Ken Heebner (Trades, Portfolio) is the co-founder of Capital Growth Management, a money management firm with more than $6 billion under management. During the second quarter, the company focused its trades as follows :
The guru reduced his stake in Toll Brothers Inc. (TOL) by 57.99%,with an impact of -3.94% on the portfolio.
The company designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. During the quarter, net income increased 58% to $105.5 million, or 61 cents per share, compared to net income of $66.7 million, or 36 cents per share, in the same quarter a year prior and revenues rose 24% and 6%, respectively.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with a ROE of 9.09% and a ROA of 4.26%, which are outperforming 62% of the companies in the Global Residential Construction industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.12, below the industry median of 3.26.
Another notable shareholder among the gurus is Ron Baron (Trades, Portfolio) with 0.74% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.39%,Ray Dalio (Trades, Portfolio) with 0.36%, Ken Fisher (Trades, Portfolio) with 0.35% and Joel Greenblatt (Trades, Portfolio) with 0.03%.
The guru closed his stake in Signet Jewelers Ltd. (SIG), with an impact of -2.81% on the portfolio.
The company is a specialty jewelry retailer. It is engaged in selling jewelry, watches and associated services in the United Kingdom and United States. During the first quarter, diluted earnings per share ("EPS") grew 26.4% and adjusted EPS grew 20.4%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with a ROE of 16.79% and a ROA of 7.82%, which are outperforming 77% of the companies in the Global Luxury Goods industry. Financial strength has a rating of 6 out of 10, with a cash to debt ratio of 0.08, below the industry median of 0.94.
Steven Cohen (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 1.36% of outstanding shares, followed by Alan Fournier (Trades, Portfolio) with 1.22%, Joel Greenblatt (Trades, Portfolio) with 0.27% and First Pacific Advisors (Trades, Portfolio) with 0.19%.
The investor bought 2,090,000 shares in Skechers USA Inc. (SKX), with an impact of 2.77% on the portfolio.
The company designs and markets Skechers-branded lifestyle footwear for men, women and children and performance footwear for men and women under the Skechers GO brand name.
During the last quarter, net sales were $877.8 million compared to $800.5 million for the second quarter of 2015 and gross profit was $416.3 million, or 47.4% of net sales, compared to $374.6 million, or 46.8% of net sales, for the second quarter of last year.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with a ROA of 19.69% and a ROC of 13.05%, which are outperforming 81% of the companies in the Global Footwear & Accessories industry. Financial strength has a rating of 8 out of 10, with a cash to debt ratio of 8.60, above the industry median of 1.32.
Another notable shareholder among the gurus is Pioneer Investments (Trades, Portfolio) with 0.17% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.06%, Scott Black (Trades, Portfolio) with 0.05% and Caxton Associates (Trades, Portfolio) with 0.02%.
The guru exited his stake in Extra Space Storage Inc. (EXR), with an impact of -2.56% on the portfolio.
The company is a fully integrated, self-administered and self-managed real estate investment trust. It owns, operates, manages, acquires, develops and redevelops professionally managed self-storage facilities. Second quarter net income attributable to common stockholders had a 40.4% increase compared to the same period in 2015 and same-store revenue increased by 7.6%.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10, with a ROE of 11.60% and a ROA of 4.15%, which are outperforming 59% of the companies in the Global REIT – Industrial industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.01, below the industry median of 0.06.
Ken Fisher (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 0.36% of outstanding shares, followed by Columbia Wanger (Trades, Portfolio) with 0.36%, Chris Davis (Trades, Portfolio) with 0.09%, RS Investment Management (Trades, Portfolio) with 0.07% and Jim Simons (Trades, Portfolio) with 0.06%.
The investor reduced his stake in Citigroup Inc. (C) by 36.26%, with an impact of -2.22% on the portfolio.
It is a financial services holding company. It provides financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10, with a ROE of 6.22% and a ROA of 0.84%, which are underperforming 66% of the companies in the Global Banks - Global industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.67, Â below the industry median of 2.30.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.72% of outstanding shares, followed by HOTCHKIS & WILEY with 0.62%, First Pacific Advisors (Trades, Portfolio) with 0.5%, Ken Fisher (Trades, Portfolio) with 0.41% and Steven Romick (Trades, Portfolio) with 0.38%.
The investor closed his stake in Jones Lang LaSalle Inc. (JLL), with an impact of -2.22% on the portfolio.
It is a financial and professional services company specializing in real estate. It offers integrated services delivered by teams to clients seeking increased value by owning, occupying or investing in real estate. During the second quarter, credit facility capacity increased to $2.75 billion and maturity extended to 2021, with improved pricing and net income attributable to common shareholders for the quarter was $79 million, compared with $90 million last year.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with a ROA of 15.61% and a ROC of 7.05%, which are outperforming 78% of the companies in the Global Real Estate Services industry. Financial strength has a rating of 6 out of 10, with a cash to debt ratio of 0.19, below the industry median of 0.34.
John Rogers (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 3.24% of outstanding shares, followed by Columbia Wanger (Trades, Portfolio) with 2%, Meridian Funds (Trades, Portfolio) with 1.32% and Ron Baron (Trades, Portfolio) with 0.78%.
The guru bought 2,400,000 shares in American Homes 4 Rent Class A. (AMH), with an impact of 2.19% on the portfolio.
The company is an internally managed real estate investment trust, engaged in acquiring, renovating, leasing and operating single-family homes as rental properties.
Second quarter total revenues increased 43.8% and net loss attributable to common shareholders was $10.4 million, or four cents per basic and diluted share, for the second quarter of 2016, compared to a net loss attributable to common shareholders of $17.7 million, or eight cents per basic and diluted share, for the same quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10, with a ROE of -1.80% and a ROA of -0.54%, which are underperforming 87% of the companies in the Global REIT – Residential industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.91, above the industry median of 0.06.
The largest shareholder among the gurus is Ken Heebner (Trades, Portfolio) with 1.01% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.56%, Manning & Napier Advisors, Inc with 0.15% and Pioneer Investments (Trades, Portfolio) with 0.08%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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