Third Avenue Management, led by its founder and chairman Martin Whitman, seeks safe and cheap investments. They manage 4 mutual funds, and all of them have achieved outstanding returns. These are their buys and sells during the third quarter.
Third Avenue Management buys Alliance Data Systems Corp., Ceridian Corp., Newmont Mining Corp., RAIT Financial Trust, EastGroup Properties Inc., Aspen Insurance Holdings Ltd., CBRE Realty Finance Inc., Forest City Enterprises Inc., Resource Capital Corp., Cousins Properties Inc., sells Watson Pharmaceuticals Inc., AbitibiConsolidated Inc., Analogic Corp., The Buckle Inc., DENISON MINES CORP COM NPV, Florida East Coast Industries, Magma Design Automation Inc., Levitt Corp., Sanderson Farms Inc. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Third Avenue Management, LLC. Third Avenue Management owns 186 stocks with a total value of $13.1 billion. These are the details of the buys and sells.
New Purchases: ADS, AHL, CBF, CEN, CUZ, EGP, FCE-B, NEM, RAS, RSO,
Added Positions: BDE, BK, BRNC, COBK, CPHL, CVCO, FCE-A, FDG, FFCO, FPO, GLRE, GOV, HVT, JNC, KRNY, KSWS, LM, LXK, MBI, MDC, MRH, MVC, NBR, PATR, PDC, PFE, PPP, RDN, SM, STLY, USG, WIRE, WLK, XEC,
Reduced Positions: AGU, ANL, CNQ, IRS, ISBC, LF, PSB, RCKB, SCMR, WAUW,
Sold Out: ABY, ALOG, BKE, DNN, LAVA, LEV, SAFM, WPI,
Added: Radian Group Inc. (RDN, Financial)
Third Avenue Management added to his holdings in Property & Casualty Insurance company Radian Group Inc. by 417.4%. His purchase prices were between $17.23 and $54.98, with an estimated average price of $29.5. The impact to his portfolio due to this purchase was 1.45%. His holdings were 10,189,662 shares as of 09/30/2007.
Radian Group, Inc., through its subsidiaries and affiliates, operates as a credit enhancement company that provides credit protection products and financial services to mortgage lenders and other financial institutions. Radian Group Inc. has a market cap of $784.67 million; its shares were traded at around $10.57 with P/S ratio of 1.26. The dividend yield of Radian Group Inc. stocks is 0.8%.
Added: MBIA Inc. (MBI, Financial)
Third Avenue Management added to his holdings in Property & Casualty Insurance company MBIA Inc. by 63.44%. His purchase prices were between $50.55 and $63.25, with an estimated average price of $59. The impact to his portfolio due to this purchase was 1.21%. His holdings were 6,697,298 shares as of 09/30/2007.
MBIA, Inc., through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants. MBIA Inc. has a market cap of $4.15 billion; its shares were traded at around $34.14 with P/E ratio of 7.92 and P/S ratio of 1.62. The dividend yield of MBIA Inc. stocks is 4%.
Added: Cimarex Energy Co. (XEC, Financial)
Third Avenue Management added to his holdings in Exploration & Production company Cimarex Energy Co. by 39.54%. His purchase prices were between $35.11 and $41.11, with an estimated average price of $37.7. The impact to his portfolio due to this purchase was 0.69%. His holdings were 8,637,368 shares as of 09/30/2007.
Cimarex Energy Co. operates as an independent oil and gas exploration and production company. It primarily operates in Texas, Oklahoma, New Mexico, Louisiana, and the Gulf of Mexico. Cimarex Energy Co. has a market cap of $3.18 billion; its shares were traded at around $39.08 with P/E ratio of 11.77 and P/S ratio of 2.50. The dividend yield of Cimarex Energy Co. stocks is 0.4%.
Added: USG Corp. (USG, Financial)
Third Avenue Management added to his holdings in Building Materials & Fixtures company USG Corp. by 81.58%. His purchase prices were between $36.37 and $49.59, with an estimated average price of $40.7. The impact to his portfolio due to this purchase was 0.63%. His holdings were 4,913,149 shares as of 09/30/2007.
USG Corporation, through its subsidiaries, engages in the manufacture and distribution of building materials worldwide. The company manufactures and markets gypsum and related products in the United States, Canada, and Mexico. USG Corp. has a market cap of $3.6 billion; its shares were traded at around $37.23 with P/E ratio of 16.47 and P/S ratio of 0.70.
Added: The Bank of New York Mellon Corp. (BK, Financial)
Third Avenue Management added to his holdings in Investment Services company The Bank of New York Mellon Corp. by 18.79%. His purchase prices were between $39.51 and $45.65, with an estimated average price of $42.6. The impact to his portfolio due to this purchase was 0.54%. His holdings were 10,138,162 shares as of 09/30/2007.
The Bank of New York Mellon Corporation provides services that enable institutions and individuals to move and manage their financial assets in various markets worldwide. The Bank of New York Mellon Corp. has a market cap of $49.96 billion; its shares were traded at around $45.41 with P/E ratio of 11.54 and P/S ratio of 5.47. The dividend yield of The Bank of New York Mellon Corp. stocks is 2.1%.
Added: Forest City Enterprises Inc. (FCE-A)
Third Avenue Management added to his holdings in Real Estate Holding & Development company Forest City Enterprises Inc. by 5.51%. His purchase prices were between $53.65 and $62.62, with an estimated average price of $56.8. The impact to his portfolio due to this purchase was 0.38%. His holdings were 17,463,110 shares as of 09/30/2007.
Forest City Enterprises, Inc. engages in the ownership, development, management, and acquisition of commercial and residential real estate properties in the United States. Forest City Enterprises Inc. has a market cap of $4.9 billion; its shares were traded at around $57.69 with P/E ratio of 29.57 and P/S ratio of 4.08. The dividend yield of Forest City Enterprises Inc. stocks is 0.6%.
Added: Pioneer Drilling Company (PDC, Financial)
Third Avenue Management added to his holdings in Oil Equipment & Services company Pioneer Drilling Company by 256.56%. His purchase prices were between $11.93 and $14.62, with an estimated average price of $12.9. The impact to his portfolio due to this purchase was 0.32%. His holdings were 4,894,691 shares as of 09/30/2007.
Pioneer Drilling Company, through its subsidiary, Pioneer Drilling Services, Ltd., provides contract land drilling services to oil and gas exploration and production companies in the United States. Pioneer Drilling Company has a market cap of $594.81 million; its shares were traded at around $11.91 with P/E ratio of 9.10 and P/S ratio of 1.39.
Added: Legg Mason Inc. (LM, Financial)
Third Avenue Management added to his holdings in Investment Services company Legg Mason Inc. by 14.69%. His purchase prices were between $79.49 and $101.75, with an estimated average price of $88.8. The impact to his portfolio due to this purchase was 0.24%. His holdings were 2,899,196 shares as of 09/30/2007.
Legg Mason, Inc., an asset management company, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds, and other investment vehicles worldwide. Legg Mason Inc. has a market cap of $9.2 billion; its shares were traded at around $70.04 with P/E ratio of 13.84 and P/S ratio of 2.02. The dividend yield of Legg Mason Inc. stocks is 1.4%.
Added: Nabors Industries Ltd. (NBR, Financial)
Third Avenue Management added to his holdings in Oil Equipment & Services company Nabors Industries Ltd. by 9.81%. His purchase prices were between $27.81 and $32.79, with an estimated average price of $30.6. The impact to his portfolio due to this purchase was 0.23%. His holdings were 10,972,286 shares as of 09/30/2007.
Nabors Industries, Ltd. operates as a land drilling contractor. The company conducts oil, gas, and geothermal land drilling operations in the United States, Alaska, Canada, South and Central America, the Middle East, the Far East, and Africa. Nabors Industries Ltd. has a market cap of $7.59 billion; its shares were traded at around $27.51 with P/E ratio of 8.10 and P/S ratio of 1.56.
Added: Lexmark International Inc. (LXK, Financial)
Third Avenue Management added to his holdings in Computer Hardware company Lexmark International Inc. by 75.92%. His purchase prices were between $36.19 and $49.4, with an estimated average price of $40.2. The impact to his portfolio due to this purchase was 0.22%. His holdings were 1,645,065 shares as of 09/30/2007.
Lexmark International, Inc. engages in the development, manufacture, and supply of printing and imaging solutions for offices and homes. Its products include laser printers, inkjet printers, multifunction devices, and associated supplies, services. Lexmark International Inc. has a market cap of $3.36 billion; its shares were traded at around $36.37 with P/E ratio of 11.76 and P/S ratio of 0.68.
Added: Montpelier Re Holdings Ltd. (MRH)
Third Avenue Management added to his holdings in Property & Casualty Insurance company Montpelier Re Holdings Ltd. by 65.18%. His purchase prices were between $15.4 and $18.38, with an estimated average price of $16.8. The impact to his portfolio due to this purchase was 0.21%. His holdings were 4,014,956 shares as of 09/30/2007.
Montpelier Re Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance and insurance products worldwide. It operates through two segments, Rated Reinsurance and Insurance. Montpelier Re Holdings Ltd. has a market cap of $1.73 billion; its shares were traded at around $17.09 with P/E ratio of 4.68 and P/S ratio of 2.38. The dividend yield of Montpelier Re Holdings Ltd. stocks is 1.8%.
Added: Westlake Chemical Corp. (WLK)
Third Avenue Management added to his holdings in Commodity Chemicals company Westlake Chemical Corp. by 61.67%. His purchase prices were between $24.75 and $29.68, with an estimated average price of $26.7. The impact to his portfolio due to this purchase was 0.21%. His holdings were 2,925,816 shares as of 09/30/2007.
Westlake Chemical Corporation, together with its subsidiaries, engages in the manufacture and marketing of basic chemicals, vinyls, polymers, and fabricated products in North America. Westlake Chemical Corp. has a market cap of $1.24 billion; its shares were traded at around $19.16 with P/E ratio of 11.26 and P/S ratio of 0.44. The dividend yield of Westlake Chemical Corp. stocks is 1%.
Added: Bronco Drilling Company Inc. (BRNC)
Third Avenue Management added to his holdings in Oil Equipment & Services company Bronco Drilling Company Inc. by 44.1%. His purchase prices were between $14.08 and $16.54, with an estimated average price of $15.1. The impact to his portfolio due to this purchase was 0.17%. His holdings were 5,080,927 shares as of 09/30/2007.
