Richard Snow (Trades, Portfolio)'s Snow Capital Management, L.P. manages a $481 million equity portfolio composed of 143 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.
Facebook Inc.
The fund closed its position in Facebook Inc. (FB). The trade had an impact of -1.87% on the portfolio.
The social network has a market cap of $744.40 billion and an enterprise value of $696.69 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 22.03% and return on assets of 16.83% are outperforming 84% of companies in the interactive media industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 5.83 is above the industry median of 4.25.
The largest guru shareholder of the company is Chase Coleman (Trades, Portfolio)'s Tiger Global Management with 0.31% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.21%, Spiros Segalas (Trades, Portfolio) with 0.17% and Frank Sands (Trades, Portfolio) with 0.19%.
Magellan
The fund reduced its Magellan Health Inc. (MGLN) holding by 93.2%. The portfolio was impacted by -1.90%.
The healthcare management services provider has a market cap of $1.92 billion and an enterprise value of $2.48 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 10.16% and return on assets of 4.52% are underperforming 52% of companies in the healthcare plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.22 is below the industry median of 0.56.
The largest guru shareholder of the company is Steven Cohen (Trades, Portfolio)'s Point72 Asset Management with 4.21% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 3.01% and HOTCHKIS & WILEY with 0.26%.
II-VI
The fund sold 93.42% of its position in II-VI Inc. (IIVI). The portfolio was impacted by -1.81%.
The company, which operates in laser solutions, photonics and performance products, has a market cap of $4.76 billion and an enterprise value of $6.64 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -3.56% and return on assets of -1.47% are underperforming 74% of companies in the hardware industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.21 is far below the industry median of 1.33.
The largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 1.45% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.30% and Pioneer Investments (Trades, Portfolio) with 0.23%.
Ishares Trust
The fund closed its Ishares Trust (IWM) holding, impacting the portfolio by -1.45%.
Biogen Inc.
The investment fund trimmed its holding in Biogen Inc. (BIIB) by 44.26%. The trade had an impact of -1.40% on the portfolio.
The company has a market cap of $45.80 billion and an enterprise value of $49.29 billion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 46.2% and return on assets of 22.34% are outperforming 97% of companies in the drug manufacturers industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.55 is above the industry median of 0.87.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 9.87% of outstanding shares, followed by Simons with 2.47% and Vanguard Health Care Fund (Trades, Portfolio) with 2.35%.
Starbucks
The investment fund exited its holding in Starbucks Corp. (SBUX). The trade had an impact of -0.91% on the portfolio.
The company, which sells coffee, espresso, teas, cold blended beverages, food and accessories, has a market cap of $92.47 billion and an enterprise value of $113.99 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on assets of 5.38% is outperforming 83% of companies in the restaurants industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.16 is below the industry median of 0.35.
The largest guru shareholder is Bill Ackman (Trades, Portfolio) with 0.87% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.67%.
Centene
The investment fund reduced its Centene Corp. (CNC) position by 17.19%. The trade had an impact of -0.56% on the portfolio.
The healthcare plans provider bank has a market cap of $37.17 billion and an enterprise value of $39.73 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 9.09% and return on assets of 3.18% are outperforming 70% of companies in the healthcare plans industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 0.85%.
The largest guru shareholder of the company is Andreas Halvorsen (Trades, Portfolio) with 2.78% of outstanding shares, followed by Vanguard Health Care Fund (Trades, Portfolio) with 1.65% and Cohen with 0.33%.
Disclosure: I do not own any stocks mentioned.
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