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Tiziano Frateschi
Tiziano Frateschi
Articles (2008)  | Author's Website |

Prem Watsa Buys ICICI Bank, Leucadia National

Guru's largest trades of the 1st quarter

Prem Watsa (Trades, Portfolio) manages a portfolio of 29 stocks with total value of $1.126 billion. The following are his most heavily weighted trades of the first quarter:

The guru bought 1,500,000 shares in ICICI Bank Ltd ADR (IBN) with an impact of 0.95% on the portfolio.

It is a banking company engaged in providing banking and financial services including retail banking, corporate banking and treasury operations.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 60.09% and ROA of 6.16% that are outperforming 98% of the companies in the Global Banks - Regional - Asia industry. Financial strength has a rating of 6 out of 10 with no debt.

The largest shareholder among the gurus is Ken Fisher (Trades, Portfolio) with 0.43% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.21%, Sarah Ketterer (Trades, Portfolio) with 0.21%, Howard Marks (Trades, Portfolio) with 0.14%, Jeremy Grantham (Trades, Portfolio) with 0.13% and George Soros (Trades, Portfolio) with 0.05%.

The investor acquired 300,000 shares in Leucadia National (Trades, Portfolio) Corp. (LUK) with an impact of 0.43% on the portfolio.

The company through its subsidiaries is engaged in investment banking and capital markets, beef processing, manufacturing, energy projects, asset management and real estate.

During the last quarter total revenue was $2,207,106 compared to $3,184,683 in the first quarter of 2015 and net income (loss) was $218,602 compared to $374,429 in the same quarter of a year before.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of -3.15% and ROA of -0.66% that are underperforming 82% of the companies in the Global Packaged Foods industry. Financial strength has a rating of 5 out of 10 with cash to debt of 3.66 that is above the industry median of 0.67.

First Pacific Advisors (Trades, Portfolio) is the company's largest shareholder among the gurus with 5.77% of outstanding shares followed by Steven Romick (Trades, Portfolio) with 4.92%, Charles Brandes (Trades, Portfolio) with 1.38%, Murray Stahl (Trades, Portfolio) with 0.29%, Third Avenue Management (Trades, Portfolio) with 0.07%, First Eagle Investment (Trades, Portfolio) with 0.06% and Chuck Royce (Trades, Portfolio) with 0.05%.

The guru exited his stake in Solera Holdings Inc. (SLH) with an impact of -0.1% on the portfolio.

The company is a provider of software and services to the automobile insurance claims processing industry.

Revenue for the second quarter had a 9.0% increase over the prior-year second quarter and net income attributable to Solera Holdings for the second quarter was $53.0 million compared to prior-year second quarter net income attributable to Solera Holdings of $4.4 million.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of -70.94% and ROA of -3.55% that are underperforming 91% of the companies in the Global Software - Application industry. Financial strength has a rating of 3 out of 10 with cash to debt of 0.15 that is far below the industry median of 10.51.

The largest shareholder among the gurus is Meridian Funds (Trades, Portfolio) with 0.84% of outstanding shares.

The investor closed his stake in Precision Castparts Corp. (PCP) with an impact of -0.08% on the portfolio.

The company is a manufacturer of complex metal components and products that provide high-quality investment castings, forgings and fasteners/fastener systems for critical aerospace and power applications. Recently Berkshire Hathaway Inc. (BRK.A) announced that it has completed the acquisition of Precision Castparts.

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 72% of the companies in the Global Metal Fabrication industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.13 that is below the industry median of 1.09.

The guru exited his stake in OmniVision Technologies Inc. (OVTI) with an impact of -0.07% on the portfolio.

The company designs, develops and markets high-performance, highly integrated and cost-efficient semiconductor image-sensor devices.

Revenues for the second quarter of fiscal 2016 were $343.1 million, as compared to $329.9 million in the first quarter and $394.0 million in the same quarter of 2015. GAAP gross margin was 21.9%, as compared to 22.6% for the first quarter and 22.0% for the second quarter of a year before.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 4.57% and ROA of 3.57% that are outperforming 50% of the companies in the Global Semiconductors industry. Financial strength has a rating of 8 out of 10 with cash to debt of 19.49 that is above the industry median of 1.73.

The investor reduced his stake in Eros International PLC (EROS) by 41.90% with an impact of -0.06% on the portfolio.

The company co-produces, acquires and distributes Indian language films in multiple formats.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 3.02% and ROA of 1.82% that are underperforming 56% of the companies in the Global Media - Diversified industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.48 that is far below the industry median of 1.64.

Mario Gabelli (Trades, Portfolio) is the company's second-leading shareholder among the gurus with 0.03% of outstanding shares followed by Stahl with 0.02%.

The guru bought 12,500 shares in The ADT Corp. (ADT) with an impact of 0.05% on the portfolio.

The company is engaged in providing monitored security, interactive home and business automation and related monitoring services in the U.S. and Canada. Its products and services include home and business solutions and home health services.

First-quarter revenue grew 1.5% from the same quarter of 2015 and diluted EPS before special items was 49 cents compared to 51 cents in the first quarter of 2015.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 9.61% that is outperforming and ROA of 2.69% that is underperforming 53% of the companies in the Global Security & Protection Services industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.01 that is below the industry median of 0.64.

The largest shareholder among the gurus is Dodge & Cox with 0.77% of outstanding shares followed by Mario Gabelli (Trades, Portfolio) with 0.28%, Louis Moore Bacon (Trades, Portfolio) with 0.01% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.

The investor acquired 9,200 shares in Cleco Corp. (CNL) with an impact of 0.05% on the portfolio.

The company is a public utility holding company that owns a vertically integrated electric utility, Cleco Power, that is engaged in the generation, transmission, distribution and sale of electricity in Louisiana.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 8.11% that is underperforming and ROA of 3.08% that is outperforming 53% of the companies in the Global Utilities - Regulated Electric industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.05 that is far below the industry median of 0.27.

Gabelli is the company's largest shareholder among the gurus with 0.55% of outstanding shares followed by Joel Greenblatt (Trades, Portfolio) with 0.26%, Steven Cohen (Trades, Portfolio) with 0.16%, Jones with 0.07% and Watsa with 0.02%.

The guru bought 6,700 shares in Starwood Hotels & Resorts Worldwide Inc. (HOT) with an impact of 0.05% on the portfolio.

It operates as a hotel and leisure company. It conducts its hotel and leisure business both directly and through its subsidiaries.

EPS from continuing operations for the first quarter of 2016 of 53 cents compared to 58 cents in the first quarter of 2015 and income from continuing operations was $90 million compared to $99 million in the same quarter of a year before.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 36.52% and ROA of 5.84% that are outperforming 72% of the companies in the Global Lodging industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.47 that is below the industry median of 0.70.

The largest shareholder among the gurus is John Paulson (Trades, Portfolio) with 3.26% of outstanding shares followed by Jones with 0.32%, Grantham with 0.19%, Greenblatt with 0.15%, Soros with 0.14%, Gabelli with 0.12% and Simons with 0.07%.

The investor bought 9,800 shares in CSX Corp. (CSX) with an impact of 0.02% on the portfolio.

The company operates as a transportation supplier. It provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 16.29% and ROA of 5.52% that are outperforming 71% of the companies in the Global Railroads industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.11 that is below the industry median of 0.37.

PRIMECAP Management (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.5% of outstanding shares followed by Cohen with 0.47%, Jones with 0.05%, Bacon with 0.01% and Tom Gayner (Trades, Portfolio) with 0.01%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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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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