, a P/S ratio of 1.71 and a P/B ratio of 2.20. The company had an annual average earnings growth of 4.50% over the past ten years.
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