GAMCO leader Mario Gabelli (Trades, Portfolio) sold shares of the following stocks during the first quarter.
The guru exited his Snyder's-Lance Inc. (LNCE, Financial) stake, impacting the portfolio by -0.73%.
The company, which manufactures and distributes a variety of packaged snack foods, has a market cap of $4.92 billion and an enterprise value of $5.99 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. While its return on equity of 7.90% is underperforming the sector, its return on assets of 4.01% is outperforming 52% of companies in the Global Packaged Foods industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.66.
Jim Simons (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.03% of outstanding shares, followed by Joel Greenblatt (Trades, Portfolio) with 0.01% and Pioneer Investments (Trades, Portfolio) with 0.01%.
Gabelli closed his Scripps Networks Interactive Inc. (SNI, Financial) position. The trade had an impact of -0.51% on the portfolio.
The media company, which operates six domestic cable channels, has a market cap of $11.71 billion and an enterprise value of $14.44 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 25.95% and ROA of 9.77% are outperforming 86% of companies in the Global Broadcasting - TV industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.05 is below the industry median of 1.39.
The company's largest shareholder among the gurus is Jeremy Grantham (Trades, Portfolio) with 0.41% of outstanding shares, followed by John Paulson (Trades, Portfolio) with 0.38% and Pioneer Investments with 0.33%.
Gabelli sold out of his Exactech Inc. (EXAC, Financial) holding. The transaction had an impact of -0.24% on the portfolio.
The company, which manufactures orthopedic implant devices and related surgical instruments, has a market cap of $710.38 million and an enterprise value of $712.66 million.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the ROE of 0.20% is underperforming the sector, the ROA of 0.16% is outperforming 52% of companies in the Global Medical Devices industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 0.84 is below the industry median of 2.32.
With 1.4% of outstanding shares, Simons is the company's largest guru shareholder, followed by Chuck Royce (Trades, Portfolio) with 0.62%.
The guru trimmed 19.73% off his Time Warner Inc. (TWX, Financial) stake, impacting the portfolio by -0.2%.
The media giant, which owns television networks like HBO and CNN, has a market cap of $72.27 billion and an enterprise value of $92.83 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 19.92% and ROA of 8.08% are outperforming 79% of companies in the Global Media – Diversified industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.08 is below the industry median of 1.39.
The company's largest shareholder among the gurus is Dodge & Cox with 2.67% of outstanding shares, followed by Seth Klarman (Trades, Portfolio) with 1.04%, Steven Cohen (Trades, Portfolio) with 0.79% and Pioneer Investments with 0.69%.
Gabelli reduced his Orbital ATK Inc. (OA, Financial) holding by 34.17%. The trade had an impact of -0.12% on the portfolio.
The aerospace and defense company has a market cap of $7.72 billion and an enterprise value of $9.12 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The ROE of 17.63% and ROA of 6.24% are outperforming 70% of companies in the Global Aerospace and Defense industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.53.
First Eagle Investment (Trades, Portfolio) is the company's largest guru shareholder with 7.8% of outstanding shares, followed by NWQ Managers (Trades, Portfolio) with 0.68% and Gabelli with 0.48%.
The Chemed Corp. (CHE, Financial) holding was reduced by 13.85%, impacting the portfolio by -0.11%.
The company, which, through its subsidiaries, provides palliative care services, has a market cap of $5.17 billion and an enterprise value of $5.3 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROA of 22.86% and ROE of 12.52% are outperforming 82% of companies in the Global Medical Care industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.10 is below the industry median of 0.28.
The largest guru shareholder of the company is Ken Fisher (Trades, Portfolio) with 3.36% of outstanding shares, followed by Gabelli with 2.69% and Simons with 0.34%.
Gabelli cut his Churchill Downs Inc. (CHDN, Financial) position by 32.60%. The trade had an impact of -0.1% on the portfolio.
The gambling company, which operates the Churchill Downs racetrack, has a market cap of $3.78 billion and an enterprise value of $4.46 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 54.34% and ROA of 14.56% are outperforming 75% of companies in the Global Gambling industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.23 is below the industry median of 0.78.
With 1.06% of outstanding shares, Gabelli is the company's largest guru shareholder, followed by George Soros (Trades, Portfolio) with 0.87% and Greenblatt with 0.08%.
Disclosure: I do not own any stocks mentioned in this article.
