David Carlson (Trades, Portfolio), chief investment officer of Elfun Trusts, acquired two new holdings during the second quarter. They are Liberty Golbal PLC (LILAK, Financial) and Mobileye NV (MBLY, Financial).
Carlson manages the Elfun Trusts’ mutual fund and the Damon Runyon equity portfolio for GE Asset Management. The fund invests in equity securities of U.S. companies, such as common and preferred stocks. Elfun Trusts is exclusive to employees and retirees of General Electric (GE, Financial).
Liberty Global
In Liberty Global, Carlson purchased 243,299 shares for an average price of $38.76 per share. The transaction had an impact of 0.36% on the portfolio.
Liberty Global provides video, broadband Internet, fixed-line telephone services and mobile services across 14 countries. It has a market cap of $26.04 billion with an enterprise value of $80.8 billion. It has a price-book (P/B) ratio of 2.3 and a price-sales (P/S) ratio of 1.7.
GuruFocus ranked Liberty’s financial strength 3 of 10 and its profitability and growth 4 of 10. The company’s operating margin is 11.8%, and its net margin is -2.2%. Its Piotroski F-Score is 4, indicating a stable financial condition. Its Altman Z-Score is 0.43, placing it in the distress zone, which implies the possibility of bankruptcy in the near future.
Carlson sold out of Liberty in the fourth quarter of 2015. Among the gurus invested in Liberty, John Griffin is the largest shareholder.
Mobileye
In Mobileye, Carlson purchased 100,000 shares for an average price of $38.27 per share. The transaction had an impact of 0.21% on the portfolio.
Mobileye is engaged in designing and developing software and related technologies for camera-based Advanced Driver Assistance Systems and autonomous driving technologies. It has a market cap of $10.2 billion with an enterprise value of $9.9 billion. It has a price-earnings (P/E) ratio of 122.5 with a forward P/E of 65.4. Its P/B is 17.1 and its P/S is 36.7.
GuruFocus ranked Mobileye’s financial strength 10 of 10 and its profitability and growth 5 of 10. The company’s operating margin is 33.8% and its net margin is 30.5%. Its Piotroski F-Score is 8, indicating a strong financial condition. Its Altman Z-Score is 84.8, placing it in the safe zone.
Among the gurus invested in Mobileye, Frank Sands is the largest shareholder.
Disclosure: I do not own stock in any companies mentioned in the article.
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