Bronco Drilling Company, Inc. provides contract land drilling services to oil and natural gas exploration and production companies in the United States. Bronco Drilling Company Inc. has a market cap of $392.01 million; its shares were traded at around $15.28 with P/E ratio of 8.18 and P/S ratio of 1.31.
Added: Encore Wire Corp. (WIRE)
Third Avenue Management added to his holdings in Electrical Components & Equipment company Encore Wire Corp. by 88.27%. His purchase prices were between $23.48 and $31.16, with an estimated average price of $26.7. The impact to his portfolio due to this purchase was 0.13%. His holdings were 1,476,013 shares as of 09/30/2007.
Encore Wire Corporation manufactures copper electrical building wire and cable in the United States. It supplies residential wire for interior electrical wiring in homes, apartments, and manufactured housing. Encore Wire Corp. has a market cap of $381.08 million; its shares were traded at around $16.76 with P/E ratio of 10.16 and P/S ratio of 0.34. The dividend yield of Encore Wire Corp. stocks is 0.5%.
Added: M.D.C. Holdings Inc. (MDC)
Third Avenue Management added to his holdings in Home Construction company M.D.C. Holdings Inc. by 16.83%. His purchase prices were between $40.68 and $49.74, with an estimated average price of $45.3. The impact to his portfolio due to this purchase was 0.11%. His holdings were 2,521,117 shares as of 09/30/2007.
M.D.C. Holdings, Inc., through its subsidiaries, engages in building and financing homes in the United States. The company has two segments, Homebuilding, and Financial Services and Other. M.D.C. Holdings Inc. has a market cap of $1.49 billion; its shares were traded at around $33.96 with P/S ratio of 0.45. The dividend yield of M.D.C. Holdings Inc. stocks is 2.9%.
Added: St. Mary Land & Exploration Company (SM)
Third Avenue Management added to his holdings in Exploration & Production company St. Mary Land & Exploration Company by 17.24%. His purchase prices were between $32.71 and $36.49, with an estimated average price of $34.6. The impact to his portfolio due to this purchase was 0.11%. His holdings were 2,701,703 shares as of 09/30/2007.
St. Mary Land & Exploration Company and its subsidiaries engage in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States. St. Mary Land & Exploration Company has a market cap of $2.55 billion; its shares were traded at around $41.33 with P/E ratio of 13.01 and P/S ratio of 3.01. The dividend yield of St. Mary Land & Exploration Company stocks is 0.2%.
Added: Fording Canadian Coal Trust Unit of Inco (FDG)
Third Avenue Management added to his holdings in Coal company Fording Canadian Coal Trust Unit of Inco by 12.21%. His purchase prices were between $28.17 and $38.78, with an estimated average price of $33. The impact to his portfolio due to this purchase was 0.1%. His holdings were 2,994,953 shares as of 09/30/2007.
Fording Canadian Coal Trust operates as an open-ended mutual fund in Canada. It owns a 60% interest in Elk Valley Coal Partnership, which produces and sells hard coking coal, a type of metallurgical coal used for making steel. Fording Canadian Coal Trust Unit of Inco has a market cap of $4.83 billion; its shares were traded at around $31.8 with P/E ratio of 13.47 and P/S ratio of 2.97. The dividend yield of Fording Canadian Coal Trust Unit of Inco stocks is 7.5%.
Added: Stanley Furniture Company Inc. (STLY)
Third Avenue Management added to his holdings in Furnishings company Stanley Furniture Company Inc. by 45%. His purchase prices were between $16.08 and $20.53, with an estimated average price of $17.4. The impact to his portfolio due to this purchase was 0.1%. His holdings were 2,609,177 shares as of 09/30/2007.
Stanley Furniture Company, Inc. engages in the design and manufacture of residential wood furniture in the United States. The company's product offerings cover various design categories, including dining room, bedroom, home office, and home entertainment. Stanley Furniture Company Inc. has a market cap of $113.45 million; its shares were traded at around $11.26 with P/E ratio of 22.14 and P/S ratio of 0.41. The dividend yield of Stanley Furniture Company Inc. stocks is 3.5%.
Added: Pfizer Inc (PFE)
Third Avenue Management added to his holdings in Pharmaceuticals company Pfizer Inc by 10.32%. His purchase prices were between $22.95 and $25.3, with an estimated average price of $24.1. The impact to his portfolio due to this purchase was 0.1%. His holdings were 5,553,076 shares as of 09/30/2007.
Pfizer, Inc. engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals in the United States, Europe, Canada, Asia, and Latin America. Pfizer Inc has a market cap of $152.3 billion; its shares were traded at around $22.98 with P/E ratio of 10.55 and P/S ratio of 3.26. The dividend yield of Pfizer Inc stocks is 5%.
Added: KSwiss Inc. (KSWS)
Third Avenue Management added to his holdings in Footwear company KSwiss Inc. by 19.02%. His purchase prices were between $22.26 and $28.76, with an estimated average price of $24.5. The impact to his portfolio due to this purchase was 0.08%. His holdings were 3,039,345 shares as of 09/30/2007.
Kæ˜wiss, Inc., together with its subsidiaries, primarily engages in the design, development, and marketing of athletic footwear for sports use, fitness activities, and casual wear. KSwiss Inc. has a market cap of $618.27 million; its shares were traded at around $17.46 with P/E ratio of 12.84 and P/S ratio of 1.46. The dividend yield of KSwiss Inc. stocks is 1.1%.
Added: Haverty Furniture Companies Inc. (HVT)
Third Avenue Management added to his holdings in Specialty Retailers company Haverty Furniture Companies Inc. by 24.38%. His purchase prices were between $8.7 and $12.33, with an estimated average price of $10.9. The impact to his portfolio due to this purchase was 0.06%. His holdings were 4,874,494 shares as of 09/30/2007.
Haverty Furniture Companies, Inc. and its subsidiaries operate as a residential furniture and accessories retailer. The company's products include living room furniture, bedroom furniture, dining room furniture, bedding, and other accessories. Haverty Furniture Companies Inc. has a market cap of $185.80 million; its shares were traded at around $8.81 with P/E ratio of 70.33 and P/S ratio of 0.24. The dividend yield of Haverty Furniture Companies Inc. stocks is 3.1%.
Added: Cavco Industries Inc. (CVCO)
Third Avenue Management added to his holdings in Home Construction company Cavco Industries Inc. by 53.86%. His purchase prices were between $33.41 and $37.85, with an estimated average price of $35. The impact to his portfolio due to this purchase was 0.05%. His holdings were 508,967 shares as of 09/30/2007.
Cavco Industries, Inc. engages in the design, manufacture, wholesale, and retail of manufactured homes primarily in southwestern United States. It also produces park model homes, as well as camping cabins and commercial structures for various purposes. Cavco Industries Inc. has a market cap of $231.05 million; its shares were traded at around $36.38 with P/E ratio of 31.26 and P/S ratio of 1.59.
Added: First Potomac Realty Trust (FPO)
Third Avenue Management added to his holdings in Real Estate Holding & Development company First Potomac Realty Trust by 27.15%. His purchase prices were between $18.81 and $23.46, with an estimated average price of $20.8. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,398,000 shares as of 09/30/2007.
First Potomac Realty Trust operates as a real estate investment trust (REIT) in the United States. It owns, develops, and operates industrial and flex properties in the Washington, D.C. metropolitan area, as well as in Virginia and Maryland. First Potomac Realty Trust has a market cap of $446.69 million; its shares were traded at around $19.86 with P/E ratio of 614.00 and P/S ratio of 4.02. The dividend yield of First Potomac Realty Trust stocks is 6.8%.
Added: Kearny Financial (KRNY)
Third Avenue Management added to his holdings in Banks company Kearny Financial by 27.31%. His purchase prices were between $11.41 and $13.61, with an estimated average price of $12.8. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,482,965 shares as of 09/30/2007.
Kearny Financial Corp. operates as the holding company for Kearny Federal Savings Bank that provides a range of banking products and services in New Jersey. Kearny Financial has a market cap of $849.09 million; its shares were traded at around $12.11 with P/E ratio of 411.72 and P/S ratio of 18.50. The dividend yield of Kearny Financial stocks is 1.6%.
Added: Patriot Transportation Holding Inc. (PATR)
Third Avenue Management added to his holdings in Trucking company Patriot Transportation Holding Inc. by 84.6%. His purchase prices were between $85.99 and $98.34, with an estimated average price of $91. The impact to his portfolio due to this purchase was 0.03%. His holdings were 73,838 shares as of 09/30/2007.
Patriot Transportation Holding, Inc., through its subsidiaries, offers a range of transportation and real estate products and services in the United States. Patriot Transportation Holding Inc. has a market cap of $276.06 million; its shares were traded at around $90.85 with P/E ratio of 28.75 and P/S ratio of 1.80.
Added: MVC Capital Inc. (MVC)
Third Avenue Management added to his holdings in Nonequity Investment Instruments company MVC Capital Inc. by 46%. His purchase prices were between $15.72 and $18.4, with an estimated average price of $17. The impact to his portfolio due to this purchase was 0.02%. His holdings were 365,000 shares as of 09/30/2007.
MVC Capital, Inc. (MVC) is a publicly traded business development company specializing in acquisition financing, management buyouts, leveraged Buildups, PIPE transactions, going private transactions, private company recapitalizations, turnarounds. MVC Capital Inc. has a market cap of $386.06 million; its shares were traded at around $16.47 with P/E ratio of 4.68 and P/S ratio of 16.10. The dividend yield of MVC Capital Inc. stocks is 2.9%.
Added: GREENLIGHT CAPITAL RE, LTD. (GLRE)
Third Avenue Management added to his holdings in Nonequity Investment Instruments company GREENLIGHT CAPITAL RE, LTD. by 42.62%. His purchase prices were between $19.65 and $23.87, with an estimated average price of $20.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 427,848 shares as of 09/30/2007.
Greenlight Capital Re, Ltd., through its subsidiary, Greenlight Reinsurance, Ltd., provides specialty property and casualty reinsurance services worldwide. GREENLIGHT CAPITAL RE, LTD. has a market cap of $749.12 million; its shares were traded at around $20.92 with P/E ratio of 23.88 and P/S ratio of 6.92.
