NWQ Managers (Trades, Portfolio), a value-oriented money management firm, bought 10 new stakes in the third quarter, one more than it bought in the second quarter – although NWQ has acquired and sold one of the companies several times in recent years.
NWQ Managers (Trades, Portfolio)’ largest new buy was its investment in a 2,304,728-share stake in Taylor Morrison Home Corp. (TMHC, Financial), a Scottsdale, Arizona-based home building company, for an average price of $19.76 per share. The transaction had a 0.66% impact on NWQ Managers (Trades, Portfolio)’ portfolio.
Taylor Morrison has a market cap of $1.98 billion and an enterprise value of $4.92 billion. It has a P/E of 10.5, a forward P/E of 6.9, a P/B of 3.8 and a P/S of 0.7. GuruFocus has given Taylor Morrison a Financial Strength rating of 4/10 and a Profitability and Growth rating of 4/10.
With the acquisition, NWQ Managers (Trades, Portfolio) became Taylor Morrison’s leading shareholder among the gurus. Alan Fournier (Trades, Portfolio), John Keeley (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Arnold Schneider (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) also have shares of Taylor Morrison in their portfolios.
On Wednesday Taylor Morrison sold for $16.13 per share.
NWQ Managers (Trades, Portfolio) also acquired a 299,585-share stake in Cigna Corp. (CI, Financial), a Bloomfield, Connecticut-based managed health care company, for an average price of $145.17 per share. The deal had a 0.62% impact on NWQ Managers (Trades, Portfolio)’ portfolio.
Cigna has a market cap of $36.37 billion and an enterprise value of $39.11 billion. It has a P/E of 17.3, a forward P/E of 15.0, a P/B of 3.1 and a P/S of 1.0. GuruFocus has given Cigna a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Dodge & Cox, Vanguard Health Care Fund (Trades, Portfolio), Larry Robbins (Trades, Portfolio), James Barrow (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Eric Mindich (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Jim Simons (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), John Burbank (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Signature Select Canadian Fund (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), John Keeley (Trades, Portfolio), Lee Ainslie (Trades, Portfolio), Mairs and Power (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and David Dreman (Trades, Portfolio) have shares of Cigna in their portfolios.
Cigna sold for $141.19 per share Wednesday.
NWQ Managers (Trades, Portfolio) bought an 838,108-share stake in Haverty Furniture Companies Inc. (HVT, Financial), an Atlanta-based retail furniture company, for an average price of $22.97 per share. The acquisition had a 0.3% impact on NWQ Managers (Trades, Portfolio)’ portfolio.
Haverty has a market cap of $495.78 million and an enterprise value of $466.68 million. It has a P/E of 65.7, a forward P/E of 14.6, a P/B of 1.7 and a P/S of 0.6. GuruFocus has given Haverty a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.
Chuck Royce (Trades, Portfolio), Jim Simons (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and John Keeley (Trades, Portfolio) have Haverty shares in their portfolios.
On Wednesday Haverty sold for $22.37 per share.
NWQ Managers (Trades, Portfolio) obtained a 901,215-share stake in Heritage Financial Corp. (HFWA, Financial), an Olympia, Washington-based bank holding company, for an average price of $18.07 per share. The acquisition had a 0.26% impact on NWQ Managers (Trades, Portfolio)’ portfolio.
Heritage Financial has a market cap of $560.09 million and an enterprise value of $431.71 million. It has a P/E of 15.9, a forward P/E of 15.0, a P/B of 1.2 and a P/S of 3.4. GuruFocus has given Heritage Financial a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Jim Simons (Trades, Portfolio) also has shares of Heritage Financial in his portfolio.
Heritage Financial sold for $18.69 per share Wednesday.
NWQ Managers (Trades, Portfolio) purchased a 440,503-share stake in Ameris Bancorp (ABCB, Financial), the parent company of Ameris Bank, a Moultrie, Georgia-based financial services company, for an average price of $27.14 per share. The transaction had a 0.2% impact on NWQ Managers (Trades, Portfolio)’ portfolio.
Ameris Bancorp has a market cap of $1.11 billion and an enterprise value of $1.1 billion. It has a P/E of 27.8, a forward P/E of 14.2, a P/B of 2.2 and a P/S of 4.2. GuruFocus has given Ameris Bancorp a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
Jim Simons (Trades, Portfolio), Bernard Horn (Trades, Portfolio) and Ken Fisher (Trades, Portfolio) have shares of Ameris Bancorp in their portfolios.
On Wednesday Ameris Bancorp sold for $34.39 per share.
NWQ Managers (Trades, Portfolio) bought a 39,149-share stake in iShares Russell 1000 Value Index (ETF) [IWD] for an average price of $99.25 per share. The deal had a 0.06% impact on NWQ Managers (Trades, Portfolio)’ portfolio.
NWQ Managers (Trades, Portfolio) has been buying and selling stakes in Value Index for years, and the latest purchase made NWQ Managers (Trades, Portfolio) the Value Index’s leading shareholder among the gurus. Diamond Hill Capital (Trades, Portfolio), Richard Snow (Trades, Portfolio) and Arnold Schneider (Trades, Portfolio) have shares in the Value Index in their portfolios.
The Value Index sold for $99.63 per share Wednesday.
NWQ Managers (Trades, Portfolio) invested in a 137,400-share stake in Colony Capital Inc. (CLNYPRC, Financial), a Los Angeles-based private equity real estate fund, for an average price of $23.5 per share. The acquisition had a 0.05% impact on NWQ Managers (Trades, Portfolio)’ portfolio.
Colony Capital has a P/E of 21.1, a forward P/E of 12.0, a P/B of 0.8 and a P/S of 3.6. GuruFocus has given Colony Capital a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
NWQ Managers (Trades, Portfolio) invested in a 283,765-share stake in CVR Partners LP (UAN, Financial), a Sugar Land, Texas-based nitrogen fertilizer products company, for an average price of $11.47 per share. The transaction had a 0.04% impact on NWQ Managers (Trades, Portfolio)’ portfolio.
CVR Partners has a market cap of $554.28 million and an enterprise value of $645.99 million. It has a P/E of 8.1, a P/B of 1.5 and a P/S of 1.9. GuruFocus has given CVR Partners a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Jim Simons (Trades, Portfolio) also has shares of CVR Partners in his portfolio.
On Wednesday CVR Partners sold for $7.58 per share.
NWQ Managers (Trades, Portfolio) also bought a 29,550-share stake in Cedar Fair LP (FUN, Financial), a Sandusky, Ohio-based entertainment company that operates amusement parks, water parks and hotels, for an average price of $54.3 per share. The deal had a 0.02% impact on NWQ Managers (Trades, Portfolio)’ portfolio.
Cedar Fair has a market cap of $3.08 billion and an enterprise value of $4.44 billion. It has a P/E of 26.0, a forward P/E of 15.0, a P/B of 24.6 and a P/S of 2.5. GuruFocus has given Cedar Fair a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Pioneer Investments (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of Cedar Fair in their portfolios.
Cedar Fair sold for $54.94 per share Wednesday.
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