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Private Capital Buys Covidien Ltd., Ultra Petroleum Corp, Zimmer Holdings Inc., Sells Center Bancorp Inc., Diamonds, Elmira Savings Bank FSB

Private Capital was run by Bruce Sherman, who gained 20% in average annually for decades, until 2007. 2008 was a bad year, Sherman retired in March 2009, his long term partner Greg Powers took over. This is the portfolio update of Private Capital duirng Q2. Private Capital was selling heavily.

Private Capital buys Covidien Ltd., Ultra Petroleum Corp, Zimmer Holdings Inc., sells Center Bancorp Inc., Diamonds, Elmira Savings Bank Fsb, Gamco Investors Inc., Mutualfirst Financial Inc. during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Private Capital Management. Private Capital owns 68 stocks with a total value of $1.4 billion. These are the details of the buys and sells.

New Purchases: COV, UPL, ZMH,

Added Positions: BR,

Reduced Positions: AN, ASCA, AVTR, BHLB, BID, BRKL, BYD, EFII, FCNCA, FDEF, FFCH, IBM, JW-A, OPY, PBNY, RCL, S, SBCF, SNBC, SUBK, TGI, THRD, WSFS, WST, WTNY,

Sold Out: CNBC, DIA, ESBK, GBL, MFSF,

For the details of Private Capital's stock buys and sells, go to the Link Here

This is the sector weightings of Private Capital's portfolio:

Technology 40% 40%
Financials 13.3% 13.3%
Telecommunications 5.7% 5.7%
Consumer Services 20.6% 20.6%
Health Care 9.8% 9.8%
Consumer Goods 3.7% 3.7%
Industrials 4.8% 4.8%
Basic Materials 0.5% 0.5%
Oil & Gas 1.6% 1.6%


These are the top 5 holdings of Private Capital

  1. CA Inc. (CA) - 7,058,388 shares, 8.52% of the total portfolio
  2. HewlettPackard Company (HPQ) - 2,995,204 shares, 8.02% of the total portfolio
  3. Symantec Corp. (SYMC) - 5,495,344 shares, 5.93% of the total portfolio
  4. International Game Technology (IGT) - 5,053,551 shares, 5.57% of the total portfolio
  5. Motorola Inc. (MOT) - 9,723,444 shares, 4.47% of the total portfolio


Added: Broadridge Financial Solutions Inc. (BR)

Private Capital added to his holdings in Broadridge Financial Solutions Inc. by 158.95%. His purchase prices were between $16.48 and $19.74, with an estimated average price of $18. The impact to his portfolio due to this purchase was 0.31%. His holdings were 440,148 shares as of 06/30/2009.

Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication securities processing and clearing and outsourcing solutions. Broadridge offers a broad integrated suite of innovative global solutions across the investment lifecycle and provides awide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure thereby allowing them to increase their focus on core business activities. Broadridge Financial Solutions Inc. has a market cap of $2.89 billion; its shares were traded at around $20.61 with a P/E ratio of 13.5 and P/S ratio of 1.3. The dividend yield of Broadridge Financial Solutions Inc. stocks is 1.4%.

New Purchase: Covidien Ltd. (COV)

Private Capital initiated holdings in Covidien Ltd.. His purchase prices were between $31.79 and $36.25, with an estimated average price of $34.7. The impact to his portfolio due to this purchase was 1.65%. His holdings were 636,550 shares as of 06/30/2009.

Covidien PLC formerly Covidien Ltd is engaged in the development manufacture and sale of healthcare products for use in clinical and home settings. It operates its business through four segments: Medical Devices Imaging Solutions Pharmaceutical Products and Medical Supplies. The Medical Devices segment includes the development manufacture and sale of endomechanical soft tissue repair energy oximetry and monitoring airway and ventilation vascular SharpSafety and clinical care products; Imaging Solutions which includes the development manufacture and marketing of radiopharmaceuticals and contrast products; Pharmaceutical Products which includes the development manufacture and distribution of dosage pharmaceuticals and active pharmaceutical ingredients and Medical Supplies which includes the development manufacture and sale of nursing care products medical surgical products and original equipment manufacturer products. Covidien Ltd. has a market cap of $19.89 billion; its shares were traded at around $39.46 with a P/E ratio of 13.5 and P/S ratio of 2. The dividend yield of Covidien Ltd. stocks is 1.6%.

