Wilbur Ross (Trades, Portfolio) of Invesco Private Capital (Trades, Portfolio) seldom makes huge – or numerous – quarterly transactions, and the first quarter was no exception as the guru had three significant deals in his portfolio. What was unusual was the fact that, for the first time in nearly two years, none of those transactions involved at least one acquisition.
Of the three deals, Ross’ largest transaction was the reduction of his stake in Etsy Inc. (ETSY, Financial), an ecommerce company dealing primarily in homemade or vintage items (which must be at least 20 years old), by more than 77%. Ross sold 120,071 shares for an average price of $7.97 per share. The transaction had a -0.19% impact on Ross’ portfolio.
The remaining stake of 35,400 shares is 0.03% of Etsy’s outstanding shares and 0.05% of Ross’ total assets. Etsy’s leading shareholder among the gurus is Chase Coleman (Trades, Portfolio) with a stake of 11, 091,426 shares. The stake is 9.81% of Etsy’s outstanding shares and 1.39% of the guru’s total assets.
Etsy has a P/B of 3.2 and a P/S of 3.2. GuruFocus gives Etsy a Financial Strength rating of 7/10 and a Profitability and Growth rating of 2/10 with ROE of -5.97% that is lower than 82% of the companies in the Global Specialty Realty industry and ROA of -3.26 that is lower than 83% of the companies in that industry.
Etsy sold for $9.26 per share Friday. The DCF Calculator gives Etsy a fair value of $-1.71.
Ross sold his 43,357-share stake in GoPro Inc. (GPRO, Financial), a San Mateo, California-based digital camera manufacturer, for an average price of $12.44 per share. The divestiture had a -0.15% impact on Ross’ portfolio.
GoPro’s leading shareholder among the gurus is John Griffin (Trades, Portfolio) with a stake of 1,125,000 shares. The stake is 0.81% of GoPro’s outstanding shares and 0.16% of Griffin’s total assets.
GoPro has a P/B of 2.2 and a P/S of 1.1. GuruFocus gives GoPro a Financial Strength rating of 10/10 with no debt and a Profitability and Growth rating of 5/10 with ROE of -11.69% that is lower than 84% of the companies in the Global Consumer Electronics industry and ROA of -8.34% that is lower than 85% of the companies in that industry.
GoPro sold for $10.78 per share Friday. The DCF Calculator gives GoPro a fair value of $-7.06.
Ross trimmed his stake in Zayo Group Holdings Inc. (ZAYO, Financial), a maker of Internet fiber networks and data centers based in Boulder, Colorado, by nearly 58%. Ross sold 25,557 shares for an average price of $24.36 per share. The deal had a -0.13% impact on Ross’ portfolio.
The remaining stake of 18,705 shares is 0.01% of Zayo Group’s outstanding shares and 0.08% of Ross’ total assets. Zayo Group’s leading shareholder among the gurus is Columbia Wanger (Trades, Portfolio) with a stake of 714,735 shares. The stake is 0.3% of Zayo Group’s outstanding shares and 0.19% of Columbia Wanger (Trades, Portfolio)’s total assets.
Zayo Group has a forward P/E of 43.1, a P/B of 5.3 and a P/S of 4.1. GuruFocus gives Zayo Group a Financial Strength rating of 4/10 and a Profitability and Growth rating of 3/10 with ROE of -3.31% that is lower than 72% of the companies in the Global Communication Equipment industry and ROA of -0.64% that is lower than 65% of the companies in that industry.
Zayo Group sold for $26.98 per share Friday. The DCF Calculator gives Zayo Group a fair value of $-1.71.
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