Guru Robert Karr (Trades, Portfolio), founder of Joho Capital, bought four new stakes in the fourth quarter, but his biggest deal was a divestiture.
Karr’s most noteworthy fourth-quarter transaction was the sale of his 647,300-share stake in Mead Johnson Nutrition Co. (MJN, Financial), a Glenview, Illinois-based pediatric nutrition company, for an average price of $78.95 per share. The deal had a -13.05% impact on Karr’s portfolio.
David Rolfe (Trades, Portfolio) is Mead Johnson’s leading shareholder among the gurus with a stake of 3,497,161 shares. Rolfe’s stake is 1.77% of the company’s outstanding shares and 3.58% of the guru’s total assets.
Mead Johnson has a P/E of 21, a forward P/E of 18.3 and a P/S of 3.4. GuruFocus gives Mead Johnson a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Mead Johnson sold for $70.53 per share Friday.
Karr also sold his 1,290,268-share stake in iKang Healthcare Group Inc. (KANG, Financial), the largest provider in China's rapidly growing private preventive health care services market, for an average price of $17.35 per share. The transaction had a -5.47% impact on Karr’s portfolio.
Howard Marks (Trades, Portfolio) is the company’s leading shareholder among the gurus with a stake of 48,100 shares. The stake is 0.07% of the company’s outstanding shares and 0.02% of Marks’ total assets.
iKang Healthcare Group has a P/E of 45.7, a forward P/E of 31.5, a P/B of 4.1 and a P/S of 4.2. GuruFocus gives iKang Healthcare Group a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
iKang Healthcare Group sold for $20.09 per share Friday.
Karr increased his existing stake in Cognex Corp. (CGNX, Financial), a Natick, Massachusetts-based industrial automation company, by more than 337%. Karr purchased 1,188,096 shares for an average price of $35.7 per share. The deal had an 11.24% impact on Karr’s portfolio.
Karr’s stake in Cognex is now 1,540,549 shares, which is 1.81% of the company’s outstanding shares and 14.57% of Karr’s total assets. Cognex’s leading shareholder among the gurus is Chuck Royce (Trades, Portfolio) with a stake of 2,715,904 shares. The stake is 3.2% of the company’s outstanding shares and 0.55% of Royce’s total assets.
Cognex has a P/E of 15.1, a forward P/E of 28.8, a P/B of 3.4 and a P/S of 6.4. GuruFocus gives Cognex a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Cognex sold for $33.44 per share Friday.
Karr trimmed his stake in TAL Education Group (XRS, Financial), a Chinese after-school tutoring services provider, by more than 53%. Karr sold 1,014,868 shares for an average price of $41.17 per share. The transaction had a -9.34% impact on Karr’s portfolio.
Karr’s stake in TAL Education is now 883,056 shares, which is 1.11% of the company’s outstanding shares and 11.49% of Karr’s total assets. Karr is the company’s leading shareholder among the gurus.
TAL Education has a P/E of 29.1, a forward P/E of 31.2, a P/B of 8.8 and a P/S of 6.9. GuruFocus gives TAL Education a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
TAL Education sold for $44.88 per share Friday.
Karr pared his stake in GrubHub Inc. (GRUB, Financial), a Chicago-based online food-ordering company, by more than 5%. Karr sold 167,688 shares for an average price of $26.14 per share. The deal had a -1.17% impact on Karr’s portfolio.
Karr’s stake in GrubHub is now 2,978,219 shares, which is 3.51% of the company’s outstanding shares and 20.19% of Karr’s total assets. Karr is GrubHub’s leading shareholder among the gurus.
GrubHub has a P/E of 47.6, a forward P/E of 22.3, a P/B of 2 and a P/S of 5.3. GuruFocus gives GrubHub a Financial Strength rating of 8/10 with no debt and a Profitability and Growth rating of 4.10.
GrubHub sold for $20.93 per share Friday.
Karr invested in four new stakes in the fourth quarter. The guru’s most significant new buy was a 327,400-share stake in Multi-Color Corp. (LABL, Financial), a provider of product label solutions based near Cincinnati, for an average price of $68.48 per share. The transaction had a 5.49% impact on Karr’s portfolio.
Karr’s stake is 1.95% of Multi-Color’s outstanding shares and 5.49% of the guru’s total assets. Karr is Multi-Color’s leading shareholder among the gurus.
Multi-Color has a P/E of 11.8, a forward P/E of 12.3, a P/B of 2.4 and a P/S of 0.9. GuruFocus gives Multi-Color a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Multi-Color sold for $44.49 per share Friday.
Karr acquired a 725,275-share stake in Yirendai Ltd. (YRD, Financial), the consumer finance arm of Chinese lender CreditEase that had its IPO two months ago, for an average price of $9.52 per share. The deal had a 1.92% impact on Karr’s portfolio.
Karr’s stake is 1.24% of Yirendai’s outstanding shares and 1.92% of Karr’s total assets.
Yirendai sold for $3.68 per share Friday.
Karr purchased a 12,516-share stake in Baidu Inc. (BIDU, Financial), a Beijing-based web services company, for an average price of $185.42 per share. The deal had a 0.66% impact on Karr’s portfolio.
Karr’s stake in Baidu is 0.66% of the guru’s total assets. Frank Sands (Trades, Portfolio) is the leading shareholder among the gurus with a stake of 9,629,786 shares. Sands’ stake is 1.89% of Baidu’s outstanding shares and 4.69% of Sands’ total assets.
Baidu has a P/E of 28.2, a forward P/E of 15.6, a P/B of 6 and a P/S of 5.4. GuruFocus gives Baidu a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Baidu sold for $152.73 per share Friday.
Karr acquired a 68,600-share stake in Yelp Inc. (YELP, Financial), a San Francisco-based online business reviews and ratings company, for an average price of $26.46 per share. The transaction had a 0.55% impact on Karr’s portfolio.
Karr’s stake is 0.09% of Yelp’s outstanding shares and 0.55% of Karr’s total assets. Lee Ainslie (Trades, Portfolio) is Yelp’s leading shareholder among the gurus with 1,570,802 shares in his portfolio. Ainslie’s stake is 2.08% of Yelp’s outstanding shares and 0.58% of Ainslie’s total assets.
Yelp has a P/E of 55.6, a forward P/E of 40.7, a P/B of 1.7 and a P/S of 2.3. GuruFocus gives Yelp a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.
Yelp sold for $15.56 per share Friday.
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