Added: CASTLEPOINT HLD 144A (CPHL)
Third Avenue Management added to his holdings in Reinsurance company CASTLEPOINT HLD 144A by 37.84%. His purchase prices were between $11 and $14.97, with an estimated average price of $12.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 587,218 shares as of 09/30/2007.
CastlePoint Holdings, Ltd., through its subsidiaries, provides insurance and reinsurance business solutions, as well as a range of products and services to insurance companies and program underwriting agents primarily in the United States. CASTLEPOINT HLD 144A has a market cap of $428.84 million; its shares were traded at around $11 with P/E ratio of 11.73 and P/S ratio of 1.84. The dividend yield of CASTLEPOINT HLD 144A stocks is 0.9%.
Added: FedFirst Financial Corp. (FFCO)
Third Avenue Management added to his holdings in Banks company FedFirst Financial Corp. by 40.38%. His purchase prices were between $8.75 and $9.3, with an estimated average price of $9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 350,805 shares as of 09/30/2007.
FedFirst Financial Corporation operates as the holding company for First Federal Savings Bank that provides various banking services to individual and business customers primarily in southwestern Pennsylvania. FedFirst Financial Corp. has a market cap of $55.74 million; its shares were traded at around $9.05 with P/S ratio of 8.70.
Added: Colonial Bankshares Inc. (COBK)
Third Avenue Management added to his holdings in Banks company Colonial Bankshares Inc. by 127.35%. His purchase prices were between $10.81 and $14.4, with an estimated average price of $12.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 36,890 shares as of 09/30/2007.
Colonial Bankshares, Inc. operates as the holding company for Colonial Bank, FSB, which provides various banking services primarily in Cumberland and Gloucester Counties, New Jersey. Colonial Bankshares Inc. has a market cap of $47.84 million; its shares were traded at around $10.75 with P/E ratio of 31.80 and P/S ratio of 5.08.
Added: Gouverneur Bancorp Inc (GOV)
Third Avenue Management added to his holdings in Banks company Gouverneur Bancorp Inc by 23.87%. His purchase prices were between $10.65 and $11.25, with an estimated average price of $10.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 205,511 shares as of 09/30/2007.
Gouverneur Bancorp, Inc., through its subsidiary, Gouverneur Savings and Loan Association, provides banking services to individuals and businesses in New York. Gouverneur Bancorp Inc has a market cap of $23.69 million; its shares were traded at around $10.3 with P/E ratio of 21.96 and P/S ratio of 4.66. The dividend yield of Gouverneur Bancorp Inc stocks is 3.1%.
Added: Bois d'Arc Energy Inc. (BDE)
Third Avenue Management added to his holdings in Exploration & Production company Bois d'Arc Energy Inc. by 25.91%. His purchase prices were between $16.05 and $19.75, with an estimated average price of $17.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 48,600 shares as of 09/30/2007.
Bois d'Arc Energy, Inc., an independent exploration company, engages in exploration, development, and production of oil and natural gas in the Gulf of Mexico. Bois d'Arc Energy Inc. has a market cap of $1.26 billion; its shares were traded at around $18.92 with P/E ratio of 20.42 and P/S ratio of 3.91.
New Purchase: Alliance Data Systems Corp. (ADS)
Third Avenue Management initiated holdings in Financial Administration company Alliance Data Systems Corp.. His purchase prices were between $72.9 and $78.8, with an estimated average price of $77.1. The impact to his portfolio due to this purchase was 1.19%. His holdings were 2,023,160 shares as of 09/30/2007.
Alliance Data Systems Corporation, together with its subsidiaries, provides transaction, marketing, and credit services in the United States, Canada, and internationally. Alliance Data Systems Corp. has a market cap of $6.13 billion; its shares were traded at around $77.46 with P/E ratio of 37.16 and P/S ratio of 2.76.
New Purchase: Ceridian Corp. (CEN)
Third Avenue Management initiated holdings in Business Support Services company Ceridian Corp.. His purchase prices were between $32.6 and $35.25, with an estimated average price of $34.3. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,259,200 shares as of 09/30/2007.
Ceridian Corporation, an information services company, provides services to the human resource, transportation, and retail markets in the United States, Canada, and the United Kingdom. Ceridian Corp. has a market cap of $ million; its shares were traded at around $35.94 .
New Purchase: Newmont Mining Corp. (NEM)
Third Avenue Management initiated holdings in Gold Mining company Newmont Mining Corp.. His purchase prices were between $39.8 and $47.56, with an estimated average price of $42.6. The impact to his portfolio due to this purchase was 0.28%. His holdings were 827,386 shares as of 09/30/2007.
Newmont Mining Corporation engages in the exploration, acquisition, and production of gold properties in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, New Zealand, and Mexico. Newmont Mining Corp. has a market cap of $22.79 billion; its shares were traded at around $52.09 with P/S ratio of 4.16. The dividend yield of Newmont Mining Corp. stocks is 0.8%.
New Purchase: RAIT Financial Trust (RAS)
Third Avenue Management initiated holdings in Real Estate Holding & Development company RAIT Financial Trust. His purchase prices were between $6.01 and $25.15, with an estimated average price of $12. The impact to his portfolio due to this purchase was 0.21%. His holdings were 3,407,900 shares as of 09/30/2007.
RAIT Investment Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company provides a set of debt financing options to the real estate industry. RAIT Financial Trust has a market cap of $458.81 million; its shares were traded at around $7.79 with P/S ratio of 2.39. The dividend yield of RAIT Financial Trust stocks is 23.6%.
New Purchase: EastGroup Properties Inc. (EGP)
Third Avenue Management initiated holdings in Real Estate Holding & Development company EastGroup Properties Inc.. His purchase prices were between $38.97 and $45.26, with an estimated average price of $42.8. The impact to his portfolio due to this purchase was 0.14%. His holdings were 397,041 shares as of 09/30/2007.
EastGroup Properties, Inc., a real estate investment trust (REIT), engages in the development, acquisition, and operation of industrial properties in the United States. EastGroup Properties Inc. has a market cap of $1.04 billion; its shares were traded at around $45.95 with P/E ratio of 35.30 and P/S ratio of 7.44. The dividend yield of EastGroup Properties Inc. stocks is 4.4%.
New Purchase: Aspen Insurance Holdings Ltd. (AHL)
Third Avenue Management initiated holdings in Property & Casualty Insurance company Aspen Insurance Holdings Ltd.. His purchase prices were between $23.17 and $28.14, with an estimated average price of $25.7. The impact to his portfolio due to this purchase was 0.05%. His holdings were 215,000 shares as of 09/30/2007.
Aspen Insurance Holdings Limited, through its subsidiaries, provides insurance and reinsurance products and services principally in the United Kingdom, Bermuda, and the United States. Aspen Insurance Holdings Ltd. has a market cap of $2.47 billion; its shares were traded at around $28.83 with P/E ratio of 5.81 and P/S ratio of 1.27. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.1%.
New Purchase: CBRE Realty Finance Inc. (CBF)
Third Avenue Management initiated holdings in Real Estate Investment Trusts company CBRE Realty Finance Inc.. His purchase prices were between $4.86 and $12.19, with an estimated average price of $7.3. The impact to his portfolio due to this purchase was 0.02%. His holdings were 500,000 shares as of 09/30/2007.
CBRE Realty Finance, Inc. operates as a commercial real estate specialty finance company. It primarily focuses on originating, acquiring, investing, financing, and managing a diversified portfolio of commercial real estate related loans and securities. CBRE Realty Finance Inc. has a market cap of $211.80 million; its shares were traded at around $7.37 with P/S ratio of 4.94. The dividend yield of CBRE Realty Finance Inc. stocks is 9.2%.
New Purchase: Resource Capital Corp. (RSO)
Third Avenue Management initiated holdings in Real Estate Investment Trusts company Resource Capital Corp.. His purchase prices were between $7.38 and $13.36, with an estimated average price of $10.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 67,900 shares as of 09/30/2007.
Resource Capital Corp., through its subsidiaries, operates as a specialty finance company in the United States. The company focuses primarily on commercial real estate and commercial finance. Resource Capital Corp. has a market cap of $222.56 million; its shares were traded at around $9.18 with P/E ratio of 8.19 and P/S ratio of 1.38. The dividend yield of Resource Capital Corp. stocks is 17.9%.
New Purchase: Cousins Properties Inc. (CUZ)
Third Avenue Management initiated holdings in Real Estate Holding & Development company Cousins Properties Inc.. His purchase prices were between $25.22 and $29.77, with an estimated average price of $27.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 26,500 shares as of 09/30/2007.
Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the United States. Cousins Properties Inc. has a market cap of $1.15 billion; its shares were traded at around $23.58 with P/E ratio of 19.51 and P/S ratio of 7.54. The dividend yield of Cousins Properties Inc. stocks is 6.3%.
New Purchase: Forest City Enterprises Inc. (FCE-B)
Third Avenue Management initiated holdings in Real Estate Holding & Development company Forest City Enterprises Inc.. His purchase prices were between $53.7 and $62.72, with an estimated average price of $56.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 26,000 shares as of 09/30/2007.
No business summary available for FCE-B. Forest City Enterprises Inc. has a market cap of $ million; its shares were traded at around $57.2 . The dividend yield of Forest City Enterprises Inc. stocks is 0.6%.
Reduced: Sycamore Networks Inc. (SCMR)
Third Avenue Management reduced to his holdings in Telecom Equipment company Sycamore Networks Inc. by 27.43%. His sale prices were between $3.67 and $4.21, with an estimated average price of $4. The impact to his portfolio due to this sale was 0.46%. Third Avenue Management still held 19,047,976 shares as of 09/30/2007.
Sycamore Networks, Inc. engages in developing and marketing intelligent bandwidth management solutions for fixed line and mobile network operators worldwide. Sycamore Networks Inc. has a market cap of $1.12 billion; its shares were traded at around $3.94 with P/S ratio of 7.02.
Reduced: PS Business Parks Inc (PSB)
Third Avenue Management reduced to his holdings in Real Estate Holding & Development company PS Business Parks Inc by 20.87%. His sale prices were between $51.59 and $64.62, with an estimated average price of $56.4. The impact to his portfolio due to this sale was 0.34%. Third Avenue Management still held 950,240 shares as of 09/30/2007.
