Here’s the third quarter update for three companies listed among the S&P500’s "biggest losers," including Pioneer Natural Resources Company (PXD, Financial), Scripps Networks Interactive Inc. (SNI, Financial) and Tenet Healthcare Corp. (THC, Financial). Numerous billionaires hold these stocks and there is active insider trading for all three.
Pioneer Natural Resources Company (PXD)
Current Share Price: $189.83
Up 85% over 12 months, Pioneer Natural Resources Company has a market cap of $26.32 billion; its shares trade with a P/E ratio of 47.10. The dividend yield is 0.04%.
Formed in 1997, Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States, located mainly in Texas, Kansas, Colorado and Alaska.
Company Earnings: The company reported financial results for the third quarter of 2013 with a net income of $91 million, and earnings of $0.65 per diluted share.
Last month the company announced that it would sell its subsidiary, Pioneer Natural Resources Alaska Inc. to Caelus Energy Alaska LLC for $550 million. The deal is expected to be completed by the end of this year.
Guru Action: As of Sept. 30, 2013, Guru Mario Gabelli increased his position by 41.67%, buying 7,055 shares at an average price of $169.89, for a gain of 11.7%.
Across a remarkable trading history, Gabelli averaged a gain of 104% buying 38,735 shares at an average price of $93.08 per share. Selling 14,750 shares at an average price of $90.68 per share, he gained 109%.
Check out numerous gurus holding PXD and active insider selling.
Track historical pricing, revenue and net income:
Tenet Healthcare Corp. (THC)
Current Share Price: $42.33
Up 59% over 12 months, Tenet Healthcare Corporation has a market cap of $4.2 billion; its shares trade with a P/B ratio of 5.10. The company does not pay a dividend.
Incorporated in 1975, Tenet Healthcare Corporation is an investor-owned health care services company whose subsidiaries and affiliates operate acute care hospitals, ambulatory surgery centers, diagnostic imaging centers and related health care facilities. Its core business is focused on providing acute care treatment, including inpatient care, intensive care, cardiac care, radiology services and emergency medical treatment.
Company Earnings: The company reported financial results for the third quarter of 2013 with a net operating revenue of $2.04 billion, up 8.4% from the same quarter last year with revenue of $$2.22 billion. Income from continuing operations was $46 million, up from $35 million in the same quarter of 2012. Earnings per diluted share were $0.45 for the reporting quarter, compared to $0.33 for the third quarter a year ago.
Guru Action: As of Sept. 30, 2013, Vanguard Health Care Fund gained 1.2% on its holding of 1,400,000 shares at an average price of $41.83.
In four quarters, Vanguard has averaged a gain of 100% buying 1,400,000 shares at an average price of $21.16 per share.
Check out more gurus holding THC and recent insider selling.
Track historical pricing, revenue and net income:
Scripps Networks Interactive Inc. (SNI)
Current Share Price: $76.51
Up 28% over 12 months, Scripps Networks Interactive Inc. has a market cap of $11.16 billion; its shares trade with a P/E ratio of 16.90. The dividend yield is 0.75%.
Formed in 2008, Scripps Networks Interactive Inc. is an entertainment company featuring respected television and interactive brands. The company's businesses engage audiences and efficiently serve advertisers by delivering entertaining. The company manages its operations through two reportable operating segments: Lifestyle Media and Interactive Services.
Company Earnings: The company reported financial results for the second quarter of 2013 with revenue of $665 million, up from $600 million in the same quarter of 2012. Net income was reported at $159 million, up from $142 million in the same quarter of 2012. Earnings per diluted share for the reporting quarter were $1.08, up from $0.93 in the second quarter a year ago.
Guru Action: As of Sept. 30, 2013, Guru John Hussman reduced his position by 60%, selling 225,000 shares at an average price of $73.80.
His current shares remaining are 150,000 or 0.1% of shares outstanding.
Hussman has averaged a gain of 26% buying 602,000 shares at an average price of $60.50 per share. Selling 452,000 shares at an average price of $70.46 per share, he gained 9%.
