Founded by Martin Whitman (Trades, Portfolio), Third Avenue Management (Trades, Portfolio) manages a portfolio of 111 stocks. During the third quarter, the firm bought the following stocks:
The firm established a 1,080,300-share stake in Kimco Realty Corp. (KIM, Financial), giving it 0.95% portfolio space.
The real estate investment trust (REIT) has a market cap of $7.62 billion and an enterprise value of $13.05 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity (ROE) of 6.95% and return on assets (ROA) 3.68% are underperforming 71% of companies in the Global REIT - Retail industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.06.
The largest shareholder among the gurus is Third Avenue with 0.25% of outstanding shares, followed by John Buckingham (Trades, Portfolio) with 0.02%, Jim Simons (Trades, Portfolio) with 0.02% and Caxton Associates (Trades, Portfolio) with 0.02%.
The firm expanded its Macerich Co. (MAC, Financial) position by 69.27%, impacting the portfolio 0.86%.
The REIT has a market cap of $7.72 billion and an enterprise value of $12.92 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 3.58% and ROA of 1.49% are underperforming 74% of companies in the Global REIT – Retail industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.06.
With 0.6% of outstanding shares, Third Avenue is the company's largest guru shareholder, followed by Mario Cibelli (Trades, Portfolio) with 0.12%, Manning & Napier Advisors Inc. with 0.05% and Michael Price (Trades, Portfolio) with 0.03%.
Third Avenue purchased 634,354 shares of Tidewater Inc. (TDW, Financial), expanding the portfolio 0.83%.
The offshore petroleum services company has a market cap of $511.61 million.
GuruFocus gives the company a profitability and growth rating of 2 out of 10. The ROE of -276.15% and ROA of -78.26% are underperforming 99% of companies in the Global Oil and Gas Equipment and Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 7.52 is above the industry median of 0.50.
Richard Snow (Trades, Portfolio) is the company's largest shareholder among the gurus with 5.42% of outstanding shares, followed by Third Avenue with 3.44% and Glenn Greenberg (Trades, Portfolio) with 0.11%.
Third Avenue increased its stake in Johnson Controls International PLC (JCI, Financial) by 56.65%, impacting the portfolio by 0.78%.
The manufacturer of HVAC systems has a market cap of $39.48 billion and an enterprise value of $54.17 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of -2.35% and ROA of -0.89% are underperforming 87% of companies in the Global Building Materials industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.49.
The company's largest guru shareholder is Dodge & Cox with 6.2% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 4.6%, Chris Davis (Trades, Portfolio) with 1.48% and Hotchkis & Wiley with 0.97%.
The firm increased its Vornado Realty Trust (VNO, Financial) holding by 8.03%, having an impact of 0.18% on the portfolio.
The REIT has a market cap of $13.74 billion and an enterprise value of $24.68 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of 13.12% and ROA of 4.58% are outperforming 64% of companies in the Global REIT – Diversified industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.14 is above the industry median of 0.06.
Third Avenue is the company's largest shareholder among the gurus with 0.34% of outstanding shares, followed by Simons with 0.3%, Davis with 0.09% and Paul Tudor Jones (Trades, Portfolio) with 0.02%.
The firm's Reliance Steel & Aluminum Co. (RS, Financial) position was increased by 14.38%. The transaction had an impact of 0.16% on the portfolio.
The steel company has a market cap of $5.66 billion and an enterprise value of $7.62 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 7.78% and ROA of 4.27% are outperforming 61% of companies in the Global Steel industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.07 is below the industry median of 0.42.
The company's largest guru shareholder is Chuck Royce (Trades, Portfolio) with 1.43% of outstanding shares, followed by Simons with 0.51% and Whitman with 0.45%.
The firm added 94.53% to its AMN Healthcare Services Inc. (AMN, Financial) position, impacting the portfolio by 0.15%.
The medical staffing solutions company has a market cap of $2.03 billion and an enterprise value of $2.34 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 25.74% and ROA of 9.85% are outperforming 83% of companies in the Global Medical Care industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.07 is below the industry median of 0.37.
Royce is the company's largest guru shareholder with 2.24% of outstanding shares, followed by Columbia Wanger (Trades, Portfolio) with 1.94% and Joel Greenblatt (Trades, Portfolio) with 0.81%.
Disclosure: I do not own any stocks mentioned in this article.
