Five of RS Investment Management (Trades, Portfolio)’s top six transactions in the first quarter were divestitures or reductions in what may have been a reflection of a rough start to the investing year.
RS Investment sold its 1,616,866-share stake in Restoration Hardware Holdings Inc. (RH, Financial), a Corte Madera, California-based home furnishings company, for an average price of $51.71 per share. The divestiture had a -1.15% impact on RS Investments’ portfolio.
Chase Coleman (Trades, Portfolio) is Restoration Hardware’s leading shareholder among the gurus with a stake of 3,193,410 shares. The stake is 7.87% of Restoration Hardware’s outstanding shares and 1.21% of Coleman’s total assets.
Restoration Hardware has a P/E of 16.2, a forward P/E of 13.5, a P/B of 1.6 and a P/S of 0.7. GuruFocus gives Restoration Hardware a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Restoration Hardware sold for $34.60 per share Wednesday.
RS Investment sold its 1,531,225-share stake in M/A-COM Technology Solutions Holdings Inc. (MTSI, Financial), a Lowell, Massachusetts-based developer and producer of radio, microwave and millimeter wave semiconductor devices and components, for an average price of $39.07 per share. The divestiture had a -0.56% impact on RS Investment’s portfolio.
Columbia Wanger (Trades, Portfolio) is the company’s leading shareholder among the gurus with a stake of 784,043 shares. The stake is 1.47% of the company’s outstanding shares and 0.32% of Columbia Wanger (Trades, Portfolio)’s total assets.
M/A-COM Technology Solutions has a P/E of 56, a P/B of 4.9 and a P/S of 4.7. GuruFocus gives M/A-COM Technology Solutions a Financial Strength rating of 7/10 and a Profitability and Growth rating of 5/10.
M/A-COM Technology Solutions sold for $37.89 per share Wednesday.
RS Investment sold its 514,418-share stake in DST Systems Inc. (DST, Financial), a software company based in Kansas City, Missouri, for an average price of $106.58 per share. The divestiture had a -0.53% impact on RS Investment’s portfolio.
Diamond Hill Capital (Trades, Portfolio) is DST Systems’ leading shareholder among the gurus with a stake of 436,207 shares. The stake is 1.31% of DST Systems’ outstanding shares and 0.33% of Diamond Hill’s total assets.
DST Systems has a P/E of 14.1, a forward P/E of 15.3, a P/B of 4.1 and a P/S of 1.5. GuruFocus gives DST Systems a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
DST Systems sold for $121.05 per share Wednesday.
RS Investment sold its 2,119,170-share stake in Citizens Financial Group Inc. (CFG, Financial), a Providence, Rhode Island-based banking company, for an average price of $21.26 per share. The divestiture had a -0.5% impact on RS Investment’s portfolio.
HOTCHKIS & WILEY is Citizens Financial’s leading shareholder among the gurus with a 16,900,999-share stake. The stake is 3.2% of Citizens Financial’s outstanding shares and 1.8% of HOTCHKIS & WILEY’s total assets.
Citizens Financial has a P/E of 14.1, a forward P/E of 10.1, a P/B of 0.6 and a P/S of 2.5. GuruFocus gives Citizens Financial a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.
Citizens Financial sold for $22.20 per share Wednesday.
RS Investment reduced its stake in CommVault Systems Inc. (CVLT, Financial), a Tinton Falls, New Jersey-based software company, by more than 65%. RS Investment sold 2,541,221 shares for an average price of $36.93 per share. The transaction had a -0.9% impact on RS Investment’s portfolio.
The remaining stake of 1,367,917 shares is 3.09% of CommVault’s outstanding shares and 0.58% of RS Investment’s total assets. CommVault’s leading shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with a stake of 1,586,020 shares. The stake is 3.59% of CommVault’s outstanding shares and 0.17% of First Eagle’s total assets.
CommVault has a forward P/E of 39.4, a P/B of 5.1 and a P/S of 3.4. GuruFocus gives CommVault a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
CommVault sold for $43.53 per share Wednesday.
RS Investment trimmed its stake in XL Group PLC (XL, Financial), a Dublin-based insurance company, by more than 67%, selling 1,946,870 shares for an average price of $35.6 per share. The deal had a -0.68% impact on RS Investment’s portfolio.
The remaining stake of 952,570 shares is 0.33% of XL Group’s outstanding shares and 0.35% of RS Investment’s total assets. XL Group’s leading shareholder among the gurus is Richard Pzena (Trades, Portfolio) with a stake of 5,122,904 shares. The stake is 1.8% of XL Group’s outstanding shares and 1.16% of Pzena’s total assets.
XL Group has a P/E of 8.4, a forward P/E of 9.9, a P/B of 0.9 and a P/S of 1. GuruFocus gives XL Group a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
XL Group sold for $33.69 per share Wednesday.
RS Investment cut its stake in Cadence Design Systems Inc. (CDNS, Financial), a software and programming company based in San Jose, California, by nearly 80%. RS Investment sold 3,512,893 shares for an average price of $20.9 per share. The deal had a -0.65% impact on RS Investment’s portfolio.
