Mario Gabelli Adds to More Than 200 Stakes in 4th Quarter

Guru increases holding in Comcast by more than 800%

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Feb 08, 2016
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Mario Gabelli (Trades, Portfolio), chairman and CEO of Gabelli Asset Management Company Investors, added to more than 200 existing stakes in his portfolio in the fourth quarter. Some qualified as his largest transactions of the quarter.

Gabelli’s most significant fourth-quarter transaction was an increase of more than 812% to his existing stake in Comcast Corp. (CMCSA, Financial), a Philadelphia-based telecommunications and mass media company. Gabelli purchased 935,609 shares for an average price of $60.24 per share. The deal had a 0.35% impact on Gabelli’s portfolio.

Gabelli’s stake in Comcast is now 1,050,748 shares, which is 0.04% of Comcast’s outstanding shares and 0.39% of Gabelli’s total assets. Comcast’s leading shareholder among the gurus is Dodge & Cox with 44,700,285 shares, which is 1.81% of Comcast’s outstanding shares and 2.56% of Dodge & Cox’s total assets.

Comcast has a P/E of 18.2, a forward P/E of 15, a P/B of 2.8 and a P/S of 2.7. GuruFocus gives Comcast a Financial Strength rating of 7/10 and a Profitability and Growth rating of 9/10.

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Comcast sold for $59.4 per share Monday.

Gabelli increased his stake in Edgewell Personal Care Co. (EPC, Financial), a St. Louis-based personal care products company, by more than 14%. Gabelli acquired 187,520 shares for an average price of $81.05 per share. The deal had a 0.1% impact on Gabelli’s portfolio.

Gabelli’s stake in Edgewell is now 1,495,338 shares, which is 2.49% of Edgewell’s outstanding shares and 0.77% of Gabelli’s total assets. Gabelli is Edgewell’s leading shareholder among the gurus.

Edgewell had a forward P/E of 20.6, a P/B of 2.3 and a P/S of 1.9. GuruFocus gives Edgewell a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.

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Edgewell sold for $73.87 per share Monday.

Gabelli hiked his stake in Freeport-McMoRan Inc. (FCX, Financial), a Phoenix-based metals and mining company, by nearly 53%. Gabelli purchased 1,448,002 shares for an average price of $9.47 per share. The transaction had a 0.07% impact on Gabelli’s portfolio.

Gabelli’s stake, now 4,186,394 shares, is 0.36% of Freeport-McMoRan’s outstanding shares and 0.19% of Gabelli’s total assets. Carl Icahn (Trades, Portfolio) is Freeport-McMoRan’s leading shareholder among the gurus with 100,000,000 shares in his portfolio. Icahn’s stake is 8.65% of Freeport-McMoRan’s outstanding shares and 3.48% of Icahn’s total assets.

Freeport-McMoRan has a forward P/E of 9, a P/B of 0.8 and a P/S of 0.5. GuruFocus gives Freeport-McMoRan a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.

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Freeport-McMoran sold for $5.24 per share Monday.

Gabelli increased his stake in StanCorp Financial Group Inc. (SFG, Financial), a Portland, Oregon-based insurance company, by more than 58%. Gabelli purchased 98,996 shares for an average price of $114.12 per share. The deal had a 0.07% impact on Gabelli’s portfolio.

Gabelli’s stake in StanCorp is now 269,322, the largest stake among the gurus. It is 0.64% of StanCorp’s outstanding shares and 0.2% of Gabelli’s total assets.

StanCorp has a P/E of 20.8, a forward P/E of 18.1, a P/B of 2.2 and a P/S of 1.7. GuruFocus gives StanCorp a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.

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StanCorp sold for $114.75 per share Monday.

Gabelli made 37 new buys in the fourth quarter. The most noteworthy acquisition was a 338,250-share stake in Airgas Inc. (ARG, Financial), a Radnor Township, Pennsylvania-based distributor of industrial, medical and specialty gases and hardgoods for welding, safety and other products. Gabelli paid an average price of $116.36 in a deal that had a 0.31% impact on the guru’s portfolio.

