Jeff Ubben (Trades, Portfolio)’s ValueAct Holdings, L.P. sold shares of the following stocks during the fourth quarter of 2019.
Alliance Data Systems
The guru trimmed the Alliance Data Systems Corp. (ADS) position by 91.1%. The portfolio was impacted by -4.67%.
The provider of loyalty programs has a market cap of $4.75 billion and an enterprise value of $11.33 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. While the return on equity of 15.42% is outperforming the sector, return on assets of 1.08% is underperforming 63% of companies in the credit services industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.37 is above the industry median of 0.24.
Steven Cohen (Trades, Portfolio)’s Point72 Asset Management is the largest guru shareholder with 3.32% of outstanding shares, followed by Ubben with 0.72% and Jerome Dodson (Trades, Portfolio) with 0.52%.
Morgan Stanley
The investor curbed his Morgan Stanley (MS) position by 32.58%. The portfolio was impacted by -3.34%.
The global investment bank has a market cap of $86.33 billion and an enterprise value of $240 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 10.54% is outperforming the sector, the return on assets of 1.03% is underperforming 52% of companies in the capital markets industry. Its financial strength is rated 2 out of 10. The equity-asset ratio of 0.09 is below the industry median of 0.51.
Ubben is the largest guru shareholder with 0.94% of outstanding shares, followed by Richard Pzena (Trades, Portfolio) with 0.55% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.49%.
Citigroup
Ubben cut his Citigroup Inc. (C) holding by 3.57%. The portfolio was impacted by -0.75%.
The financial services company has a market cap of $164.77 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 9.42% and the return on assets of 0.99% are underperforming 51% of companies in the banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.66 is below the industry median of 1.15.
The largest guru shareholder of the company is Ubben with 1.28% of outstanding shares, followed by HOTCHKIS & WILEY with 0.48% and Diamond Hill Capital (Trades, Portfolio) with 0.43%.
KKR & Co.
The guru curbed his KKR & Co.Inc. (KKR) position by 4.81%. The trade had an impact of -0.67% on the portfolio.
The private-equity firm has a market cap of $28.60 billion and an enterprise value of $72.75 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 20.21% and return on assets of 3.6% are outperforming 61% of companies in the asset management industry. Its financial strength is rated 3 out of 10 with a cash-debt ratio of 0.12.
The company's largest guru shareholders include Ubben with 5.35% of outstanding shares, Chuck Akre (Trades, Portfolio) with 1.49% and Diamond Hill Capital (Trades, Portfolio) with 1.17%.
Arcosa
The investor closed his Arcosa Inc. (ACA) position. The portfolio was impacted by -0.58%.
The company has a market cap of $2.20 billion and an enterprise value of $2.18 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 7.21% is underperforming the sector, the return on assets of 5.81% is outperforming 73% of companies in the construction industry. Its financial strength is rated 8 out of 10 with a cash-debt ratio of 1.19.
The largest guru shareholders of the company are Chuck Royce (Trades, Portfolio) with 2.26% of outstanding shares, Yacktman Asset Management (Trades, Portfolio) with 0.87% and Mario Gabelli (Trades, Portfolio)’s GAMCO Investors with 0.46%.
PG&E
Ubben exited his PG&E Corp. (PCG) position. The portfolio was impacted by -0.16%.
The holding company has a market cap of $9.33 billion and an enterprise value of $11.79 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -76.95% and return on assets of -9.22% are underperforming 98% of companies in the utilities industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.42 is above the industry median of 0.24.
Other guru shareholders of the company include David Abrams (Trades, Portfolio) with 4.72% of outstanding shares, Seth Klarman (Trades, Portfolio)’s The Baupost Group with 3.57% and David Tepper (Trades, Portfolio)’s Appaloosa with 3.29%.
Parsons
The investor exited the Parsons Corp. (PSN) position. The portfolio was impacted by -0.11%.
The company has a market cap of $4.30 billion and an enterprise value of $4.68 billion.
GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on assets of 2.44% are underperforming 57% of companies in the industrial products industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.28.
Disclosure: I do not own any stocks mentioned.
Read more here:
- Paul Todor Jones' Firm Buys Caesars Entertainmnet, Audentes Therapeutics
- Lee Ainslie Cuts Ownes-Corning, Microsoft
- David Rolfe's Firm Cuts Apple, Visa
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
