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Tiziano Frateschi
Tiziano Frateschi
Articles (2569)  | Author's Website |

Stocks Mario Gabelli Has Bought for 2 Quarters

The guru increased his stakes in these stocks

Mario Gabelli (Trades, Portfolio) is the founder, chairman and CEO of Gabelli Asset Management Company Investors (GAMCO Investors), a $30 billion global investment firm headquartered in Rye, New York. In both fourth quarter 2015 and first quarter 2016 the guru bought shares in the following stocks:

California Resources Corp. (CRC)

During fourth quarter 2015, the guru increased his stake by 32.68% and in the first quarter increased it 23.24%. The fund currently holds 0.03% of outstanding shares in the stock, an independent company and leading producer of oil and natural gas focused exclusively on California.

First quarter adjusted net loss was 26 cents per diluted share compared with an adjusted net loss of 25 cents per diluted share for the first quarter of 2015. Adjusted EBITDAX was $124 million, compared with $198 million for the same quarter of 2015.

The largest shareholder among the gurus is George Soros (Trades, Portfolio) with 2.06% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.43%, Jeremy Grantham (Trades, Portfolio) with 0.05%, Pioneer Investments (Trades, Portfolio) with 0.02%, Paul Tudor Jones (Trades, Portfolio) with 0.01% and Dodge & Cox with 0.01%.

Cardiovascular Systems Inc. (CSII)

During fourth quarter 2015, the guru increased his stake by 5.07% and in the first quarter increased the stake 3.13%. The fund currently holds 0.11% of the company's outstanding shares. It is engaged in developing, manufacturing and marketing devices for the treatment of vascular diseases. It treats patients suffering from peripheral and coronary arterial diseases, including those with arterial calcium, the difficult arterial disease to treat.

Third quarter revenue grew 17% from the same quarter of a year before and gross profit margin increased to 80.4% from 77.8%.

Mairs and Power (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.75% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.51%.

GNC Holdings Inc. (GNC)

During fourth quarter 2015, Gabelli increased his stake by 4.72% and by 16.90% in the first quarter. The fund currently holds 0.01% of outstanding shares in the company, a specialty retailer of health and wellness products including VMHS products, sports nutrition products and diet products. The company's business segments include Retail, Franchising and Manufacturing/Wholesale.

First quarter revenue had a decrease of 1.8%, and same-store sales decreased 2.6% in domestic company-owned stores.

The largest shareholder among the gurus is Joel Greenblatt (Trades, Portfolio) with 2.81% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 1.13%, Louis Moore Bacon (Trades, Portfolio) with 0.73%, Simons

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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