At the end of the second quarter of 2015, the hedge fund Cue Financial Group Inc. reported a total value of its portfolio of $106,266,000 with an increase of 6.92% since the previous quarter.
During Q2 2015, the hedge fund bought 8 new stocks and increased 97 stakes, and the following are the most heavily-weighted US companies it bought.
It bought 21,991 shares ofBroadridge Financial Solutions (BR) with an impact of 1.04% on its portfolio. The Company is a global provider of investor communication, securities processing, and clearing and outsourcing solutions to the financial services industry. The Company classifies its operations into the following three reportable segments: Investor Communication Solutions- provides solutions for the processing and distribution of proxy materials to investors, including vote processing, and for the distribution of regulatory reports and corporate action/reorganization event information, as well as tax reporting solutions.
The stock is trading with a P/E(ttm) ratio of 25.31, while other companies in the Global Business Services industry have an average P/E(ttm) ratio of 20.60. The price of the stock has risen by 29% during the last 12 months and is now -4.63% from its 52-week high and +38.98% from its 52-week low.
The stock has positive returns (ROA +12.12% and ROE +27.73%) that are outperforming 87% of other companies in the same sector. Earnings per share of the company increased by 1% over the last 12 months, revenue grew by 4.10% and EBITDA by 1.80%
The main hedge fund holding shares of the company isMeridian Funds (Trades, Portfolio) with 0.68% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 0.64% of shares outstanding ofBR and Chuck Royce (Trades, Portfolio) who holds 0.56%.
It bought 14,605 shares ofVisa Inc (V) with an impact of 0.92% on its portfolio. It is a payment technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. The Company operates processing networks, VisaNet, offering fraud protection for consumers and assured payment for merchants.
The stock is trading with a P/E(ttm) ratio of 32.19, while other companies in the Global Credit Services industry have an average P/E(ttm) ratio of 15.70. The price of the stock has risen by 30% during the last 12 months and is now -1.64% from its 52-week high and +47.14% from its 52-week low.
The stock has positive returns (ROA +14.52% and ROE +20.09%) that are outperforming the 78% of other companies in the same sector. Earnings per share of the company increased by 5.70% over the last 12 months, revenue grew by 11.10% and EBITDA by 9.20%.
The main hedge fund holding shares of the company isFrank Sands (Trades, Portfolio) with 2.06% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.59% of shares outstanding ofVisa, and PRIMECAP Management (Trades, Portfolio) which holds 0.48%.
It bought 16,903 shares ofRobert Half International Inc. (RHI) with an impact of 0.88% on its portfolio. The Company provides specialized staffing and risk consulting services through such divisions as Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group, and Protiviti. The Company, through its Accountemps, Robert Half Finance & Accounting, and Robert Half Management Resources divisions, is a provider of temporary, full-time, and project professionals in the fields of accounting and finance.
The stock is trading with a P/E(ttm) ratio of 23.66, while other companies in the Global Staffing & Outsourcing Services industry have an average P/E(ttm) ratio of 19.20. The price of the stock has risen by 10% during the last 12 months and is now -10.78% from its 52-week high and +24.61% from its 52-week low.
The stock has positive returns (ROA +20.14% and ROE +33.26%) that are outperforming the 86% of other companies in the same sector. Earnings per share of the company grew by 26.60% over the last 12 months, revenue grew by 13.50% and EBITDA by 26.60%
The main hedge fund holding shares of the company isRS Investment Management (Trades, Portfolio) with 0.36% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.28% of shares outstanding ofRHI and Chuck Royce (Trades, Portfolio) which holds 0.16%.
It bought 8,537 shares ofDevon Energy Corp (DVN) with an impact of 0.48% on its portfolio. It is an independent energy company engaged in the exploration, development and production of oil, natural gas and NGLs. The Company's operations are concentrated in various North American onshore areas in the U.S. and Canada. It also own natural gas pipelines, plants and treatment facilities in many of its producing areas, making it one of North America's processors of natural gas. Its marketing and midstream revenues are mainly generated by: selling NGLs that are either extracted from the gas streams processed by its plants or purchased from third parties for marketing, and selling or gathering gas that moves through its transport pipelines and unrelated third-party pipelines.
The stock is trading with a forward P/E ratio of 39.68, while other companies in the Global Oil & Gas E&P industry have an average P/E(ttm) ratio of 25.13. The price of the stock has dropped by 35% during the last 12 months and is now -35.61% from its 52-week high and +0.89% from its 52-week low.
The stock has negative returns (ROA -4.62% and ROE -11.17%) that are underperforming the 55% of other companies in the same sector. Growth rates are mixed :earnings per share of the company dropped by 240% over the last 12 months, revenue grew by 55% and EBITDA dropped by 68%
The main hedge fund holding shares of the company isFirst Eagle Investment (Trades, Portfolio) with 2% of outstanding shares, followed by Tweedy Browne (Trades, Portfolio) with 1.01% of shares outstanding ofDVN and Diamond Hill Capital (Trades, Portfolio) which holds 0.77%.
It bought 7,798 shares ofAmerican Water Works Co Inc. (AWK) with an impact of 0.36% on its portfolio. The Company's business involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers. The Company has two operating segments; the Regulated Businesses and the Market-Based Operations.
The stock is trading with a P/E(ttm) ratio of 21.06, while other companies in the GlobalUtilities – Regulated Water industry have an average P/E(ttm) ratio of 17.50. The price of the stock has increased by 5% during the last 12 months and is now -11.64% from its 52-week high and +10.46% from its 52-week low.
The stock has negative returns (ROA 2.76% and ROE 8.88%) that are underperforming the 52% of other companies in the same sector. Over the last 12 months growth rates are growing : earnings per share by 14%, revenue by 3.10% and EBITDA by 6.70%
The main hedge fund holding shares of the company isJim Simons (Trades, Portfolio) with 0.47% of outstanding shares, followed by John Keeley (Trades, Portfolio) with 0.13% of shares outstanding ofAWK and Mario Gabelli (Trades, Portfolio) who holds 0.01%.
Other buys
Cue Financial Group also increased its stake in Vanguard Whitehall Fds Inc (VYM) by 5%, Vanguard Specialized Portfol (VIG) by 5%, Danaher Corp Del (DHR) by 14%, United Technologies Corp (UTX) by 9% and Exxon Mobil Corp (XOM) by 15%.
