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Tiziano Frateschi
Tiziano Frateschi
Articles (1849)  | Author's Website |

John Paulson Sells Allergan, Precision Castparts, AIG

Top sales by the investor during the 4th quarter

John Paulson (Trades, Portfolio) is the president and portfolio manager of Paulson & Co. Inc. Paulson was ranked by Absolute Return Magazine as the third-largest hedge fund in the world managing approximately $29 billion in merger, event and distressed strategies. The following are the guru's largest sales during the fourth quarter of 2015.

The investor reduced his stake in Allergan PLC (AGN) by 22.97%. The deal had an impact of -2.4% on the portfolio.

The company is engaged in development, manufacturing, marketing, sale and distribution of generic, branded generic, brand name, biosimilar and over-the-counter pharmaceutical products. Fourth quarter net revenue increased 74%, and non-GAAP diluted EPS grew 33%.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 5.65% and ROA of 3.21% that are underperforming 55% of the companies in the Global Drug Manufacturers - Specialty & Generic industry. Financial strength has a rating of 5 out of 10 with a cash-to-debt of 0.03 that is far below the industry median of 2.90.

Vanguard Health Care Fund (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.78% of outstanding shares followed by Andreas Halvorsen (Trades, Portfolio) with 1.51%, Paulson with 1.4%, Daniel Loeb (Trades, Portfolio) with 1.37% and Paul Singer (Trades, Portfolio) with 0.51%.

The guru reduced his stake in Time Warner Cable Inc. (TWC) by 22.75%, and the deal had an impact of -2.16% on the portfolio.

The company provides video, high-speed data and voice services in five geographic areas: New York State, the Carolinas, the Midwest, Southern California and Texas. Driven by accelerated growth in Residential Services and strong growth in Business Services, revenue grew 4.9% for the fourth quarter and 3.9% for the full year, which is the highest fourth-quarter and full-year organic revenue growth in the last five years.

GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 21.66% and ROA of 3.79% that are underperforming 56% of the companies in the Global Pay TV industry. Financial strength has a rating of 6 out of 10 with cash-to-debt of 0.05 that is far below the industry median of 0.53.

The largest shareholder among the gurus is Dodge & Cox with 6.86% of outstanding shares followed by Paulson with 2.07%, Jana Partners (Trades, Portfolio) with 0.83%, Eric Mindich (Trades, Portfolio) with 0.54%, Loeb with 0.49% and Chase Coleman (Trades, Portfolio) with 0.32%.

The investor closed his stake in HCA Holdings Inc. (HCA); the deal had an impact of -1.95% on the portfolio.

It is a health care services company in the U.S. It operates 166 hospitals, comprised of 162 general, acute care hospitals; three psychiatric hospitals and one rehabilitation hospital. In addition, it operated 113 freestanding surgery centers.

GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROA of 6.71% that is outperforming 64% of the companies in in the Global Medical Care industry. Financial strength has a rating of 5 out of 10, with a cash-to-debt of 0.02 that is far below the industry median of 0.32.

Larry Robbins (Trades, Portfolio) is the company's largest shareholder among the gurus with 3.6% of outstanding shares followed by Vanguard Health Care Fund (Trades, Portfolio) with 3%, David Tepper (Trades, Portfolio) with 1.14%, Richard Perry (Trades, Portfolio) with 0.77% and Jim Simons (Trades, Portfolio) with 0.07%.

The guru reduced his stake in Starwood Hotels & Resorts Worldwide Inc. (HOT) by 4.28%, and the deal had an impact of -0.84% on the portfolio.

The company conducts its hotel and leisure business both directly and through its subsidiaries. It has 1,222 properties providing approximately 354,200 rooms in approximately 100 countries and 180,400 employees under its management at its owned and managed properties, vacation ownership resorts and corporate offices.

