Michael Price Buys Taubman Centers, TechnipFMC PLC, Cabela's, Sells Fossil Group, Towne Bank, Dell Technologies

• New Purchases: TCO, CAB, TWX, ARNC, THC, PEI, FMBL, CSTM, PAY, AF,
• Added Positions: FTI, BEN, TEVA, ALLY, WWAV, GULTU, VNO, GYRO, BNED,
• Reduced Positions: FOSL, TOWN, DVMT, CFG, GTY, RFP, HES, RUTH, KALU, NPK,
• Sold Out: ACW, FNWB, HTBI, ORI, CPTP, SEB, ADPAJ,

For the details of Michael Price's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Michael+Price

1. BMC Stock Holdings Inc (BMCH) - 3,420,000 shares, 8.09% of the total portfolio.
2. Intel Corp (INTC) - 1,800,000 shares, 7.93% of the total portfolio.
3. Dolby Laboratories Inc (DLB) - 928,255 shares, 5.09% of the total portfolio. Shares reduced by 0.29%
4. Hess Corp (HES) - 505,000 shares, 3.82% of the total portfolio. Shares reduced by 4.72%
5. TechnipFMC PLC (FTI) - 1,370,000 shares, 3.59% of the total portfolio. Shares added by 86.39%

Michael Price initiated holdings in Taubman Centers Inc. The purchase prices were between $69.69 and $75.21, with an estimated average price of $72.58. The stock is now traded at around $68.86. The impact to the portfolio due to this purchase was 1.88%. The holdings were 210,000 shares as of 2016-12-31.

Michael Price initiated holdings in Cabela's Inc. The purchase prices were between $58.55 and $63.38, with an estimated average price of $62.06. The stock is now traded at around $47.50. The impact to the portfolio due to this purchase was 1.49%. The holdings were 210,000 shares as of 2016-12-31.

Michael Price initiated holdings in Time Warner Inc. The purchase prices were between $78.57 and $96.74, with an estimated average price of $89.02. The stock is now traded at around $96.22. The impact to the portfolio due to this purchase was 0.59%. The holdings were 50,000 shares as of 2016-12-31.

Michael Price initiated holdings in Arconic Inc. The purchase prices were between $17.34 and $21.8, with an estimated average price of $19.77. The stock is now traded at around $30.09. The impact to the portfolio due to this purchase was 0.58%. The holdings were 260,000 shares as of 2016-12-31.

Michael Price initiated holdings in Tenet Healthcare Corp. The purchase prices were between $14.38 and $23.82, with an estimated average price of $17.94. The stock is now traded at around $19.06. The impact to the portfolio due to this purchase was 0.45%. The holdings were 250,000 shares as of 2016-12-31.

Michael Price initiated holdings in Pennsylvania Real Estate Investment Trust. The purchase prices were between $18.21 and $22.5, with an estimated average price of $19.92. The stock is now traded at around $17.84. The impact to the portfolio due to this purchase was 0.27%. The holdings were 116,000 shares as of 2016-12-31.

Michael Price added to the holdings in TechnipFMC PLC by 86.39%. The purchase prices were between $29.88 and $36.31, with an estimated average price of $33.63. The stock is now traded at around $31.80. The impact to the portfolio due to this purchase was 1.66%. The holdings were 1,370,000 shares as of 2016-12-31.

Michael Price added to the holdings in Franklin Resources Inc by 195.77%. The purchase prices were between $33.18 and $42.02, with an estimated average price of $37.43. The stock is now traded at around $41.72. The impact to the portfolio due to this purchase was 1.11%. The holdings were 347,530 shares as of 2016-12-31.

Michael Price added to the holdings in Teva Pharmaceutical Industries Ltd by 48.41%. The purchase prices were between $35.03 and $45.68, with an estimated average price of $39.93. The stock is now traded at around $34.46. The impact to the portfolio due to this purchase was 1%. The holdings were 696,500 shares as of 2016-12-31.

Michael Price added to the holdings in Gulf Coast Ultra Deep Royalty Trust by 692.58%. The purchase prices were between $0.03 and $0.16, with an estimated average price of $0.07. The stock is now traded at around $0.10. The impact to the portfolio due to this purchase was 0.09%. The holdings were 5,721,942 shares as of 2016-12-31.

Michael Price added to the holdings in Vornado Realty Trust by 130.77%. The purchase prices were between $86.73 and $104.93, with an estimated average price of $97.25. The stock is now traded at around $107.82. The impact to the portfolio due to this purchase was 0.05%. The holdings were 6,000 shares as of 2016-12-31.

Michael Price added to the holdings in Barnes & Noble Education Inc by 90.03%. The purchase prices were between $8.75 and $12.83, with an estimated average price of $10.56. The stock is now traded at around $10.03. The impact to the portfolio due to this purchase was less than 0.01%. The holdings were 10,554 shares as of 2016-12-31.

Michael Price sold out the holdings in Accuride Corp. The sale prices were between $2.41 and $2.58, with an estimated average price of $2.49.

Michael Price sold out the holdings in First Northwest Bancorp. The sale prices were between $13.48 and $16.4, with an estimated average price of $14.6.

Michael Price sold out the holdings in HomeTrust Bancshares Inc. The sale prices were between $18.06 and $26.9, with an estimated average price of $21.75.

Michael Price sold out the holdings in Old Republic International Corp. The sale prices were between $16.58 and $19.11, with an estimated average price of $18.

Michael Price sold out the holdings in Capital Properties Inc. The sale prices were between $26.62 and $26.98, with an estimated average price of $26.81.

Michael Price sold out the holdings in Seaboard Corp. The sale prices were between $3201.95 and $4444.14, with an estimated average price of $3779.95.

Michael Price reduced to the holdings in Fossil Group Inc by 74.13%. The sale prices were between $24.71 and $36.61, with an estimated average price of $30.09. The stock is now traded at around $23.35. The impact to the portfolio due to this sale was -0.76%. Michael Price still held 72,400 shares as of 2016-12-31.

Michael Price reduced to the holdings in Towne Bank by 55%. The sale prices were between $23.83 and $34.1, with an estimated average price of $28.83. The stock is now traded at around $32.90. The impact to the portfolio due to this sale was -0.7%. Michael Price still held 180,000 shares as of 2016-12-31.

Michael Price reduced to the holdings in Dell Technologies Inc by 72.17%. The sale prices were between $46.72 and $57.29, with an estimated average price of $51.07. The stock is now traded at around $64.94. The impact to the portfolio due to this sale was -0.42%. Michael Price still held 25,577 shares as of 2016-12-31.