Private Capital (Trades, Portfolio) was founded by Bruce Sherman, who retired in March 2009. During the third quarter the guru’s largest trades were the following:
The guru closed its stake in Advance Auto Parts Inc. (AAP) with an impact of -1.65% on the portfolio.
The company is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items mainly operating within the U.S. Third-quarter total sales decreased 2% year over year, and gross profit decreased 104 basis points Ă‚ from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 17.17% and ROA of 5.43% that are outperforming 70% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.12 that is below the industry median of 0.92.
The largest shareholder among the gurus is Steven Cohen (Trades, Portfolio) with 1.5% of outstanding shares followed by Sarah Ketterer (Trades, Portfolio) with 1.06%, Pioneer Investments (Trades, Portfolio) with 0.64%, Manning & Napier Advisors Inc. with 0.26%, Louis Moore Bacon (Trades, Portfolio) with 0.07% and Caxton Associates (Trades, Portfolio) with 0.05%.
The fund exited its stake in Electro Rent Corp. (ELRC) with an impact of -1.35% on the portfolio.
The company is engaged in the rental, lease and sale of new and used electronic test and measurement equipment for use in the aerospace, telecommunications, defense, electronics, industrial and semiconductor markets.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 4.01% and ROA of 3.10% that is outperforming 55% of the companies in the Global Rental & Leasing Services industry. Financial strength has a rating of 8 out of 10 with no debt.
The guru exited its shares in GNC Holdings Inc. (GNC) with an impact of -1.3% on the portfolio.
The company is a specialty retailer of health, wellness and performance products including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. Third-quarter net income was 28 cents per share of common stock, and core earnings were 30 cents per share of common stock.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 45.72% and ROA of 7.33% that are outperforming 81% of the companies in the Global Pharmaceutical Retailers industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.02 that is below the industry median of 0.60.
The largest shareholder among the gurus is Cohen with 0.43% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.24%, Chuck Royce (Trades, Portfolio) with 0.07%, Mario Gabelli (Trades, Portfolio) with 0.06%, Paul Tudor Jones (Trades, Portfolio) with 0.03% and Ray Dalio (Trades, Portfolio) with 0.03%.
The guru closed its shares in MSA Safety Inc. (MSA) with an impact of -0.6% on the portfolio.
The company develops, manufactures and supplies products that protect people's health and safety. Its products include fixed gas and flame detection systems, portable gas detection instruments, head protection products and fall protection devices. Third-quarter revenue grew 2% year over year, and operating income increased 470 basis points from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 16.31% and ROA of 6.19% that are outperforming 76% of the companies in the Global Security & Protection Services industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.23 that is below the industry median of 0.66.
Pioneer Investments is the largest shareholder among the gurus with 0.6% of outstanding shares followed by Royce with 0.59%, Barrow, Hanley, Mewhinney & Strauss with 0.21% and Joel Greenblatt (Trades, Portfolio) with 0.03%.
The firm raised its shares in Fogo de Chao Inc. (FOGO) by 55.72% with an impact of -0.54% on the portfolio.
The company owns and operates full-service Brazilian steakhouses in the U.S. and Brazil using a single restaurant concept and brand. During the third quarter the company reported 13.2% growth for total revenue, and GAAP net income was 16 cents per diluted per share.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of 11.28% and ROA of 6.06% that are outperforming 58% of the companies in the Global Restaurants industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.19 that is below the industry median of 0.60.
The largest shareholder among the gurus is Private Capital with 3.45% of outstanding shares.
The guru reduced its shares in American Public Education Inc. (APEI) by 15.99% with an impact of -0.43% on the portfolio.
The company is a provider of online and on-campus postsecondary education through its two subsidiaries. Third-quarter revenue decreased 3.3% year over year and GAAP net income decreased to $300,000, or 2 cents per diluted share, compared to $6.8 million, or 41 cents per diluted share, in the same period of 2015.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 10.96% and ROA of 8.68% that are outperforming 86% of the companies in the Global Education & Training Services industry. Financial strength has a rating of 9 out of 10 with no debt.
Simons is the largest shareholder among the gurus with 4.8% of outstanding shares followed by Royce with 0.72%, Barrow, Hanley, Mewhinney & Strauss with 0.59%, Greenblatt with 0.11% and Jones with 0.1%.
The guru increased its shares in Jamba Inc. (JMBA) by 19.60% with an impact of 0.2% on the portfolio.
The company is a retailer of blended-to-order fruit smoothies, squeezed-to-order juices, blended beverages and snacks. During the third quarter total revenue decreased 37.9% from the same quarter of a year before, and GAAP net loss attributable to Jamba was $(2.0) million or (13 cents) per share compared to GAAP net income of $13.1 million, or 81 cents per share for the prior year.
GuruFocus gives the stock a profitability and growth rating of 2 out of 10 with ROE of -330.73% and ROA of -24.46% that are underperforming 99% of the companies in the Global Restaurants industry. Financial strength has a rating of 4 out of 10, with no debt.
The largest shareholder among the gurus is Private Capital with 4.98% of outstanding shares.
The fund raised its shares in QuinStreet Inc. (QNST) by 6.43% with an impact of 0.15% on the portfolio.
The company is engaged in marketing and online media that provides vertically oriented customer acquisition programs for its clients. It offers its services to education and financial services industries.
GuruFocus gives the company a profitability and growth rating of 4 out of 10 with ROE of -13.39% and ROA of -8.74% that are underperforming 77% of the companies in the Global Internet Content & Information industry. Financial strength has a rating of 6 out of 10 with cash to debt of 3.57 that is below the industry median of 9.61.
Another notable shareholder among the gurus is Royce with 10.68% of outstanding shares followed by Simons with 2.84% and Barrow, Hanley, Mewhinney & Strauss with 0.16%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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