PS Business Parks, Inc., a real estate investment trust (REIT), engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. PS Business Parks Inc has a market cap of $1.08 billion; its shares were traded at around $53.25 with P/E ratio of 62.19 and P/S ratio of 4.30. The dividend yield of PS Business Parks Inc stocks is 3.3%.
Reduced: LeapFrog Enterprises Inc. (LF)
Third Avenue Management reduced to his holdings in Toys company LeapFrog Enterprises Inc. by 20.66%. His sale prices were between $7.02 and $10.56, with an estimated average price of $8.3. The impact to his portfolio due to this sale was 0.31%. Third Avenue Management still held 5,832,378 shares as of 09/30/2007.
LeapFrog Enterprises, Inc. designs, develops, and markets technology-based educational platforms. It operates through three segments: U.S. Consumer, International, and SchoolHouse. LeapFrog Enterprises Inc. has a market cap of $377.44 million; its shares were traded at around $6.27 with P/S ratio of 0.90.
Reduced: Agrium Inc. (AGU)
Third Avenue Management reduced to his holdings in Specialty Chemicals company Agrium Inc. by 54.89%. His sale prices were between $37.82 and $54.38, with an estimated average price of $45.6. The impact to his portfolio due to this sale was 0.21%. Third Avenue Management still held 768,000 shares as of 09/30/2007.
Agrium, Inc. produces and markets agricultural nutrients, industrial products, and specialty fertilizers worldwide, as well as involves in the retail supply of agricultural products and services in North and South Americas. Agrium Inc. has a market cap of $7.07 billion; its shares were traded at around $53.4 with P/E ratio of 34.07 and P/S ratio of 1.51. The dividend yield of Agrium Inc. stocks is 0.2%.
Reduced: IRSA Inversiones y Representaciones S.A. (IRS)
Third Avenue Management reduced to his holdings in Real Estate Holding & Development company IRSA Inversiones y Representaciones S.A. by 28.19%. His sale prices were between $15.09 and $20.84, with an estimated average price of $17.2. The impact to his portfolio due to this sale was 0.05%. Third Avenue Management still held 495,300 shares as of 09/30/2007.
IRSA Investments and Representations, Inc., through its subsidiaries and joint ventures, engages in real estate activities in Argentina. Its activities include the acquisition and development of residential properties, and undeveloped land reserves. IRSA Inversiones y Representaciones S.A. has a market cap of $814.96 million; its shares were traded at around $15.21 with P/E ratio of 37.87 and P/S ratio of 3.45.
Reduced: American Land Lease Inc. (ANL)
Third Avenue Management reduced to his holdings in Real Estate Holding & Development company American Land Lease Inc. by 47.8%. His sale prices were between $19.87 and $24.61, with an estimated average price of $22.1. The impact to his portfolio due to this sale was 0.04%. Third Avenue Management still held 365,413 shares as of 09/30/2007.
American Land Lease, Inc., a real estate investment trust, engages in the ownership, development, expansion, management, and acquisition of residential land lease communities in the United States. American Land Lease Inc. has a market cap of $168.82 million; its shares were traded at around $22.05 with P/E ratio of 11.56 and P/S ratio of 2.40. The dividend yield of American Land Lease Inc. stocks is 4.5%.
Reduced: Rockville Financial Inc. (RCKB)
Third Avenue Management reduced to his holdings in Specialty Finance company Rockville Financial Inc. by 26.29%. His sale prices were between $13.13 and $15.21, with an estimated average price of $14.3. The impact to his portfolio due to this sale was 0.04%. Third Avenue Management still held 470,138 shares as of 09/30/2007.
Rockville Financial, Inc. operates as the holding company for Rockville Bank, which provides banking services to business organizations and individual customers in Connecticut. Rockville Financial Inc. has a market cap of $262.35 million; its shares were traded at around $14.14 with P/E ratio of 36.44 and P/S ratio of 6.52. The dividend yield of Rockville Financial Inc. stocks is 1.1%.
Reduced: INVESTORS BANCORP, INC. (ISBC)
Third Avenue Management reduced to his holdings in Specialty Finance company INVESTORS BANCORP, INC. by 43.42%. His sale prices were between $11.54 and $14.6, with an estimated average price of $13.5. The impact to his portfolio due to this sale was 0.02%. Third Avenue Management still held 305,713 shares as of 09/30/2007.
Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank that provides various banking services in the United States. It generates deposits and originates loans. INVESTORS BANCORP, INC. has a market cap of $1.54 billion; its shares were traded at around $0 with P/E ratio of 73.42 and P/S ratio of 17.92.
Reduced: Canadian Natural Resources Ltd. (CNQ)
Third Avenue Management reduced to his holdings in Exploration & Production company Canadian Natural Resources Ltd. by 90.23%. His sale prices were between $64.63 and $76.59, with an estimated average price of $70. The impact to his portfolio due to this sale was 0.01%. Third Avenue Management still held 26,520 shares as of 09/30/2007.
Canadian Natural Resources Limited, through its subsidiaries, engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, natural gas liquids, and bitumen production. Canadian Natural Resources Ltd. has a market cap of $38.72 billion; its shares were traded at around $72.79 with P/E ratio of 18.02 and P/S ratio of 3.60. The dividend yield of Canadian Natural Resources Ltd. stocks is 0.5%.
Reduced: WAUWATOSA HOLDINGS, INC. (WAUW)
Third Avenue Management reduced to his holdings in Exploration & Production company WAUWATOSA HOLDINGS, INC. by 83.53%. His sale prices were between $14.41 and $16.65, with an estimated average price of $15.9. The impact to his portfolio due to this sale was 0.01%. Third Avenue Management still held 72,085 shares as of 09/30/2007.
Wauwatosa Holdings, Inc. operates as the holding company for Wauwatosa Savings Bank, which offers general banking services in Wisconsin. The bank engages in generating deposits and originating loans. WAUWATOSA HOLDINGS, INC. has a market cap of $426.34 million; its shares were traded at around $0 with P/E ratio of 123.36 and P/S ratio of 13.24.
Sold Out: Sanderson Farms Inc. (SAFM)
Third Avenue Management sold out his holdings in Food Products company Sanderson Farms Inc.. His sale prices were between $38.11 and $47.55, with an estimated average price of $42.5. The impact to his portfolio due to this sale was less than 0.01%.
Sanderson Farms, Inc., an integrated poultry processing company, engages in the production, processing, marketing, and distribution of fresh and frozen chicken products. Sanderson Farms Inc. has a market cap of $621.52 million; its shares were traded at around $30.8 with P/E ratio of 9.57 and P/S ratio of 0.47. The dividend yield of Sanderson Farms Inc. stocks is 1.8%.
Sold Out: Analogic Corp. (ALOG)
Third Avenue Management sold out his holdings in Medical Equipment company Analogic Corp.. His sale prices were between $63.66 and $74.91, with an estimated average price of $69.9. The impact to his portfolio due to this sale was less than 0.01%.
Analogic Corporation engages in the design, manufacture, and sale of high-precision data acquisition, and signal and image-processing-based medical and security systems and subsystems in the United States. Analogic Corp. has a market cap of $684.67 million; its shares were traded at around $52.64 with P/E ratio of 46.89 and P/S ratio of 2.06. The dividend yield of Analogic Corp. stocks is 0.8%.
Sold Out: Levitt Corp. (LEV)
Third Avenue Management sold out his holdings in Home Construction company Levitt Corp.. His sale prices were between $2.01 and $10.43, with an estimated average price of $5. The impact to his portfolio due to this sale was less than 0.01%.
Levitt Corporation, together with its subsidiaries, operates as a homebuilding and real estate development company in the southeastern United States. The company operates in two divisions, Homebuilding and Land. Levitt Corp. has a market cap of $171.56 million; its shares were traded at around $1.95 with P/S ratio of 0.33. The dividend yield of Levitt Corp. stocks is 4.1%.
Sold Out: Magma Design Automation Inc. (LAVA)
Third Avenue Management sold out his holdings in Software company Magma Design Automation Inc.. His sale prices were between $12.48 and $14.85, with an estimated average price of $13.9. The impact to his portfolio due to this sale was less than 0.01%.
Magma Design Automation, Inc. provides electronic design automation software products and related services. The company's products comprise a digital integrated solution for the chip development cycle, from initial design through physical implementations. Magma Design Automation Inc. has a market cap of $546.60 million; its shares were traded at around $13.39 with P/S ratio of 2.81.
Sold Out: The Buckle Inc. (BKE)
Third Avenue Management sold out his holdings in Apparel Retailers company The Buckle Inc.. His sale prices were between $34.05 and $38.89, with an estimated average price of $36.8. The impact to his portfolio due to this sale was less than 0.01%.
The Buckle, Inc. operates retail stores that offer casual apparel, footwear, and accessories for young men and women in the United States. It markets casual apparel, including denims, bottoms, tops, sportswear, outerwear, accessories, and footwear. The Buckle Inc. has a market cap of $1000 million; its shares were traded at around $36.21 with P/E ratio of 14.86 and P/S ratio of 1.87. The dividend yield of The Buckle Inc. stocks is 2.8%.
Sold Out: Watson Pharmaceuticals Inc. (WPI)
Third Avenue Management sold out his holdings in Pharmaceuticals company Watson Pharmaceuticals Inc.. His sale prices were between $29.82 and $33.04, with an estimated average price of $31.4. The impact to his portfolio due to this sale was less than 0.01%.
Watson Pharmaceuticals, Inc. engages in the development, manufacture, marketing, and distribution of branded and generic pharmaceutical products in the United States. Watson Pharmaceuticals Inc. has a market cap of $2.82 billion; its shares were traded at around $27.87 with P/S ratio of 1.16.
Sold Out: DENISON MINES CORP COM NPV (DNN)
Third Avenue Management sold out his holdings in Pharmaceuticals company DENISON MINES CORP COM NPV. His sale prices were between $7.77 and $12.86, with an estimated average price of $10.1. The impact to his portfolio due to this sale was less than 0.01%.
Denison Mines Corp., together with its subsidiaries, engages in the acquisition, exploration, development, mining, and production of uranium, and precious and base metal properties in the United States, Canada, and Mongolia. DENISON MINES CORP COM NPV has a market cap of $1.77 billion; its shares were traded at around $9.83 with P/E ratio of 89.81 and P/S ratio of 38.64.
