During the third quarter many stocks got new positions in the portfolio of Michael Price (Trades, Portfolio). He bought more than 100,000 shares in Plains GP Holdings LPÂ (PAGP), MSB Financial Corp. (MSBF) and Boardwalk Pipeline Partners LPÂ (BWP).
Price is the 271st richest person in the world, according to Forbes. He has a value-based approach to investing. Price buys stock in out-of-favor small cap companies that are of good value.
Price acquired a 117,500-share stake in Plains GP Holdings LP at an average price of $21.02 per share. The company, through its general partner, is engaged in the transportation, storage, terminaling and marketing of crude oil as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. The deal had a 0.31% impact on the portfolio, and the stock price dropped 56%. Currently it is trading at $9.23.
The company has a market cap of $5.59 billion and an enterprise value of $24.51 billion. It has a P/E of 21.36, a forward P/E of 4.25, a P/B of 3.10 and a P/S of 0.24. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 5/10.
George Soros (Trades, Portfolio), Steven Cohen (Trades, Portfolio) and Price acquired new positions, and John Burbank (Trades, Portfolio) and Jim Simons (Trades, Portfolio) exited their positions.
The guru bought a 170,100-share stake in MSB Financial Corp. at an average price of $11.54 per share. The company operates in the Global Savings & Cooperative Banks industry. The deal had a 0.29% impact on the portfolio, and the stock price went up 8%. Currently it is trading at $12.48 per share.
The company has a market cap of $74.3 million and an enterprise value of $90.68 million. It has a P/E of 189.05, a forward P/E of 178.40, a P/B of 0.97 and a P/S of 6.78. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 7/10.
Jim Simons (Trades, Portfolio) acquired a new position in the company.
Price acquired a 85,000-share stake in Astoria Financial Corp. (AF) at an average price of $15.46 per share. Its business is the operation of its wholly owned subsidiary, Astoria Federal, which attracts retail deposits from the general public and investing those deposits, together with funds generated from operations, main repayments on loans and securities and borrowings, mainly in one- to four-family mortgage loans, multifamily mortgage loans, commercial real estate loans and mortgage-backed securities The deal had a 0.2% impact on the portfolio, and the stock price went up 5%. Currently it is trading at $15.46.
The company has a market cap of $1.64 billion and an enterprise value of $3.95 billion. It has a P/E of 19.09, a forward P/E of 21.51, a P/B of 1.06 and a P/S of 4.10. GuruFocus has given the stock a financial strength rating of 3/10 and a profitability and growth rating of 6/10.
Price acquired a new position, and Jim Simons (Trades, Portfolio) and Bernard Horn (Trades, Portfolio) increased their holdings.
The guru bought a 100,000-share stake in Boardwalk Pipeline Partners at an average price of $13.63 per share. The company operates in the midstream portion of the natural gas and NGLs industry, providing transportation, storage, gathering and processing services for those commodities. The deal had a 0.18% impact on the portfolio, and the stock price dropped 9%. Currently it is trading at $12.43 per share.
The company has a market cap of $3.11 billion and an enterprise value of $656 billion. It has a P/E of 16.09, a forward P/E of 12.17, a P/B of 0.73 and a P/S of 2.50. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 5/10.
Ronald Muhlenkamp (Trades, Portfolio), Jim Simons (Trades, Portfolio), Murray Stahl (Trades, Portfolio) and Richard Snow (Trades, Portfolio) increased their holdings in the third quarter.
Price acquired a 33,900-share stake in Keysight Technologies Inc. (KEYS) at an average price of $31.15 per share. The company operates in the Global Scientific & Technical Instruments industry. The deal had a 0.16% impact on his portfolio, and the stock price dropped 8%. Currently it is trading at $28.62.
The company has a market cap of $4.89 billion and an enterprise value of $5.51 billion. It has a P/E of 14.44, a forward P/E of 11.19, a P/B of 3.71 and a P/S of 1.71. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 4/10.
Diamond Hill Capital (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio) and Zeke Ashton (Trades, Portfolio) increased their holdings.
Price bought a 35,464-share stake in Gyrodyne LLCÂ (GYRO) at an average price of $31.44 per share. The company operates primarily in one segment. The company's primary business is the investment in and the acquisition, ownership and management of a geographically diverse portfolio of medical office and industrial properties and development of industrial and residential properties. The deal had a 0.15% impact on the portfolio, and the stock price dropped 20%. Currently it is trading at $25.25 per share.
The company has a market cap of $37.44 million and an enterprise value of $56.24 million. It has a P/E of 55.45, a P/B of 0.74 and a P/S of 0.71. GuruFocus has given the stock a financial strength rating of 4/10 and a profitability and growth rating of 2/10.
Price acquired a new position, and Jeremy Grantham (Trades, Portfolio) increased his holdings by 29.36%.
The guru acquired a 25,000-share stake in Allison Transmission Holdings Inc. (ALSN) at an average price of $28.67 per share. It is a manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles. The stock price dropped by 9%. Currently it is trading at $26.15.
The company has a market cap of $4.47 billion and an enterprise value of $6.73 billion. It has a P/E of 21.30, a forward P/E of 11.86, a P/B of 3.67 and a P/S of 2.29. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 7/10.
Steven Cohen (Trades, Portfolio) acquired a new position, and Wallace Weitz (Trades, Portfolio) increased his holding.
Price bought a 12,500-share stake in Westlake Chemical Corp. (WLK) at an average price of $58.39 per share. It is a manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated products. The deal had a 0.1% impact on the portfolio, and the stock price dropped 5%. Currently it is trading at $55.66 per share.
The company has a market cap of $7.27 billion and an enterprise value of $7.09 billion. It has a P/E of 10.27, a forward P/E of 10.40, a P/B of 2.25 and a P/S of 1.60. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 8/10.
Ray Dalio (Trades, Portfolio) and David Dreman (Trades, Portfolio) acquired new positions in the company.
The guru acquired a 11,081-share stake in Plains All American Pipeline LPÂ (PAA) at an average price of $36.55 per share. The company is engaged in the transportation, storage, terminaling and marketing of crude oil and refined products as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. The stock price dropped by 36%. Currently it is trading at $23.51.
The company has a market cap of $9.35 billion and an enterprise value of $24.04 billion. It has a P/E of 19.49, a forward P/E of 15.92, a P/B of 1.12 and a P/S of 0.33. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 6/10.
The stock got a new position in the portfolio of First Eagle Investment (Trades, Portfolio).
Price bought a 5,773-share stake in Steel Partner Holdings LPÂ (SPLP) at an average price of $16.97 per share. The company operates primarily in one segment. The company is a diversified holding company that engages in multiple businesses through consolidated subsidiaries, associated companies and other interests in various industries including energy, defense, banking, food products, etc. The deal had a 0.01% impact on the portfolio, and the stock price dropped 4%. Currently it is trading at $16.37 per share.
The company has a market cap of $435.8 million and an enterprise value of $574.39 million. It has a P/E of 7.95, a P/B of 0.85 and a P/S of 0.48. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 6/10.
Price acquired a new position, and Jim Simons (Trades, Portfolio) closed his holdings.
