Wilbur Ross (Trades, Portfolio)’ private equity firm started two new positions and sold out of one other in its public equity portfolio during the fourth quarter, he disclosed Tuesday.
The portfolio contained only eight positions with a value of $526 million at quarter-end. One stock, Navigator Holdings Ltd. (NVGS, Financial), represents the preponderance of it at 56.7%, followed by Sun Bancorp Inc. (SNBC, Financial) as the second largest at 16.7%.
Ross acts as chairman and chief strategist at WL Ross & Co., an investment adviser primarily involved in deep-value plays, as well as bankruptcies and restructurings of companies where they can influence a financially beneficial outcome.
The public equity stocks Ross purchased in the fourth quarter were Etsy Inc. (ETSY, Financial) and GoPro Inc. (GPRO, Financial). He also sold InterXion Holding NV (INXN, Financial).
Ross bought 155,471 shares of Etsy Inc. in the fourth quarter, a 0.24% portfolio weight. The stock’s price for the quarter averaged $10 per share.
Etsy Inc. was incorporated in the state of Delaware in February 2006 as Indieco Inc. Etsy Inc. has a market cap of $840.75 million; its shares were traded at around $7.50 with a P/S ratio of 2.96.
Ross bought 43,357 shares of GoPro Inc., a 0.15% portfolio weight. The stock’s price averaged $23 per share.
GoPro Inc. was incorporated as Woodman Labs, Inc. in California on Feb. 14, 2004. GoPro Inc. has a market cap of $1.6 billion; its shares were traded at around $11.60 with a P/E ratio of 8.42 and P/S ratio of 0.87.
InterXion Holding NV (INXN, Financial)
Ross sold his position of 269,282 shares of InterXion Holding NV, which he began in the second quarter 2015 at an average price of $30. It had an average price of $29 per share in the fourth quarter.
InterXion Holding NV was incorporated on April 6, 1998. Interxion Holding NV has a market cap of $2.11 billion; its shares were traded at around $30.33 with a P/E ratio of 43.05 and P/S ratio of 4.99. InterXion Holding NV had an annual average earnings growth of 4.40% over the past five years.
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