Long-term investor Mario Cibelli (Trades, Portfolio) has a reputation for investing in stocks he believes will double in a few years. A good example of his talent is the fact that he was an early investor in Netflix (NFLX, Financial), buying it when shares were selling for $10. Late in Thursday’s trading session, Netflix was trading for more than $116.
Cibelli’s most significant transactions in the second quarter were his reductions of his stakes in Shutterfly Inc. (SFLY, Financial) and Xoom Corp. (XOOM, Financial).
Cibelli sold 205,000 shares of Shutterfly, a Redwood City, Calif.-based image publishing service, for an average price of $46.36 per share. The sale had a -3.8% impact on his portfolio.
Shutterfly has a market cap of $1.38 billion and an enterprise value of $1.55 billion. It has a Price/Book of 2.4 and a Price/Sales of 1.5. PRIMECAP Management (Trades, Portfolio), Manning & Napier Advisors, Inc., Steven Cohen (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of Shutterfly in their portfolios.
Cibelli sold 390,000 shares (nearly one-fifth of his stake) of Xoom, a San Francisco-based digital money transfer or remittance provider, for an average price of $18.52 per share. The transaction had a -2.35% impact on Cibelli’s portfolio.
Xoom has a market cap of $976.11 million and an enterprise value of $789.11 million. It has a Price/Book of 3.7 and a Price/Sales of 5.5. Cibelli is Xoom’s leading shareholder among the gurus; PRIMECAP Management (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) also have shares of Xoom in their portfolios.
Cibelli also sold portions of his stakes in Liberty Interactive Corp. (QVCA, Financial), Speedway Motorsports Inc. (TRK, Financial), HSN Inc. (HSNI, Financial), Merrill Lynch & Co. Inc. Oil Srvc. HOLDRS Tr. (OIH, Financial) and Google Inc. (GOOG, Financial).
Cibelli sold one stake in the second quarter – Lumber Liquidators Holdings Inc. (LL, Financial), a Massachusetts based hardwood flooring retailer.
Cibelli sold his 15,000-share stake in Lumber Liquidators for an average price of $26.37 per share. The deal had a -0.19% impact on his portfolio.
Lumber Liquidators has a market cap of $404.37 million and an enterprise value of $376.92 million. It has a P/E of 83.9, a Price/Book of 1.3 and a Price/Sales of 0.4. John Rogers (Trades, Portfolio), Julian Robertson (Trades, Portfolio) and Columbia Wanger (Trades, Portfolio) have shares of Lumber Liquidators in their portfolios.
Lumber Liquidators has struggled since CBS aired a segment on “60 Minutes” that alleged that Lumber Liquidators had received flooring material from China that had more than the legally allowed amount of formaldehyde, a carcinogenic chemical.
New buys and adds
Cibelli bought two new stakes in the second quarter – InterXion Holding NV (INXN, Financial), an Amsterdam-based provider of colocation data center services, and Noodles & Co. (NDLS, Financial), a Colorado-based fast-casual restaurant.
Cibelli acquired a 175,000-share stake in InterXion Holding for an average price of $29.64 per share. The purchase had a 1.96% impact on Cibelli’s portfolio.
InterXion has a market cap of $1.89 billion and an enterprise value of $2.44 billion. It has a P/E of 38.4, a Price/Book of 3.5 and a Price/Sales of 4.5. John Paulson (Trades, Portfolio), David Abrams (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Wilbur Ross (Trades, Portfolio), Jim Simons (Trades, Portfolio), Manning & Napier Advisors, Inc., Chris Davis (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) have shares of InterXion in their portfolios.
Cibelli bought a 260,000-share stake in Noodles & Co. for an average price of $16.94 per share. The acquisition had a 1.54% impact on Cibelli’s portfolio.
Noodles & Co. has a market cap of $328.23 million and an enterprise value of $356.99 million. It has a P/E of 51.8, a Price/Book of 2.5 and a Price/Sales of 0.8.
On Aug. 26, Noodles & Co. hit its 52-week low of $11.20. It regained 20 cents by end of the session.
Cibelli added to two existing stakes in his portfolio – SeaWorld Entertainment Inc. (SEAS) and Darling Ingredients Inc. (DAR).
Cibelli acquired 85,000 shares of SeaWorld Entertainment, a theme park based in Orlando, Fla., for an average price of $20.71 per share. The transaction had a 0.64% impact on Cibelli’s portfolio.
SeaWorld Entertainment has a market cap of $1.61 billion and an enterprise value of $3.16 billion. It has a P/E of 67.2, a Price/Book of 3.2 and a Price/Sales of 1.1. James Barrow (Trades, Portfolio), Jim Simons (Trades, Portfolio), Julian Robertson (Trades, Portfolio), Westport Asset Management (Trades, Portfolio), Manning & Napier Advisors, Inc., Louis Moore Bacon (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of SeaWorld Entertainment in their portfolios.
Cibelli purchased 60,000 shares of Darling Ingredients, an Irving, Texas-based company that develops and produces sustainable natural ingredients for food, feed and fuel, paying an average price of $14.74 per share. The deal had a 0.36% impact on Cibelli’s portfolio.
Darling Ingredients has a market cap of $2.11 billion and an enterprise value of $4.13 billion. It has a P/E of 24.2, a Price/Book of 1.1 and a Price/Sales of 0.6. Steven Cohen (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Jim Simons (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Tom Gayner (Trades, Portfolio) have shares of Darling Ingredients in their portfolios.
On Aug. 26, Darling Ingredients hit a new 52-week low of $11.94 before rebounding to $12.36 by the closing bell.
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