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Tiziano Frateschi
Tiziano Frateschi
Articles (2120)  | Author's Website |

Leucadia Opens Positions in FedEx, Adobe System, Broadcom

The guru's largest new buys in the 1st quarter

Leucadia National (Trades, Portfolio) bought shares in the following stocks in the first quarter:

Leucadia bought 6,100 shares in FedEx Corp. (FDX) with an impact of 0.14% on the portfolio.

The company provides a portfolio of transportation, ecommerce and business services. It operates in four business: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services.

Third quarter adjusted earnings was $2.51 per diluted share compared to adjusted earnings of $2.03 per diluted share a year ago. Its strong financial performance was driven by increasing demand for its broad portfolio of FedEx business solutions that helped increase revenue and adjusted profit for the corporation.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 6.57% and ROA of 2.67% that are underperforming 54% of the companies in the Global Integrated Shipping & Logistics industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.34 that is a few below the industry median of 0.38.

PRIMECAP Management (Trades, Portfolio) is the company's largest shareholder among the gurus with 6% of outstanding shares followed by Dodge & Cox with 4.62%, Mason Hawkins (Trades, Portfolio) with 2.49%, Bill Gates (Trades, Portfolio) with 1.13%, Bill Nygren (Trades, Portfolio) with 0.82%, Julian Robertson (Trades, Portfolio) with 0.05%, Pioneer Investments (Trades, Portfolio) with 0.05% and Westport Asset Management (Trades, Portfolio) with 0.05%.

The guru acquired 9,600 shares in Dollar General Corp. (DG) with an impact of 0.12% on the portfolio.

The company is a discount retailer in the U.S. that offers a selection of merchandise including consumables, seasonal, home products and apparel. It reported 13% EPS growth for fiscal 2015 and an increase of 7.7% for net sales. Fourth quarter net sales increased 7%; looking ahead, Dollar General continues to have significant opportunities for growth.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 21.39% and ROA of 10.49% that are outperforming 88% of the companies in the Global Discount Stores industry. Financial strength has a rating of 9 out of 10 with cash to debt of 0.05 that is below the industry median of 0.60.

The largest shareholder among the gurus is Pioneer Investments (Trades, Portfolio) with 0.77% of outstanding shares followed by RS Investment Management (Trades, Portfolio) with 0.21%, Jim Simons (Trades, Portfolio) with 0.14%, Jeremy Grantham (Trades, Portfolio) with 0.07%, Mario Cibelli (Trades, Portfolio) with 0.05%, Manning & Napier Advisors Inc. with 0.05% and Joel Greenblatt (Trades, Portfolio) with 0.03%.

Leucadia bought 11,600 shares in Darden Restaurants Inc. (DRI) with an impact of 0.11% on the portfolio.

The company owns and operates restaurants. Some of its trade names are Red Lobster, Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Eddie V's Prime Seafood, Wildfish Seafood Grille and Yard House.

During the first quarter total sales from continuing operations increased 5.7% and adjusted earnings per diluted share from continuing operations increased 112.5%.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 15.62% and ROA of 6.15% that are outperforming 61% of the companies in the Global Restaurants industry. Financial strength has a rating of 5 out of 10, with cash to debt of 0.48 that is below the industry median of 0.61.

Greenblatt is the company's largest shareholder among the gurus with 0.64% of outstanding shares followed by Simons with 0.14%, Ray Dalio (Trades, Portfolio) with 0.11%, Leucadia National (Trades, Portfolio) with 0.01%, Grantham with 0.01% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.

The guru acquired 8,300 shares in Adobe Systems Inc. (ADBE) with an impact of 0.11% on the portfolio.

The company offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 11.71% and ROA of 6.97% that are outperforming 67% of the companies in the Global Software - Application industry. Financial strength has a rating of 8 out of 10 with cash to debt of 2.14 that is below the industry median of 13.04.