Third Avenue Management buys Alliance Data Systems Corp., Ceridian Corp., Newmont Mining Corp., RAIT Financial Trust, EastGroup Properties Inc., Aspen Insurance Holdings Ltd., CBRE Realty Finance Inc., Forest City Enterprises Inc., Resource Capital Corp., Cousins Properties Inc., sells Watson Pharmaceuticals Inc., AbitibiConsolidated Inc., Analogic Corp., The Buckle Inc., DENISON MINES CORP COM NPV, Florida East Coast Industries, Magma Design Automation Inc., Levitt Corp., Sanderson Farms Inc. during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Third Avenue Management, LLC. Third Avenue Management owns 186 stocks with a total value of $13.1 billion. These are the details of the buys and sells.
New Purchases: ADS, AHL, CBF, CEN, CUZ, EGP, FCE-B, NEM, RAS, RSO,
Added Positions: BDE, BK, BRNC, COBK, CPHL, CVCO, FCE-A, FDG, FFCO, FPO, GLRE, GOV, HVT, JNC, KRNY, KSWS, LM, LXK, MBI, MDC, MRH, MVC, NBR, PATR, PDC, PFE, PPP, RDN, SM, STLY, USG, WIRE, WLK, XEC,
Reduced Positions: AGU, ANL, CNQ, IRS, ISBC, LF, PSB, RCKB, SCMR, WAUW,
Sold Out: ABY, ALOG, BKE, DNN, LAVA, LEV, SAFM, WPI,
Added: Radian Group Inc. (RDN, Financial)
Third Avenue Management added to his holdings in Property & Casualty Insurance company Radian Group Inc. by 417.4%. His purchase prices were between $17.23 and $54.98, with an estimated average price of $29.5. The impact to his portfolio due to this purchase was 1.45%. His holdings were 10,189,662 shares as of 09/30/2007.
Radian Group, Inc., through its subsidiaries and affiliates, operates as a credit enhancement company that provides credit protection products and financial services to mortgage lenders and other financial institutions. Radian Group Inc. has a market cap of $784.67 million; its shares were traded at around $10.57 with P/S ratio of 1.26. The dividend yield of Radian Group Inc. stocks is 0.8%.
Added: MBIA Inc. (MBI, Financial)
Third Avenue Management added to his holdings in Property & Casualty Insurance company MBIA Inc. by 63.44%. His purchase prices were between $50.55 and $63.25, with an estimated average price of $59. The impact to his portfolio due to this purchase was 1.21%. His holdings were 6,697,298 shares as of 09/30/2007.
MBIA, Inc., through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants. MBIA Inc. has a market cap of $4.15 billion; its shares were traded at around $34.14 with P/E ratio of 7.92 and P/S ratio of 1.62. The dividend yield of MBIA Inc. stocks is 4%.
Added: Cimarex Energy Co. (XEC, Financial)
Third Avenue Management added to his holdings in Exploration & Production company Cimarex Energy Co. by 39.54%. His purchase prices were between $35.11 and $41.11, with an estimated average price of $37.7. The impact to his portfolio due to this purchase was 0.69%. His holdings were 8,637,368 shares as of 09/30/2007.
Cimarex Energy Co. operates as an independent oil and gas exploration and production company. It primarily operates in Texas, Oklahoma, New Mexico, Louisiana, and the Gulf of Mexico. Cimarex Energy Co. has a market cap of $3.18 billion; its shares were traded at around $39.08 with P/E ratio of 11.77 and P/S ratio of 2.50. The dividend yield of Cimarex Energy Co. stocks is 0.4%.
Added: USG Corp. (USG, Financial)
Third Avenue Management added to his holdings in Building Materials & Fixtures company USG Corp. by 81.58%. His purchase prices were between $36.37 and $49.59, with an estimated average price of $40.7. The impact to his portfolio due to this purchase was 0.63%. His holdings were 4,913,149 shares as of 09/30/2007.
USG Corporation, through its subsidiaries, engages in the manufacture and distribution of building materials worldwide. The company manufactures and markets gypsum and related products in the United States, Canada, and Mexico. USG Corp. has a market cap of $3.6 billion; its shares were traded at around $37.23 with P/E ratio of 16.47 and P/S ratio of 0.70.
Added: The Bank of New York Mellon Corp. (BK, Financial)
Third Avenue Management added to his holdings in Investment Services company The Bank of New York Mellon Corp. by 18.79%. His purchase prices were between $39.51 and $45.65, with an estimated average price of $42.6. The impact to his portfolio due to this purchase was 0.54%. His holdings were 10,138,162 shares as of 09/30/2007.
The Bank of New York Mellon Corporation provides services that enable institutions and individuals to move and manage their financial assets in various markets worldwide. The Bank of New York Mellon Corp. has a market cap of $49.96 billion; its shares were traded at around $45.41 with P/E ratio of 11.54 and P/S ratio of 5.47. The dividend yield of The Bank of New York Mellon Corp. stocks is 2.1%.
Added: Forest City Enterprises Inc. (FCE-A)
Third Avenue Management added to his holdings in Real Estate Holding & Development company Forest City Enterprises Inc. by 5.51%. His purchase prices were between $53.65 and $62.62, with an estimated average price of $56.8. The impact to his portfolio due to this purchase was 0.38%. His holdings were 17,463,110 shares as of 09/30/2007.
Forest City Enterprises, Inc. engages in the ownership, development, management, and acquisition of commercial and residential real estate properties in the United States. Forest City Enterprises Inc. has a market cap of $4.9 billion; its shares were traded at around $57.69 with P/E ratio of 29.57 and P/S ratio of 4.08. The dividend yield of Forest City Enterprises Inc. stocks is 0.6%.
Added: Pioneer Drilling Company (PDC, Financial)
Third Avenue Management added to his holdings in Oil Equipment & Services company Pioneer Drilling Company by 256.56%. His purchase prices were between $11.93 and $14.62, with an estimated average price of $12.9. The impact to his portfolio due to this purchase was 0.32%. His holdings were 4,894,691 shares as of 09/30/2007.
Pioneer Drilling Company, through its subsidiary, Pioneer Drilling Services, Ltd., provides contract land drilling services to oil and gas exploration and production companies in the United States. Pioneer Drilling Company has a market cap of $594.81 million; its shares were traded at around $11.91 with P/E ratio of 9.10 and P/S ratio of 1.39.
Added: Legg Mason Inc. (LM, Financial)
Third Avenue Management added to his holdings in Investment Services company Legg Mason Inc. by 14.69%. His purchase prices were between $79.49 and $101.75, with an estimated average price of $88.8. The impact to his portfolio due to this purchase was 0.24%. His holdings were 2,899,196 shares as of 09/30/2007.
Legg Mason, Inc., an asset management company, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds, and other investment vehicles worldwide. Legg Mason Inc. has a market cap of $9.2 billion; its shares were traded at around $70.04 with P/E ratio of 13.84 and P/S ratio of 2.02. The dividend yield of Legg Mason Inc. stocks is 1.4%.
Added: Nabors Industries Ltd. (NBR, Financial)
Third Avenue Management added to his holdings in Oil Equipment & Services company Nabors Industries Ltd. by 9.81%. His purchase prices were between $27.81 and $32.79, with an estimated average price of $30.6. The impact to his portfolio due to this purchase was 0.23%. His holdings were 10,972,286 shares as of 09/30/2007.
Nabors Industries, Ltd. operates as a land drilling contractor. The company conducts oil, gas, and geothermal land drilling operations in the United States, Alaska, Canada, South and Central America, the Middle East, the Far East, and Africa. Nabors Industries Ltd. has a market cap of $7.59 billion; its shares were traded at around $27.51 with P/E ratio of 8.10 and P/S ratio of 1.56.
Added: Lexmark International Inc. (LXK, Financial)
Third Avenue Management added to his holdings in Computer Hardware company Lexmark International Inc. by 75.92%. His purchase prices were between $36.19 and $49.4, with an estimated average price of $40.2. The impact to his portfolio due to this purchase was 0.22%. His holdings were 1,645,065 shares as of 09/30/2007.
Lexmark International, Inc. engages in the development, manufacture, and supply of printing and imaging solutions for offices and homes. Its products include laser printers, inkjet printers, multifunction devices, and associated supplies, services. Lexmark International Inc. has a market cap of $3.36 billion; its shares were traded at around $36.37 with P/E ratio of 11.76 and P/S ratio of 0.68.
Added: Montpelier Re Holdings Ltd. (MRH)
Third Avenue Management added to his holdings in Property & Casualty Insurance company Montpelier Re Holdings Ltd. by 65.18%. His purchase prices were between $15.4 and $18.38, with an estimated average price of $16.8. The impact to his portfolio due to this purchase was 0.21%. His holdings were 4,014,956 shares as of 09/30/2007.
Montpelier Re Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance and insurance products worldwide. It operates through two segments, Rated Reinsurance and Insurance. Montpelier Re Holdings Ltd. has a market cap of $1.73 billion; its shares were traded at around $17.09 with P/E ratio of 4.68 and P/S ratio of 2.38. The dividend yield of Montpelier Re Holdings Ltd. stocks is 1.8%.
Added: Westlake Chemical Corp. (WLK)
Third Avenue Management added to his holdings in Commodity Chemicals company Westlake Chemical Corp. by 61.67%. His purchase prices were between $24.75 and $29.68, with an estimated average price of $26.7. The impact to his portfolio due to this purchase was 0.21%. His holdings were 2,925,816 shares as of 09/30/2007.
Westlake Chemical Corporation, together with its subsidiaries, engages in the manufacture and marketing of basic chemicals, vinyls, polymers, and fabricated products in North America. Westlake Chemical Corp. has a market cap of $1.24 billion; its shares were traded at around $19.16 with P/E ratio of 11.26 and P/S ratio of 0.44. The dividend yield of Westlake Chemical Corp. stocks is 1%.
Added: Bronco Drilling Company Inc. (BRNC)
Third Avenue Management added to his holdings in Oil Equipment & Services company Bronco Drilling Company Inc. by 44.1%. His purchase prices were between $14.08 and $16.54, with an estimated average price of $15.1. The impact to his portfolio due to this purchase was 0.17%. His holdings were 5,080,927 shares as of 09/30/2007.
Bronco Drilling Company, Inc. provides contract land drilling services to oil and natural gas exploration and production companies in the United States. Bronco Drilling Company Inc. has a market cap of $392.01 million; its shares were traded at around $15.28 with P/E ratio of 8.18 and P/S ratio of 1.31.
