Chuck Akre (Trades, Portfolio)'s Akre Capital Management purchased the following stocks during the second quarter.
The firm added to its O'Reilly Automotive Inc. (ORLY, Financial) stake by 44.61%. The transaction had an impact of 1.31% on the portfolio.
The company reported a 55% increase in second-quarter sales. Gross profit increased to $1.20 billion from $1.13 billion in the comparable period of 2016.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 71.39% and return on assets (ROA) of 14.69% are outperforming 91% of companies in the Global Specialty Retail industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.01 is below the industry median of 0.95.
The largest shareholder among the gurus is Steve Mandel (Trades, Portfolio) with 3.23% of outstanding shares, followed by Ruane Cunniff (Trades, Portfolio) with 1.82%, Spiros Segalas (Trades, Portfolio) with 1.61%, Akre with 1.36% and Jim Simons (Trades, Portfolio) with 0.98%.
The firm boosted its position in Dollar Tree Inc. (DLTR, Financial) by 15.45%, giving it 0.74% portfolio space.
Second-quarter consolidated net sales increased 5.7% and the gross profit increased 7.6%.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 17.33% and ROA of 5.82% are outperforming 67% of companies in the Global Discount Stores industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.12 is below the industry median of 0.53.
Lee Ainslie (Trades, Portfolio) is the company's largest shareholder among the gurus with 3.44% of outstanding shares, followed by Akre with 2.05%, Simons with 0.76% and Steven Cohen (Trades, Portfolio) with 0.58%.
The firm's American Tower Corp. (AMT, Financial) stake was increased 1.67%. The transaction had an impact of 0.24% on the portfolio.
During the second quarter, total revenues grew 15.3% and net income increased 101.9%. The company reported 17.5% growth for adjusted EBITDA.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 15.99% and ROA of 3.76% are outperforming 57% of companies in the Global Telecom Services industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.41.
Akre is the company's largest guru shareholder with 1.59% of outstanding shares, followed by Simons with 0.36%, David Carlson (Trades, Portfolio) with 0.16%, Chase Coleman (Trades, Portfolio) with 0.14% and Ron Baron (Trades, Portfolio) with 0.11%.
The firm established a 350,000-share position in Boston Omaha Corp. (BOMN, Financial), expanding the portfolio 0.08%.
The company is engaged in advertising, insurance and real estate. The company's goal is to grow intrinsic value per share at an attractive rate.
GuruFocus gives the company a profitability and growth rating of 2 out of 10. The ROE of -5.25% and ROA of -5.10% are underperforming 73% ofcompanies in the Global Conglomerates industry. Financial strength has a rating of 8 out of 10 with no debt.
Another notable guru shareholder is Louis Moore Bacon (Trades, Portfolio) with 0.7% of outstanding shares.
The firm's holding of Enstar Group Ltd. (ESGR, Financial) was increased 0.76%. The trade had an impact of 0.04% on the portfolio.
Second-quarter consolidated net earnings were $90.2 million, up from $40.6 million in the prior-year quarter.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the ROE of 11.54% is outperforming the sector, the ROA of 2.39% is underperforming 54% of companies in the Global Insurance - Diversified industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.06 is below the industry median of 1,000.
With 2.78% of outstanding shares, Hotchkis & Wiley is the company's largest guru shareholder, followed by Diamond Hill Capital (Trades, Portfolio) with 1.69% and Arnold Van Den Berg (Trades, Portfolio) with 0.6%.
The firm added to its position in Moody's Corp. (MCO, Financial) by 0.35%. The transaction had an impact of 0.04% on the portfolio.
Revenue for the second quarter grew 8% year over year and operating income increased 12%. Diluted earnings per share increased 24%.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 8.85% and ROA of 298.59% are outperforming 79% of companies in the Global Capital Markets industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.69 is below the industry median of 1,845.
The company's largest guru shareholder is Warren Buffett (Trades, Portfolio) with 12.92% of outstanding shares, followed by Bill Nygren (Trades, Portfolio) with 0.52%, Simons with 0.17% and Tom Gayner (Trades, Portfolio) with 0.15%.
The firm's Markel Corp. (MKL, Financial) position was increased by 0.43%, expanding the portfolio 0.03%.
During the quarter, book value per common share outstanding grew 6% and comprehensive income to shareholders was $342.4 million, up from $209.9 million in the comparable quarter of 2016.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 4.72% and ROA of 1.65% are outperforming 78% of companies in the Global Insurance - Property and Casualty industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.93 is below the industry median 2.41.
With 3.71% of outstanding shares, Akre is the company's largest guru shareholder, followed by Davis with 1.98%, Simons with 1.2%, Murray Stahl (Trades, Portfolio) with 0.15% and Tom Russo (Trades, Portfolio) with 0.08%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
