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David Goodloe
David Goodloe
Articles (769) 

Michael Price Buys More Than 3.5 Million Shares of Building Materials Company

Guru sells stake in United States Steel in 4th quarter

Michael Price (Trades, Portfolio), manager of MFP Investors, bought 25 new stakes in the fourth quarter. The largest was his purchase of a 3,578,527-share stake in BMC Stock Holdings Inc. (STCK), an Atlanta-based building materials and solutions provider for professional contractors.

The guru paid an average price of $16.9 per share in a deal that had a 7.39% impact on his portfolio.

Price’s stake is 5.47% of the company’s outstanding shares and 7.39% of his total assets. Price is BMC’s leading shareholder among the gurus.

BMC Stock Holdings has a P/E of 29.8, a P/B of 2.7 and a P/S of 0.3. GuruFocus gives BMC Stock Holdings a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.

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BMC Stock Holdings sold for $15.49 per share Thursday.

Price acquired a 2,920,577-share stake in Trinity Place Holdings Inc. (TPHS), a real estate development company based in New York, for an average price of $6.11 per share. The transaction had a 2.21% impact on Price’s portfolio.

Price’s stake is 11.57% of Trinity Place’s outstanding shares and 2.21% of Price’s total assets. Price is Trinity Place’s leading shareholder among the gurus.

Trinity Place has a P/S of 155. GuruFocus gives Trinity Place a Financial Strength rating of 6/10 and a Profitability and Growth rating of 3/10.

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Trinity Place sold for $6.28 per share Thursday.

Price purchased a 951,893-share stake in Atlantic Capital Bancshares Inc. (NASDAQ:ACBI), an Atlanta-based provider of commercial banking products and services, for an average price of $14.56 per share. The deal had a 1.76% impact on Price’s portfolio.

Price’s stake is 3.91% of Atlantic Capital’s outstanding shares and 1.76% of Price’s total assets. Price is Atlantic Capital’s only shareholder among the gurus.

Atlantic Capital has a forward P/E of 16.2 and a P/B of 1.1.

Atlantic Capital sold for $12.60 per share Thursday.

Price bought a 217,500-share stake in Fossil Group Inc. (NASDAQ:FOSL), a Richardson, Texas-based designer and manufacturer of watches, jewelry, sunglasses, wallets, handbags and belts, for an average price of $45.22 per share. The transaction had a 0.98% impact on Price’s portfolio.

Price’s stake is 0.45% of Fossil’s outstanding shares and 0.98% of Price’s total assets. Fossil’s leading shareholder among the gurus is Columbia Wanger (Trades, Portfolio) with a stake of 1,534,706 shares. The stake is 3.19% of Fossil’s outstanding shares and 0.56% of Columbia Wanger (Trades, Portfolio)’s total assets.

Fossil has a P/E of 8.4, a forward P/E of 14.1, a P/B of 2.6 and a P/S of 0.8. GuruFocus gives Fossil a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.

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Fossil sold for $50.57 per share Thursday.

Price acquired a 634,129-share stake in Crimson Wine Group Ltd. (CWGL), a Napa, California-based owner and operator of vineyard land and wineries in California, Oregon and Washington, for an average price of $8.98 per share. The deal had a 0.69% impact on Price’s portfolio.

Price’s stake is 2.6% of Crimson Wine Group’s outstanding shares and 0.69% of the guru’s total assets. Price is the only guru with shares in Crimson Wine Group.

Crimson Wine Group has a P/E of 52.7, a P/B of 1 and a P/S of 3.4. GuruFocus gives Crimson Wine Group a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.

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Crimson Wine Group sold for $8.40 per share Thursday.

Price sold his 513,017-share stake in FMC Corp. (NYSE:FMC), a chemical manufacturing company based in Philadelphia, for an average price of $39.62 per share. The divestiture had a -2.6% impact on Price’s portfolio.

FMC’s leading shareholder among the gurus is Larry Robbins (Trades, Portfolio) with a stake of 11,891,522 shares. The stake is 8.9% of FMC’s outstanding shares and 2.62% of Robbins’ total assets.

FMC has a P/E of 10.6, a forward P/E of 12, a P/B of 2.8 and a P/S of 1.6. GuruFocus gives FMC a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.

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FMC sold for $38.61 per share Thursday.

Price sold his 850,000-share stake in United States Steel Corp. (NYSE:X), a Pittsburgh-based steel company, for an average price of $9.79 per share. The deal had a -1.32% impact on Price’s portfolio.

United States Steel’s leading shareholder among the gurus is Richard Snow (Trades, Portfolio) with a stake of 259,895 shares. The stake is 0.18% of the company’s outstanding shares and 0.08% of Snow’s total assets.

