Mario Cibelli (Trades, Portfolio) of Marathon Capital Management tends to invest on a long-term basis – in stocks he believes will double in a handful of years. His third-quarter purchases may well be in his portfolio three or four years from now.
Cibelli’s most noteworthy third-quarter transaction was his reduction of his stake in Xoom Corp. (XOOM, Financial), a San Francisco-based digital money transfer or remittance provider, by more than 51%. Cibelli sold 820,000 shares for an average price of $24.85 per share. The deal had a -7% impact on his portfolio.
Cibelli also sold about one-fifth of his stake in Xoom in the second quarter.
Xoom has a market cap of $986.59 million and an enterprise value of $834.15 million. It has a forward P/E of 45.3, a P/B of 3.9 and a P/S of 5.5. GuruFocus has given Xoom a Financial Strength rating of 4/10 and a Profitability and Growth rating of 3/10.
Cibelli is Xoom’s leading shareholder among the gurus with 775,000 shares in his portfolio. PRIMECAP Management (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) also have shares of Xoom in their portfolios.
Xoom sold for $24.91 per share Thursday.
Cibelli also reduced his stake in World Wrestling Entertainment Inc. (WWE, Financial), a Stamford, Connecticut-based sports entertainment company, by nearly 25%. Cibelli sold 310,000 shares for an average price of $18.7 per share. The transaction had a -2.07% impact on Cibelli’s portfolio.
World Wrestling Entertainment has a market cap of $1.31 billion and an enterprise value of $1.24 billion. It has a P/E of 54.3, a forward P/E of 31.7, a P/B of 6.2 and a P/S of 2.1. GuruFocus has given World Wrestling Entertainment a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Cibelli is World Wrestling Entertainment’s leading shareholder among the gurus with 950,000 shares in his portfolio. Joel Greenblatt (Trades, Portfolio), Jim Simons (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) also have shares of World Wrestling Entertainment in their portfolios.
On Thursday World Wrestling Entertainment sold for $17.32 per share.
Cibelli bought three new stakes in the third quarter – GrubHub Inc. (GRUB, Financial), Sonic Automotive Inc. (SAH, Financial) and GAMCO Investors Inc. (GBL, Financial).
Cibelli bought 370,000 shares of GrubHub, a Chicago-based mobile and online food-ordering company, for an average price of $29.11 per share. The deal had a 3.89% impact on Cibelli’s portfolio.
GrubHub has a market cap of $2.17 billion and an enterprise value of $1.88 billion. It has a P/E of 58.5, a forward P/E of 39.8, a P/B of 2.5 and a P/S of 6.5. GuruFocus has given Grubhub a Financial Strength rating of 8/10 and a Profitability and Growth rating of 4/10.
Robert Karr (Trades, Portfolio), Julian Robertson (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Chris Davis (Trades, Portfolio), Ron Baron (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of GrubHub in their portfolios.
GrubHub sold for $25.74 per share Thursday.
Cibelli acquired a 230,000-share stake in Sonic Automotive, a Charlotte, N.C.-based automotive retailer, for an average price of $22.34 per share. The deal had a 2.03% impact on Cibelli’s portfolio.
Sonic Automotive has a market cap of $1.17 billion and an enterprise value of $3.27 billion. It has a P/E of 14.7, a forward P/E of 11.0, a P/B of 1.7 and a P/S of 0.1. GuruFocus has given Sonic Automotive a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
HOTCHKIS & WILEY, James Barrow (Trades, Portfolio), Jim Simons (Trades, Portfolio), Steven Cohen (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Sonic Automotive in their portfolios.
On Thursday Sonic Automotive sold for $23.4 per share.
Cibelli increased his existing stake in Noodles & Co. (NDLS, Financial), a Broomfield, Colorado-based fast-casual restaurant chain, by more than 194%. Cibelli bought 505,000 shares for an average price of $13.62 per share. The transaction had a 3.09% impact on Cibelli’s portfolio.
Noodles & Co. has a market cap of $298.44 million and an enterprise value of $356.83 million. It has a forward P/E of 67.1, a P/B of 3.0 and a P/S of 0.7. GuruFocus has given Noodles & Co. a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Noodles & Co. sold for $10.77 Thursday.
Cibeli raised his stake in InterXion Holding NV (INXN, Financial), an Amsterdam-based provider of data center services, by nearly 149%. Cibelli purchased 260,000 shares for an average price of $27.7 per share. The deal had a 3.04% impact on Cibelli’s portfolio.
InterXion Holding has a market cap of $2.09 billion and an enterprise value of $2.64 billion. It has a P/E of 42.1, a forward P/E of 41.7, a P/B of 3.8 and a P/S of 5.3. GuruFocus has given InterXion Holding a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
John Paulson (Trades, Portfolio), David Abrams (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Manning & Napier Advisors Inc., Jim Simons (Trades, Portfolio), Wilbur Ross (Trades, Portfolio), Chris Davis (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) have shares of InterXion Holding in their portfolios.
On Thursday InterXion Holding sold for $29.99 per share.
Cibelli boosted his stake in TripAdvisor Inc. (TRIP, Financial), a Needham, Massachusetts-based travel website company, by about 313%. Cibelli bought 72,000 shares for an average price of $75.67 per share. The transaction had a 1.96% impact on Cibelli’s portfolio.
TripAdvisor has a market cap of $11.99 billion and an enterprise value of $11.67 billion. It has a P/E of 52.5, a forward P/E of 34.7, a P/B of 9.1 and a P/S of 8.3. GuruFocus has given TripAdvisor a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Manning & Napier Advisors Inc., Andreas Halvorsen (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), George Soros (Trades, Portfolio), Jim Simons (Trades, Portfolio), Frank Sands (Trades, Portfolio), John Burbank (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Steven Cohen (Trades, Portfolio) and Ray Dalio (Trades, Portfolio) have shares of TripAdvisor in their portfolios.
TripAdvisor sold for $83.14 per share Thursday.
Cibelli sold his 29,000-share stake in Constellation Brands Inc. (STZ, Financial), a Victor, New York-based beverage company, for an average price of $123.3 per share. The divestiture had a -1.36% impact on Cibelli’s portfolio.
Constellation Brands has a market cap of $27.61 billion and an enterprise value of $34.81 billion. It has a P/E of 29.1, a forward P/E of 28.3, a P/B of 4.6 and a P/S of 4.6. GuruFocus has given Constellation Brands a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Steve Mandel (Trades, Portfolio), Alan Fournier (Trades, Portfolio), Daniel Loeb (Trades, Portfolio), John Burbank (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Jim Simons (Trades, Portfolio), RS Investment Management (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Caxton Associates (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and First Eagle Investment (Trades, Portfolio) have shares of Constellation Brands in their portfolios.
On Thursday Constellation Brands sold for $140.5 per share.
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