Richard Snow (Trades, Portfolio) is the founder, president and chief investment officer of Snow Capital, where he initiated nine new positions in the fourth quarter, according to his portfolio update disclosure Wednesday.
Snow’s firm adheres to a fundamental, bottom-up stock picking process, seeking financially attractive companies with temporarily depressed stock prices due to negative events unrelated to their long-term potential. Snow Capital Management has both a hedge fund and mutual funds, as well as separately managed account strategies, with approximately $4.6 billion in total assets under management as of Oct. 31.
The entire firm holds 130 stocks, diversified across multiple industries, with financial services, industrials and consumer cyclical industries at the top at the end of the fourth quarter.
The largest new positions Snow started in the fourth quarter are: Keysight Technologies Inc. (KEYS, Financial), Cypress Semiconductor Corp. (CY, Financial), FMC Corp. (FMC, Financial), Kindred Healthcare Inc. (KND, Financial) and Brinker International Inc. (EAT, Financial).
Keysight Technologies Inc. (KEYS, Financial)
Snow acquired 394,365 shares of Keysight Technologies, which had an average stock price of $31 per share for the quarter. The company’s holds a 0.4% portfolio weight.
Keysight Technologies Inc was incorporated in Delaware on Dec. 6, 2013. Keysight Technologies Inc. has a market cap of $3.71 billion; its shares were traded at around $21.70 with a P/E ratio of 7.27 and P/S ratio of 1.31.
Cypress Semiconductor Corp. (CY, Financial)
Snow purchased 930,890 shares of Cypress Semiconductor Corp., which had an average price of $10 per share. The holding has a 0.36% portfolio weight.
Cypress Semiconductor Corp. was incorporated in California on December 1982. Cypress Semiconductor Corp. has a market cap of $2.12 billion; its shares were traded at around $6.34 with and P/S ratio of 1.24. The dividend yield of Cypress Semiconductor Corp. stocks is 6.94%.
Snow purchased 204,120 shares of FMC Corp., which had an average price of $40 per share. The holding has a 0.32% portfolio weight.
FMC Corp. was incorporated in 1928 under the laws of Delaware. FMC Corp. has a market cap of $4.41 billion; its shares were traded at around $33.04 with a P/E ratio of 5.83 and P/S ratio of 1.09. The dividend yield of FMC Corp. stocks is 2.01%. FMC Corp. had an annual average earnings growth of 10.60% over the past 10 years. GuruFocus rated FMC Corp. the business predictability rank of 5-star.
Kindred Healthcare Inc. (KND, Financial)
Snow purchased 548,325 shares of Kindred Healthcare Inc., which had an average stock price of $13 per share. The holding has a 0.26% portfolio weight.
Kindred Healthcare Inc. was incorporated on March 27, 1998 as a Delaware corporation. Kindred Healthcare Inc. has a market cap of $732.380 million; its shares were traded at around $8.74 with and P/S ratio of 0.11. The dividend yield of Kindred Healthcare Inc stocks is 5.51%.
Brinker International Inc. (EAT, Financial)
Snow purchased 46,285 shares of Brinker International, which had an average stock price of $47 per share. The holding has a 0.09% portfolio weight.
Brinker International Inc. was organized under the laws of the State of Delaware in September 1983. Brinker International Inc. has a market cap of $2.63 billion; its shares were traded at around $46.02 with a P/E ratio of 14.02 and P/S ratio of 0.91. The dividend yield of Brinker International Inc. stocks is 2.6%. Brinker International Inc. had an annual average earnings growth of 7.6% over the past 10 years.
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