Larry Robbins (Trades, Portfolio) of Glenview Capital Management sold out several stakes in the third quarter.
Glenview Capital Management, founded in 2000 by Larry Robbins (Trades, Portfolio), is a privately held investment management firm. Following are the trades with a high impact on the portfolio.
The guru sold out his stake in McDonald's Corp. (MCD) with an impact of -1.09% on the portfolio.
The company franchises and operates McDonald's restaurants in the foodservice industry. These restaurants serve a broad menu at various price points in more than 100 countries. During the third quarter global comparable sales increased 4.0%, reflecting positive comparable sales in all segments. Consolidated revenues decreased 5% and increased 7% in constant currencies.
The stock is trading with a P/E ratio of 25.18, a forward P/E ratio of 19.27 and P/S ratio of 4.36. GuruFocus gives McDonald's a profitability and growth rating of 7 out of 10 with strong returns of ROE 4.43% and ROA 2.33% that are overperforming 88% of the other companies in the Global Restaurants industry. Financial strength has a rating of 8 out of 10 with a cash-to-debt of 0.14 that is below the industry median of 0.62.
The company’s largest shareholder among the gurus is Mason Hawkins (Trades, Portfolio) with 0.92% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.63%, Jeremy Grantham (Trades, Portfolio) with 0.62% and RS Investment Management (Trades, Portfolio) with 0.04%.
Robbins sold out his stake in Danaher Corp. (DHR) with an impact of -0.64% on the portfolio.
The company designs, manufactures and markets professional, medical, industrial and commercial products and services. Danaher had another good quarter with solid core revenue growth, free cash flow and earnings performance in which revenue increased 6.5% with core revenues increasing 3.0%.
The stock is trading with a P/E ratio of 18.89, a forward P/E ratio of 17.21 and P/S ratio of 3.00. GuruFocus gives Danaher a profitability and growth rating of 8 out of 10 with strong returns of ROE 14.15% and ROA 8.53% that are underperforming 78% of the other companies in the Global Diversified Industrials industry. Financial strength has a rating of 4 out of 10 with a cash-to-debt of 0.12 that is below the industry median of 0.74.
Dodge & Cox is the company's largest shareholder among the gurus with 1.36% of outstanding shares followed by Grantham with 0.5%, First Eagle Investment (Trades, Portfolio) with 0.41% and John Griffin (Trades, Portfolio) with 0.34%.
The guru sold out his stake in Phillips 66 (PSX) with an impact of -0.15% on the portfolio.
Its segment includes Refining and Marketing, Midstream, Chemicals businesses and Marketing and Specialties.
The stock is trading with a P/E ratio of 8.89, a forward P/E ratio of 10.24 and P/S ratio of 0.37. GuruFocus gives Phillips 66 a profitability and growth rating of 6 out of 10 with strong returns of ROE 21.34% and ROA 9.57% that are overperforming 88% of the other companies in the Global Oil & Gas Refining & Marketing industry. Financial strength has a rating of 7 out of 10 with a cash-to-debt of 0.54 that is slightly above the industry median of 0.41.
The company’s largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 11.53% of outstanding shares followed by James Barrow (Trades, Portfolio) with 2.91%, First Eagle Investment (Trades, Portfolio) with 0.56% and NWQ Managers (Trades, Portfolio) with 0.16%.
Robbins sold out his stake in PayPal Holdings Inc. (PYPL) with an impact of -0.5% on the portfolio.
The company is an American company operating a worldwide online payments system. In the third quarter revenue had an increase of 15% on a non-GAAP pro forma basis and 19% on a foreign currency neutral basis.
The stock is trading with a P/E ratio of 73.39, a forward P/E ratio of 18.32 and P/S ratio of 4.70. GuruFocus gives PayPal Holdings a profitability and growth rating of 4 out of 10 with strong returns of ROE 13.39% and ROA 5.78% that are underperforming 71% of the other companies in the Global Credit Services industry. Financial strength has a rating of 6 out of 10, and it is without debts.
Carl Icahn (Trades, Portfolio) is the company's largest shareholder among the gurus with 3.79% of outstanding shares followed by Dodge & Cox with 0.93%, Seth Klarman (Trades, Portfolio) with 0.89% and Manning & Napier Advisors Inc. with 0.62%.
