PRIMECAP Management (Trades, Portfolio) increased its shares in many stocks during the third quarter, but particularly huge increases – of 3,982.32% and 1,224.40% – were seen in Boot Barn Holdings Inc. (BOOT) and The Rubicon Project Inc. (RUBI).
Other stocks in PRIMECAP's portfolio that saw increases of over 100% were Stratasys Ltd. (SSYS), Las Vegas Sands Corp. (LVS), Avalanche Biotechnologies Inc. (AAVL), Twitter Inc. (TWTR), Hilton Worldwide Holdings Inc. (HLT) and Avis Budget Group Inc. (CAR).
PRIMECAP was founded in September 1983 in Pasadena, California. It manages Vanguard Capital Opportunity Fund and Vanguard PRIMECAP Core Fund.
Stratasys Ltd.
It has had a position in the portfolio since 2011; in the second quarter the firm increased its stake by 37.21%. In the third quarter the firm increased its stake by 202.82% at an average price of $26.49 per share. The deal had an impact of 0.05% on the portfolio, and the stock price dropped 22%. The stock traded for $20.57 on Wednesday.
The company has a market cap of $1.13 billion and enterprise value of $900.72 million. It operates in the Global Computer Systems industry. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 6/10. It has a forward P/E ratio of 38.17, a P/B of 0.75 and a P/S of 1.51.
The stock saw increases of 26.37% and 3.44% from Mario Gabelli (Trades, Portfolio) and Mairs and Power (Trades, Portfolio).
Las Vegas Sands Corp.
The position was established in Q4 2012 and has seen infrequent activity from the fund since. In the second quarter the fund reduced its holding by 3.23%; in the third quarter the firm increased its stake by 190.20% at an average price of $50.41 per share. The deal had an impact of 0.06% on the portfolio, and the stock price dropped 23%. The stock traded for $38.91 on Wednesday.
The company has a market cap of $39.01 billion and enterprise value of $39.82 billion. It operates in the Global Resorts & Casinos industry. GuruFocus has given the stock a financial strength rating of 8/10 and a profitability and growth rating of 8/10. It has a P/E ratio of 14.00, a forward P/E ratio of 14.73, a P/B of 4.50 and a P/S of 2.55.
During the third quarter T Rowe Price Equity Income Fund (Trades, Portfolio) increased its holding by 11.38%.
Avalanche Biotechnologies Inc.
The position was established in Q3 2014, and the firm increased its stake by 253.89% in the second quarter. In the third quarter the fund increased its holding by 445.24% at an average price of $12.78 per share. The stock price dropped 50%, and the stock traded for $6.22 on Wednesday.
The company has a market cap of $175.93 million and operates in the Global Biotechnology industry. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 1/10. It has a P/B of 0.71 and a P/S of 115.19.
Paul Tudor Jones (Trades, Portfolio) reduced his stake, and Chuck Royce (Trades, Portfolio) acquired a new position.
Twitter Inc.
The position was established in Q4 2013; in the last three quarters the fund has been increasing its stake by 431.49%, 51.65% and 8.18%. In the third quarter the firm increased its holding by 431.92% at an average price of $30.05 per share. The deal had an impact of 0.01% on the portfolio, and the stock price dropped 35%. The stock traded for $19.62 on Wednesday.
The company has a market cap of $13.65 billion and enterprise value of $11.66 billion. It operates in the Global Internet Content & Information industry. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 3/10. It has a forward P/E ratio of 28.74, a P/B of 3.18 and a P/S of 6.53.
Paul Tudor Jones (Trades, Portfolio) and Pioneer Investments (Trades, Portfolio) increased their holdings by 61.52% and 21.71%.
Hilton Worldwide Holdings Inc.
The stock is new in the portfolio. The fund acquired a position in the second quarter and in the third quarter the firm increased its stake by 205.34% at an average price of $25.8 per share. The deal had an impact of 0.01% on the portfolio, and the stock price declined 24%. The stock traded for $19.47 on Wednesday.
The company has a market cap of $19.23 billion and enterprise value of $29.28 billion. It operates in the Global Lodging industry.
GuruFocus has given the stock a financial strength rating of 4/10 and a profitability and growth rating of 5/10. It has a P/E ratio of 25.90, a forward P/E ratio of 16.75, a P/B of 3.73 and a P/S of 1.71.
The stock saw a big increase of 103.75% from Leon Cooperman (Trades, Portfolio). Ron Baron (Trades, Portfolio) is another investor who increased his stake by 21.48%.
Avis Budget Group Inc.
The fund established a position in Q3 2013 but sold its position a year later. In the second quarter of 2015 the firm acquired a new position, and in the third quarter the firm increased its stake by 110.34% at an average price of $43.37 per share. The deal had an impact of 0.01% on the portfolio, and the stock price dropped 32%. The stock traded for $28.96 on Wednesday.
The company has a market cap of $3.11 billion and enterprise value of $16.05 billion. It operates in the Global Rental & Leasing Services industry.
GuruFocus has given the stock a financial strength rating of 8/10 and a profitability and growth rating of 7/10. It has a P/E ratio of 9.59, a forward P/E ratio of 8.33, a P/B of 5.22 and a P/S of 0.38.
The stock saw a big increase of 194.84% by Paul Tudor Jones (Trades, Portfolio). Whitney Tilson (Trades, Portfolio), Diamond Hill Capital (Trades, Portfolio), Columbia Wanger (Trades, Portfolio), Diamond Hill Capital (Trades, Portfolio) and Larry Robbins (Trades, Portfolio) are other investors who increased their holdings.
Boot Barn Holdings Inc.
The stock is new in the portfolio. The firm acquired a position in the first quarter and in the third quarter the firm increased its holding at an average price of $26.08 per share. The deal had an impact of 0.01% on the portfolio, and the stock price dropped 69%. The stock traded for $8.07 on Wednesday.
The company has a market cap of $273.01 million and enterprise value of $537.2 million. It operates in the Global Apparel Stores industry. GuruFocus has given the stock a financial strength rating of 4/10 and a profitability and growth rating of 3/10. It has a P/E ratio of 25.37, a P/B of 1.84 and a P/S of 0.51.
Chuck Royce (Trades, Portfolio) increased his stake by 35.97%.
The Rubicon Project Inc.
The firm first bought this stock in the second quarter of 2015; in the third quarter the firm increased its stake at an average price of $15.27 per share. The deal had an impact of 0.02% on the portfolio, and the stock price went up 1%. The stock traded for $15.40 on Wednesday.
The company has a market cap of $674.11 million and enterprise value of $592.23 million. It operates in the Global Software - Infrastructure industry. GuruFocus has given the stock a financial strength rating of 4/10 and a profitability and growth rating of 3/10. It has a forward P/E ratio of 17.70, a P/B of 3.04 and a P/S of 2.92.
Chuck Royce (Trades, Portfolio) increased his stake by 26.97%.