The remaining stake of 886,221 shares is 0.29% of Cadence Design’s outstanding shares and 0.21% of RS Investment’s total assets. Cadence Design’s leading shareholder among the gurus is Dodge & Cox with a stake of 14,386,400 shares. The stake is 4.78% of Cadence Design’s outstanding shares and 0.3% of Dodge & Cox’s total assets.
Cadence Design has a P/E of 27.1, a forward P/E of 18.7, a P/B of 5.9 and a P/S of 4.2. GuruFocus gives Cadence Design a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Cadence Design sold for $23.60 per share Wednesday.
RS Investment pared its holding in Ritchie Bros. Auctioneers Inc. (RBA, Financial), a Canadian industrial auctioneer, by more than 45%. RS Investment sold 2,857,484 shares for an average price of $23.58 per share. The transaction had a -0.62% impact on RS Investment’s portfolio.
The remaining stake of 3,451,561 shares is 3.25% of Ritchie Bros.’ outstanding shares and 0.92% of RS Investment’s total assets. PRIMECAP Management (Trades, Portfolio) is Ritchie Bros.’ leading shareholder among the gurus with a stake of 7,108,180 shares. The stake is 6.7% of Ritchie Bros.’ outstanding shares and 0.18% of PRIMECAP’s total assets.
Ritchie Bros. has a P/E of 23.8, a forward P/E of 23.2, a P/B of 4.9 and a P/S of 6.2. GuruFocus gives Ritchie Bros. a Financial Strength rating of 8/10 and a Profitability and Growth rating of 9/10.
Ritchie Bros. sold for $31.94 per share Wednesday.
RS Investment hiked its stake in LendingTree Inc. (TREE, Financial), a Charlotte, North Carolina-based online loan broker bringing consumers together with lenders, by nearly 485%. RS Investment acquired 694,050 shares for an average price of $77.84 per share. The deal had a 0.67% impact on RS Investment’s portfolio.
The stake, now 837,230 shares, is 7.05% of Lending Tree’s outstanding shares and 0.81% of RS Investment’s total assets. With the purchase, RS Investment became Lending Tree’s leading shareholder among the gurus.
Lending Tree has a P/E of 18.8, a forward P/E of 31, a P/B of 4.5 and a P/S of 3.6. GuruFocus gives Lending Tree a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Lending Tree sold for $70.72 per share Wednesday.
RS Investment bought a 1,697,060-share stake in Sonic Corp. (SONC, Financial), an Oklahoma City-based fast food restaurant chain, for an average price of $29.86 per share. The acquisition had a 0.59% impact on RS Investment’s portfolio.
The stake is 3.5% of Sonic’s outstanding shares and 0.59% of RS Investment’s total assets. RS Investment is Sonic’s leading shareholder among the gurus.
Sonic has a P/E of 23.8, a forward P/E of 22 and a P/S of 2.7. GuruFocus gives Sonic a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Sonic sold for $31.85 per share Wednesday.
RS Investment purchased a 463,783-share stake in Littelfuse Inc. (LFUS, Financial), a Chicago-based electronics manufacturer, for an average price of $109.94 per share. The transaction had a 0.56% impact on RS Investment’s portfolio.
The stake is 2.07% of Littelfuse’s outstanding shares and 0.56% of RS Investment’s total assets. John Rogers (Trades, Portfolio) is Littelfuse’s leading shareholder among the gurus with a stake of 829,241 shares. The stake is 3.7% of Littelfuse’s outstanding shares and 1.06% of Rogers’ total assets.
Littelfuse has a P/E of 30.9, a forward P/E of 17.9, a P/B of 3.3 and a P/S of 2.9. GuruFocus gives Littelfuse a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Littelfuse sold for $111.30 per share Wednesday.
RS Investment acquired an 877,167-share stake in Burlington Stores Inc. (BURL), a Florence, New Jersey-based retailer, for an average price of $52.01 per share. The acquisition had a 0.49% impact on RS Investment’s portfolio.
The stake is 1.22% of Burlington Stores’ outstanding shares and 0.49% of RS Investment’s total assets. Steven Cohen (Trades, Portfolio) is Burlington Stores’ leading shareholder among the gurus with a stake of 932,726 shares. The stake is 1.29% of Burlington Stores’ outstanding shares and 0.33% of Cohen’s total assets.
Burlington Stores has a P/E of 27.2, a forward P/E of 17.7 and a P/S of 0.8. GuruFocus gives Burlington Stores a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Burlington Stores sold for $53.04 per share Wednesday.
RS Investment bought a 697,436-share stake in Zebra Technologies Corp. (ZBRA), a Lincolnshire, Illinois-based computer hardware company, for an average price of $62.46 per share. The deal had a 0.48% impact on RS Investment’s portfolio.
The stake is 1.34% of Zebra’s outstanding shares and 0.48% of RS Investment’s total assets. Rogers is Zebra’s leading shareholder among the gurus with a stake of 974,716 shares. The stake is 1.87% of Zebra’s outstanding shares and 0.81% of Rogers’ total assets.
Zebra has a forward P/E of 7.2, a P/B of 2.9 and a P/S of 0.7. GuruFocus gives Zebra a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Zebra sold for $51.42 per share Wednesday.
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