The guru sold out his stake in IMS Health Holdings Inc. (IMS) with an impact of -0.3% on the portfolio.
The company is an information and technology services company. It provides clients in the health care industry with comprehensive solutions to measure and improve their performances.
The stock is trading with a P/E ratio of 20.54, a forward P/E ratio of 12.21 and P/S ratio of 2.87. GuruFocus gives IMS Health Holdings a profitability and growth rating of 5 out of 10 with positive returns of ROE 24.33% and ROA 5.35% that are overperforming 61% of the other companies in the Global Information Technology Services industry. Financial strength has a rating of 4 out of 10 with a cash-to-debt of 0.09 that is far above the industry median of 7.12.
The company’s largest shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with 3.65% of outstanding shares followed by Paul Tudor Jones (Trades, Portfolio) with 0.01%.
Robbins sold out his stake in Sinclair Broadcast Group Inc. (SBGI) with an impact of -0.27% on the portfolio.
The company is a television broadcasting company that owns or provides certain programming, operating or sales services to television stations in the U.S. During the last quarter total revenues increased 10.8% while operating income decreased 2.0% from the same quarter of a year before.
The stock is trading with a P/E ratio of 13.70, a forward P/E ratio of 15.41 and P/S ratio of 1.28. GuruFocus gives Sinclair Broadcast Group a profitability and growth rating of 9 out of 10 with easy returns of ROE 47.76% and ROA 3.86% that are overperforming 59% of the other companies in the Global Broadcasting - TV industry. Financial strength has a rating of 6 out of 10, with a weak cash-to-debt of 0.03 that is far below the industry median of 1.19.
Manning & Napier Advisors Inc. is the company's largest shareholder among the gurus with 8.42% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 0.67%, Mario Gabelli (Trades, Portfolio) with 0.26% and Jones with 0.02%.
The guru sold out its stake in Fossil Group Inc. (FOSL) with an impact of -0.24% on the portfolio.
The company designs, markets and distributes consumer fashion accessories. Its principal offerings include an extensive line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and clothing.
The stock is trading with a P/E ratio of 5.02, a forward P/E ratio of 6.64 and P/S ratio of 0.46. GuruFocus gives Fossil Group a profitability and growth rating of 8 out of 10 with strong returns of ROE 33.79% and ROA 14.09% that are underperforming 87% of the other companies in the Global Footwear & Accessories industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 0.37 that is below the industry median of 0.82.
The company’s largest shareholder among the gurus is Columbia Wanger (Trades, Portfolio) with 2.81% of outstanding shares followed by Wallace Weitz (Trades, Portfolio) with 2.41%, Joel Greenblatt (Trades, Portfolio) with 1.98% and Robert Olstein (Trades, Portfolio) with 0.37%.
He sold out his stake in Carter's Inc. (CRI) with an impact of -0.15% on the portfolio.
The company is a branded marketer in the U.S. of apparel for babies and young children. During the last quarter net sales grew 6% and operating profit had a growth of 18%.
The stock is trading with a P/E ratio of 20.72, a forward P/E ratio of 18.05 and P/S ratio of 1.61. GuruFocus gives Carter's a profitability and growth rating of 8 out of 10 with strong returns of ROE 29.39% and ROA 12.40% that are overperforming 84% of the other companies in the Global Apparel Manufacturing industry. Financial strength has a rating of 9 out of 10 with a cash-to-debt of 0.49 that is below the industry median of 0.82.
RS Investment Management (Trades, Portfolio) is the company's largest shareholder among the gurus with 1.49% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.48%, Chuck Royce (Trades, Portfolio) with 0.38% and Diamond Hill Capital (Trades, Portfolio) with 0.21%.
The guru sold out his stake in Sprint Corp. (S) with an impact of -0.1% on the portfolio.
The company is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers.
The stock is trading with a P/S ratio of 0.43. GuruFocus gives Sprint a profitability and growth rating of 3 out of 10 with negative returns of ROE 4.43% and ROA 2.33% that are underperforming 81% of the other companies in the Global Telecom Services industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.06 that is far below the industry median of 0.41.
The company’s largest shareholder among the gurus is Dodge & Cox with 4.68% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.69%, Gabelli with 0.06% and Simons with 0.01%.
