Mason Hawkins (Trades, Portfolio) has been chairman and CEO Southeastern Asset Management since 1975. He manages a portfolio composed of 30 stocks with a total value of $10.359 billion. During the fourth quarter the guru sold shares in the following stocks:
The investor reduced his stake in Chesapeake Energy Corp. (CHK) by 46% and with an impact of -2.55% on the portfolio.
It is a natural gas and oil exploration and production company. It explores, develops and acquires properties for the production of natural gas and crude oil from underground reservoirs and also provides marketing and midstream services. During the fourth quarter due to a decrease in the average realized commodity prices for its oil production, lower production volumes and increased unrealized hedging losses, revenues decreased 24% from the same quarter of a year before and net loss available to common stockholders was $741 million, or 84 cents per share while its EBITDA for the fourth quarter was a loss of $198 million.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The return on equity (ROE) of -2,893.96% and return on assets (ROA) of -29.03% are underperforming 100% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 3 out of 10. The cash to debt of 0.09 is below the industry median of 0.79.
Hawkins is the largest shareholder among the gurus with 5.5% of outstanding shares followed by Andreas Halvorsen (Trades, Portfolio) with 2.52%, Barrow, Hanley, Mewhinney & Strauss with 1.5%, John Griffin (Trades, Portfolio) with 1.31%, Caxton Associates (Trades, Portfolio) with 0.74% and Steven Cohen (Trades, Portfolio) with 0.69%.
The investor reduced his shares in FedEx Corp. (FDX) by 14.14% and with an impact of -1.56% on the portfolio.
The company provides a portfolio of transportation, e-commerce and business services. It operates in four businesses: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 12.89% and ROA of 4.32% are outperforming 67% of the companies in the Global Integrated Shipping & Logistics industry. Financial strength has a rating of 6 out of 10. The cash to debt of 0.23 is below the industry median of 0.33.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 5.93% of outstanding shares followed by Dodge & Cox with 4.34%, Hawkins with 2.13%, Bill Gates (Trades, Portfolio) with 1.4%, Bill Nygren (Trades, Portfolio) with 0.74%, Jim Simons (Trades, Portfolio) with 0.09% and Westport Asset Management (Trades, Portfolio) with 0.05%.
The guru reduced his shares in Alphabet Inc. Class CĂ‚ (GOOG) by 12.89% and with an impact of -1.03% on the portfolio.
The company through its subsidiary Google Inc. is engaged in improving the ways people connect with information and products including Search, Android, YouTube, Apps, Maps & Ads. It also produces internet-connected home devices and provides internet services. Fourth-quarter revenue grew 22% year on year and 24% on a constant currency basis and GAAP operating margin increased 25%. The company reported 33% increase for non-GAAP operating margin.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10. ROE of 15.10% and ROA of 12.50% are outperforming 72% of the companies in the Global Internet Content & Information industry. Financial strength has a rating of 9 out of 10. The cash to debt of 21.94 is above the industry median of 4.48.
Dodge & Cox is the largest shareholder among the gurus with 0.45% of outstanding shares followed by PRIMECAP Management with 0.35%, Chris Davis (Trades, Portfolio) with 0.19%, Halvorsen with 0.16%, Hawkins with 0.14% and Frank Sands (Trades, Portfolio) with 0.12%.
The guru reduced his position in Consol Energy Inc. (CNX) by 9.47% and with an impact of -0.86% on the portfolio.
It is an energy company. It operates two divisions, oil and gas exploration and production (E&P) and coal mining. The oil and gas exploration and production division is engaged in the production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin (Pennsylvania, West Virginia, Virginia, Ohio and Tennessee).
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. While its ROE of -19.85% is underperforming the sector, its ROA of -8.45% is outperforming 58% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 4 out of 10. The cash to debt of 0.02 is below the industry median of 0.79.
Hawkins is the largest shareholder among the gurus with 21.76% of outstanding shares followed by David Einhorn (Trades, Portfolio) with 6.71%, Steven Cohen (Trades, Portfolio) with 0.9%, Arnold Schneider (Trades, Portfolio) with 0.61% and Mario Gabelli (Trades, Portfolio) with 0.3%.
The guru reduced his holding in Wynn Resorts Ltd. (WYNN) by 7.78% and with an impact of -0.86% on the portfolio.
The company is a developer, owner and operator of destination casino resorts. It owns and operates two destination casino resorts namely Wynn Las Vegas and Encore at Wynn Macau. Fourth quarter net revenues had an increase of 37.3%, and net income attributable to Wynn Resorts, Limited grew 30.5%. The company reported 18.6% increase for adjusted property EBITDA.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10. ROA of 2.30% and ROC of 7.84% are underperforming 56% of the companies in the Global Resorts & Casinos industry. Financial strength has a rating of 4 out of 10.
Another notable shareholder among the gurus is Halvorsen with 1.39% of outstanding shares followed by Gabelli with 0.22%, Cohen with 0.22%, Murray Stahl (Trades, Portfolio) with 0.13%, John Hussman (Trades, Portfolio) with 0.05% and Julian Robertson (Trades, Portfolio) with 0.02%.
The investor reduced stake United Technologies Corp.Ă‚ (UTX) by 12.65% and with an impact of -0.81% on the portfolio.
The company provides high technology products and services to the building systems and aerospace industries. Its business segments are Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky. During the fourth quarter sales grew 3% year over year and adjusted earnings per shares, EPS increased 2%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. Its ROE of 18.15% and ROA of 5.77% are outperforming 73% of the companies in the Global Aerospace & Defense industry. Financial strength has a rating of 6 out of 10. The cash to debt of 0.30 is below the industry median of 0.38.
The largest shareholder of the company among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.68% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 1.05%, Davis with 1.04%, First Pacific Advisors (Trades, Portfolio) with 0.78%, Steven Romick (Trades, Portfolio) with 0.67%, Diamond Hill Capital (Trades, Portfolio) with 0.44% and Jeremy Grantham (Trades, Portfolio) with 0.25%.
The investor cut his stake in Tribune Media Co. Class AĂ‚ (TRCO) by 42.27% and with an impact of -0.79% on the portfolio.
The company is engaged in diversified media and entertainment business. Through its subsidiaries it operates in two segments, Television and Entertainment, and Digital and Data. It is comprised of approximately 42 television stations.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. Its ROE of -10.07% and ROA of -3.96% are underperforming 82% of the companies in the Global Broadcasting - TV industry. Financial strength has a rating of 4 out of 10. The cash to debt of 0.19 is below the industry median of 1.27.
The largest shareholder among the gurus is Howard Marks (Trades, Portfolio) with 16.22% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 6.83%, Manning & Napier Advisors Inc. with 6.44%, Leon Cooperman (Trades, Portfolio) with 2.05%, Simons with 0.51%, Joel Greenblatt (Trades, Portfolio) with 0.49% and Keeley Asset Management Corp (Trades, Portfolio) with 0.38%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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