Irving Kahn, along with brothers Alan and Thomas, founded Kahn Brothers (Trades, Portfolio) in 1978. During the first quarter the guru bought shares in the following stocks:
The guru started a new position of 385,130 shares in Assured Guaranty Ltd. (AGO). The trade had an impact of 2.46% on the portfolio.
The company through its operating subsidiaries provides credit protection products to the U.S. and international public finance including infrastructure and structured finance markets.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The return on equity (ROE) of 17.70% and return on assets (ROA) of 7.91% are outperforming 76% of the companies in the Global Insurance - Specialty industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.11 is below the industry median of 3.44.
The largest shareholder among the gurus is Arnold Schneider (Trades, Portfolio) with 0.44% of outstanding shares followed by Chuck Royce (Trades, Portfolio) with 0.36%, Kahn Brothers with 0.32%, Steven Cohen (Trades, Portfolio) with 0.28%, Jeremy Grantham (Trades, Portfolio) with 0.25% and Diamond Hill Capital (Trades, Portfolio) with 0.09%.
GlaxoSmithKline PLC ADRÂ (GSK)’s stake was raised by 26.12% with an impact of 1.58% on the portfolio.
The company creates, discovers, develops, manufactures and markets pharmaceutical products including vaccines, over-the-counter (OTC) medicines and health-related consumer products.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. While the ROE of 131.80% is outperforming the sector, ROA of 2.90% is underperforming 67% of the companies in the Global Drug Manufacturers - Major industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.25 is below the industry median of 3.09.
Ken Fisher (Trades, Portfolio) is the largest shareholder among the gurus with 0.49% of outstanding shares followed by HOTCHKIS & WILEY with 0.31%, Jim Simons (Trades, Portfolio) with 0.18%, Charles Brandes (Trades, Portfolio) with 0.14%, NWQ Managers (Trades, Portfolio) with 0.1% and John Rogers (Trades, Portfolio) with 0.07%.
The investor raised his position in BP PLC ADRĂ‚ (BP) by 4.99%. The transaction had an impact of 0.39% on the portfolio.
The company explores for oil and natural gas and also engages in supply and trading of crude oil, petroleum, petrochemicals products and related services.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 2.53% and ROA of 0.91% are outperforming 65% of the companies in the Global Oil & Gas Integrated industry. Financial strength has a rating of 5 out of 10.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus with 1.17% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 0.19%, Brandes with 0.11%, Kahn Brothers with 0.04%, Fisher with 0.02% and Ray Dalio (Trades, Portfolio) with 0.01%.
The guru raised his position in BlackBerry Ltd. (BBRY) by 3.91%. The trade had an impact of 0.23% on the portfolio.
The company is a designer, manufacturer and marketer of wireless solutions for the mobile communications market.
GuruFocus gives the stock a profitability and growth rating of 2 out of 10. The ROE of -48.76% and ROA of -27.85% are underperforming 92% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 2 out of 10. The cash-debt ratio of 2.33 is below the industry median of 2.61.
The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 14.25% of outstanding shares followed by Prem Watsa (Trades, Portfolio) with 8.79%, Simons with 2.53% and First Eagle Investment (Trades, Portfolio) with 1.16%.
The guru increased his position in MBIA Inc. (MBI) by 1.33% with an impact of 0.08% on the portfolio.
The company through its subsidiaries is engaged in providing financial guarantee insurance to the U.S.'s public finance markets. Its segments are U.S. public finance insurance, structured finance and international insurance and advisory services.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of -9.61% and ROA of -2.83% are outperforming 95% of the companies in the Global Insurance - Property and Casualty industry. Financial strength has a rating of 5 out of 10 with a cash-debt ratio of 0.05 that is below the industry median of 2.41.
Kahn Brothers is the largest shareholder among the gurus with 3.42% of outstanding shares followed by Royce with 3.1%, Francis Chou (Trades, Portfolio) with 0.84%, Simons with 0.2 and Grantham with 0.19%.
The investor increased his position in VOXX International Corp. Class AĂ‚ (VOXX) by 1.01% with an impact of 0.02% on the portfolio.
The company is a manufacturer and distributor in the Automotive, Premium Audio and Consumer Accessories industries. It manufactures, distributes and markets rear-seat entertainment devices, home theater systems and music systems among others.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of 1.14% and ROA of 0.66% are underperforming 82% of the companies in the Global Auto Parts industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.07 is below the industry median of 0.75.
The largest shareholder among the gurus is Royce with 7.51% of outstanding shares followed by Simons with 1.09% and Brandes with 0.18%.
Novartis AG ADRÂ (NVS)’s stake was increased by 3.10% with an impact of 0.01% on the portfolio.
The company is in the research, development, manufacturing and marketing of health care products and pharmaceuticals. Its portfolio includes pharmaceuticals and oncology medicines, generic and biosimilar medicines and eye care devices.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 8.78% and ROA of 4.81% are outperforming 57% of the companies in the Global Drug Manufacturers - Major industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.26 is below the industry median 3.09.
Dodge & Cox is the largest shareholder among the gurus with 2.14% of outstanding shares followed by PRIMECAP Management with 0.92%, Fisher with 0.26%, Manning & Napier Advisors, Inc with 0.21%, Cohen with 0.03% and Sarah Ketterer (Trades, Portfolio) with 0.01%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
