Mason Hawkins (Trades, Portfolio) slashed his stake in DreamWorks Animation (DWA, Financial) by 89.20% on April 30.
DreamWorks Animation was originally founded in 1994 by Jeffrey Katzenberg, Steven Spielberg and David Geffen. Over the past 22 years DreamWorks Animation has created a few world-renowned movies such as "Shrek," "Kung Fu Panda" and "Madagascar." DreamWorks Animation creates and innovates 3D animated feature films, original TV series, interactive media, live entertainment, themed experiences, consumer products, publishing and trailblazing technology.
DreamWorks Animation's next movie release is "Trolls." The movie is set to debut in theaters on Nov. 4.
DreamWorks Animation has a market cap of $3.48 billion, a P/E ratio of 251.88, an enterprise value of $3.83 billion and a P/B ratio of 3.01.
DreamWorks Animation is also traded in Germany and Mexico.
Hawkins may have decided to trim his position in DreamWorks Animation to cash in on some of his profits. He gained a significant 16% return over the previous year on his investment in the company.
According to DreamWorks Animation's most recent 10-K filing
“The opening weekend for a film is extremely important in establishing momentum for its box-office performance. Because we currently expect to release only two films per year, our objective is to produce 'tentpole' films, attracting the largest and broadest audiences possible. As a result, the scheduling of optimal release dates is critical to our success.”
It would not be surprising if Hawkins bets heavily again on DreamWorks Animation at the end of the third quarter before "Trolls" is released.
Below is a Peter Lynch Chart for DreamWorks Animation.
Cheers to your investment success.
