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BTIM Corp's Top Buys in Q2 2015

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Jul 20, 2015
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At the end of the second quarter of 2015, the hedge fund BTIM Corp reported a total value of its portfolio of $6.56 billion, with a decrease of 2.65% since the previous quarter.

During the Q2 2015, the hedge fund bought 18 new stocks and increased 112 stakes, and the following are the most heavily-weighted buys.


It bought 749,049 shares of Masimo Corp. (MASI) with an impact of 0.44% on its portfolio. The Company is a medical technology company that develops, manufactures, and markets a variety of noninvasive monitoring technologies. Its core business is measure through motion and low perfusion arterial blood oxygen saturation and pulse rate monitoring, known as Masimo SET pulse oximetry.

The stock is trading with a P/E(ttm) ratio of 30.40, while other companies in the Global Medical Devices industry have an average P/E(ttm) ratio of 28.60. The price of the stock has risen by 63% during the last 12 months (79% over the last 5 years) and is now hitting its all-time high. The current price is -1.70% from its 52-week high and +103.26% from its 52-week low.

The stock has positive returns (ROA +13.39% and ROE +22.20%) that are outperforming 91% of other companies in the same sector. Earnings per share of the company grew by 4.30% over the last 5 years, and revenue grew by 12.80%.

The main hedge fund holding shares of the company is

Meridian Funds (Trades, Portfolio) with 1.16% of outstanding shares, followed by the hedge fund of Chuck Royce (Trades, Portfolio) with 0.84% of shares outstanding of MASI and Jim Simons (Trades, Portfolio) who holds 0.27%.


It bought 517,866 shares of Big Lots Inc. (BIG) with an impact of 0.36% on its portfolio. The Company manages its broadline closeout retailing business on the basis of two segments: U.S. and Canada. In its U.S. segment, it evaluates and reports overall sales and merchandise performance based on the following merchandising categories: Food, Consumables, Soft Home, Hard Home, Furniture & Home Decor, Seasonal, and Electronics & Accessories.

The stock is trading with a P/E(ttm) ratio of 16.20, and this ratio is ranked higher than 74% of other companies in the Global Discount Stores industry, which have an average P/E(ttm) ratio of 23.40. The price of the stock is the same of 12 months ago, but has risen by 27% over the last 5 years, and is now -16.87% from its 52-week high and +12.77% from its 52-week low.

The stock has positive returns (ROA +8.40% and ROE +18.09%) that are outperforming the 80% of other companies in the same sector. The company’s revenue grew by 10.90% over the last 5 years, as well as EBITDA which grew by 4.30%. EPS declined by 1.20%.

The main Guru holding shares of the company is

Richard Snow (Trades, Portfolio) with 3.31% of outstanding shares, followed by Joel Greenblatt (Trades, Portfolio) with 2.80% of shares outstanding of BIG and the hedge fund Westport Asset Management (Trades, Portfolio) with 0.93%.


It bought 574,887 shares of Horace Mann Educators (HMN) with an impact of 0.36% on its portfolio. The Company is an insurance holding company. Through its subsidiaries, the company markets and underwrites personal lines of property and casualty (personal lines automobile and homeowners) insurance, retirement annuities (tax-qualified products) and life insurance in the United States.

The stock is trading with a P/E(ttm) ratio of 14.40 and this ratio is ranked higher than 54% of other companies in the Global Insurance Diversified industry, which has an average P/E(ttm) ratio of 13.30. The price of the stock has risen by 26% over the last 12 months (+146% over the last 5 years) and is now -1.74% from its 52-week high and +32.87% from its 52-week low.

The stock has positive returns (ROA +1.15% and ROE +8.45%) that are underperforming 60% of other companies in the same sector. The company’s revenue grew by 1.60% over the last 5 years, as well as EBITDA which grew by 7.10% and EPS that grew by 8.50%.

The main Guru holding shares of the company is Hotchkis & Wiley with 7.11% of shares outstanding, followed by Donald Smith (Trades, Portfolio) with 4.03% of shares outstanding of HMN, and 

John Rogers (Trades, Portfolio) with 1.01%.


It bought 263,155 shares of Dollar General Corp (DG) with an impact of 0.31% on its portfolio. The company is a discount retailer in the United States with 11,879 stores located in 43 states as of February 27, 2015, in the southern, southwestern, midwestern and eastern United States. It offers a selection of merchandise, including consumables, seasonal, home products and apparel.

The stock is trading with a P/E(ttm) ratio of 22.20 and this ratio is ranked higher than 55% of other companies in the Global Discount Stores industry which has an average P/E(ttm) ratio of 23.40. The price of the stock has risen by 45% over the last 12 months (+178% over the last 5 years) and is now -0.53% from its 52-week high and +49.57% from its 52-week low.

The stock has positive returns (ROA +10.06% and ROE +20.79%) that are outperforming 88% of other companies in the same sector. The health of the company is confirmed by its growth ratios; over the last 5 years revenue grew by 11.60%, as well as EBITDA which grew by 14.00% and EPS that grew by 25.60%.

The main Guru holding shares of the company is

Larry Robbins (Trades, Portfolio) with 1.56% of shares outstanding, followed by Daniel Loeb (Trades, Portfolio) with 1.35% of shares outstanding of DG and  Steven Cohen (Trades, Portfolio) with 0.70%.


It bought 1,994,408 shares of Dice Holdings Inc. (DHX) with an impact of 0.27% on its portfolio. The Company is engaged in the provision of specialized websites for select professional communities. Through the Company's online communities, professionals can manage their careers by finding relevant job opportunities and by building their knowledge through original and community-shared content.

The stock is trading with a P/E(ttm) ratio of 17.40 and this ratio is ranked lower than 57% of other companies in the Global Staffing & Outsourcing Services industry which has an average P/E(ttm) ratio of 17.40. The price of the stock has risen by 18% over the last 12 months (+31% over the last 5 years) and is now -21.32% from its 52-week high and +20.53% from its 52-week low.

The stock has positive returns (ROA +6.67% and ROE +16.47%) that are quite low and are underperforming the 55% of other companies in the same sector. Over the last 5 years, revenue grew by 23.60%, as well as EBITDA which grew by 11.40% and EPS that grew by 14.60%.

The main Guru holding shares of the company is

Jim Simons (Trades, Portfolio) with 0.95% of shares outstanding, followed by Joel Greenblatt (Trades, Portfolio) with 0.14% of shares outstanding of DHX and  Paul Tudor Jones (Trades, Portfolio) with 0.07%.


Other buys:

The hedge fund increased its stakes as follow: Ross Stores Inc (ROST) by 93%, Qualcomm Inc (QCOM) by 17%, Valmont Industries (VMI) by 22%, Dril-Quip Inc. (DRQ) by 17% and UMB Financial Corp (UMBF) by 27%.

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