Gabelli’s stake is 0.47% of Airgas’ outstanding shares and 0.31% of Gabelli’s total assets. Ron Baron (Trades, Portfolio) is Airgas’ leading shareholder among the gurus with a stake of 373,213 shares, which is 0.52% of Airgas’ outstanding shares and 0.15% of Baron’s total assets.

Airgas has a P/E of 28.8, a forward P/E of 26.2, a P/B of 5.1 and a P/S of 2. GuruFocus gives Airgas a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.

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Airgas sold for $139.68 per share Monday.

Gabelli invested in a stake in Keurig Green Mountain Inc. (GMCR, Financial), a Waterbury, Vermont-based processed and packaged goods company specializing in coffee, hot cocoa, teas and other beverages. Gabelli bought 271,300 shares for an average price of $62.57 per share. The deal had a 0.16% impact on Gabelli’s portfolio.

Gabelli’s stake is 0.18% of Keurig’s outstanding shares and 0.16% of Gabelli’s total assets. Pioneer Investments (Trades, Portfolio) is Keurig’s largest shareholder among the gurus with 1,373,449 shares. Pioneer Investments (Trades, Portfolio)’ stake is 0.92% of Keurig’s outstanding shares and 0.3% of Pioneer’s total assets.

Keurig has a P/E of 29.7, a forward P/E of 24.2, a P/B of 5.3 and a P/S of 4.1. GuruFocus gives Keurig a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.

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Keurig sold for $89.12 per share Monday.

Gabelli also invested in a stake in BioMed Realty Trust Inc. (BMR, Financial), a San Diego-based provider of real estate solutions to the life science community. Gabelli purchased 810,100 shares for an average price of $23.31 per share in a transaction that had a 0.13% impact on Gabelli’s portfolio.

Gabelli’s acquisition is 0.4% of BioMed’s outstanding shares and 0.13% of Gabelli’s total assets. Gabelli is BioMed’s leading shareholder among the gurus.

BioMed has a P/E of 25.6, a forward P/E of 131.6, a P/B of 1.6 and a P/S of 7.5. GuruFocus gives BioMed a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.

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BioMed sold for $23.81 per share Monday.

Gabelli trimmed his stake in Cablevision Systems Corp. (CVC, Financial), a Bethpage, New York-based telecommunications and mass media company, by more than 8%. Gabelli sold 813,420 shares for an average price of $31.61 per share. The deal had a -0.17% impact on Gabelli’s portfolio.

Gabelli’s remaining stake in Cablevision is 9,127,276 shares, which is 3.3% of Cablevision’s outstanding shares and 1.9% of Gabelli’s total assets. It is the largest Cablevision stake among the gurus.

Cablevision has a P/E of 44.2, a forward P/E of 25.3 and a P/S of 1.3. GuruFocus gives Cablevision a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.

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Cablevision sold for $31.73 per share Monday.

Gabelli pared his stake in O'Reilly Automotive Inc. (ORLY, Financial), a Springfield, Missouri-based chain of auto parts stores, by more than 19%. Gabelli sold 88,504 shares for an average price of $260.28 per share. The transaction had a -0.15% impact on Gabelli’s portfolio.

Gabelli’s stake in O’Reilly is now 369,109 shares, which is 0.37% of O’Reilly’s outstanding shares and 0.61% of Gabelli’s total assets. O’Reilly’s leading shareholder among the gurus is Ruane Cunniff (Trades, Portfolio) with 3,583,615 shares. The stake is 3.63% of O’Reilly’s outstanding shares and 4.6% of Ruane Cunniff (Trades, Portfolio)’s total assets.

O’Reilly has a P/E of 26.4, a forward P/E of 20.3, a P/B of 11.4 and a P/S of 3.2. GuruFocus gives O’Reilly a Financial Strength rating of 6/10 and a Profitability and Growth rating of 9/10.

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O’Reilly sold for $233.53 per share Monday.

Gabelli whittled his stake in The Gabelli Global Deal Fund (GDL, Financial), a diversified, closed-end management investment company, by nearly 83%. Gabelli sold 1,319,063 shares for an average price of $10.01 per share. The sale had a 0.08% impact on Gabelli’s portfolio.

Gabelli’s stake in the Fund is now 275,955 shares, which is 0.02% of Gabelli’s total assets.

The Gabelli Global Deal Fund sold for $9.78 per share Monday.

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