New Purchase: Ultra Petroleum Corp (UPL)

Private Capital initiated holdings in Ultra Petroleum Corp. His purchase prices were between $40.24 and $49.4, with an estimated average price of $44.3. The impact to his portfolio due to this purchase was 1.61%. His holdings were 597,400 shares as of 06/30/2009.

Ultra Petroleum is an independent exploration and production company focused on developing its long life natural gas reserves in the Green River Basin of Wyoming and oil reserves in Bohai Bay offshore China. Ultra Petroleum Corp has a market cap of $7.1 billion; its shares were traded at around $46.92 with a P/E ratio of 23.5 and P/S ratio of 6.5. Ultra Petroleum Corp had an annual average earning growth of 48.6% over the past 5 years.

New Purchase: Zimmer Holdings Inc. (ZMH)

Private Capital initiated holdings in Zimmer Holdings Inc.. His purchase prices were between $38.78 and $46.66, with an estimated average price of $43.3. The impact to his portfolio due to this purchase was 1.05%. His holdings were 354,125 shares as of 06/30/2009.

Zimmer is a global leader in the design development manufacturing and market of reconstructive orthopaedic implants and fracture management products. Orthopaedic reconstruction implants restore joint function lost to disease or trauma in joints such as knees hips shoulders and elbows. Fracture management products are devices used primarily to reattach or stabilize damaged bone and tissue to support the body's natural healing process. Zimmer Holdings Inc. has a market cap of $10.35 billion; its shares were traded at around $48.14 with a P/E ratio of 12.2 and P/S ratio of 2.5. Zimmer Holdings Inc. had an annual average earning growth of 24.6% over the past 5 years.

Reduced: Seacoast Banking Corp. Of Florida (SBCF)

Private Capital reduced to his holdings in Seacoast Banking Corp. Of Florida by 49.09%. His sale prices were between $2.15 and $4.14, with an estimated average price of $3.3. The impact to his portfolio due to this sale was -0.01%. Private Capital still held 185,849 shares as of 06/30/2009.

Seacoast Banking Corp of Florida is a bank holding company. Seacoast and its subsidiaries offer a full array of deposit accounts and retail banking services engages in consumer and commercial lending and provides a wide variety of trust and asset management services as well as securities and annuity products. Seacoast Banking Corp. Of Florida has a market cap of $52.7 million; its shares were traded at around $2.75 with and P/S ratio of 0.4.

Reduced: Electronics For Imaging Inc. (EFII)

Private Capital reduced to his holdings in Electronics For Imaging Inc. by 22.15%. His sale prices were between $9.34 and $11.85, with an estimated average price of $10.3. The impact to his portfolio due to this sale was -0.01%. Private Capital still held 70,826 shares as of 06/30/2009.

Electronics for Imaging Inc. designs and markets products that support color and black-and-white printing on a variety of peripheral devices. Its products incorporate hardware and software technologies that transform digital copiers and printers from many leading copier manufacturers into fast high-quality networked printers. The company's products include stand-alone servers which are connected to digital copiers and other peripheral devices and controllers which are embedded in digital copiers and desktop color laser printers. Electronics For Imaging Inc. has a market cap of $544.5 million; its shares were traded at around $11.06 with and P/S ratio of 1.

Reduced: Provident New York Bancorp (PBNY)

Private Capital reduced to his holdings in Provident New York Bancorp by 21.49%. His sale prices were between $7.7 and $10.01, with an estimated average price of $8.5. The impact to his portfolio due to this sale was -0.02%. Private Capital still held 148,660 shares as of 06/30/2009.

Provident New York Bancorp is a leading full-service independent community bank that helps families and businesses make the most of life's opportunities. By combining state-of-the-art technology with our own brand of local decision making we can deliver the quality financial products and services you need how when and where you need them. Provident New York Bancorp has a market cap of $394.4 million; its shares were traded at around $9.89 with a P/E ratio of 14.1 and P/S ratio of 2.3. The dividend yield of Provident New York Bancorp stocks is 2.4%. Provident New York Bancorp had an annual average earning growth of 28.6% over the past 5 years.

