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Tiziano Frateschi
Tiziano Frateschi
Articles (2650)  | Author's Website |

Fairfax Financial Exits Six Flags, WABCO

Firm's largest sales of the 2nd quarter

Prem Watsa (Trades, Portfolio)'s Fairfax Financial Holdings manages a $1.59 billion equity portfolio composed of 59 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.

Six Flags Entertainment

The fund closed its position in Six Flags Entertainment Corp. (SIX). The trade had an impact of -0.54% on the portfolio.

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The company, which operates theme parks worldwide, has a market cap of $1.67 billion and an enterprise value of $4.20 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on assets of -1.82% is outperforming 60% of companies in the travel and leisure industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.11 is below the industry median of 0.44.

The largest guru shareholder of the company is Joel Greenblatt (Trades, Portfolio)'s Gotham Asset Management with 0.03% of outstanding shares.

Ra Pharmaceuticals

The fund's Ra Pharmaceuticals Inc. (RARX) position was closed. The portfolio was impacted by -0.14%.

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The clinical-stage biopharmaceutical company has a market cap of $2.27 billion and an enterprise value of $2.10 billion.

The return on equity is-45.52% and the return on assets is -42.55%. The cash-debt ratio of 52.77 is far above the industry median of 8.83.

WABCO

The fund exited its position in WABCO Holdings Inc. (WBC). The portfolio was impacted by -0.08%.

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The company, which produces car and truck safety and efficiency technologies, has a market cap of $7.01 billion and an enterprise value of $7.37 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 14.19% and return on assets of 4.65% are outperforming 100% of companies in the vehicles and parts industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.7 is above the industry median of 0.48.

ForeScout

The fund closed its ForeScout Technologies Inc. (FSCT) holding, impacting the portfolio by -0.04%.

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The company has a market cap of $1.44 billion and an enterprise value of $1.42 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of -173.67% and return on assets of -36.34% are underperforming 94% of companies in the software industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 1.44 is above the industry median of 2.14.

The largest guru shareholder is PRIMECAP Management (Trades, Portfolio) with 0.76% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.13%.

Restaurant Brands

The investment fund curbed its holding of Restaurant Brands International Inc. (QSR) by 22.99%. The portfolio was impacted by -0.03%.

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The company has a market cap of $16.43 billion and an enterprise value of $30.76 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 27.57% and return on assets of 2.78% are outperforming 73% of companies in the restaurants industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.11 is below the industry median of 0.36.

The largest guru shareholder is Bill Ackman (Trades, Portfolio) with 8.29% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.46% and First Eagle Investment (Trades, Portfolio) with 0.15%.

Callaway Golf

The investment fund closed its Callaway Golf Co. (ELY) position. The trade had an impact of -0.03% on the portfolio.

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The company, which manufactures golf clubs, has a market cap of $1.77 billion and an enterprise value of $2.50 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -18.55% and return on assets of -7.20% are underperforming 78% of companies in the travel and leisure industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.18 is below the industry median of 0.44.

The largest guru shareholder of the company is Jana Partners (Trades, Portfolio) with 4.93% of outstanding shares, followed by Ken Fisher (Trades, Portfolio)'s firm with 2.49%, Pioneer Investments (Trades, Portfolio) with 1.17% and Steven Cohen (Trades, Portfolio)'s Point72 Asset Management with 0.38%.

KKR

The investment fund reduced its holding in KKR & Co. Inc. (KKR) by 16.67%. The portfolio was impacted by -0.02%.

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The investment firm has a market cap of $30.23 billion and enterprise value of $75.33 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 1.66% and return on assets of 0.34% are underperforming 57% of companies in the asset management industry. Its financial strength is rated 2 out of 10 with a cash-debt ratio of 0.13.

The largest guru shareholder of the company is ValueAct Holdings LP (Trades, Portfolio) with 8.05% of outstanding shares, followed by Chuck Akre (Trades, Portfolio) with 1.74% and Diamond Hill Capital (Trades, Portfolio) with 1.37%.

Disclosure: I do not own any stocks mentioned.

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About the author:

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

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