1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Tiziano Frateschi
Tiziano Frateschi
Articles (2471)  | Author's Website |

FPA Capital Fund Exits Avnet, Cision

Fund's largest sales of the 4th quarter

The FPA Capital Fund (Trades, Portfolio) sold shares of the following stocks during the fourth quarter.

Avnet

The fund sold out of Avnet Inc. (NASDAQ:AVT). The portfolio was impacted by -3.19%.

14c97f34a5e56eebcbc28f1eb529e028.png

The company, which distributes electronic components, software and hardware for data center infrastructure, has a market cap of $4.27 billion and an enterprise value of $5.73 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 3.13% and return on assets of 1.48% are outperforming 58% of companies in the hardware industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.31 is below the industry median of 1.19.

The largest guru shareholder of the company is Richard Pzena (Trades, Portfolio) with 7.02% of outstanding shares, followed by Hotchkis & Wiley with 2.54%, Diamond Hill Capital (Trades, Portfolio) with 1.05% and Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.76%.

Cision

The Cision Ltd. (NYSE:CISN) position was closed, impacting the portfolio by -2.96%.

9d2f61ef39315ba086d10ee76e5cbafc.png

The media communication technology and analytics company has a market cap of $1.48 billion and an enterprise value of $2.74 billion.

The return on equity of -1.21% and return on assets of -0.24% are underperforming 63% of companies in the software industry. The cash-debt ratio of 0.07 is far below the industry median of 2.19.

The largest guru shareholder of the company is Ron Baron (Trades, Portfolio) with 4.04% of outstanding shares, followed by Alan Fournier (Trades, Portfolio) with 1.01%, First Pacific Advisors (Trades, Portfolio) with 0.36%, Paul Singer (Trades, Portfolio) with 0.11% and Joel Greenblatt (Trades, Portfolio) with 0.10%.

Frank's International

The fund exited the Frank's International NV. (NYSE:FI) holding, impacting the portfolio by -1.92%.

19440f6a5fcdbc78d99384b31b47106c.png

The oilfield services company has a market cap of $924.56 million and an enterprise value of $766.98 million.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -8.21% and return on assets of -7.06% are underperforming 67% of companies in the oil and gas industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 5.78 is far above the industry median of 0.34.

The largest guru shareholder of the company is Hotchkis & Wiley with 8.25% of outstanding shares, followed by First Pacific Advisors with 0.25% and Barrow, Hanley, Mewhinney & Strauss with 0.17%.

Ryder System

The fund sold out of its Ryder System Inc. (NYSE:R) position. The trade had an impact of -1.92% on the portfolio.

c5d88171285c5ab200375fe8204963e8.png

The transportation and supply chain management company has a market cap of $2.98 billion and an enterprise value of $10.73 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 4.81% and return on assets of 0.94% are outperforming 65% of companies in the business services industry. Its financial strength is rated 3 out of 10 with a cash-debt ratio of 0.01.

The company's largest guru shareholders include Pzena with 4.99% of outstanding shares, Simons' firm with 0.11%, First Pacific Advisors with 0.10% and Steven Cohen (Trades, Portfolio) with 0.06%.

Magellan Health

FPA exited its Magellan Health Inc. (NASDAQ:MGLN) position. The portfolio was impacted by -1.70%.

d8945799d3e28afeda2f4b27cd82bfc9.png

The company, which supplies health care management services, has a market cap of $1.90 billion and an enterprise value of $1.88 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 0.56% and return on assets of 0.24% are underperforming 90% of companies in the health care plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.02 is slightly above the industry median of 1.0.

The largest guru shareholder of the company is Simons’ firm with 2.59% of outstanding shares, followed by Richard Snow (Trades, Portfolio) with 1.94%, First Pacific Advisors with 0.16% and Greenblatt with 0.05%.

MKS Instruments

The firm trimmed its position in MKS Instruments Inc. (NASDAQ:MKSI) by 45.74%. The portfolio was impacted by -1.64%.

fa848be9987ca9d80be1c207b695b7ec.png

The manufacturer of instruments, subsystems and process control solutions has a market cap of $6.16 billion and an enterprise value of $6.64 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 8.89% and return on assets of 5.52% are outperforming 63% of companies in the hardware industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.5 is below the industry median of 1.19.

The largest guru shareholder of the company is Chuck Royce (Trades, Portfolio) with 2.17% of outstanding shares, followed by Fisher with 1.52% and Cohen with 0.95%.

Arrow Electronics

The fund reduced its position in Arrow Electronics Inc. (NYSE:ARW) by 33.72%. The portfolio was impacted by -1.60%.

39ccfa3e03521e4ef949762b42863e76.png

The company, which provides semiconductors, electronic components and data center infrastructure hardware, has a market cap of $6.85 billion and an enterprise value of $9.94 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -1.68% and return on assets of -0.51% are underperforming 70% of companies in the hardware industry. Its financial strength is rated 5 out of 10 with a cash-debt ratio of 0.08.

The company's largest guru shareholders include Pzena with 0.35%, First Pacific Advisors with 0.11% and the FPA Capital Fund with 0.06%.

Disclosure: I do not own any stocks mentioned.

Read more here:

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:



Performances of the stocks mentioned by Tiziano Frateschi


User Generated Screeners


pjmason14Momentum
pascal.van.garsseHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)