Reduced: First Defiance Financial Corp. (FDEF)

Private Capital reduced to his holdings in First Defiance Financial Corp. by 21.7%. His sale prices were between $8.07 and $14.11, with an estimated average price of $12. The impact to his portfolio due to this sale was -0.02%. Private Capital still held 118,338 shares as of 06/30/2009.

First Defiance Financial Corp. is a unitary thrift holding company that through its subsidiaries focuses on traditional banking mortgage banking and property and casualty life and group health insurance products. Theirtraditional banking activities include originating and servicing residential commercial and consumer loans and providing a broad range of depository services. First Defiance Financial Corp. has a market cap of $145.4 million; its shares were traded at around $17.92 with a P/E ratio of 17.1 and P/S ratio of 1.2. The dividend yield of First Defiance Financial Corp. stocks is 1.9%. First Defiance Financial Corp. had an annual average earning growth of 2.5% over the past 5 years.

Reduced: Tf Financial Corp. (THRD)

Private Capital reduced to his holdings in Tf Financial Corp. by 32.83%. His sale prices were between $16.56 and $20.12, with an estimated average price of $18.7. The impact to his portfolio due to this sale was -0.02%. Private Capital still held 47,955 shares as of 06/30/2009.

TF FINANCIAL CORP. is a holding company engaged in general banking business. Bank is a member of the FDIC. Tf Financial Corp. has a market cap of $46.9 million; its shares were traded at around $17.615 with a P/E ratio of 11.2 and P/S ratio of 1.1. The dividend yield of Tf Financial Corp. stocks is 4.6%.

Reduced: Sun Bancorp Inc. (SNBC)

Private Capital reduced to his holdings in Sun Bancorp Inc. by 38.68%. His sale prices were between $5.25 and $7.29, with an estimated average price of $6.4. The impact to his portfolio due to this sale was -0.03%. Private Capital still held 240,430 shares as of 06/30/2009.

Sun Bancorp Inc. is a bank holding company with two principal subsidiaries Sun National Bank and Sun National Bank. Through the Banks Sun Bancorp provides community banking services. The Banks offer comprehensive lending depository and financial services to their customers and marketplace. The Banks' lending services to businesses include commercial and industrial loans and commercial real estate loans. Sun Bancorp Inc. has a market cap of $137.9 million; its shares were traded at around $5.96 with and P/S ratio of 0.7. Sun Bancorp Inc. had an annual average earning growth of 0.6% over the past 5 years.

Reduced: Berkshire Hills Bancorp Inc. (BHLB)

Private Capital reduced to his holdings in Berkshire Hills Bancorp Inc. by 30.62%. His sale prices were between $19.93 and $25.91, with an estimated average price of $22.4. The impact to his portfolio due to this sale was -0.03%. Private Capital still held 74,537 shares as of 06/30/2009.

Berkshire Hills Bancorp Inc. is a bank holding company. Through its subsidiaries the company is engaged as a community bank that accepts retail deposits from the general public in the areas surrounding its full-service banking offices and uses those fundstogether with funds generated from operations and borrowings to originate residential mortgage loans commercial business and real estate loans and consumer loans primarily indirect automobile loans. Berkshire Hills Bancorp Inc. has a market cap of $317.3 million; its shares were traded at around $23.15 with a P/E ratio of 20.3 and P/S ratio of 2. The dividend yield of Berkshire Hills Bancorp Inc. stocks is 2.7%. Berkshire Hills Bancorp Inc. had an annual average earning growth of 2.8% over the past 5 years.

Reduced: Wsfs Financial Corp. (WSFS)

Private Capital reduced to his holdings in Wsfs Financial Corp. by 20.56%. His sale prices were between $25.2 and $32.82, with an estimated average price of $28.1. The impact to his portfolio due to this sale was -0.05%. Private Capital still held 123,678 shares as of 06/30/2009.

