Steven Cohen (Trades, Portfolio) is a billionaire hedge fund investor and the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund which he continues to manage. During the fourth quarter the guru sold shares in the following stocks:
The guru reduced his position in Alphabet Inc. Class AĂ‚ (GOOG) by 71.59% with an impact of -1.7% 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 and Ads. It also produces internet-connected home devices and provides internet services. Fourth-quarter revenue grew 22% from the same quarter of a year before and 24% on a constant currency basis, and GAAP operating margin increased 25%. The company reported a 33% increase for non-GAAP operating margin.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The return on equity (ROE) of 15.10% and return on assets (ROA) of 12.50% are outperforming 72% of the companies in the Global Internet Content and 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.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 0.35% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 0.31%, Andreas Halvorsen (Trades, Portfolio) with 0.26%, Frank Sands (Trades, Portfolio) with 0.24%, Ken Fisher (Trades, Portfolio) with 0.15%, Chris Davis (Trades, Portfolio) with 0.12%, Larry Robbins (Trades, Portfolio) with 0.11% and Pioneer Investments (Trades, Portfolio) with 0.08%.
The investor closed his holding in Amazon.com Inc. (AMZN) with an impact of -1.57% on the portfolio.
The company is an online retailer. It sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offers electronic devices like Kindle e-readers and Fire tablets. Operating cash flow increased 38% in the fourth quarter, and net sales grew 22%. The company reported a 13% increase for operating income and $1.54 per diluted share for net income compared to $1.00 per diluted share in fourth-quarter 2015.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 14.50% and ROA of 3.43% are outperforming 58% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 7 out of 10. The cash to debt of 1.71 is above the industry median of 0.84.
The largest shareholder among the gurus is Sands with 0.48% of outstanding shares followed by Segalas with 0.46%, Fisher with 0.42%, Davis with 0.4%, Halvorsen with 0.34%, Chase Coleman (Trades, Portfolio) with 0.29% and Steve Mandel (Trades, Portfolio) with 0.27%.
The investor exited his position in Newell Brands Inc. (NWL) with an impact of -0.97% on the portfolio.
The company is a marketer of consumer and commercial products. Its products include markers and highlighters, pens and pencils, art products, food storage and home storage products, industrial bandsaw blades, strollers and hygiene systems among others. Fourth-quarter net sales grew 165.0%, and core sales increased 2.5% from the same quarter of the prior year. The company reported operating margin of 12.4% that had a 590 basis point improvement versus the prior year.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 7.00% and ROA of 2.11% are underperforming 62% of the companies in the Global Household and Personal Products industry. Financial strength has a rating of 4 out of 10. The cash to debt of 0.05 is below the industry median of 0.61.
Lee Ainslie (Trades, Portfolio) is the largest shareholder among the gurus with 1.33% of outstanding shares followed by Diamond Hill Capital (Trades, Portfolio) with 0.49%, Jim Simons (Trades, Portfolio) with 0.26%, PRIMECAP Management with 0.2%, Murray Stahl (Trades, Portfolio) with 0.16%, RS Investment Management (Trades, Portfolio) with 0.08% and T Boone Pickens (Trades, Portfolio) with 0.04%.
The guru closed his holding in Comcast Corp. Class AĂ‚ (CMCSA). The trade had an impact of -0.96% on the portfolio.
It is a media and technology company. Its business segments are: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. The company reported 9.2% increase for consolidated revenue and 6.6% growth for operating income in the fourth quarter.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The ROE of 16.38% and ROA of 5.01% are outperforming 68% of the companies in the Global Pay TV industry. Financial strength has a rating of 5 out of 10. The cash to debt of 0.08 is below the industry median of 0.42.
The largest shareholder among the gurus is Dodge & Cox with 1.62% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.94%, Fisher with 0.53%, HOTCHKIS & WILEY with 0.18%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.16%, Diamond Hill Capital with 0.16%, Tom Russo (Trades, Portfolio) with 0.15% and Bill Nygren (Trades, Portfolio) with 0.12%.
The investor exited his position in Apple Inc. (AAPL) with an impact of -0.87% on the portfolio.
The company designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, accessories, networking solutions and third-party digital content. During the first quarter revenue was $78.4 billion compared to revenue of $75.9 billion in the same quarter of a year before, and quarterly earnings per diluted share was $3.36 compared to earnings per diluted share of $3.28 in the year-ago quarter.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 35.00% and ROA of 14.52 are outperforming 95% of the companies in the Global Consumer Electronics industry. Financial strength has a rating of 6 out of 10. The cash to debt of 0.69 is below the industry median of 1.43.
The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 1.09% of outstanding shares followed by Fisher with 0.22%, Segalas with 0.21%, Pioneer Investments with 0.18%, David Einhorn (Trades, Portfolio) with 0.11% and Jeremy Grantham (Trades, Portfolio) with 0.1%.
The guru reduced his shares in Sarepta Therapeutics Inc. (SRPT) by 58.36% with an impact of -0.83% on the portfolio.
It is a biopharmaceutical company focused on the discovery and development of unique RNA-targeted therapeutics for the treatment of rare, infectious and other diseases.
GuruFocus gives the stock a profitability and growth rating of 2 out of 10. The ROE of -111.73% and ROA of -83.38% are underperforming 85% of the companies in the Global Biotechnology industry. Financial strength has a rating of 6 out of 10 with cash to debt of 19.68 that is below the industry median of 49.39.
Simons is another notable shareholder among the gurus with 0.09% of outstanding shares.
The investor closed his holding in Valeant Pharmaceuticals International Inc. (VRX) with an impact of -0.8% on the portfolio.
It is a specialty pharmaceutical and medical device company that develops, manufactures and markets a range of generic and branded generic pharmaceuticals, over-the-counter products and medical devices. During the fourth quarter total revenue were $2.403 billion compared to $2.758 billion in the fourth quarter of 2015 and GAAP earnings per share, EPS was $1.47 as compared to $1.12 in the fourth quarter of the prior year.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of -49.37% and ROA of -5.08% are underperforming 89% of the companies in the Global Drug Manufacturers - Specialty and Generic industry. Financial strength has a rating of 3 out of 10. The cash to debt of 0.02 is below the industry median of 2.56.
The largest shareholder among the gurus is John Paulson (Trades, Portfolio) with 5.57% of outstanding shares followed by Bill Ackman (Trades, Portfolio) with 5.21%, Jeff Ubben (Trades, Portfolio) with 4.31%, Davis with 2.01%, Simons with 0.84%, Francis Chou (Trades, Portfolio) with 0.56% and Cohen with 0.38%.
The guru almost closed his shares in Encana Corp. (ECA) with a reduction of 93.40% and an impact of -0.76% on the portfolio.
The company is a North American energy producer that is engaged in developing diverse resource plays producing natural gas, oil and NGLs. It is also engaged in marketing of natural gas, oil and NGLs.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. While the ROE of -16.08% is underperforming the sector, the ROA of -6.21% is outperforming 56% of the companies in the Global Oil and Gas E&P industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.18 that is below the industry median of 0.79.
Halvorsen is the largest shareholder among the gurus with 9.12% of outstanding shares followed by Davis with 7.31%, Mandel with 2.15%, Paul Singer (Trades, Portfolio) with 1.25%, First Eagle Investment with 0.14% and Sarah Ketterer (Trades, Portfolio) with 0.07%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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