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David Goodloe
David Goodloe
Articles (769) 

Columbia Wanger Sells 22 Stakes in Second Quarter

Chicago-based Columbia Wanger (Trades, Portfolio) serves mostly investment companies, managing mutual funds for its clients. It prides itself on taking a restrained approach, pinpointing risks to achieve consistent returns.

Columbia Wanger (Trades, Portfolio) bought 13 new stakes in the second quarter, but it was the stakes the firm sold out that got the most attention. Columbia Wanger (Trades, Portfolio) sold 22 stakes in the second quarter.

The firm’s most significant divestiture of the quarter was the sale of its 3,245,542-share stake in Synageva BioPharma Corp. (GEVA), a Lexington, Mass.-based biopharmaceutical company, for an average price of $168.65 per share. The sale had a -1.72% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

Synageva BioPharma has a market cap of $8.86 billion and an enterprise value of $8.15 billion. It has a Price/Book of 12.0 and a Price/Sales of 1,326.

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Columbia Wanger (Trades, Portfolio) sold its 3,823,341-share stake in iGate Corp. (IGTE), a New Jersey-based information technology services company, for an average price of $46.27 per share. The transaction had a -0.89% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

IGate has a market cap of $3.88 billion and an enterprise value of $4.41 billion. It has a P/E of 41.0, a Price/Book of 6.9 and a Price/Sales of 2.6. Mario Gabelli (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of iGate in their portfolios.

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Columbia Wanger (Trades, Portfolio) also sold its 937,600-share stake in Acuity Brands Inc. (NYSE:AYI), an Atlanta-based home furnishings and fixtures company, for an average price of $175.4 per share. The sale had a -0.8% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

Acuity Brands has a market cap of $9.17 billion and an enterprise value of $8.87 billion. It has a P/E of 42.2, a Price/Book of 6.9 and a Price/Sales of 3.5. Ron Baron (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Jim Simons (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Mario Gabelli (Trades, Portfolio) and Lee Ainslie (Trades, Portfolio) have shares of Acuity Brands in their portfolios.

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Columbia Wanger (Trades, Portfolio) also sold a 2,845,800-share stake in Informatica Corp. (INFA), a software company based in Redwood City, California, for an average price of $48.05 per share. The transaction had a -0.68% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

Informatica has a market cap of $5.05 billion and an enterprise value of $4.49 billion. It has a P/E of 49.4, a Price/Book of 4.7 and a Price/Sales of 5.0. Paul Singer (Trades, Portfolio), Meridian Funds (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio) and Lee Ainslie (Trades, Portfolio) have shares of Informatica in their portfolios.

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Columbia Wanger (Trades, Portfolio) also sold its 1,104,400-share stake in Pall Corporation (NASDAQ:PLL), a New York-based supplier of filtration, separations and purification products, for an average price of $112.7 per share. The sale had a -0.6% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

Pall Corporation has a market cap of $13.54 billion and an enterprise value of $13.62 billion. It has a P/E of 35.6, a Price/Book of 8.3 and a Price/Sales of 4.9. Meridian Funds (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Wesport Asset Management, Jeremy Grantham (Trades, Portfolio), Murray Stahl (Trades, Portfolio), Mariko Gordon (Trades, Portfolio) and First Eagle Investment (Trades, Portfolio) have shares of Pall Corporation in their portfolios.

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Columbia Wanger (Trades, Portfolio) also sold its stakes in Blackhawk Network Holdings Inc. (HAWKB), Burlington Stores Inc. (BURL), Kirby Corp. (NYSE:KEX), PVH Corp. (NYSE:PVH), HCC Insurance Holdings Inc. (NYSE:HCC), Shutterfly Inc. (NASDAQ:SFLY), Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY), FleetMatics Group PLC (FLTX), Envestnet Inc. (ENV), Fortune Brands Home & Security Inc. (FBHS), Rosetta Resources Inc. (ROSE), The Michaels Companies Inc. (MIK), Stratasys Ltd. (SSYS), Tyler Technologies Inc. (TYL), DSW Inc. (DSW), MSCI Inc. (MSCI) and Castlight Health Inc. (CSLT).

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About the author:

David Goodloe
I'm a journalist by training. I grew up in Arkansas and earned my B.A. at the University of Arkansas. I earned my master's degree at the University of North Texas. My background includes stints at newspapers in Arkansas and Texas and teaching news writing and news editing to students at the University of Oklahoma and Richland College here in Dallas. I'm a writer/editor at GuruFocus.

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