Check out more gurus holding SNI and the recent insider selling.
Track historical pricing, revenue and net income:
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
Pioneer Natural Resources Company (PXD)
Current Share Price: $189.83
Up 85% over 12 months, Pioneer Natural Resources Company has a market cap of $26.32 billion; its shares trade with a P/E ratio of 47.10. The dividend yield is 0.04%.
Formed in 1997, Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States, located mainly in Texas, Kansas, Colorado and Alaska.
Company Earnings: The company reported financial results for the third quarter of 2013 with a net income of $91 million, and earnings of $0.65 per diluted share.
Last month the company announced that it would sell its subsidiary, Pioneer Natural Resources Alaska Inc. to Caelus Energy Alaska LLC for $550 million. The deal is expected to be completed by the end of this year.
Guru Action: As of Sept. 30, 2013, Guru Mario Gabelli increased his position by 41.67%, buying 7,055 shares at an average price of $169.89, for a gain of 11.7%.
Across a remarkable trading history, Gabelli averaged a gain of 104% buying 38,735 shares at an average price of $93.08 per share. Selling 14,750 shares at an average price of $90.68 per share, he gained 109%.
Check out numerous gurus holding PXD and active insider selling.
Track historical pricing, revenue and net income:
Tenet Healthcare Corp. (THC)
Current Share Price: $42.33
Up 59% over 12 months, Tenet Healthcare Corporation has a market cap of $4.2 billion; its shares trade with a P/B ratio of 5.10. The company does not pay a dividend.
Incorporated in 1975, Tenet Healthcare Corporation is an investor-owned health care services company whose subsidiaries and affiliates operate acute care hospitals, ambulatory surgery centers, diagnostic imaging centers and related health care facilities. Its core business is focused on providing acute care treatment, including inpatient care, intensive care, cardiac care, radiology services and emergency medical treatment.
Company Earnings: The company reported financial results for the third quarter of 2013 with a net operating revenue of $2.04 billion, up 8.4% from the same quarter last year with revenue of $$2.22 billion. Income from continuing operations was $46 million, up from $35 million in the same quarter of 2012. Earnings per diluted share were $0.45 for the reporting quarter, compared to $0.33 for the third quarter a year ago.
Guru Action: As of Sept. 30, 2013, Vanguard Health Care Fund gained 1.2% on its holding of 1,400,000 shares at an average price of $41.83.
In four quarters, Vanguard has averaged a gain of 100% buying 1,400,000 shares at an average price of $21.16 per share.
Check out more gurus holding THC and recent insider selling.
Track historical pricing, revenue and net income:
Scripps Networks Interactive Inc. (SNI)
Current Share Price: $76.51
Up 28% over 12 months, Scripps Networks Interactive Inc. has a market cap of $11.16 billion; its shares trade with a P/E ratio of 16.90. The dividend yield is 0.75%.
Formed in 2008, Scripps Networks Interactive Inc. is an entertainment company featuring respected television and interactive brands. The company's businesses engage audiences and efficiently serve advertisers by delivering entertaining. The company manages its operations through two reportable operating segments: Lifestyle Media and Interactive Services.
Company Earnings: The company reported financial results for the second quarter of 2013 with revenue of $665 million, up from $600 million in the same quarter of 2012. Net income was reported at $159 million, up from $142 million in the same quarter of 2012. Earnings per diluted share for the reporting quarter were $1.08, up from $0.93 in the second quarter a year ago.
Guru Action: As of Sept. 30, 2013, Guru John Hussman reduced his position by 60%, selling 225,000 shares at an average price of $73.80.
His current shares remaining are 150,000 or 0.1% of shares outstanding.
Hussman has averaged a gain of 26% buying 602,000 shares at an average price of $60.50 per share. Selling 452,000 shares at an average price of $70.46 per share, he gained 9%.
Check out more gurus holding SNI and the recent insider selling.
Track historical pricing, revenue and net income:
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
