RS Investment Management (Trades, Portfolio)’s investment philosophy is to invest in public equity and fixed-income markets across the globe. In the hundreds of investment decisions it made in the third quarter, RS Investment Management (Trades, Portfolio)’s portfolio clearly demonstrated that tendency.
RS Investment Management (Trades, Portfolio)’s most significant third-quarter transaction was the sale of its 498,455-share stake in Allegiant Travel Co. LLC (ALGT, Financial), an Enterprise, Nev.-based airline, for an average price of $209.84 per share. The deal had a -0.76% impact on RS Investment Management (Trades, Portfolio)’s portfolio.
Allegiant Travel has a market cap of $3.3 billion and an enterprise value of $3.61 billion. It has a P/E of 20.0, a forward P/E of 15.0, a P/B of 9.9 and a P/S of 2.7. GuruFocus has given Allegiant Travel a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Jim Simons (Trades, Portfolio), Ronald Muhlenkamp (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Manning & Napier Advisors Inc., Steven Cohen (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Allegiant Travel in their portfolios.
Allegiant Travel sold for $195.7 per share late Wednesday.
RS Investment Management (Trades, Portfolio) also sold its stake StanCorp Financial Group Inc. (SFG, Financial). The 959,713-share stake sold for an average price of $104.71 per share. That transaction had a -0.62% impact on RS Investment Management (Trades, Portfolio)’s portfolio.
StanCorp Financial Group has a market cap of $4.85 billion and an enterprise value of $5.08 billion. It has a P/E of 19.8, a forward P/E of 20.2, a P/B of 2.1 and a P/S of 1.8. GuruFocus has given StanCorp Financial Group a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Richard Pzena (Trades, Portfolio), Mario Gabelli (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of StanCorp Financial Group in their portfolios.
StanCorp Financial Group sold for $114.74 per share late Wednesday.
RS Investment Management (Trades, Portfolio) sold its 1,073,290-share stake in Citigroup Inc. (C, Financial), a New York-based banking and financial services company, for an average price of $54.69 per share. The deal had a -0.51% impact on RS Investment Management (Trades, Portfolio)’s portfolio.
Citigroup has a market cap of $160.36 billion and an enterprise value of $252.01 billion. It has a P/E of 11.6, a forward P/E of 9.3, a P/B of 0.8 and a P/S of 2.2. GuruFocus has given Citigroup a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
James Barrow (Trades, Portfolio), HOTCHKIS & WILEY, Ken Fisher (Trades, Portfolio), Steven Romick (Trades, Portfolio), First Pacific Advisors (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Bill Nygren (Trades, Portfolio), Diamond Hill Capital (Trades, Portfolio), Larry Robbins (Trades, Portfolio), Charles Brandes (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Ken Heebner (Trades, Portfolio), NWQ Managers (Trades, Portfolio), Sarah Ketterer (Trades, Portfolio), Andreas Halvorsen (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Stanley Druckenmiller (Trades, Portfolio), Kahn Brothers (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Julian Robertson (Trades, Portfolio), Arnold Schneider (Trades, Portfolio), Signature Select Canadian Fund (Trades, Portfolio), Francis Chou (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Chris Davis (Trades, Portfolio), Manning & Napier Advisors Inc., Jeff Auxier (Trades, Portfolio), Donald Smith (Trades, Portfolio), George Soros (Trades, Portfolio), David Dreman (Trades, Portfolio), Prem Watsa (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), John Keeley (Trades, Portfolio), Dodge & Cox and Ruane Cunniff (Trades, Portfolio) have shares of Citigroup in their portfolios.
Late Wednesday Citigroup was selling for $53.83 per share.
RS Investment Management (Trades, Portfolio) bought 71 new stakes in the third quarter, the most noteworthy being a 378,280-share stake in Charter Communications Inc. (CHTR, Financial), a Stamford, Conn.-based telecommunications company, for an average price of $182.33 per share. The purchase had a 0.59% impact on RS Investment Management (Trades, Portfolio)’s portfolio.
Charter Communications has a market cap of $21.34 billion and an enterprise value of $54.62 billion. It has a forward P/E of 263.2, a P/B of 358.7 and a P/S of 2.2. GuruFocus has given Charter Communications a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.