Added: Encore Wire Corp. (WIRE)
Third Avenue Management added to his holdings in Electrical Components & Equipment company Encore Wire Corp. by 88.27%. His purchase prices were between $23.48 and $31.16, with an estimated average price of $26.7. The impact to his portfolio due to this purchase was 0.13%. His holdings were 1,476,013 shares as of 09/30/2007.
Encore Wire Corporation manufactures copper electrical building wire and cable in the United States. It supplies residential wire for interior electrical wiring in homes, apartments, and manufactured housing. Encore Wire Corp. has a market cap of $381.08 million; its shares were traded at around $16.76 with P/E ratio of 10.16 and P/S ratio of 0.34. The dividend yield of Encore Wire Corp. stocks is 0.5%.
Added: M.D.C. Holdings Inc. (MDC)
Third Avenue Management added to his holdings in Home Construction company M.D.C. Holdings Inc. by 16.83%. His purchase prices were between $40.68 and $49.74, with an estimated average price of $45.3. The impact to his portfolio due to this purchase was 0.11%. His holdings were 2,521,117 shares as of 09/30/2007.
M.D.C. Holdings, Inc., through its subsidiaries, engages in building and financing homes in the United States. The company has two segments, Homebuilding, and Financial Services and Other. M.D.C. Holdings Inc. has a market cap of $1.49 billion; its shares were traded at around $33.96 with P/S ratio of 0.45. The dividend yield of M.D.C. Holdings Inc. stocks is 2.9%.
Added: St. Mary Land & Exploration Company (SM)
Third Avenue Management added to his holdings in Exploration & Production company St. Mary Land & Exploration Company by 17.24%. His purchase prices were between $32.71 and $36.49, with an estimated average price of $34.6. The impact to his portfolio due to this purchase was 0.11%. His holdings were 2,701,703 shares as of 09/30/2007.
St. Mary Land & Exploration Company and its subsidiaries engage in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States. St. Mary Land & Exploration Company has a market cap of $2.55 billion; its shares were traded at around $41.33 with P/E ratio of 13.01 and P/S ratio of 3.01. The dividend yield of St. Mary Land & Exploration Company stocks is 0.2%.
Added: Fording Canadian Coal Trust Unit of Inco (FDG)
Third Avenue Management added to his holdings in Coal company Fording Canadian Coal Trust Unit of Inco by 12.21%. His purchase prices were between $28.17 and $38.78, with an estimated average price of $33. The impact to his portfolio due to this purchase was 0.1%. His holdings were 2,994,953 shares as of 09/30/2007.
Fording Canadian Coal Trust operates as an open-ended mutual fund in Canada. It owns a 60% interest in Elk Valley Coal Partnership, which produces and sells hard coking coal, a type of metallurgical coal used for making steel. Fording Canadian Coal Trust Unit of Inco has a market cap of $4.83 billion; its shares were traded at around $31.8 with P/E ratio of 13.47 and P/S ratio of 2.97. The dividend yield of Fording Canadian Coal Trust Unit of Inco stocks is 7.5%.
Added: Stanley Furniture Company Inc. (STLY)
Third Avenue Management added to his holdings in Furnishings company Stanley Furniture Company Inc. by 45%. His purchase prices were between $16.08 and $20.53, with an estimated average price of $17.4. The impact to his portfolio due to this purchase was 0.1%. His holdings were 2,609,177 shares as of 09/30/2007.
Stanley Furniture Company, Inc. engages in the design and manufacture of residential wood furniture in the United States. The company's product offerings cover various design categories, including dining room, bedroom, home office, and home entertainment. Stanley Furniture Company Inc. has a market cap of $113.45 million; its shares were traded at around $11.26 with P/E ratio of 22.14 and P/S ratio of 0.41. The dividend yield of Stanley Furniture Company Inc. stocks is 3.5%.
Added: Pfizer Inc (PFE)
Third Avenue Management added to his holdings in Pharmaceuticals company Pfizer Inc by 10.32%. His purchase prices were between $22.95 and $25.3, with an estimated average price of $24.1. The impact to his portfolio due to this purchase was 0.1%. His holdings were 5,553,076 shares as of 09/30/2007.
Pfizer, Inc. engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals in the United States, Europe, Canada, Asia, and Latin America. Pfizer Inc has a market cap of $152.3 billion; its shares were traded at around $22.98 with P/E ratio of 10.55 and P/S ratio of 3.26. The dividend yield of Pfizer Inc stocks is 5%.
Added: KSwiss Inc. (KSWS)
Third Avenue Management added to his holdings in Footwear company KSwiss Inc. by 19.02%. His purchase prices were between $22.26 and $28.76, with an estimated average price of $24.5. The impact to his portfolio due to this purchase was 0.08%. His holdings were 3,039,345 shares as of 09/30/2007.
Kæ˜wiss, Inc., together with its subsidiaries, primarily engages in the design, development, and marketing of athletic footwear for sports use, fitness activities, and casual wear. KSwiss Inc. has a market cap of $618.27 million; its shares were traded at around $17.46 with P/E ratio of 12.84 and P/S ratio of 1.46. The dividend yield of KSwiss Inc. stocks is 1.1%.
Added: Haverty Furniture Companies Inc. (HVT)
Third Avenue Management added to his holdings in Specialty Retailers company Haverty Furniture Companies Inc. by 24.38%. His purchase prices were between $8.7 and $12.33, with an estimated average price of $10.9. The impact to his portfolio due to this purchase was 0.06%. His holdings were 4,874,494 shares as of 09/30/2007.
Haverty Furniture Companies, Inc. and its subsidiaries operate as a residential furniture and accessories retailer. The company's products include living room furniture, bedroom furniture, dining room furniture, bedding, and other accessories. Haverty Furniture Companies Inc. has a market cap of $185.80 million; its shares were traded at around $8.81 with P/E ratio of 70.33 and P/S ratio of 0.24. The dividend yield of Haverty Furniture Companies Inc. stocks is 3.1%.
Added: Cavco Industries Inc. (CVCO)
Third Avenue Management added to his holdings in Home Construction company Cavco Industries Inc. by 53.86%. His purchase prices were between $33.41 and $37.85, with an estimated average price of $35. The impact to his portfolio due to this purchase was 0.05%. His holdings were 508,967 shares as of 09/30/2007.
Cavco Industries, Inc. engages in the design, manufacture, wholesale, and retail of manufactured homes primarily in southwestern United States. It also produces park model homes, as well as camping cabins and commercial structures for various purposes. Cavco Industries Inc. has a market cap of $231.05 million; its shares were traded at around $36.38 with P/E ratio of 31.26 and P/S ratio of 1.59.
Added: First Potomac Realty Trust (FPO)
Third Avenue Management added to his holdings in Real Estate Holding & Development company First Potomac Realty Trust by 27.15%. His purchase prices were between $18.81 and $23.46, with an estimated average price of $20.8. The impact to his portfolio due to this purchase was 0.05%. His holdings were 1,398,000 shares as of 09/30/2007.
First Potomac Realty Trust operates as a real estate investment trust (REIT) in the United States. It owns, develops, and operates industrial and flex properties in the Washington, D.C. metropolitan area, as well as in Virginia and Maryland. First Potomac Realty Trust has a market cap of $446.69 million; its shares were traded at around $19.86 with P/E ratio of 614.00 and P/S ratio of 4.02. The dividend yield of First Potomac Realty Trust stocks is 6.8%.
Added: Kearny Financial (KRNY)
Third Avenue Management added to his holdings in Banks company Kearny Financial by 27.31%. His purchase prices were between $11.41 and $13.61, with an estimated average price of $12.8. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,482,965 shares as of 09/30/2007.
Kearny Financial Corp. operates as the holding company for Kearny Federal Savings Bank that provides a range of banking products and services in New Jersey. Kearny Financial has a market cap of $849.09 million; its shares were traded at around $12.11 with P/E ratio of 411.72 and P/S ratio of 18.50. The dividend yield of Kearny Financial stocks is 1.6%.
Added: Patriot Transportation Holding Inc. (PATR)
Third Avenue Management added to his holdings in Trucking company Patriot Transportation Holding Inc. by 84.6%. His purchase prices were between $85.99 and $98.34, with an estimated average price of $91. The impact to his portfolio due to this purchase was 0.03%. His holdings were 73,838 shares as of 09/30/2007.
Patriot Transportation Holding, Inc., through its subsidiaries, offers a range of transportation and real estate products and services in the United States. Patriot Transportation Holding Inc. has a market cap of $276.06 million; its shares were traded at around $90.85 with P/E ratio of 28.75 and P/S ratio of 1.80.
Added: MVC Capital Inc. (MVC)
Third Avenue Management added to his holdings in Nonequity Investment Instruments company MVC Capital Inc. by 46%. His purchase prices were between $15.72 and $18.4, with an estimated average price of $17. The impact to his portfolio due to this purchase was 0.02%. His holdings were 365,000 shares as of 09/30/2007.
MVC Capital, Inc. (MVC) is a publicly traded business development company specializing in acquisition financing, management buyouts, leveraged Buildups, PIPE transactions, going private transactions, private company recapitalizations, turnarounds. MVC Capital Inc. has a market cap of $386.06 million; its shares were traded at around $16.47 with P/E ratio of 4.68 and P/S ratio of 16.10. The dividend yield of MVC Capital Inc. stocks is 2.9%.
Added: GREENLIGHT CAPITAL RE, LTD. (GLRE)
Third Avenue Management added to his holdings in Nonequity Investment Instruments company GREENLIGHT CAPITAL RE, LTD. by 42.62%. His purchase prices were between $19.65 and $23.87, with an estimated average price of $20.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 427,848 shares as of 09/30/2007.
Greenlight Capital Re, Ltd., through its subsidiary, Greenlight Reinsurance, Ltd., provides specialty property and casualty reinsurance services worldwide. GREENLIGHT CAPITAL RE, LTD. has a market cap of $749.12 million; its shares were traded at around $20.92 with P/E ratio of 23.88 and P/S ratio of 6.92.
Added: CASTLEPOINT HLD 144A (CPHL)
Third Avenue Management added to his holdings in Reinsurance company CASTLEPOINT HLD 144A by 37.84%. His purchase prices were between $11 and $14.97, with an estimated average price of $12.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 587,218 shares as of 09/30/2007.
