Howard Marks' Oaktree Capital Management LP added seven new holdings to the portfolio in the second quarter.
The guru acquired 683,239 shares of American Tower Corp. (AMTPRB, Financial), a Boston-based wireless and broadcast communications company, for an average price of $105.5 per share. The purchase had a 3.01% impact on Oaktree's portfolio.
Oaktree is American Tower’s leading shareholder among the gurus.
American Tower has a price-earnings (P/E) ratio of 71.9, a forward P/E of 54.1, a price-book (P/B) ratio of 7.3 and a price-sales (P/S) ratio of 9.5. GuruFocus gives American Tower a Financial Strength rating of 4/10 and a Profitability and Growth rating of 8/10 with return on equity (ROE) of 10.08%, which is higher than 59% of the companies in the Global Telecom Services industry and return on assets (ROA) of 2.89%, which is higher than 53% of the companies in that industry.
American Tower sold for $111.98 per share Monday. The DCF Calculator gives American Tower a fair value of $0.
Oaktree purchased a 4,691,371-share stake in Tronc Inc. (TRNC, Financial), a Chicago-based publishing company, for an average price of $11.14 per share. The transaction had a 2.54% impact on Oaktree's portfolio.
The stake is 12.88% of Tronc’s outstanding shares and 2.54% of Oaktree's total assets. Oaktree is Tronc’s leading shareholder among the gurus.
Tronc has a P/B of 5.7 and a P/S of 0.3. GuruFocus gives Tronc a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10 with ROE of -45.13%, which is lower than 92% of the companies in the Global Publishing industry and ROA of -1.30%, which is lower than 73% of the companies in that industry.
Tronc sold for $15.56 per share Monday. The DCF Calculator gives Tronc a fair value of $-4.71.
Oaktree invested in a 1,337,340-share stake in Southwestern Energy Co. (SWNC, Financial), a Houston-based oil and natural gas company, for an average price of $28.84 per share. The deal had a 1.58% impact on the guru’s portfolio.
Oaktree is Southwestern Energy’s only shareholder among the gurus.
Southwestern Energy has a forward P/E of 196.1, a P/B of 9.7 and a P/S of 2.1. GuruFocus gives Southwestern Energy a Financial Strength rating of 3/10 and a Profitability and Growth rating of 6/10 with ROE of -193.72%, which is lower than 90% of the companies in the Global Oil & Gas E&P industry and ROA of -57.75%, which is lower than 82% of the companies in that industry.
Southwestern Energy sold for $33.18 per share Monday. The DCF Calculator gives Southwestern Energy a fair value of $0.
Oaktree acquired a 4,638,200-share stake in Ambev SA (ABEV, Financial), a Brazilian brewery, for an average price of $5.37 per share. The transaction had a 0.94% impact on Oaktree’s portfolio.
Manning & Napier Advisors Inc. is Ambev’s leading shareholder among the gurus with a stake of 79,368,808 shares. The stake is 0.51% of Ambev’s outstanding shares and 2.84% of Manning & Napier’s total assets.
Ambev has a P/E of 26.6, a forward P/E of 20.9, a P/B of 7 and a P/S of 6.5. GuruFocus gives Ambev a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10 with ROE of 25.66%, which is higher than 89% of the companies in the Global Beverages – Brewers industry and ROA of 14.55%, which is higher than 90% of the companies in that industry.
Ambev sold for $6.27 per share Monday. The DCF Calculator gives Ambev a fair value of $5.68.
Oaktree invested in 174,324 shares in Frontier Communications Corp. (FTRPR, Financial), a Connecticut-based telecommunications company, for an average price of $99.05 per share. The deal had a 0.65% impact on Oaktree's portfolio.
Oaktree is Frontier’s leading shareholder among the gurus.
Frontier has a P/B of 1.1 and a P/S of 0.8. GuruFocus gives Frontier a Financial Strength rating of 3/10 and a Profitability and Growth rating of 4/10 with ROE of -10.08%, which is lower than 79% of the companies in the Global Telecom Services industry and ROA of -1.25%, which is lower than 72% of the companies in that industry.
Frontier sold for $94.61 per share Monday. The DCF Calculator gives Frontier a fair value of $0.
The guru acquired 968,078 shares in Liberty Media Corp. (BATRK, Financial), a Colorado-based mass media company, for an average price of $15.46 per share. The transaction had a 0.56% impact on Oaktree's portfolio.
Seth Klarman (Trades, Portfolio) is Liberty Media’s leading shareholder among the gurus with a stake of 2,994,010 shares.
Liberty Media has a P/B of 26.4, a P/B of 0.2 and a P/S of 1.9. GuruFocus gives Liberty Media a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10 with ROE of 4.17%, which is lower than 53% of the companies in the Global Broadcasting – TV industry and ROA of 1.53%, which is lower than 54% of the companies in that industry.
Liberty Media sold for $16.31 per share Monday. The DCF Calculator gives Liberty Media a fair value of $8.99.
Oaktree's other new purchase in the second quarter was 365,000 shares in TerraForm Power Inc. (TERP, Financial).
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