The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 6.64% of outstanding shares followed by Frank Sands (Trades, Portfolio) with 2.22%, Spiros Segalas (Trades, Portfolio) with 1.22%, Steve Mandel (Trades, Portfolio) with 1.01%, Lee Ainslie (Trades, Portfolio) with 0.88%, Eric Mindich (Trades, Portfolio) with 0.28% and Steven Cohen (Trades, Portfolio) with 0.09%.

The guru bought 4,400 shares in Broadcom Ltd. (AVGO) with an impact of 0.1% on the portfolio.

The company is engaged in designing, developing and supplying analog and digital semiconductor connectivity solutions. Its product portfolio serves four end markets: wired infrastructure, wireless communications, enterprise storage and industrial and other.

First quarter net revenue decreased 4% from the previous quarter and increased 8% from the same quarter last year. Gross margin was 53% of net revenue. This compares with gross margin of 54% of net revenue in the prior quarter, and gross margin of 51% of net revenue in the same quarter last year.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 31.87% and ROA of 13.22% that are outperforming 90% of the companies in the Global Semiconductors industry. Financial strength has a rating of 8 out of 10 with cash to debt of 0.55 that is below the industry median of 1.74.

Halvorsen is the company's largest shareholder among the gurus with 2.52% of outstanding shares followed by Daniel Loeb (Trades, Portfolio) with 0.33%, Meridian Funds (Trades, Portfolio) with 0.3%, Ainslie with 0.22%, George Soros (Trades, Portfolio) with 0.04%, RS Investment Management (Trades, Portfolio) with 0.04% and Jana Partners (Trades, Portfolio) with 0.01%.

The guru bought 10,400 shares in Nasdaq Inc. (NDAQ) with an impact of 0.1% on the portfolio.

The company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across six continents.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 9.80% and ROA of 4.47% that are outperforming 65% of the companies in the Global Financial Exchanges industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.23 that is far below the industry median of 9,999.

The largest shareholder among the gurus is Pioneer Investments (Trades, Portfolio) with 0.94% of outstanding shares followed by Grantham with 0.29%, Jones with 0.01% and Murray Stahl (Trades, Portfolio) with 0.01%.

Leucadia acquired 6,200 shares in CME Group Inc. (CME) with an impact of 0.08% on the portfolio.

The company, its futures exchanges and clearing houses serve the risk management and investment needs of customers. It offers products like futures and options, foreign exchange, energy, agricultural commodities, weather derivatives and real estate.

During the last quarter revenue increased 11% compared with first-quarter 2015, and adjusted net income and record adjusted diluted earnings per share increased 18% and 17%.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 6.11% and ROA of 1.75% that are outperforming 55% of the companies in the Global Financial Exchanges industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.55 that is far below the industry median of 9,999.

PRIMECAP Management (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.57% of outstanding shares followed by David Carlson (Trades, Portfolio) with 0.27%, Louis Moore Bacon (Trades, Portfolio) with 0.03%, Tom Gayner (Trades, Portfolio) with 0.03%, Soros with 0.01%, Cohen with 0.01%, Pioneer Investments (Trades, Portfolio) with 0.01% and Ron Baron (Trades, Portfolio) with 0.01%.

The guru bought 16,200 shares in Urban Outfitters Inc. (URBN) with an impact of 0.08% on the portfolio.

It is a lifestyle specialty retail company that operates under the Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands. It also operates a Wholesale segment under the Free People brand.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 17.94% and ROA of 11.91% that are outperforming 80% of the companies in the Global Apparel Stores industry. Financial strength has a rating of 7 out of 10 with cash to debt of 2.18 that is below the industry median of 0.98.

The largest shareholder among the gurus is Greenblatt with 0.91% of outstanding shares followed by Simons with 0.29%, Dalio with 0.1%, Cohen with 0.04%, Leucadia National (Trades, Portfolio) with 0.01%, Soros with 0.01% and Stahl with 0.01%.

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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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