WSFS Financial Corporation is a thrift holding company. WSFS provides residential and commercial real estate commercial and consumer lending services as well as cash management services funding these activities primarily with retail deposits and borrowings. Wsfs Financial Corp. has a market cap of $195.7 million; its shares were traded at around $31.61 with a P/E ratio of 37.6 and P/S ratio of 0.9. The dividend yield of Wsfs Financial Corp. stocks is 1.5%. Wsfs Financial Corp. had an annual average earning growth of 14.1% over the past 10 years. GuruFocus rated Wsfs Financial Corp. the business predictability rank of 3.5-star.

Reduced: First Financial Holdings Inc. (FFCH)

Private Capital reduced to his holdings in First Financial Holdings Inc. by 56.51%. His sale prices were between $8.78 and $10.53, with an estimated average price of $9.3. The impact to his portfolio due to this sale was -0.05%. Private Capital still held 132,337 shares as of 06/30/2009.

FIRST FINANCIAL HOLDINGS INC. acts as a financial intermediary by attracting deposits from the general public and using such funds together with borrowings and other funds to originate first mortgage loans on residential properties located in its primary market areas. First Financial Holdings Inc. has a market cap of $207.7 million; its shares were traded at around $17.75 with a P/E ratio of 30.1 and P/S ratio of 0.9. The dividend yield of First Financial Holdings Inc. stocks is 1.1%. First Financial Holdings Inc. had an annual average earning growth of 4.4% over the past 10 years.

Reduced: Brookline Bancorp Inc. (BRKL)

Private Capital reduced to his holdings in Brookline Bancorp Inc. by 28.84%. His sale prices were between $9.17 and $10.53, with an estimated average price of $9.8. The impact to his portfolio due to this sale was -0.06%. Private Capital still held 331,520 shares as of 06/30/2009.

Brookline Bancorp Inc. is a holding company for Brookline Savings Bank. Brookline Bancorp Inc. has a market cap of $644.6 million; its shares were traded at around $10.92 with a P/E ratio of 43.7 and P/S ratio of 4.4. The dividend yield of Brookline Bancorp Inc. stocks is 3.1%. Brookline Bancorp Inc. had an annual average earning growth of 5.3% over the past 10 years. GuruFocus rated Brookline Bancorp Inc. the business predictability rank of 2.5-star.

Reduced: First Citizens Bancshares Inc. (FCNCA)

Private Capital reduced to his holdings in First Citizens Bancshares Inc. by 23.53%. His sale prices were between $118.65 and $140.56, with an estimated average price of $132.1. The impact to his portfolio due to this sale was -0.09%. Private Capital still held 43,135 shares as of 06/30/2009.

First Citizens is a bank holding company engaged in general banking business. The Bank is the fifth largest commercial bank in North Carolina based upon total deposits. Its growth has been generated principally by acquisitions and de novo branching that have occurred under the leadership of the R.P. Holding family. First Citizens Bancshares Inc. has a market cap of $1.47 billion; its shares were traded at around $141.14 with a P/E ratio of 30 and P/S ratio of 1.3. The dividend yield of First Citizens Bancshares Inc. stocks is 0.9%. First Citizens Bancshares Inc. had an annual average earning growth of 5.7% over the past 10 years.

Reduced: Avatar Holdings Inc. (AVTR)

Private Capital reduced to his holdings in Avatar Holdings Inc. by 31.01%. His sale prices were between $17.33 and $19.77, with an estimated average price of $18.6. The impact to his portfolio due to this sale was -0.11%. Private Capital still held 271,269 shares as of 06/30/2009.

Avatar Holdings Inc. and its subsidiaries are engaged in two principal business activities: real estate and water and wastewater utilities operations. The real estate operations include: development construction and sale of single family and multifamily housing communities; development sale and management of vacation ownership intervals improved and unimproved homesites and commercial/industrial land tracts; operations of resorts cable television and property management services. Their utility operations consist of water and wastewater treatment plants which serve Florida and Arizona. Avatar Holdings Inc. has a market cap of $170.8 million; its shares were traded at around $19.34 with and P/S ratio of 1.5. Avatar Holdings Inc. had an annual average earning growth of 49% over the past 5 years.