United States Steel has a forward P/E of 500, a P/B of 0.7 and a P/S of 0.1. GuruFocus gives United States Steel a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.

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United States Steel sold for $12.40 per share Thursday.

Price raised his stake in FMC Technologies Inc. (NYSE:FTI), a Houston-based provider of oil and gas equipment services, by more than 234%. Price purchased 445,000 shares for an average price of $32.47 per share in a transaction that had a 1.85% impact on his portfolio.

Price’s stake, now 635,000 shares, is 0.28% of FMC Technologies’ outstanding shares and 2.64% of Price’s total assets. Frank Sands (Trades, Portfolio) is FMC Technologies’ leading shareholder among the gurus with a stake of 13,903,990 shares. The stake is 6.13% of FMC Technologies’ outstanding shares and 1.04% of Sands’ total assets.

FMC Technologies has a P/E of 15.6, a forward P/E of 21, a P/B of 2.4 and a P/S of 1. GuruFocus gives FMC Technologies a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.

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FMC Technologies sold for $26.43 per share Thursday.

Price boosted his stake in Plains All American Pipeline LP (NYSE:PAA), a Houston-based oil pipeline company, by more than 3,677%. Price bought 407,500 shares for an average price of $26.76 per share. The deal had a 1.16% impact on Price’s portfolio.

Price’s stake in the company is now 418,581 shares, which is 0.11% of the company’s outstanding shares and 1.19% of Price’s total assets. Plains All American’s leading shareholder among the gurus is Jim Simons (Trades, Portfolio) with a stake of 984,314 shares. The stake is 0.25% of the company’s outstanding shares and 0.05% of Simons’ total assets.

Plains All American has a P/E of 18.8, a forward P/E of 10, a P/B of 1.1 and a P/S of 0.4. GuruFocus gives Plains All American a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.

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Plains All American sold for $22.50 per share Thursday.

Price hiked his stake in Allison Transmission Holdings Inc. (NYSE:ALSN), a manufacturer of commercial duty automatic transmissions and hybrid propulsion systems based in Indianapolis, by 900%. Price acquired 225,000 shares for an average price of $27.34 per share. The transaction had a 0.72% impact on Price’s portfolio.

Price’s stake, now 250,000 shares, is 0.15% of Allison Transmission Holdings’ outstanding shares and 0.8% of Price’s total assets. Allison Transmission Holdings’ leading shareholder among the gurus is Jeff Ubben (Trades, Portfolio) with a stake of 19,125,204 shares. The stake is 11.18% of the company’s outstanding shares and 3.43% of Ubben’s total assets.

Allison Transmission Holdings has a P/E of 24.4, a forward P/E of 10.6, a P/B of 3.7 and a P/S of 2.2. GuruFocus gives Allison Transmission Holdings a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.

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Allison Transmission Holdings sold for $25.03 per share Thursday.

Price trimmed his stake in Baker Hughes Inc. (BHI), a Houston-based oilfield services company, by more than 81%. Price sold 87,500 shares for an average price of $51.16 per share. The deal had a -0.68% impact on Price’s portfolio.

Price’s remaining stake is 20,00 shares, which is 0.11% of his total assets. Baker Hughes’ leading shareholder among the gurus is Dodge & Cox with a stake of 33,970,635 shares. The stake is 7.76% of Baker Hughes’ outstanding shares and 1.54% of Dodge & Cox’s total assets.

Baker Hughes has a forward P/E of 82, a P/B of 1.2 and a P/S of 1.3. GuruFocus gives Baker Hughes a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.

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Baker Hughes sold for $46.51 per share Thursday.

Price reduced his stake in National Presto Industries Inc. (NPK), a small kitchen appliances company based in Eau Claire, Wisconsin, by more than 39%. Price sold 51,918 shares for an average price of $86.69 per share. The transaction had a -0.66% impact on Price’s portfolio.

Price’s remaining stake of 81,082 shares is 1.17% of the company’s outstanding shares and 0.83% of the guru’s total assets. Chuck Royce (Trades, Portfolio) is National Presto Industries’ leading shareholder among the gurus with a stake of 585,100 shares. The stake is 8.44% of the company’s outstanding shares and 0.29% of Royce’s total assets.

National Presto Industries has a P/E of 14.9, a P/B of 1.7 and a P/S of 1.3. GuruFocus gives National Presto Industries a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.

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National Presto Industries sold for $81.74 per share Thursday.

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About the author:

David Goodloe
I'm a journalist by training. I grew up in Arkansas and earned my B.A. at the University of Arkansas. I earned my master's degree at the University of North Texas. My background includes stints at newspapers in Arkansas and Texas and teaching news writing and news editing to students at the University of Oklahoma and Richland College here in Dallas. I'm a writer/editor at GuruFocus.

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