NWQ Managers

NWQ Managers

Last Update: 10-10-2017

Number of Stocks: 194
Number of New Stocks: 17

Total Value: $7,230 Mil
Q/Q Turnover: 9%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

NWQ Managers Watch

  • Delta Profits Despite Impact From Hurricanes

    Delta Air Lines Inc. (NYSE:DAL) reported its results for the third quarter before the opening bell on Oct. 11.


    The Atlanta-based airline posted earnings per share of $1.57, which topped estimates of $1.53 but declined 8% year over year. Quarterly revenue of $11.06 billion beat expectations of $11.03 billion and increased 6% from the prior-year quarter.

      


  • NWQ Investments Comments on RenaissanceRe Holdings

    RenaissanceRe Holdings (NYSE:RNR), a global provider of reinsurance and insurance, is also a new position in the portfolio. We believe RNR is a world- leading franchise and value creator, and a decade ahead of peers in transforming into a capital light “asset manager” of catastrophe risk, which is unrecognized in RNR’s stock price. The company’s gradual move towards being an asset manager (higher multiple) versus pure underwriter (low multiple) accelerated in 2016, and we believe is significantly underestimated by the investment community. We believe RenaissanceRe remains a great example of a well-managed business with an attractive risk/reward.


    From NWQ Large Cap Fund's 2nd quarter commentary.

      


  • NWQ Investments Comments on Delta Airlines

    We also initiated a position in Delta Airlines (NYSE:DAL) following the stock's relative underperformance this year. We view Delta as a best-in-class airline, with an irreplicable hub-and-spoke model centered by their Atlanta hub. The company's underperformance stems from its exposure to transatlantic routes, an area where competitive dynamics are likely to persist. While this will be a headwind, we believe Delta is well-positioned to outperform peers on the domestic front, and their investment grade balance sheet and strong free cash flow generation should allow for a meaningful return of capital to shareholders. With the company trading at a discount to legacy peers for the first time in a multi-year period, we believe the stock is setup well going forward. Delta’s stock has appreciated meaningfully since our investment.


    From NWQ Large Cap Fund's 2nd quarter commentary.

      


  • NWQ Investments Comments on Coca-Cola

    We purchased Coca-Cola (NYSE:KO) stock following weakness in its share price. The stock has underperformed the broader staples index over the last five years as earnings have modestly declined largely due to foreign exchange headwinds and slowing emerging markets (particularly Mexico, Brazil and China). While there has been a shift away from carbonated soft drinks (CSDs), particularly in developed markets, KO has been able to compensate with pricing as well ‐as growth in its non-CSDs segment, which has driven 2 3% organic revenue growth on a foreign exchange neutral basis. Going forward, two core catalysts will be 1) top line acceleration from refranchising, abating foreign exchange headwinds and the potential for an acceleration in emerging markets, and 2) meaningful margin expansion from refranchising and a massive cost savings program. Additionally, we are optimistic regarding the company’s new management and its restructuring plan. We believe the incoming CEO, James Quincey, is more focused on transitioning the company over time away from CSDs and changing the culture to focus on how KO should evolve over the next decade.


    From NWQ Large Cap Fund's 2nd quarter commentary.

      


  • NWQ Large Cap Value Fund 2nd Quarter Commentary

    MARKET COMMENTARY

      


  • Activist Hedge Fund Takes Stake in EQT

    After EQT Corp. (NYSE:EQT) announced its plans to acquire Rice Energy Inc. (NYSE:RICE) on June 19, hedge fund Jana Partners (Trades, Portfolio) took a nearly 5% stake in the energy company in an attempt to derail the $6.7 billion deal.


    According to The Wall Street Journal, the activist hedge fund had been buying EQT stock before the announcement and was blindsided.

      


  • EQT Buys Rice Energy for $6.7 Billion

    After an extended period of depressed oil and gas prices, energy companies EQT Corp. (NYSE:EQT) and Rice Energy Inc. (NYSE:RICE) announced June 19 they have agreed to merge.


    Under the terms of the deal, EQT will buy all of Rice’s outstanding shares for $6.7 billion and assume $1.5 billion in net debt and preferred equity. Rice shareholders will receive 0.37 shares of EQT stock and $5.30 per share in cash.

      


  • NWQ Managers Sells Pfizer, Viacom, Edison

    NWQ Managers (Trades, Portfolio) is a value-oriented money management firm with several funds products and more than $54 billion under management. During the first quarter the guru sold shares in the following stocks:


    The firm closed its position in PrivateBancorp Inc. (PVTB) with an impact of -0.83% on the portfolio.

      


  • Texas Capital Bancshares Insider Invests in Company

    Keith Cargill, president and CEO of Texas Capital Bancshares Inc. (NASDAQ:TCBI), purchased 5,000 shares of the company on April 21 according to SEC filings.


    Cargill now owns 77,286 shares of the company.

      


  • 7 Rising Stocks That Are Still Undervalued

    According to the GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months.


    Banco Bilbao Vizcaya Argentaria SA ADR (BBVA) is trading around $7.39 per share. The Peter Lynch value gives the stock a fair price of $11.73 so the stock is undervalued with a margin of safety of 36%. The stock started its positive upward trend 12 weeks ago; it now registers a positive performance of 14.8%.