Reduced: Suffolk Bancorp (SUBK)

Private Capital reduced to his holdings in Suffolk Bancorp by 37.01%. His sale prices were between $23.46 and $27.33, with an estimated average price of $25.4. The impact to his portfolio due to this sale was -0.13%. Private Capital still held 201,358 shares as of 06/30/2009.

SUFFOLK BANCORP is a holding company which thru its subsidiaries is engaged in the general banking business. The Bank is a full-service bank serving the needs of the local residents of eastern Suffolk County. Approximately 90 percent of the Bank's business is devoted to rendering services to those residing in the immediate area of the Bank's main and branch offices. Suffolk Bancorp has a market cap of $290.3 million; its shares were traded at around $30.24 with a P/E ratio of 12.6 and P/S ratio of 2.8. The dividend yield of Suffolk Bancorp stocks is 2.9%. Suffolk Bancorp had an annual average earning growth of 8.2% over the past 5 years.

Reduced: West Pharmaceutical Services Inc. (WST)

Private Capital reduced to his holdings in West Pharmaceutical Services Inc. by 21.13%. His sale prices were between $31.93 and $34.54, with an estimated average price of $33.3. The impact to his portfolio due to this sale was -0.14%. Private Capital still held 263,123 shares as of 06/30/2009.

West Pharmaceutical Services applies technologies to the process of bringing new drug therapies and healthcare products. West's technologies include the design and manufacture of packaging components for pharmaceutical healthcare and consumer products; research and development of drug delivery systems; contract manufacturing and packaging services; clinical services; and contract laboratory services and other services that support the manufacturing filling and packaging of pharmaceutical healthcare and consumer products. West Pharmaceutical Services Inc. has a market cap of $1.34 billion; its shares were traded at around $40.79 with a P/E ratio of 21.2 and P/S ratio of 1.3. The dividend yield of West Pharmaceutical Services Inc. stocks is 1.5%. West Pharmaceutical Services Inc. had an annual average earning growth of 5.9% over the past 10 years.

Reduced: International Business Machines Corp (IBM)

Private Capital reduced to his holdings in International Business Machines Corp by 36.28%. His sale prices were between $99.1 and $107.71, with an estimated average price of $103.2. The impact to his portfolio due to this sale was -0.14%. Private Capital still held 54,059 shares as of 06/30/2009.

IBM uses advanced information technology to provide customer solutions. The company operates primarily in a single industry using several segments that create value by offering a variety of solutions that include either singularly or in some combination technologies systems products services software and financing. Organizationally the company's major operations comprise three hardware product segments--Technology Personal Systems and Enterprise Systems; a Global Services segment; a Software segment; a Global Financing segment and an Enterprise Investments segment. International Business Machines Corp has a market cap of $156.86 billion; its shares were traded at around $118.83 with a P/E ratio of 12.7 and P/S ratio of 1.5. The dividend yield of International Business Machines Corp stocks is 1.8%. International Business Machines Corp had an annual average earning growth of 4.9% over the past 10 years.

Reduced: Oppenheimer Holdings Inc. (OPY)

Private Capital reduced to his holdings in Oppenheimer Holdings Inc. by 24.02%. His sale prices were between $10.08 and $22.74, with an estimated average price of $14.6. The impact to his portfolio due to this sale was -0.18%. Private Capital still held 516,252 shares as of 06/30/2009.

Fahnestock Viner Holdings Inc. is a holding company and carries on no active business. The company is engaged in the securities brokerage and trading business and offers investment advisory and other related financial services. The operating subsidiaries are engaged in a broad range of activities in the securities brokerage business including retail securities brokerage bond trading and investment banking-offering both corporate and public finance services underwriting research market making and investment advisory and asset management services. Oppenheimer Holdings Inc. has a market cap of $356.2 million; its shares were traded at around $27.47 with a P/E ratio of 211.3 and P/S ratio of 0.4. The dividend yield of Oppenheimer Holdings Inc. stocks is 1.6%. Oppenheimer Holdings Inc. had an annual average earning growth of 27.6% over the past 5 years.