CastlePoint Holdings, Ltd., through its subsidiaries, provides insurance and reinsurance business solutions, as well as a range of products and services to insurance companies and program underwriting agents primarily in the United States. CASTLEPOINT HLD 144A has a market cap of $428.84 million; its shares were traded at around $11 with P/E ratio of 11.73 and P/S ratio of 1.84. The dividend yield of CASTLEPOINT HLD 144A stocks is 0.9%.
Added: FedFirst Financial Corp. (FFCO)
Third Avenue Management added to his holdings in Banks company FedFirst Financial Corp. by 40.38%. His purchase prices were between $8.75 and $9.3, with an estimated average price of $9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 350,805 shares as of 09/30/2007.
FedFirst Financial Corporation operates as the holding company for First Federal Savings Bank that provides various banking services to individual and business customers primarily in southwestern Pennsylvania. FedFirst Financial Corp. has a market cap of $55.74 million; its shares were traded at around $9.05 with P/S ratio of 8.70.
Added: Colonial Bankshares Inc. (COBK)
Third Avenue Management added to his holdings in Banks company Colonial Bankshares Inc. by 127.35%. His purchase prices were between $10.81 and $14.4, with an estimated average price of $12.2. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 36,890 shares as of 09/30/2007.
Colonial Bankshares, Inc. operates as the holding company for Colonial Bank, FSB, which provides various banking services primarily in Cumberland and Gloucester Counties, New Jersey. Colonial Bankshares Inc. has a market cap of $47.84 million; its shares were traded at around $10.75 with P/E ratio of 31.80 and P/S ratio of 5.08.
Added: Gouverneur Bancorp Inc (GOV)
Third Avenue Management added to his holdings in Banks company Gouverneur Bancorp Inc by 23.87%. His purchase prices were between $10.65 and $11.25, with an estimated average price of $10.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 205,511 shares as of 09/30/2007.
Gouverneur Bancorp, Inc., through its subsidiary, Gouverneur Savings and Loan Association, provides banking services to individuals and businesses in New York. Gouverneur Bancorp Inc has a market cap of $23.69 million; its shares were traded at around $10.3 with P/E ratio of 21.96 and P/S ratio of 4.66. The dividend yield of Gouverneur Bancorp Inc stocks is 3.1%.
Added: Bois d'Arc Energy Inc. (BDE)
Third Avenue Management added to his holdings in Exploration & Production company Bois d'Arc Energy Inc. by 25.91%. His purchase prices were between $16.05 and $19.75, with an estimated average price of $17.9. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 48,600 shares as of 09/30/2007.
Bois d'Arc Energy, Inc., an independent exploration company, engages in exploration, development, and production of oil and natural gas in the Gulf of Mexico. Bois d'Arc Energy Inc. has a market cap of $1.26 billion; its shares were traded at around $18.92 with P/E ratio of 20.42 and P/S ratio of 3.91.
New Purchase: Alliance Data Systems Corp. (ADS)
Third Avenue Management initiated holdings in Financial Administration company Alliance Data Systems Corp.. His purchase prices were between $72.9 and $78.8, with an estimated average price of $77.1. The impact to his portfolio due to this purchase was 1.19%. His holdings were 2,023,160 shares as of 09/30/2007.
Alliance Data Systems Corporation, together with its subsidiaries, provides transaction, marketing, and credit services in the United States, Canada, and internationally. Alliance Data Systems Corp. has a market cap of $6.13 billion; its shares were traded at around $77.46 with P/E ratio of 37.16 and P/S ratio of 2.76.
New Purchase: Ceridian Corp. (CEN)
Third Avenue Management initiated holdings in Business Support Services company Ceridian Corp.. His purchase prices were between $32.6 and $35.25, with an estimated average price of $34.3. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,259,200 shares as of 09/30/2007.
Ceridian Corporation, an information services company, provides services to the human resource, transportation, and retail markets in the United States, Canada, and the United Kingdom. Ceridian Corp. has a market cap of $ million; its shares were traded at around $35.94 .
New Purchase: Newmont Mining Corp. (NEM)
Third Avenue Management initiated holdings in Gold Mining company Newmont Mining Corp.. His purchase prices were between $39.8 and $47.56, with an estimated average price of $42.6. The impact to his portfolio due to this purchase was 0.28%. His holdings were 827,386 shares as of 09/30/2007.
Newmont Mining Corporation engages in the exploration, acquisition, and production of gold properties in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, New Zealand, and Mexico. Newmont Mining Corp. has a market cap of $22.79 billion; its shares were traded at around $52.09 with P/S ratio of 4.16. The dividend yield of Newmont Mining Corp. stocks is 0.8%.
New Purchase: RAIT Financial Trust (RAS)
Third Avenue Management initiated holdings in Real Estate Holding & Development company RAIT Financial Trust. His purchase prices were between $6.01 and $25.15, with an estimated average price of $12. The impact to his portfolio due to this purchase was 0.21%. His holdings were 3,407,900 shares as of 09/30/2007.
RAIT Investment Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company provides a set of debt financing options to the real estate industry. RAIT Financial Trust has a market cap of $458.81 million; its shares were traded at around $7.79 with P/S ratio of 2.39. The dividend yield of RAIT Financial Trust stocks is 23.6%.
New Purchase: EastGroup Properties Inc. (EGP)
Third Avenue Management initiated holdings in Real Estate Holding & Development company EastGroup Properties Inc.. His purchase prices were between $38.97 and $45.26, with an estimated average price of $42.8. The impact to his portfolio due to this purchase was 0.14%. His holdings were 397,041 shares as of 09/30/2007.
EastGroup Properties, Inc., a real estate investment trust (REIT), engages in the development, acquisition, and operation of industrial properties in the United States. EastGroup Properties Inc. has a market cap of $1.04 billion; its shares were traded at around $45.95 with P/E ratio of 35.30 and P/S ratio of 7.44. The dividend yield of EastGroup Properties Inc. stocks is 4.4%.
New Purchase: Aspen Insurance Holdings Ltd. (AHL)
Third Avenue Management initiated holdings in Property & Casualty Insurance company Aspen Insurance Holdings Ltd.. His purchase prices were between $23.17 and $28.14, with an estimated average price of $25.7. The impact to his portfolio due to this purchase was 0.05%. His holdings were 215,000 shares as of 09/30/2007.
Aspen Insurance Holdings Limited, through its subsidiaries, provides insurance and reinsurance products and services principally in the United Kingdom, Bermuda, and the United States. Aspen Insurance Holdings Ltd. has a market cap of $2.47 billion; its shares were traded at around $28.83 with P/E ratio of 5.81 and P/S ratio of 1.27. The dividend yield of Aspen Insurance Holdings Ltd. stocks is 2.1%.
New Purchase: CBRE Realty Finance Inc. (CBF)
Third Avenue Management initiated holdings in Real Estate Investment Trusts company CBRE Realty Finance Inc.. His purchase prices were between $4.86 and $12.19, with an estimated average price of $7.3. The impact to his portfolio due to this purchase was 0.02%. His holdings were 500,000 shares as of 09/30/2007.
CBRE Realty Finance, Inc. operates as a commercial real estate specialty finance company. It primarily focuses on originating, acquiring, investing, financing, and managing a diversified portfolio of commercial real estate related loans and securities. CBRE Realty Finance Inc. has a market cap of $211.80 million; its shares were traded at around $7.37 with P/S ratio of 4.94. The dividend yield of CBRE Realty Finance Inc. stocks is 9.2%.
New Purchase: Resource Capital Corp. (RSO)
Third Avenue Management initiated holdings in Real Estate Investment Trusts company Resource Capital Corp.. His purchase prices were between $7.38 and $13.36, with an estimated average price of $10.9. The impact to his portfolio due to this purchase was 0.01%. His holdings were 67,900 shares as of 09/30/2007.
Resource Capital Corp., through its subsidiaries, operates as a specialty finance company in the United States. The company focuses primarily on commercial real estate and commercial finance. Resource Capital Corp. has a market cap of $222.56 million; its shares were traded at around $9.18 with P/E ratio of 8.19 and P/S ratio of 1.38. The dividend yield of Resource Capital Corp. stocks is 17.9%.
New Purchase: Cousins Properties Inc. (CUZ)
Third Avenue Management initiated holdings in Real Estate Holding & Development company Cousins Properties Inc.. His purchase prices were between $25.22 and $29.77, with an estimated average price of $27.3. The impact to his portfolio due to this purchase was 0.01%. His holdings were 26,500 shares as of 09/30/2007.
Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the United States. Cousins Properties Inc. has a market cap of $1.15 billion; its shares were traded at around $23.58 with P/E ratio of 19.51 and P/S ratio of 7.54. The dividend yield of Cousins Properties Inc. stocks is 6.3%.
New Purchase: Forest City Enterprises Inc. (FCE-B)
Third Avenue Management initiated holdings in Real Estate Holding & Development company Forest City Enterprises Inc.. His purchase prices were between $53.7 and $62.72, with an estimated average price of $56.7. The impact to his portfolio due to this purchase was 0.01%. His holdings were 26,000 shares as of 09/30/2007.
No business summary available for FCE-B. Forest City Enterprises Inc. has a market cap of $ million; its shares were traded at around $57.2 . The dividend yield of Forest City Enterprises Inc. stocks is 0.6%.
Reduced: Sycamore Networks Inc. (SCMR)
Third Avenue Management reduced to his holdings in Telecom Equipment company Sycamore Networks Inc. by 27.43%. His sale prices were between $3.67 and $4.21, with an estimated average price of $4. The impact to his portfolio due to this sale was 0.46%. Third Avenue Management still held 19,047,976 shares as of 09/30/2007.
Sycamore Networks, Inc. engages in developing and marketing intelligent bandwidth management solutions for fixed line and mobile network operators worldwide. Sycamore Networks Inc. has a market cap of $1.12 billion; its shares were traded at around $3.94 with P/S ratio of 7.02.
Reduced: PS Business Parks Inc (PSB)
Third Avenue Management reduced to his holdings in Real Estate Holding & Development company PS Business Parks Inc by 20.87%. His sale prices were between $51.59 and $64.62, with an estimated average price of $56.4. The impact to his portfolio due to this sale was 0.34%. Third Avenue Management still held 950,240 shares as of 09/30/2007.
