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GMT Capital Corp Starts to Invest in Leisure Industry

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Aug 04, 2015
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At the end of the second quarter of 2015, the hedge fund GMT Capital Corp reported a total value of its portfolio of $3,826,630,000 with a decrease of 7.36% since the previous quarter.

During the Q2 2015, the hedge fund bought 26 new stocks and increased 21 stakes. The following are the most heavily weighted buys of U.S. companies the hedge fund has done during that quarter, and two of them are from the Global Leisure Industry.

It bought shares of Accretive Health Inc. (ACHI) with an impact of 0.11% on its portfolio. The Company is a provider of services that help healthcare providers generate sustainable improvements in their operating margins and healthcare quality while also enhancing patient, physician and staff satisfaction across its three offerings – revenue cycle management; quality and total cost of care; and physician advisory services.

The company has a profitability & growth ratio of 6 out of 10 with negative returns (ROA of -11.76% and ROC of -612.99%) that are underperforming the 91% of the Global Health Information Services industry. The company doesn’t have cash problems; financial strength has a ratio of 9/10 and both cash to debt and interest coverage ratio are out of debts.

ACHI is trading with a P/S ratio of 1.18 (while the average ratio of its competitors is 2.17) and the price has dropped by 70% during the last year and by 75% during the last five years.

The company is not held by any guru.


It bought shares of William Lyon Homes (WLH) with an impact of 0.35% on its portfolio. The company together with its subsidiaries is the Western U.S. regional homebuilders. It is mainly engaged in the design, construction and sale of single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington and Oregon. The company conducts its homebuilding operations through six reportable operating segments; California, Arizona, Nevada, Colorado, Washington and Oregon.

The company has a profitability & growth ratio of 3 out of 10 with positive returns (ROE 8.56%, ROA of 2.87% and ROC of 6.51%) that are outperforming the 51% of the Global Residential Construction industry. Financial strength has a ratio of 4/10 with a very low cash to debt of 0.03.

WLH is trading with a P/E(ttm) ratio of 19.33 (while the average P/E of its competitors is 16.80), and the price is flat if compared to one year back but has risen by 521% over the last five years.

The main hedge fund holding shares of the company is

John Paulson (Trades, Portfolio) with 10.56% of outstanding shares, followed by HOTCHKIS & WILEY with 5.28% of shares outstanding and RS Investment Management (Trades, Portfolio) with 5.14%.


It bought shares of SFX Entertainment Inc (SFXE) with an impact of 0.28% on its portfolio. The company is a producer of live events and digital entertainment content focused on the electronic music culture (EMC).

The company has a profitability & growth ratio of 2 out of 10 with negative returns (ROE -49.98%, ROA of -16.98% and ROC of -710.48%) that are underperforming the 92% of the Global Leisure industry. Financial strength has a ratio of 3/10 with a very low cash to debt of 0.15 and an even lower equity to asset ratio of 0.26.

SFXE is trading with a P/B ratio of 1.72 (while the average P/B of its competitors is 1.81) and the price has dropped by 56% during the last year and by 73% during the last five years.

The main hedge fund holding shares of the company is

Ron Baron (Trades, Portfolio) with 4.02% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.44% of shares outstanding and Mario Gabelli (Trades, Portfolio) with 0.01%.


It bought shares of MakeMyTrip Ltd (MMYT) with an impact of 0.26% on its portfolio. It is an online travel company in India. Through its primary website, www.makemytrip.com, and mobile platforms, travellers can research, plan and book travel services and products in India as well as overseas. Its services and products include air tickets, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements such as facilitating access to third-party travel insurance and visa processing.

The company has a profitability & growth ratio of 5 out of 10 with negative returns (ROE -13.49%, ROA of -7.85% and ROC of -83.54%) that are underperforming the 88% of the Global Leisure industry. The company is full of cash; financial strength has a ratio of 7/10 with a very high cash to debt of 88.46.

MMYT is trading with a forward P/E ratio of 93.46 (while the average ratio of its competitors is 17.18) and the price has dropped by 53% during the last year and by 47% during the last 5 years.

The main hedge fund holding shares of the company is

Chase Coleman (Trades, Portfolio) with 4.54% of outstanding shares, followed by Manning & Napier Advisors, Inc. with 1.53% of shares outstanding and Ruane Cunniff (Trades, Portfolio) with 0.71%.


It bought shares of Diamondback Energy Inc. (FANG) with an impact of 0.20% on its portfolio. The company is an independent oil and natural gas company. It is currently engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

The company has a profitability & growth ratio of 6 out of 10 with positive returns (ROE +11.76%, ROA of +6.77% and ROC of +13.17%) that are outperforming the 85% of the Global Oil & Gas E&P industry. The company lacks cash; financial strength has a ratio of 7/10 but the cash to debt ratio is 0.05.

FANG is trading with a P/E(ttm) ratio of 21.57 (while the average ratio of its competitors is 11.60) and the price has dropped by 15% during the last year but has risen by 282% during the last 5 years.

The main hedge fund holding shares of the company is

RS Investment Management (Trades, Portfolio) with 0.66% of outstanding shares, followed by Kyle Bass (Trades, Portfolio) with 0.01% of shares outstanding and T Boone Pickens (Trades, Portfolio) with 0.01%.

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