Reduced: Triumph Group Inc. (TGI)

Private Capital reduced to his holdings in Triumph Group Inc. by 25.27%. His sale prices were between $36.71 and $44.57, with an estimated average price of $41.3. The impact to his portfolio due to this sale was -0.18%. Private Capital still held 262,830 shares as of 06/30/2009.

Triumph Group Inc. designs engineers manufactures repairs and overhauls aircraft components. The company serves a broad worldwide spectrum of the aviation industry including commercial airlines and air cargo carriersas well as original equipment manufacturers of aircraft and aircraft components. The company also distributes processes and fabricates metal products. Triumph Group Inc. has a market cap of $733.1 million; its shares were traded at around $43.99 with a P/E ratio of 7.9 and P/S ratio of 0.6. The dividend yield of Triumph Group Inc. stocks is 0.4%. Triumph Group Inc. had an annual average earning growth of 2.2% over the past 10 years.

Reduced: Whitney Holding Corp. (WTNY)

Private Capital reduced to his holdings in Whitney Holding Corp. by 27.4%. His sale prices were between $9.4 and $14.96, with an estimated average price of $12.2. The impact to his portfolio due to this sale was -0.18%. Private Capital still held 1,022,905 shares as of 06/30/2009.

WHITNEY HOLDING CORP. is a Louisiana bank holding company registered pursuant to the Bank Holding Company Act of 1956. The Company through its banking subsidiaries engages in commercial and retail banking and in trust business including the taking of deposits the making of secured and unsecured loans the financing of commercial transactions the issuance of credit cards the delivery of corporate pension and personaltrust services investment services and safe deposit rentals. The LouisianaBank is active as a correspondent for other banks. Whitney Holding Corp. has a market cap of $622 million; its shares were traded at around $9.23 with and P/S ratio of 0.9. The dividend yield of Whitney Holding Corp. stocks is 0.4%. Whitney Holding Corp. had an annual average earning growth of 5.7% over the past 10 years.

Reduced: Boyd Gaming Corp. (BYD)

Private Capital reduced to his holdings in Boyd Gaming Corp. by 22.74%. His sale prices were between $6.06 and $12.24, with an estimated average price of $8.9. The impact to his portfolio due to this sale was -0.3%. Private Capital still held 2,272,584 shares as of 06/30/2009.

BOYD GAMING CORP. is a multi-jurisdictional gaming company which currently owns or operates ten casino entertainment facilities is in the process ofconstructing its eleventh property acquiring its twelfth property and recently acquired land upon which it intends to construct its thirteenth property. The Company owns and operates six facilities in three distinct markets in Las Vegas Nevada: the Stardust on the Las Vegas Strip; Sam's Town Las Vegas the Eldorado and Jokers Wild on the Boulder Strip; and the California and the Fremont in downtown Las Vegas. Boyd Gaming Corp. has a market cap of $939.3 million; its shares were traded at around $10.91 with a P/E ratio of 17.8 and P/S ratio of 0.5. Boyd Gaming Corp. had an annual average earning growth of 10.2% over the past 10 years. GuruFocus rated Boyd Gaming Corp. the business predictability rank of 3.5-star.

Reduced: Ameristar Casinos Inc. (ASCA)

Private Capital reduced to his holdings in Ameristar Casinos Inc. by 31.11%. His sale prices were between $13.86 and $21.34, with an estimated average price of $18.1. The impact to his portfolio due to this sale was -0.34%. Private Capital still held 824,530 shares as of 06/30/2009.

Ameristar Casinos Inc. is a leading Las Vegas-based gaming and entertainment company known for its premier properties characterized by innovative architecture state-of-the-art casino floors and superior dining lodging and entertainment offerings. Ameristar's focus on the total entertainment experience and the highest quality guest service has earned it a leading market share position in each of the markets in which it operates. Founded in 1954 in Jackpot Nevada Ameristar has been a public company since November 1993. The company has a portfolio of seven casinos in six markets: Ameristar St. Charles; Ameristar Kansas City; Ameristar Council Bluffs; Ameristar Vicksburg; Ameristar Black Hawk; and Cactus Petes and the Horseshu in Jackpot Nevada. Ameristar Casinos Inc. has a market cap of $1.03 billion; its shares were traded at around $17.99 with a P/E ratio of 13.8 and P/S ratio of 0.8. The dividend yield of Ameristar Casinos Inc. stocks is 2.4%. Ameristar Casinos Inc. had an annual average earning growth of 20% over the past 10 years. GuruFocus rated Ameristar Casinos Inc. the business predictability rank of 3-star.