PS Business Parks, Inc., a real estate investment trust (REIT), engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. PS Business Parks Inc has a market cap of $1.08 billion; its shares were traded at around $53.25 with P/E ratio of 62.19 and P/S ratio of 4.30. The dividend yield of PS Business Parks Inc stocks is 3.3%.
Reduced: LeapFrog Enterprises Inc. (LF)
Third Avenue Management reduced to his holdings in Toys company LeapFrog Enterprises Inc. by 20.66%. His sale prices were between $7.02 and $10.56, with an estimated average price of $8.3. The impact to his portfolio due to this sale was 0.31%. Third Avenue Management still held 5,832,378 shares as of 09/30/2007.
LeapFrog Enterprises, Inc. designs, develops, and markets technology-based educational platforms. It operates through three segments: U.S. Consumer, International, and SchoolHouse. LeapFrog Enterprises Inc. has a market cap of $377.44 million; its shares were traded at around $6.27 with P/S ratio of 0.90.
Reduced: Agrium Inc. (AGU)
Third Avenue Management reduced to his holdings in Specialty Chemicals company Agrium Inc. by 54.89%. His sale prices were between $37.82 and $54.38, with an estimated average price of $45.6. The impact to his portfolio due to this sale was 0.21%. Third Avenue Management still held 768,000 shares as of 09/30/2007.
Agrium, Inc. produces and markets agricultural nutrients, industrial products, and specialty fertilizers worldwide, as well as involves in the retail supply of agricultural products and services in North and South Americas. Agrium Inc. has a market cap of $7.07 billion; its shares were traded at around $53.4 with P/E ratio of 34.07 and P/S ratio of 1.51. The dividend yield of Agrium Inc. stocks is 0.2%.
Reduced: IRSA Inversiones y Representaciones S.A. (IRS)
Third Avenue Management reduced to his holdings in Real Estate Holding & Development company IRSA Inversiones y Representaciones S.A. by 28.19%. His sale prices were between $15.09 and $20.84, with an estimated average price of $17.2. The impact to his portfolio due to this sale was 0.05%. Third Avenue Management still held 495,300 shares as of 09/30/2007.
IRSA Investments and Representations, Inc., through its subsidiaries and joint ventures, engages in real estate activities in Argentina. Its activities include the acquisition and development of residential properties, and undeveloped land reserves. IRSA Inversiones y Representaciones S.A. has a market cap of $814.96 million; its shares were traded at around $15.21 with P/E ratio of 37.87 and P/S ratio of 3.45.
Reduced: American Land Lease Inc. (ANL)
Third Avenue Management reduced to his holdings in Real Estate Holding & Development company American Land Lease Inc. by 47.8%. His sale prices were between $19.87 and $24.61, with an estimated average price of $22.1. The impact to his portfolio due to this sale was 0.04%. Third Avenue Management still held 365,413 shares as of 09/30/2007.
American Land Lease, Inc., a real estate investment trust, engages in the ownership, development, expansion, management, and acquisition of residential land lease communities in the United States. American Land Lease Inc. has a market cap of $168.82 million; its shares were traded at around $22.05 with P/E ratio of 11.56 and P/S ratio of 2.40. The dividend yield of American Land Lease Inc. stocks is 4.5%.
Reduced: Rockville Financial Inc. (RCKB)
Third Avenue Management reduced to his holdings in Specialty Finance company Rockville Financial Inc. by 26.29%. His sale prices were between $13.13 and $15.21, with an estimated average price of $14.3. The impact to his portfolio due to this sale was 0.04%. Third Avenue Management still held 470,138 shares as of 09/30/2007.
Rockville Financial, Inc. operates as the holding company for Rockville Bank, which provides banking services to business organizations and individual customers in Connecticut. Rockville Financial Inc. has a market cap of $262.35 million; its shares were traded at around $14.14 with P/E ratio of 36.44 and P/S ratio of 6.52. The dividend yield of Rockville Financial Inc. stocks is 1.1%.
Reduced: INVESTORS BANCORP, INC. (ISBC)
Third Avenue Management reduced to his holdings in Specialty Finance company INVESTORS BANCORP, INC. by 43.42%. His sale prices were between $11.54 and $14.6, with an estimated average price of $13.5. The impact to his portfolio due to this sale was 0.02%. Third Avenue Management still held 305,713 shares as of 09/30/2007.
Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank that provides various banking services in the United States. It generates deposits and originates loans. INVESTORS BANCORP, INC. has a market cap of $1.54 billion; its shares were traded at around $0 with P/E ratio of 73.42 and P/S ratio of 17.92.
Reduced: Canadian Natural Resources Ltd. (CNQ)
Third Avenue Management reduced to his holdings in Exploration & Production company Canadian Natural Resources Ltd. by 90.23%. His sale prices were between $64.63 and $76.59, with an estimated average price of $70. The impact to his portfolio due to this sale was 0.01%. Third Avenue Management still held 26,520 shares as of 09/30/2007.
Canadian Natural Resources Limited, through its subsidiaries, engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, natural gas liquids, and bitumen production. Canadian Natural Resources Ltd. has a market cap of $38.72 billion; its shares were traded at around $72.79 with P/E ratio of 18.02 and P/S ratio of 3.60. The dividend yield of Canadian Natural Resources Ltd. stocks is 0.5%.
Reduced: WAUWATOSA HOLDINGS, INC. (WAUW)
Third Avenue Management reduced to his holdings in Exploration & Production company WAUWATOSA HOLDINGS, INC. by 83.53%. His sale prices were between $14.41 and $16.65, with an estimated average price of $15.9. The impact to his portfolio due to this sale was 0.01%. Third Avenue Management still held 72,085 shares as of 09/30/2007.
Wauwatosa Holdings, Inc. operates as the holding company for Wauwatosa Savings Bank, which offers general banking services in Wisconsin. The bank engages in generating deposits and originating loans. WAUWATOSA HOLDINGS, INC. has a market cap of $426.34 million; its shares were traded at around $0 with P/E ratio of 123.36 and P/S ratio of 13.24.
Sold Out: Sanderson Farms Inc. (SAFM)
Third Avenue Management sold out his holdings in Food Products company Sanderson Farms Inc.. His sale prices were between $38.11 and $47.55, with an estimated average price of $42.5. The impact to his portfolio due to this sale was less than 0.01%.
Sanderson Farms, Inc., an integrated poultry processing company, engages in the production, processing, marketing, and distribution of fresh and frozen chicken products. Sanderson Farms Inc. has a market cap of $621.52 million; its shares were traded at around $30.8 with P/E ratio of 9.57 and P/S ratio of 0.47. The dividend yield of Sanderson Farms Inc. stocks is 1.8%.
Sold Out: Analogic Corp. (ALOG)
Third Avenue Management sold out his holdings in Medical Equipment company Analogic Corp.. His sale prices were between $63.66 and $74.91, with an estimated average price of $69.9. The impact to his portfolio due to this sale was less than 0.01%.
Analogic Corporation engages in the design, manufacture, and sale of high-precision data acquisition, and signal and image-processing-based medical and security systems and subsystems in the United States. Analogic Corp. has a market cap of $684.67 million; its shares were traded at around $52.64 with P/E ratio of 46.89 and P/S ratio of 2.06. The dividend yield of Analogic Corp. stocks is 0.8%.
Sold Out: Levitt Corp. (LEV)
Third Avenue Management sold out his holdings in Home Construction company Levitt Corp.. His sale prices were between $2.01 and $10.43, with an estimated average price of $5. The impact to his portfolio due to this sale was less than 0.01%.
Levitt Corporation, together with its subsidiaries, operates as a homebuilding and real estate development company in the southeastern United States. The company operates in two divisions, Homebuilding and Land. Levitt Corp. has a market cap of $171.56 million; its shares were traded at around $1.95 with P/S ratio of 0.33. The dividend yield of Levitt Corp. stocks is 4.1%.
Sold Out: Magma Design Automation Inc. (LAVA)
Third Avenue Management sold out his holdings in Software company Magma Design Automation Inc.. His sale prices were between $12.48 and $14.85, with an estimated average price of $13.9. The impact to his portfolio due to this sale was less than 0.01%.
Magma Design Automation, Inc. provides electronic design automation software products and related services. The company's products comprise a digital integrated solution for the chip development cycle, from initial design through physical implementations. Magma Design Automation Inc. has a market cap of $546.60 million; its shares were traded at around $13.39 with P/S ratio of 2.81.
Sold Out: The Buckle Inc. (BKE)
Third Avenue Management sold out his holdings in Apparel Retailers company The Buckle Inc.. His sale prices were between $34.05 and $38.89, with an estimated average price of $36.8. The impact to his portfolio due to this sale was less than 0.01%.
The Buckle, Inc. operates retail stores that offer casual apparel, footwear, and accessories for young men and women in the United States. It markets casual apparel, including denims, bottoms, tops, sportswear, outerwear, accessories, and footwear. The Buckle Inc. has a market cap of $1000 million; its shares were traded at around $36.21 with P/E ratio of 14.86 and P/S ratio of 1.87. The dividend yield of The Buckle Inc. stocks is 2.8%.
Sold Out: Watson Pharmaceuticals Inc. (WPI)
Third Avenue Management sold out his holdings in Pharmaceuticals company Watson Pharmaceuticals Inc.. His sale prices were between $29.82 and $33.04, with an estimated average price of $31.4. The impact to his portfolio due to this sale was less than 0.01%.
Watson Pharmaceuticals, Inc. engages in the development, manufacture, marketing, and distribution of branded and generic pharmaceutical products in the United States. Watson Pharmaceuticals Inc. has a market cap of $2.82 billion; its shares were traded at around $27.87 with P/S ratio of 1.16.
Sold Out: DENISON MINES CORP COM NPV (DNN)
Third Avenue Management sold out his holdings in Pharmaceuticals company DENISON MINES CORP COM NPV. His sale prices were between $7.77 and $12.86, with an estimated average price of $10.1. The impact to his portfolio due to this sale was less than 0.01%.
Denison Mines Corp., together with its subsidiaries, engages in the acquisition, exploration, development, mining, and production of uranium, and precious and base metal properties in the United States, Canada, and Mongolia. DENISON MINES CORP COM NPV has a market cap of $1.77 billion; its shares were traded at around $9.83 with P/E ratio of 89.81 and P/S ratio of 38.64.