Warren Buffett (Trades, Portfolio), Steve Mandel (Trades, Portfolio), John Griffin (Trades, Portfolio), Lee Ainslie (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Jim Simons (Trades, Portfolio), Chase Coleman (Trades, Portfolio), Daniel Loeb (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), John Burbank (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) have shares of Charter Communications in their portfolios.
Charter Communications sold for $190.1 per share late Wednesday.
RS Investment Management (Trades, Portfolio) purchased a 687,080-share stake in American Express Co. (AXP, Financial), a New York-based banking and financial services company, for an average price of $76.94 per share. The acquisition had a 0.45% impact on RS Investment Management (Trades, Portfolio)’s portfolio.
American Express has a market cap of $72.9 billion and an enterprise value of $104.78 billion. It has a P/E of 13.3, a forward P/E of 13.4, a P/B of 3.5 and a P/S of 2.3. GuruFocus has given American Express a Financial Strength rating of 4/10 and a Profitability and Growth rating of 7/10.
Warren Buffett (Trades, Portfolio), Chris Davis (Trades, Portfolio), James Barrow (Trades, Portfolio), First Eagle Investment (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Jeff Ubben (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Brian Rogers (Trades, Portfolio), Bill Nygren (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio), Steven Romick (Trades, Portfolio), Sarah Ketterer (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Bill Frels (Trades, Portfolio), Tom Gayner (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Tweedy Browne (Trades, Portfolio), Dodge & Cox, Tom Russo (Trades, Portfolio), John Rogers (Trades, Portfolio), Mark Hillman (Trades, Portfolio), David Dreman (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio) and Lee Ainslie (Trades, Portfolio) have shares of American Express in their portfolios.
Late Wednesday American Express was selling for $74.07 per share.
RS Investment Management (Trades, Portfolio) bought a 1,301,270-share stake in Agilent Technologies Inc. (A, Financial), a Santa Clara, Calif.-based healthcare equipment and services company, for an average price of $37.84 per share. The deal had a 0.4% impact on RS Investment Management (Trades, Portfolio)’s portfolio.
Agilent Technologies has a market cap of $12.71 billion and an enterprise value of $12.29 billion. It has a P/E of 45.8, a forward P/E of 19.5, a P/B of 3.1 and a P/S of 1.9. GuruFocus has given Agilent Technologies a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Vanguard Health Care Fund (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Jim Simons (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), John Keeley (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Chris Davis (Trades, Portfolio) and Ron Baron (Trades, Portfolio) have shares of Agilent Technologies in their portfolios.
Agilent Technologies sold for $38.34 per share late Wednesday.
RS Investment Management (Trades, Portfolio) reduced 80 of its existing stakes in the third quarter. The most noteworthy reduction was its sale of 1,179,855 shares of Bristow Group Inc. (BRS, Financial), an Aberdeen, Scotland-based civil helicopter operator, for an average price of $39.95 per share. The transaction had a -0.54% impact on RS Investment Management (Trades, Portfolio)’s portfolio.
Bristow Group has a market cap of $1.29 billion and an enterprise value of $2.13 billion. It has a P/E of 43.0, a forward P/E of 11.0, a P/B of 0.8 and a P/S of 0.7. GuruFocus has given Bristow Group a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
John Rogers (Trades, Portfolio), Jim Simons (Trades, Portfolio), John Buckingham (Trades, Portfolio), Third Avenue Management (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio) and John Keeley (Trades, Portfolio) have shares of Bristow Group in their portfolios.
Bristow Group sold for $37.01 per share late Wednesday.
RS Investment Management (Trades, Portfolio) added to 185 existing stakes in the third quarter. The most significant addition was to its stake in Ritchie Bros. Auctioneers Inc. (RBA, Financial), a British Columbia-based industrial auctioneer. RS Investment Management (Trades, Portfolio) bought 1,972,355 shares for an average price of $27.34 per share. The transaction had a 0.46% impact on RS Investment Management (Trades, Portfolio)’s portfolio.
Ritchie Bros. has a market cap of $2.73 billion and an enterprise value of $2.63 billion. It has a P/E of 27.6, a forward P/E of 21.3, a P/B of 4.1 and a P/S of 5.4. GuruFocus has given Ritchie Bros. a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Chuck Royce (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), John Keeley (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Tom Gayner (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of Ritchie Bros. in their portfolios.
Ritchie Bros. sold for $25.75 per share late Wednesday.
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