Reduced: Sotheby's (BID)

Private Capital reduced to his holdings in Sotheby's by 27.26%. His sale prices were between $9.91 and $14.55, with an estimated average price of $11.6. The impact to his portfolio due to this sale was -0.66%. Private Capital still held 2,464,980 shares as of 06/30/2009.

Sotheby's Holdings Inc. is one of the world's second largest auctioneers of fine arts antiques and collectibles offering property in collecting categories among them paintings jewelry decorative arts and books. Sotheby's Holdings Inc is the parent company of Sotheby's worldwide auction businesses art-related financing and private sales activities. The Company operates in countries with principal salesrooms located in New York and London. The company also regularly conducts auctions in other salesrooms around the world including Australia Hong Kong France Italy the Netherlands Switzerland and Singapore. Sotheby's has a market cap of $1.16 billion; its shares were traded at around $17.36 with and P/S ratio of 1.6. The dividend yield of Sotheby's stocks is 1.2%. Sotheby's had an annual average earning growth of 18.6% over the past 10 years.

Reduced: Autonation Inc. (AN)

Private Capital reduced to his holdings in Autonation Inc. by 51.6%. His sale prices were between $15.23 and $17.57, with an estimated average price of $16.6. The impact to his portfolio due to this sale was -0.82%. Private Capital still held 1,324,430 shares as of 06/30/2009.

AutoNation Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states predominantly in the Sunbelt states. Its business consists primarily of the sale financing and servicing of new and used vehicles. The company also provides other related services and products such as the sale of parts and accessories extended service contracts aftermarket automotive products and collision repair services. Autonation Inc. has a market cap of $3.47 billion; its shares were traded at around $19.57 with a P/E ratio of 22 and P/S ratio of 0.2. Autonation Inc. had an annual average earning growth of 17.6% over the past 10 years. GuruFocus rated Autonation Inc. the business predictability rank of 3.5-star.

Reduced: Sprint Nextel Corp. Series 1 (S)

Private Capital reduced to his holdings in Sprint Nextel Corp. Series 1 by 21.99%. His sale prices were between $4.11 and $5.29, with an estimated average price of $4.9. The impact to his portfolio due to this sale was -0.88%. Private Capital still held 12,058,881 shares as of 06/30/2009.

Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer business and government customers. Sprint Nextel is widely recognized for developing engineering and deploying innovative technologies including two robust wireless networks offering industry leading mobile data services; instant national and international push-to-talk capabilities; and an award-winning and global Tier 1 Internet backbone. Sprint Nextel Corp. Series 1 has a market cap of $10.48 billion; its shares were traded at around $3.65 with and P/S ratio of 0.3.

Reduced: John Wiley & Sons Inc. (JW-A)

Private Capital reduced to his holdings in John Wiley & Sons Inc. by 27.63%. His sale prices were between $30.8 and $34.19, with an estimated average price of $32.8. The impact to his portfolio due to this sale was -1.06%. Private Capital still held 1,671,733 shares as of 06/30/2009.

Wiley John & Sons Inc. is a global publisher of print and electronic products specializing in scientific technical and medical books and journals; professional and consumer books and subscription services; and textbooks and other educational materials for undergraduate and graduate students as well as lifelong learners. The company has publishing marketing and distribution centers in the United States Canada Europe Asia and Australia. John Wiley & Sons Inc. has a market cap of $1.89 billion; its shares were traded at around $32.51 with a P/E ratio of 15 and P/S ratio of 1.2. The dividend yield of John Wiley & Sons Inc. stocks is 1.7%. John Wiley & Sons Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated John Wiley & Sons Inc. the business predictability rank of 5-star.

