Jana Partners LLC is an investment manager specializing in event-driven investing and was founded in 2001 by Barry Rosenstein, Jana’s managing partner and co-portfolio manager. Jana typically applies a fundamental value discipline to identify undervalued companies that have one or more specific catalysts to unlock value.
The investor reduced its stake in Qualcomm Inc. (QCOM) by 67.73% and the deal had an impact of -11.71% on the portfolio.
The company develops and commercializes digital communication technology called CDMA (Code Division Multiple Access), and owns intellectual property applicable to products that implement any version of CDMA including patents, patent applications and trade secrets.Â
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong ROE of 5.73% and ROA of 0.74% that are outperforming 79% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 1.51 that is below the industry median of 2.42.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder of the company among the gurus, with 1.22% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 1.08%, Ken Fisher (Trades, Portfolio) with 0.63%, Jana Partners (Trades, Portfolio) with 0.62%, Jeremy Grantham (Trades, Portfolio) with 0.6% and David Rolfe (Trades, Portfolio) with 0.56%.
The guru exited its position in Hertz Global Holdings Inc. (HTZ) with an impact of -7.39% on the portfolio.
The company is engaged in car and truck rental and leasing and equipment rental business. It operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate and franchisee locations around the world. During the fourth quarter, adjusted corporate EBITDA increased $190 million from the prior year and full year 2015 adjusted corporate EBITDA grew 12%.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with strong ROE of 11.25% and weak ROA of 1.06% that is underperforming the companies in the Global Rental & Leasing Services industry. Financial strength has a rating of 6 out of 10, with cash to debt of 0.03 that is far below industry median of 0.66.
The largest shareholders among the gurus are Carl Icahn (Trades, Portfolio) with 15.03% of outstanding shares, followed by Larry Robbins (Trades, Portfolio) with 5.47%, PRIMECAP Management (Trades, Portfolio) with 1.08%, Columbia Wanger (Trades, Portfolio) with 0.97% and Mario Gabelli (Trades, Portfolio) with 0.94%.
Jana closed its position in Brookdale Senior Living Inc. (BKD) with an impact of -2.66% on the portfolio.
The company is an operator of senior living communities in the U.S. with a total capacity of approximately 143 communities in 46 states and the ability to serve approximately 111,000 residents.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of 17.05% and ROA of -4.43% that are underperforming 92% of the companies in the Global Long-Term Care Facilities industry. Financial strength has a rating of 5 out of 10, with a cash-to-debt of 0.01 that is far below the industry median of 0.32.
Larry Robbins (Trades, Portfolio) is the largest shareholder of the company among the gurus with 9.81% of outstanding shares, followed by Third Avenue Management (Trades, Portfolio) with 1.68%, Ron Baron (Trades, Portfolio) with 1.02%, Martin Whitman (Trades, Portfolio) with 0.9%, Jim Simons (Trades, Portfolio) with 0.64% and Steven Cohen (Trades, Portfolio) with 0.14%.
Jana reduced its stake in Baxter International Inc. (BAX) by 54.62% and the deal had an impact of -2.55% on the portfolio.
The company is a healthcare company. It is engaged in the development, manufacture and sale of products that save and sustain the lives of people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. For the fourth quarter, worldwide sales had an increase of 2% on a constant currency basis as compared to the prior year period, and also exceeded the company’s previously issued guidance. Its worldwide revenues declined 7%.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 12.09% and ROA of 3.96% that are outperforming 61% of the companies in the Global Medical Instruments & Supplies industry. Financial strength has a rating of 7 out of 10, with cash to debt of 1.13 that is below industry median of 1.62.
The largest shareholders among the gurus are Daniel Loeb (Trades, Portfolio) with 9.83% of outstanding shares, followed by Vanguard Health Care Fund (Trades, Portfolio) with 1.74%, Richard Pzena (Trades, Portfolio) with 0.86%, Tweedy Browne (Trades, Portfolio) with 0.46%, Mairs and Power (Trades, Portfolio) with 0.41% and Tweedy Browne (Trades, Portfolio) Global Value with 0.2%.