During the fourth quarter the company entered into a definitive merger agreement with Marriott International, Inc. (MAR) pursuant to which the company agreed to be acquired by Marriott, subject to customary closing conditions, creating the world’s largest hotel company.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 36.21% and ROA of 5.92% that are underperforming 71% of the companies in the Global Lodging industry. Financial strength has a rating of 7 out of 10, with cash to debt of 0.44 that is below industry median of 0.81.

The largest shareholder among the gurus is Paulson with 6.88% of outstanding shares followed by Simons with 0.62%, Ron Baron (Trades, Portfolio) with 0.26%, Paul Tudor Jones (Trades, Portfolio) with 0.24%, Ken Fisher (Trades, Portfolio) with 0.12% and Steven Cohen (Trades, Portfolio) with 0.08%.

The investor exited his stake in Precision Castparts Corp. (PCP) with an impact of -1.95% on the portfolio.

The company is a manufacturer of complex metal components and products and provides high-quality investment castings, forgings and fasteners/fastener systems for critical aerospace and power applications. During the last quarter, total revenue had an increase of 36% over the prior year and same-store sales organic growth of 13%.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 11.59% and ROA of 6.66% that are outperforming 71% of the companies in the Global Metal Fabrication industry. Financial strength has a rating of 8 out of 10 with a cash-to-debt of 0.13 that is a few above the industry median of 1.06.

Ruane Cunniff (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 3.44% of outstanding shares followed by Warren Buffett (Trades, Portfolio) with 3.05%, Mario Gabelli (Trades, Portfolio) with 0.51%, Jeremy Grantham (Trades, Portfolio) with 0.46%, Wallace Weitz (Trades, Portfolio) with 0.31% and Pioneer Investments (Trades, Portfolio) with 0.3%.

The guru closed his stake in Cameron International Corp. (CAM) with an impact of -0.98% on the portfolio.

The company is a provider of flow equipment products, systems and services to oil, gas and process industries. Cooper Cameron is also a manufacturer of centrifugal air compressors, integral and separable gas compressors and turbochargers. Fourth-quarter diluted earnings per share, excluding discontinued operations and other costs, was $1.08 compared to $1.34 for the same period of 2014.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 11.31% and ROA of 4.21% that are outperforming 78% of the companies in the Global Oil & Gas Equipment & Services industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.84 that is below industry median of 0.43.

The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 0.25% of outstanding shares followed by Mario Gabelli (Trades, Portfolio) with 0.22%, Pioneer Investments (Trades, Portfolio) with 0.19%, Jones with 0.18%, Simons with 0.09% and George Soros (Trades, Portfolio) with 0.05%.

The investor reduced his stake in American International Group Inc. (AIG) by 20.54%. The deal had an impact of -0.91% on the portfolio.

It is a holding company which, through its subsidiaries, is engaged in insurance and insurance-related activities in the U.S. and abroad.

GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of 2.16% and ROA of 0.43% that are underperforming 76% of the companies in the Global Insurance - Diversified 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 119.27.

Carl Icahn (Trades, Portfolio) is the company's largest shareholder among the gurus, with 3.68% of outstanding shares followed by HOTCHKIS & WILEY with 1.33%, Paulson with 1.01%, First Pacific Advisors (Trades, Portfolio) with 0.81% and Steven Romick (Trades, Portfolio) with 0.69%.

The guru reduced his stake in Cablevision Systems Corp. (CVC) by 60.35%. The deal had an impact of -0.81% on the portfolio.

It operates through its subsidiary, CSC Holdings. CSC Holdings is a cable operator in the U.S. It also provides high-speed data and Voice over Internet Protocol services, using its television broadband network and Ethernet-based data, Internet, voice and video transport and managed services, to the business market in the New York metropolitan area.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROA of 2.60% that is underperforming 51% of the companies in the Global Pay TV industry. Financial strength has a rating of 6 out of 10 with cash-to-debt of 0.15 that below industry median of 0.53.

The largest shareholder among the gurus is Gabelli with 3.3% of outstanding shares followed by Simons with 1.68%, Paulson with 1.12%, Grantham with 0.34%, Cohen with 0.18% and Singer with 0.09%.

About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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