Reduced: Royal Caribbean Cruises Ltd. (RCL)

Private Capital reduced to his holdings in Royal Caribbean Cruises Ltd. by 54.36%. His sale prices were between $10.08 and $17.09, with an estimated average price of $14. The impact to his portfolio due to this sale was -1.38%. Private Capital still held 2,702,488 shares as of 06/30/2009.

Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International Celebrity Cruises and Royal Celebrity Tours. Royal Celebrity Tours operates cruise tour vacations in Alaska utilizing the world's largest glass-domed railcars. Royal Caribbean Cruises Ltd. has a market cap of $4.24 billion; its shares were traded at around $19.85 with a P/E ratio of 12.4 and P/S ratio of 0.6. Royal Caribbean Cruises Ltd. had an annual average earning growth of 6.8% over the past 10 years. GuruFocus rated Royal Caribbean Cruises Ltd. the business predictability rank of 5-star.

Sold Out: Mutualfirst Financial Inc. (MFSF)

Private Capital sold out his holdings in Mutualfirst Financial Inc.. His sale prices were between $5.42 and $9.26, with an estimated average price of $7.4.

MutualFirst Financial Inc. is the holding company of Mutual Federal Savings Bank. Mutualfirst Financial Inc. has a market cap of $52.6 million; its shares were traded at around $7.53 with a P/E ratio of 75.3 and P/S ratio of 0.7. The dividend yield of Mutualfirst Financial Inc. stocks is 6.3%. Mutualfirst Financial Inc. had an annual average earning growth of 24.2% over the past 5 years.

Sold Out: Gamco Investors Inc. (GBL)

Private Capital sold out his holdings in Gamco Investors Inc.. His sale prices were between $40.12 and $53.17, with an estimated average price of $48.8.

GAMCO Investors Inc. through its subsidiaries manages assets in private advisory accounts (GAMCO Asset Management Inc.) mutual funds and closed-end funds (Gabelli Funds LLC) and partnerships and offshore funds (Investment Partnerships). Gamco Investors Inc. has a market cap of $1.27 billion; its shares were traded at around $45.59 with a P/E ratio of 59.2 and P/S ratio of 5.1. The dividend yield of Gamco Investors Inc. stocks is 0.3%. Gamco Investors Inc. had an annual average earning growth of 5.5% over the past 5 years.

Sold Out: Center Bancorp Inc. (CNBC)

Private Capital sold out his holdings in Center Bancorp Inc.. His sale prices were between $6.99 and $9.12, with an estimated average price of $8.

Center Bancorp Inc. is a one-bank holding company for the Union Center National Bank. The Bank offers a broad range of lending depository and related financial services including trust to commercial industrial and governmental customers. The Bank obtained full trust powers enabling it to offer a variety of trust services to their customers. In the lending area these services include short and medium term loans lines of credit letters of credit working capital loans real estate construction loans and mortgage loans. Center Bancorp Inc. has a market cap of $124.6 million; its shares were traded at around $9.59 with a P/E ratio of 25.2 and P/S ratio of 2.3. The dividend yield of Center Bancorp Inc. stocks is 1.3%.

Sold Out: Elmira Savings Bank Fsb (ESBK)

Private Capital sold out his holdings in Elmira Savings Bank Fsb. His sale prices were between $9.9 and $16.47, with an estimated average price of $12.9.

Elmira Savings Bank is a Community Bank serving the Southern tier of New York and Northern Tier of Pennsylvania. Elmira Savings Bank Fsb has a market cap of $31.9 million; its shares were traded at around $16.7 with a P/E ratio of 11.2 and P/S ratio of 13.7. The dividend yield of Elmira Savings Bank Fsb stocks is 4.8%.

Sold Out: Diamonds (DIA)

Private Capital sold out his holdings in Diamonds. His sale prices were between $79.83 and $87.58, with an estimated average price of $83.2.

Diamonds Trust is a unit investment trust. The Trust was created to provide investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities consisting of substantially all of the component common stocks which comprise the Dow Jones Industrial Average. Diamonds has a market cap of $7.84 billion; its shares were traded at around $95.48 . The dividend yield of Diamonds stocks is 1.6%.


Rating: 2.2/5 (20 votes)

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