FPA Capital Fund (Trades, Portfolio) acquired new stocks and exited some during the fourth quarter. FPA Capital has a concentrated portfolio and invests primarily in undervalued small to mid-cap companies.
The firm acquired 208,730 shares in Houghton Mifflin Harcourt Co. (HMHC) with an impact of 0.74% on the portfolio.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with negative returns of ROE -7.38% and ROA -3.82% that are underperforming 78% of the companies in the Global Education & Training Services industry. Financial strength has a rating of 4 out of 10 with a cash-to-debt of 0.66 that is far below the industry median of 2.43.
The company creates engaging, dynamic and effective educational content and experiences from early childhood to K-12 and beyond the classroom, serving more than 50 million students in more than 150 countries. During the third quarter Houghton Mifflin Harcourt captured approximately 40% market share in its addressable domestic education marke and its net sales increased 4% from the same quarter of a year before.
The company’s largest shareholder among the gurus is Manning & Napier Advisors Inc. with 2.45% of outstanding shares followed by Ron Baron (Trades, Portfolio) with 1.32%, John Keeley (Trades, Portfolio) with 1.14%, First Pacific Advisors (Trades, Portfolio) with 0.44%, Jim Simons (Trades, Portfolio) with 0.36%, Chuck Royce (Trades, Portfolio) with 0.24% and FPA Capital Fund (Trades, Portfolio) with 0.16%.
The fund bought 18,240 shares of Sanderson Farms Inc. (SAFM) with an impact of 0.23% on the portfolio.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE 21.70% and ROA 18.10% that are outperforming 76% of the companies in the Global Packaged Foods industry. Financial strength has a rating of 9 out of 10 with a high cash-to-debt of 19.67 that is far above the industry median of 0.47.
The company is a fully integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The company is also engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms Inc. (Foods Division). While the conditions during the fourth quarter of fiscal 2015 deteriorated in the big bird deboning market, the quarter marked the end of another successful year for Sanderson Farms in which sales had an increase of 1.0% over fiscal 2014
Royce is the company's largest shareholder among the gurus, with 4.71% of outstanding shares followed by Joel Greenblatt (Trades, Portfolio) with 4.37%, Simons with 0.58%, Keeley with 0.14, Steven Cohen (Trades, Portfolio) with 0.12% and FPA Capital Fund (Trades, Portfolio) with 0.08%.
The firm sold out its stake in BWX Technologies Inc. (BWXT) with an impact of -1.79% on the portfolio.
GuruFocus gives the company a profitability and growth rating of 6/10. Its returns are weak but positive as ROE is 3.86% and ROA is 1.30%; they are underperforming 55% of companies in the Global Aerospace & Defense industry. Financial strength has a high rating of 9/10; even so it has a weak cash-to-debt of 0.46 that is above industry median of 0.37.
Through its subsidiaries it is engaged in supplying nuclear components and fuel to the U.S. government. It provides technical, management and site services to support governments in the operation of complex facilities and environmental remediation activities and supplies precision-manufactured components and services for the commercial nuclear power industry. In the third quarter its consolidated revenues for the third quarter had an increase of 6.4%, compared to the third quarter of 2014, and adjusted operating income grew 31.2% compared to the same period of 2014.
The company’s largest shareholder among the gurus is First Pacific Advisors (Trades, Portfolio) with 0.84% of outstanding shares followed by Greenblatt with 0.76%, Simons with 0.02%, Murray Stahl with 0.01% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
The fund also sold shares in Federated Investors Inc. (FII) with an impact of -1.1% on the portfolio.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with strong returns of ROE 25.25% and ROA 14.07% that are outperforming 86% of the companies in the Global Asset Management industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.63.
It is a provider of investment management and related financial services. It has been in the investment management business since 1955. The company offers various products, including money market, equity and fixed-income investments. During the third quarter earnings per diluted share (EPS) grew 17% from the same quarter last year and average managed assets increased 1% from Q3 2014, up 1% from Q2 2015.
Chuck Royce (Trades, Portfolio) is the company's largest shareholder among the gurus with 5.48% of outstanding shares followed by Tom Gayner (Trades, Portfolio) with 1.93%, First Pacific Advisors (Trades, Portfolio) with 0.47%, Pioneer Investments (Trades, Portfolio) with 0.3, Greenblatt with 0.14% and Stahl with 0.07%.
The firm sold out its stake in Barnes & Noble Inc. (BKS) with an impact of -0.62% on the portfolio.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. Its returns are negative as ROE is 4.74% and ROA is 0.63%; they are underperforming 81% of companies in the Global Specialty Retail industry. Financial strength has a rating of 9 out of 10, and cash-to-debt of 0.07 is far below industry median of 0.73.
It is a bookseller and a content, commerce and technology company providing customers access to trade books, textbooks, magazines, newspapers and other content across its multichannel distribution platform. Sales for the second quarter 2016 had a decrease of 4.5% compared to a year ago, and the net loss from continuing operations was 36 cents per share, compared to 16 cents per share in the prior year.
The company's largest shareholder among the gurus is David Abrams (Trades, Portfolio) with 9.05% of outstanding shares followed by Simons with 2.09%, Greenblatt with 1.49%, First Pacific Advisors (Trades, Portfolio) with 0.89%, Jeremy Grantham (Trades, Portfolio) with 0.82%, Michael Price (Trades, Portfolio) with 0.13%, Jones with 0.05% and Mario Gabelli (Trades, Portfolio) with 0.05%.