      


  • Ronald Muhlenkamp Gains 4 New Holdings, Sells 2 Others

    Ronald Muhlenkamp (Trades, Portfolio), the founder and portfolio manager of Muhlenkamp & Co. Inc., established four new holdings and exited two others in the final quarter of 2016.


    Muhlenkamp established his firm in 1977 in Wexford, Pennsylvania. The firm seeks to maximize total returns through capital appreciation and income from dividends and interest. He invests in highly profitable companies selling at a good value based on the price-earnings (P/E) ratio and return on equity (ROE).

      


  • Low P/E Stocks Gurus Are Buying

    Here are six stocks gurus are buying that are trading with low price-earnings (P/E) ratios. Some of them are great investments; others need a double check, according to the DCF calculator.


    GameStop Corp. Class A (GME) with a market cap of $2.49 billion is trading with a P/E ratio of 6.57 and a price-sales (P/S) ratio of 0.28. According to the DCF calculator the stock has a fair value of $39.81 while trading at about $24.49. The price has dropped by 9% during the last 12 months and is now 27.37% below its 52-week high and 21.84% above its 52-week low.

      


  • 7 Cheap Stocks Based on Price-Sales

    According to the GuruFocus All-in-One Screener, the following stocks with market caps above $5 billion look cheap since they are trading with low price-sales (P/S) ratios.


    Maxim Integrated Products Inc. (NASDAQ:MXIM) is trading at about $41 per share with a P/S ratio of 5.46, a trailing 12-month price-earnings (P/E) multiple of 27.41 and an estimated forward P/E multiple of 20.49. The company has a market cap of $11.72 billion, and the stock price has risen at an annualized rate of 5% over the last 10 years.

      


  • Undervalued Stocks With Low P/E Ratios

    Here are eight stocks gurus are buying that are trading with low price-earnings (P/E) ratios. Most of them are greatly undervalued, according to the DCF calculator.


    Toyota Motor Corp. ADR (TM) with a market cap of $197.63 billion is trading with a P/E ratio of 10.55 and a price-sales (P/S) ratio of 0.77. According to the DCF calculator the stock has a fair value of $124.7 while trading at about $118 with a margin of safety of 5%. The price has risen 3% during the last 12 months and is now 3.87% below its 52-week high and 21.07% above its 52-week low.

      


  • 8 Cheap Stocks With Low P/E Ratios

    Here are eight stocks gurus are buying that are trading with low price-earnings (P/E) ratios. Most of them are greatly undervalued, according to the DCF calculator.


    Assured Guaranty Ltd. (AGO) with a market cap of $5.09 billion is trading with a P/E ratio of 4.9 and a price-sales (P/S) ratio of 2.75. According to the DCF calculator the stock has a fair value of $86.36 while trading at about $39 with a margin of safety of 55%. The price has risen 61% during the last 12 months and is now 1.14% below its 52-week high and 79.26% above its 52-week low.

      


  • EU Supports Joint Operation of Illicit Cigarette Tracking by Tobacco Companies, 3rd Parties

    According to the findings of research commissioned by the European Union that was publicized by health charity Ash (Action on Smoking and Health) through a Financial Times article, an extensive European system that tracks illicit cigarettes should be operated by tobacco manufacturers and independent third parties.


    The system is designed to block illegal activities involving cigarette counterfeiting and smuggling. It should start by May of 2019.

      


  • Transplant Patients Show Improvement With Imbruvica

    AbbVie Inc. (NYSE:ABBV) announced Tuesday through PR Newswire that results indicate ibrutinib (trade name Imbruvica), a type of chemotherapy drug for the treatment of patients suffering from “chronic graft-versus-host disease (cGVHD),” is effective and safe.


    Previously, these patients underwent a “systemic therapy” based on “high dose glucocorticoids” that were unsuccessful, the company said.

      


  • 8 Uncommon Stocks NWQ Managers Is Buying

    NWQ Managers (Trades, Portfolio) is a value-oriented money management firm with several funds products and more than $54 billion under management. In both the second and third quarters the guru bought shares in the following stocks:


    Total SA ADR (TOT)

      


  • Leukemia Treatment Achieves Promising Results

    Juno Therapeutics Inc. (NASDAQ:JUNO) communicated through the Business Wire on Dec. 3 that the results from the study undertaken in patients affected with lymphocytic leukemia (CLL) and treated with JCAR014 were promising.


    The results were presented by the biopharmaceutical company during the 58th American Society of Hematology (ASH) Annual Meeting.

      


  • NWQ Managers' Top 10 New Buys

    NWQ Managers (Trades, Portfolio), which had double-digit returns in 2013 and 2014 that matched or exceeded the Standard & Poor’s 500, made 52 new buys in the third quarter. The following are the guru’s top 10 new purchases:

    NWQ bought 1,534,198 shares of Electronics for Imaging Inc. (NASDAQ:EFII), a California-based digital imaging company, for an average price of $45.73 per share. The transaction had a 1.09% impact on the portfolio.  


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