Contrarius Investment Management Ltd Buys Expedia Group Inc, Ambev SA, Signet Jewelers, Sells Transocean, Abercrombie & Fitch Co, Diamond Offshore Drilling Inc

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Aug 06, 2020
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St. Helier, Y9, based Investment company Contrarius Investment Management Ltd (Current Portfolio) buys Expedia Group Inc, Ambev SA, Signet Jewelers, Fox Corp, ViacomCBS Inc, sells Transocean, Abercrombie & Fitch Co, Diamond Offshore Drilling Inc, Teck Resources, Dell Technologies Inc during the 3-months ended 2020Q2, according to the most recent filings of the investment company, Contrarius Investment Management Ltd. As of 2020Q2, Contrarius Investment Management Ltd owns 61 stocks with a total value of $1.1 billion. These are the details of the buys and sells.

For the details of Contrarius Investment Management Ltd's stock buys and sells, go to https://www.gurufocus.com/guru/contrarius+investment+management+ltd/current-portfolio/portfolio

These are the top 5 holdings of Contrarius Investment Management Ltd
  1. Bed Bath & Beyond Inc (BBBY) - 10,212,565 shares, 10.23% of the total portfolio. Shares reduced by 17.1%
  2. ViacomCBS Inc (VIAC) - 3,279,926 shares, 7.23% of the total portfolio. Shares added by 58.63%
  3. The Michaels Companies Inc (MIK) - 10,193,578 shares, 6.81% of the total portfolio. Shares added by 21.46%
  4. Teck Resources Ltd (TECK) - 6,554,715 shares, 6.45% of the total portfolio. Shares reduced by 31.9%
  5. Macy's Inc (M) - 9,236,039 shares, 6.00% of the total portfolio. Shares reduced by 12.52%
New Purchase: Expedia Group Inc (EXPE)

Contrarius Investment Management Ltd initiated holding in Expedia Group Inc. The purchase prices were between $47.86 and $93.99, with an estimated average price of $72.4. The stock is now traded at around $83.52. The impact to a portfolio due to this purchase was 3.96%. The holding were 509,961 shares as of .

New Purchase: Ambev SA (ABEV)

Contrarius Investment Management Ltd initiated holding in Ambev SA. The purchase prices were between $1.94 and $3, with an estimated average price of $2.36. The stock is now traded at around $2.46. The impact to a portfolio due to this purchase was 3.78%. The holding were 15,170,031 shares as of .

New Purchase: Fox Corp (FOXA)

Contrarius Investment Management Ltd initiated holding in Fox Corp. The purchase prices were between $22.3 and $32.48, with an estimated average price of $26.95. The stock is now traded at around $25.17. The impact to a portfolio due to this purchase was 2.94%. The holding were 1,160,392 shares as of .

New Purchase: TripAdvisor Inc (TRIP)

Contrarius Investment Management Ltd initiated holding in TripAdvisor Inc. The purchase prices were between $15.59 and $25.49, with an estimated average price of $19.07. The stock is now traded at around $21.15. The impact to a portfolio due to this purchase was 2.56%. The holding were 1,423,496 shares as of .

New Purchase: Sabre Corp (SABR)

Contrarius Investment Management Ltd initiated holding in Sabre Corp. The purchase prices were between $4.29 and $10.35, with an estimated average price of $7.07. The stock is now traded at around $8.14. The impact to a portfolio due to this purchase was 2.26%. The holding were 2,964,074 shares as of .

New Purchase: AMC Networks Inc (AMCX)

Contrarius Investment Management Ltd initiated holding in AMC Networks Inc. The purchase prices were between $20.58 and $34.23, with an estimated average price of $26.19. The stock is now traded at around $24.15. The impact to a portfolio due to this purchase was 1.06%. The holding were 479,662 shares as of .

Added: Signet Jewelers Ltd (SIG)

Contrarius Investment Management Ltd added to a holding in Signet Jewelers Ltd by 323.16%. The purchase prices were between $6.17 and $16.87, with an estimated average price of $9.81. The stock is now traded at around $12.13. The impact to a portfolio due to this purchase was 3.29%. The holding were 4,438,371 shares as of .

Added: ViacomCBS Inc (VIAC)

Contrarius Investment Management Ltd added to a holding in ViacomCBS Inc by 58.63%. The purchase prices were between $12.43 and $28.51, with an estimated average price of $19.16. The stock is now traded at around $27.29. The impact to a portfolio due to this purchase was 2.67%. The holding were 3,279,926 shares as of .

Added: Sinclair Broadcast Group Inc (SBGI)

Contrarius Investment Management Ltd added to a holding in Sinclair Broadcast Group Inc by 63.32%. The purchase prices were between $12.25 and $24.89, with an estimated average price of $17.31. The stock is now traded at around $20.57. The impact to a portfolio due to this purchase was 2.04%. The holding were 3,018,506 shares as of .

Added: Coty Inc (COTY)

Contrarius Investment Management Ltd added to a holding in Coty Inc by 110.86%. The purchase prices were between $3.25 and $6.29, with an estimated average price of $4.86. The stock is now traded at around $3.94. The impact to a portfolio due to this purchase was 1.41%. The holding were 6,350,655 shares as of .

Added: The Michaels Companies Inc (MIK)

Contrarius Investment Management Ltd added to a holding in The Michaels Companies Inc by 21.46%. The purchase prices were between $1.55 and $8.74, with an estimated average price of $3.85. The stock is now traded at around $8.32. The impact to a portfolio due to this purchase was 1.2%. The holding were 10,193,578 shares as of .

Added: Dine Brands Global Inc (DIN)

Contrarius Investment Management Ltd added to a holding in Dine Brands Global Inc by 44.41%. The purchase prices were between $20.39 and $63.65, with an estimated average price of $40.18. The stock is now traded at around $48.14. The impact to a portfolio due to this purchase was 0.14%. The holding were 110,929 shares as of .

Sold Out: Transocean Ltd (RIG)

Contrarius Investment Management Ltd sold out a holding in Transocean Ltd. The sale prices were between $0.84 and $3.75, with an estimated average price of $1.54.

Sold Out: Diamond Offshore Drilling Inc (DOFSQ)

Contrarius Investment Management Ltd sold out a holding in Diamond Offshore Drilling Inc. The sale prices were between $0.19 and $1.83, with an estimated average price of $0.62.

Sold Out: Dell Technologies Inc (DELL)

Contrarius Investment Management Ltd sold out a holding in Dell Technologies Inc. The sale prices were between $36.44 and $54.94, with an estimated average price of $44.2.

Sold Out: News Corp (NWSA)

Contrarius Investment Management Ltd sold out a holding in News Corp. The sale prices were between $8.18 and $13.36, with an estimated average price of $10.66.

Sold Out: Valaris PLC (VAL)

Contrarius Investment Management Ltd sold out a holding in Valaris PLC. The sale prices were between $0.32 and $2.19, with an estimated average price of $0.56.

Sold Out: Affiliated Managers Group Inc (AMG)

Contrarius Investment Management Ltd sold out a holding in Affiliated Managers Group Inc. The sale prices were between $55.36 and $81.72, with an estimated average price of $67.4.



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