Not so long ago Arnold Van Den Berg (Trades, Portfolio) regularly sold out several stakes in his portfolio each quarter. In the fourth quarter of 2015, he sold one stake – the first time he sold only one in a quarter since the second quarter of 2012 – and he sold only two in the first quarter, but he came close to selling out four more.
Van Den Berg sold 99.87% – 721,883 shares – of his stake Chicago Bridge & Iron Co. NV (CBI, Financial), a Chicago-based engineering, construction and oil and gas company, for an average price of $35.75 per share. The transaction had a -5.01% impact on Van Den Berg’s portfolio and left him with a stake in the company of 970 shares.
The remaining stake is 0.01% of Van Den Berg’s total assets.
Chicago Bridge & Iron’s leading shareholder among the gurus is David Einhorn (Trades, Portfolio) with a stake of 3,450,330 shares. The stake is 3.3% of Chicago Bridge & Iron’s outstanding shares and 2.47% of Einhorn’s total assets.
Chicago Bridge & Iron has a forward P/E of 6.9, a P/B of 1.9 and a P/S of 0.3. GuruFocus gives Chicago Bridge & Iron a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Chicago Bridge & Iron sold for $36.42 per share Wednesday afternoon.
Van Den Berg sold 99.83% – 23,233 shares – of his stake in Markel Corp. (MKL, Financial), a Richmond, Virginia-based insurance and investment holding company, for an average price of $859.36 per share. The deal had a -3.65% impact on Van Den Berg’s portfolio, leaving him with a stake of 40 shares.
The stake is 0.01% of Van Den Berg’s total assets.
Markel’s leading shareholder among the gurus is Chuck Akre (Trades, Portfolio) with a stake of 515,457 shares. The stake is 3.69% of Markel’s outstanding shares and 10.11% of Akre’s total assets.
Markel has a P/E of 21.9, a forward P/E of 34.1, a P/B of 1.6 and a P/S of 2.4. GuruFocus gives Markel a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Markel sold for $914 per share Wednesday afternoon.
The guru sold 99.78% – 210,163 shares – of his stake in Randgold Resources Ltd. (GOLD, Financial), a gold mining company based in Jersey, Channel Islands, for an average price of $80.28 per share. The transaction had a -2.31% impact on Van Den Berg’s portfolio and left him with a stake of 455 shares.
The stake is 0.01% of Van Den Berg’s total assets.
Randgold Resources’ leading shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with a stake of 1,430,280 shares. The stake is 1.53% of Randgold Resources’ outstanding shares and 0.22% of First Eagle’s total assets.
Randgold Resources has a P/E of 50.4, a forward P/E of 31.9, a P/B of 2.8 and a P/S of 8.6. GuruFocus gives Randgold Resources a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
Randgold Resources sold for $94.25 per share Wednesday afternoon.
Van Den Berg sold 99.90% – 743,003 shares – of his stake in Eldorado Gold Corp. (EGO, Financial), a Canadian gold mining company, for an average price of $2.89 per share. The deal had a -0.39% impact on Van Den Berg’s portfolio.
The guru’s remaining stake is 755 shares.
Eldorado Gold’s leading shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with a stake of 6,443,257 shares. The stake is 0.9% of Eldorado Gold’s outstanding shares and 0.05% of First Eagle’s total assets.
Eldorado Gold has a forward P/E of 33, a P/B of 0.7 and a P/S of 3.3. GuruFocus gives Eldorado Gold a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.
Eldorado Gold sold for $3.88 per share Wednesday afternoon.
Van Den Berg did sell out two stakes in his portfolio in the first quarter – Kinross Gold Corp. (KGC, Financial) and Great Lakes Dredge & Dock Corp. (GLDD, Financial).
Van Den Berg sold his 854,600-share stake in Kinross Gold Corp., a Toronto-based gold mining company, for an average price of $2.46 per share. The divestiture had a -0.28% impact on Van Den Berg’s portfolio.
Kinross’ leading shareholder among the gurus is Donald Smith (Trades, Portfolio) with a stake of 70,081,480 shares. The stake is 6.11% of Kinross’ outstanding shares and 3.32% of Smith’s total assets.
Kinross has a forward P/E of 64.5, a P/B of 1.3 and a P/S of 1.8. GuruFocus gives Kinross a Financial Strength rating of 5/10 and a Profitability and Growth rating of 2/10.
Kinross sold for $4.63 per share Wednesday afternoon.
Van Den Berg sold his 1,000-share stake in Great Lakes Dredge & Dock, an Oak Brook, Illinois-based heavy construction contractor, for an average price of $3.57 per share.
Great Lakes Dredge & Dock’s leading shareholder among the gurus is Chuck Royce (Trades, Portfolio) with a stake of 40,000 shares. The stake is 0.07% of Great Lakes Dredge & Dock’s outstanding shares.
Great Lakes Dredge & Dock has a forward P/E of 14.9, a P/B of 1.1 and a P/S of 0.3. GuruFocus gives Great Lakes Dredge & Dock a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Great Lakes Dredge & Dock sold for $4.72 per share Wednesday afternoon.
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