FPA Capital Fund (Trades, Portfolio) has a concentrated portfolio and invests primarily in undervalued small- to mid-cap companies. It manages a portfolio composed of 24 stocks with a total value of $611 million. Following are the stakes the firm increased during the fourth quarter.
The stake in Apollo Education Group Inc. (APOL) increased by 52.22% with an impact of 2.15% on the portfolio.
The company offers educational programs and services, online and on-campus at the undergraduate, master's and doctoral levels. Fourth quarter net revenue was $93.1 million less compared to the fourth quarter of 2014.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with negative returns of ROE -5.65% and ROA -2.83%, but it is underperforming 74% of the companies in the Global Education & Training Services industry. Financial strength has a rating of 7 out of 10 with a cash-to-debt of 15.64 that is far above the industry median of 2.43.
The company’s largest shareholder among the gurus is First Pacific Advisors (Trades, Portfolio) with 7.02% of outstanding shares followed by Larry Robbins (Trades, Portfolio) with 6.35%, Joel Greenblatt (Trades, Portfolio) with 1.99% and Donald Yacktman (Trades, Portfolio) with 1.98%.
The fund raised its stake in Noble Energy Inc. (NBL) by 6.09%. The deal had an impact of 0.35% on the portfolio.
The company is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. Its portfolio is diversified between short-term and long-term projects, both onshore and offshore, domestic and international.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with negative returns of ROE -0.10% and ROA -0.05%, but it is overperforming 73% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 3 out of 10 with a cash-to-debt of 0.13 that is below the industry median of 0.39.
Steven Cohen (Trades, Portfolio) is the company's largest shareholder among the gurus, with 0.85% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.62%, First Pacific Advisors (Trades, Portfolio) with 0.52%, RS Investment Management (Trades, Portfolio) with 0.33%, FPA Capital Fund (Trades, Portfolio) with 0.26%, George Soros (Trades, Portfolio) with 0.26% and Diamond Hill Capital (Trades, Portfolio) with 0.18%.
The fund increased its stake in Patterson-UTI Energy Inc. (PTEN) by 6.09% with an impact of 0.28% on the portfolio.
The company is a provider of contract services to the North American oil and natural gas industry. It owns and operates large fleets of land-based drilling rigs in the U.S. It delivered a net loss of $1.54 per share, for the third quarter of 2015, compared to net income of 11 cents per share for the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with negative returns of ROE -6.30% and ROA -3.52%, but it is overperforming 54% of the companies in the Global Oil & Gas Drilling industry. Financial strength has a rating of 3 out of 10 with a cash-to-debt of 0.09 that is far below the industry median of 0.21.
The company’s largest shareholder among the gurus is First Pacific Advisors (Trades, Portfolio) with 2.7% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 1.04% and Cohen with 0.76%.
The fund increased its stake in SM Energy Co. (SM) by 11.41%. The deal had an impact of 0.27% on the portfolio.
It is an energy company engaged in the acquisition, exploration, development and production of oil, gas and natural gas liquids (NGLs) in onshore North America.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE 10.34% and ROA 3.59% that are overperforming 87% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.35 that is below the industry median of 0.52.
Sarah Ketterer (Trades, Portfolio) is the company's largest shareholder among the gurus with 3.11% of outstanding shares. Other relevant investors are First Pacific Advisors (Trades, Portfolio) with 1.77%, Columbia Wanger (Trades, Portfolio) with 1.39% and Paul Singer (Trades, Portfolio) with 0.68%.
The fund increased its stake in AGCO Corp. (AGCO) by 3.00% with an impact of 0.13% on the portfolio.
The company manufactures and distributes agricultural equipment and related replacement parts in various parts of the country. It sells a full range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, tillage, implements and grain storage and protein production systems.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with strong returns of ROE 8.62% and ROA 3.78% that are overperforming 65% of the companies in the Global Farm & Construction Equipment industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.28 that is below the industry median of 0.41.
The company’s largest shareholder among the gurus is Third Avenue Management (Trades, Portfolio) with 2.15% of outstanding shares followed by Martin Whitman (Trades, Portfolio) with 1.38%, First Pacific Advisors (Trades, Portfolio) with 1.38% and Richard Snow (Trades, Portfolio) with 1.29%.
Veeco Instruments Inc. (VECO) saw an increase of 4.86%. The deal had an impact of 0.13% on the portfolio.
The company through its subsidiaries creates Process Equipment solutions that enable technologies for a cleaner and more productive world.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with negative returns of ROE -10.67% and ROA -8.39% that are underperforming 83% of the companies in the Global Semiconductor Equipment & Materials industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 249.69 that is far above the industry median of 1.60.
Chuck Royce (Trades, Portfolio) is the company's largest shareholder among the gurus, with 5.39% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 4.47% and First Pacific Advisors (Trades, Portfolio) with 3.83%.
The fund increased its stake in Babcock & Wilcox Enterprises Inc. (BW) by 3.12% with an impact of 0.09% on the portfolio.
The company is a global leader in energy and environmental technologies and services for the power and industrial markets. The strong third quarter from Global Power allowed the company to overcome a challenging project in Global Services and the performance of the company met its internal targets.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with negative returns of ROE -4.09% and ROA -1.93%, but it is overperforming 78% of the companies in the Global Electronic Components industry. Financial strength has a rating of 4 out of 10 with a cash-to-debt 106.66 that is far above the industry median of 1.22.
The company’s largest shareholder among the gurus is Mariko Gordon (Trades, Portfolio) with 5.27% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 2.98% and Cohen with 2.96%.
DeVry Education Group Inc. (DV) saw an increase of 1.46%. The deal had an impact of 0.16% on the portfolio.
The company offers programs in business, health care, accounting, finance, law and technology. It serves students in postsecondary education. Its segments are Medical and Healthcare, International and Professional Education and Business, Technology and Management.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with easy returns of ROE 8.02% and ROA 5.97% that are overperforming 56% of the companies in the Global Education & Training Services industry. Financial strength has a rating of 8 out of 10 with no cash-to-debt.
Charles de Vaulx (Trades, Portfolio) is the company's largest shareholder among the gurus, with 12.99% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 4.89% and Julian Robertson (Trades, Portfolio) with 1.74%.
The fund increased its stake in Dana Holding Corp. (DAN) by 1.77% with an impact of 0.07% on the portfolio.
The company provides high technology driveline axles, driveshafts and transmissions, sealing and thermal-management products. Its customer base includes vehicle manufacturers in the light vehicle, medium/heavy vehicle and off-highway markets.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with strong returns of ROE 33.30% and ROA 7.27% that are overperforming 72% of the companies in the Global Auto Parts industry. Financial strength has a rating of 5 out of 10 with a cash-to-debt 0.61 that is a few above the industry median of 0.48.
The company’s largest shareholder among the gurus is Mario Gabelli (Trades, Portfolio) with 3.26% of outstanding shares followed by RS Investment Management (Trades, Portfolio) with 3.13% and Richard Pzena (Trades, Portfolio) with 2.17%.
