Richard Perry (Trades, Portfolio) co-founded private investment management firm Perry Capital LLC in 1988, which manages about $14 billion as of August 2008. During the second quarter, the company traded the following stocks.
The guru closed his stake in HCA Holdings Inc. (HCA) with an impact of -10.2% on the portfolio.
HCA is a health care services company. It operates general acute care hospitals, psychiatric hospitals and rehabilitation hospitals. It also operates freestanding surgery centers. During the second quarter, revenues grew 4.3% and net income attributable to HCA Holdings Inc. totaled $658 million, or $1.65 per diluted share, compared to $507 million, or $1.18 per diluted share, in the second quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10, with ROE of 7.34% and ROA of 31.46%, which are outperforming 66% of the companies in the Global Medical Care industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.02, which is below the industry median of 0.42.
The largest shareholder among the gurus is Larry Robbins (Trades, Portfolio) with 3.85% of outstanding shares, followed by Vanguard Health Care Fund (Trades, Portfolio) with 3.09%, David Tepper (Trades, Portfolio) with 0.32%, Andreas Halvorsen (Trades, Portfolio) with 0.29% and Joel Greenblatt (Trades, Portfolio) with 0.24%.
The guru reduced his stake in Ally Financial Inc. (ALLY) by 30.28%, with an impact of -6.05% on the portfolio.
The company offers financial products and services to automotive dealers and their customers. The company is engaged in Dealer Financial Services and Mortgage, Corporate and Other business.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10, with ROE of -1.02% and ROA of 0.73%, which are underperforming 93% of the companies in the Global Specialty Finance industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.09, which is far below the industry median of 2.30.
The investor is the largest shareholder of the company among the gurus, with 3.26% of outstanding shares, followed by Bill Nygren (Trades, Portfolio) with 3.24%, First Pacific Advisors (Trades, Portfolio) with 2.23% and Howard Marks (Trades, Portfolio) with 2.15%.
The investor closed his stake in Spectra Energy Corp. (SE) with an impact of -5.38% on the portfolio.
The company, through its subsidiaries and equity affiliates, owns and operates a portfolio of complementary natural gas-related energy assets. It also owns and operates a crude oil pipeline system. Second quarter dividend was 41 cents per share, compared with 37 cents per share in the same quarter of a year before and ongoing earnings before interest, taxes, depreciation and amortization (EBITDA) were $655 million, compared with $652 million in the prior year quarter.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with ROE of 4.07% and ROA of 0.87%, which are underperforming 67% of the companies in the Global Oil & Gas Midstream industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.02 that is below industry median of 0.05.
The largest shareholder among the gurus is Pioneer Investments (Trades, Portfolio) with 0.01% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.01%.
The guru reduced his stake in American International Group Inc. (AIG) by 29.01%, with an impact of -3.86% on the portfolio.
The company, through its subsidiaries, provides insurance and related services in the United States and abroad. During the last quarter, net income was $1.9 billion, or $1.68 per diluted share, compared to $1.8 billion, or $1.32 per diluted share, in the same quarter of a year before and after-tax operating income was $1.1 billion, or 98 cents per diluted share, compared to $1.9 billion, or $1.39 per diluted share, in the prior year quarter.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10, with ROE of -0.36% and ROA -0.07%, which are underperforming 67% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.05.
Carl Icahn (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 4.26%, followed by HOTCHKIS & WILEY with 1.58%, First Pacific Advisors (Trades, Portfolio) with 1.16%, Steven Romick (Trades, Portfolio) with 0.88% and John Paulson (Trades, Portfolio) with 0.85.
The investor exited his stake in Universal American Corp. (UAM) with an impact of -3.86% on the portfolio.
Through its subsidiaries, the company provides health benefits to people covered by Medicare and/or Medicaid. Its businesses include Medicare Advantage, Medicare Accountable Care Organizations and Medicaid. Second quarter net income was $22.8 million, or 27 cents per share, adjusted net income was $5.0 million, or six cents per share, which excludes the following after-tax items.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10, with ROE of -29.80% and ROA of -7.52%, which are underperforming 96% of the companies in the Global Health Care Plans industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.45, which is below the industry median of 0.97.
The largest shareholder among the gurus is Diamond Hill Capital (Trades, Portfolio) with 8% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.25%.
The investor bought 265,000 shares St Jude Medical Inc. (SFJ) with an impact of 1.44% on the portfolio.
The company develops, manufactures and distributes cardiovascular medical devices for global cardiac rhythm management, cardiovascular, atrial fibrillation therapy areas and neurostimulation medical devices for the management of chronic pain. Second quarter net sales increased 11%, or 2% on a comparable constant currency basis, and diluted earnings per share of 83 cents decreased 19%, as reported. Adjusted earnings per share of $1.06 increased 7% on a constant currency basis.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with ROA of 16.31% and ROC of 5.60%, which are outperforming 69% of the companies in the Global Medical Devices industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.07, which is below the industry median of 2.24.
Vanguard Health Care Fund (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 2.15% of outstanding shares followed by Mairs and Power (Trades, Portfolio) with 1.02%, Jeremy Grantham (Trades, Portfolio) with 0.48% and John Rogers (Trades, Portfolio) with 0.34%.
The guru reduced his stake in Ball Corp. (BLL) by 9.57%, with an impact of -0.96% on the portfolio.
The company is a supplier of metal and plastic packaging to the beverage, food and household products industries. Second quarter comparable earnings per diluted share was $1.05 versus 89 cents in 2015, an increase of 18%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with ROE of 18.90% and ROA of 2.57%, which are underperforming 57% of the companies in the Global Packaging & Containers industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.56, which is above the industry median of 0.49.
The largest shareholder among the gurus is Richard Perry (Trades, Portfolio) with 1.54% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.38%, Leon Cooperman (Trades, Portfolio) with 0.37%, Jim Simons (Trades, Portfolio) with 0.36% and RS Investment Management (Trades, Portfolio) with 0.25%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
Start a free 7-day trial of Premium Membership to GuruFocus.
