John Rogers (Trades, Portfolio) is the Founder of Ariel Investment LLC. He manages a portfolio composed of 192 stocks with a total value of $7,965 million. According to GuruFocus Real-Time picks, the most recent trades, done during the third quarter, are the following.
The investor reduced his stake in Spartan Motors Inc. (SPAR, Financial)Â by 18.27% with an impact of -0.05% on the portfolio.
The company is a custom engineer and manufacturer of specialized motor vehicle chassis and bodies. The company, through its subsidiaries, manufacturers bodies for markets including emergency response vehicles and delivery and service vehicles. During the second quarter, sales increased 12.2% and gross margin improved 80 basis points to 12.8% of sales compared to 12.0% of sales, but operating expenses declined 30 basis points to 10.1% of sales from 10.4% of sales. The company reported 111.2% increase for adjusted operating income and 272% increase for net income.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with a ROE of -6.66% and a ROA of -4.24%, which are underperforming 91% of the companies in the Global Truck Manufacturing industry. Financial strength has a rating of 7 out of 10, with a cash to debt ratio of 7.69 that is above the industry median of 0.34.
The largest shareholder among the gurus is Chuck Royce (Trades, Portfolio) with 5.5% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 1.36%, Mario Gabelli (Trades, Portfolio) with 0.84% and Paul Tudor Jones (Trades, Portfolio) with 0.03%.
The guru reduced his stake in Gaia Inc Class A. (GAIA, Financial)Â by 13.22% with an impact of -0.02% on the portfolio.
The company develops and markets yoga, fitness and wellness products and accessories. It offers yoga clothing, yoga mats, fitness clothing, workout videos, gym bags, meditation and other fitness related services. Due to continued subscriber growth, revenues in the second quarter of 2016 from streaming increased 40% and total revenue increased 28% from the same quarter of a year before. The company reported 33% increase for gross profit and gross margin increased 318 basis points to 82.2% from 79.0% in the second quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with a ROE of -20.51% and a ROA of -14.14% that are underperforming 92% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 8 out of 10, with no debt.
Chuck Royce (Trades, Portfolio) is the largest shareholder among the gurus with 9.41% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 2.96%.
The guru reduced his position in Contango Oil & Gas Co. (MCF, Financial)Â by 3.03% and with an impact of -0.01% on the portfolio. During the second quarter, net loss was $17.3 million, or 90 cents per basic and diluted share, compared to a net loss of $19.5 million, or $1.03 per basic and diluted share, for the same period last year and adjusted EBITDAX was $10.1 million compared to $19.9 million for the same period last year.
Contango is an independent energy company. It is engaged in the exploration, development, production and acquisition of crude oil, natural gas and natural gas liquids reserves in the Gulf of Mexico.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with a ROE of -104.52% and a ROA of -64.28% that are underperforming 84% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 3 out of 10, with a cash to debt ratio of 0.56 that is slightly above the industry median of 0.51.
Other shareholders of the company among the gurus are Howard Marks (Trades, Portfolio) with 5.26% of outstanding shares and Jim Simons (Trades, Portfolio) with 0.62%.
The guru raised his stake in MSG Networks Inc Class A. (MSGN, Financial)Â by 3.03% with an impact of 0.06% on the portfolio.
The company produces, develops and acquires content for multiple distribution platforms. It is comprised of two sports and entertainment networks, MSG Network (MSG) and MSG+, as well as MSGNetworks.com and MSG GO. Second quarter revenues increased 4% year-over-year and it generated operating income of $273.6 million, adjusted operating cash flow of $297.4 million and income from continuing operations of $163.3 million.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. It has a ROA of 0.60% and a ROC of 497.54% that are outperforming 96% of the companies in the Global Media - Diversified industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.08 that is below the industry median of 1.36.
Mario Gabelli (Trades, Portfolio) is another notable shareholder among the gurus with 3.35% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 2.29%, Steven Cohen (Trades, Portfolio) with 1.5%, Ron Baron (Trades, Portfolio) with 1.33%, Murray Stahl (Trades, Portfolio) with 0.36% and Jim Simons (Trades, Portfolio) with 0.35%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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