Jana reduced its stake in Allergan PLCÂ (AGN) by 38.28% and the deal had an impact of -2.21% on the portfolio.
It is an integrated specialty pharmaceutical company. The company is engaged in development, manufacturing, marketing, sale and distribution of generic, branded generic, brand name, biosimilar and over-the-counter pharmaceutical products. During the last quarter adjusted EBITDA from continuing operations increased 115% and net revenue increased 74% year over year.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 5.65% and ROA of 3.21% that are underperforming 55% of the companies in the industry. Financial strength has a rating of 5 out of 10, with a cash-to-debt of 0.03 that is far below the industry median of 3.01.
Vanguard Health Care Fund (Trades, Portfolio) is the largest shareholder of the company among the gurus with 2.78% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 1.51%, John Paulson (Trades, Portfolio) with 1.4%, Daniel Loeb (Trades, Portfolio) with 1.37%, Paul Singer (Trades, Portfolio) with 0.51%, John Griffin (Trades, Portfolio) with 0.51% and Ruane Cunniff (Trades, Portfolio) with 0.28%.
The guru exited its stake in Mattel Inc. (MAT) with an impact of -2.21% on the portfolio.
The company designs, manufactures and markets toy products through sales to its customers and directly to consumers.Â
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 13.73% and ROA of 5.75% that are outperforming 71% of the companies in the Global Leisure industry. Financial strength has a rating of 7 out of 10, with cash to debt of 0.42 that is below industry median of 0.81.
The largest shareholders among the gurus are T Rowe Price Equity Income Fund (Trades, Portfolio) with 3.3% of outstanding shares, followed by John Rogers (Trades, Portfolio) with 1.72%, Sarah Ketterer (Trades, Portfolio) with 1.21%, Meridian Funds (Trades, Portfolio) with 0.21%, Tom Gayner (Trades, Portfolio) with 0.19%, Louis Moore Bacon (Trades, Portfolio) with 0.1% and Jeremy Grantham (Trades, Portfolio) with 0.07%.
Jana reduced its stake in Walgreens Boots Alliance Inc. (WBA) by 10.55% and the deal had an impact of -1.36% on the portfolio.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 15.49% and ROA of 6.83% that are outperforming 71% of the companies in the Global Pharmaceutical Retailers industry. Financial strength has a rating of 4 out of 10, with a cash-to-debt of 0.18 that is below the industry median of 0.56.
Andreas Halvorsen (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 1.18% of outstanding shares, followed by Vanguard Health Care Fund (Trades, Portfolio) with 0.68%, Steve Mandel (Trades, Portfolio) with 0.63%, Bill Gates (Trades, Portfolio) with 0.32%, John Griffin (Trades, Portfolio) with 0.23%, Tom Gayner (Trades, Portfolio) with 0.2% and Leon Cooperman (Trades, Portfolio) with 0.1%.
The guru closed its stake in Aramark (ARMK) with an impact of -1.11% on the portfolio.
It is a provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 13.13% and ROA of 2.38% that is underperforming the companies in the Global Restaurants industry. Financial strength has a rating of 4 out of 10, with cash to debt of 0.02 that is far below industry median of 0.61.
The largest shareholders among the gurus are Lee Ainslie (Trades, Portfolio) with 5.09% of outstanding shares, followed by Larry Robbins (Trades, Portfolio) with 2.23%, Joel Greenblatt (Trades, Portfolio) with 0.46%, Jim Simons (Trades, Portfolio) with 0.37%, RS Investment Management (Trades, Portfolio) with 0.33%, Louis Moore Bacon (Trades, Portfolio) with 0.33% and Steven Cohen (Trades, Portfolio) with 0.07%.
