Michael Price (Trades, Portfolio) is the 271st richest person in the world, according to Forbes. He manages a portfolio composed of 118 stocks with a total value of $807 million. During the first quarter the guru traded shares in the following stocks:
The investor acquired a 1,255,810-share stake in Banc of California Inc. (BANC) with an impact of 3.22% on the portfolio.
It is a financial holding company that offers banking and financial services including banking, lending and private banking services.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The return on equity (ROE) of 9.64% and return on assets (ROA) of 1.06% are outperforming 66% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.31 is below the industry median of 2.23.
Another notable shareholder among the gurus is Ken Fisher (Trades, Portfolio) with 0.24% of outstanding shares.
The guru reduced his shares in TechnipFMC PLCÂ (FTI) by 68.25% impacting the portfolio by -2.45%.
The company provides services for oil and gas companies. It provides a portfolio of solutions for production and transformation of oil and gas and has subsea, onshore/offshore and surface projects.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 9.81% and ROA of 3.51% are outperforming 66% of the companies in the Global Oil and Gas Equipment and Services industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.97 is above the industry median of 0.55.
First Eagle Investment (Trades, Portfolio) is the largest shareholder among the gurus with 4.28% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 0.3%, Richard Pzena (Trades, Portfolio) with 0.28%, Price with 0.09%, Jim Simons (Trades, Portfolio) with 0.02% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
The investor started a new position in FMC Corp. (FMC) with a stake of 250,000 shares. The transaction had an impact of 2.16% on the portfolio.
It is a diversified chemical company serving agricultural, consumer and industrial markets internationally with solutions, applications and products. Its business segments are FMC Agricultural Solutions, FMC Health & Nutrition and FMC Lithium.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. While the ROE of 1.81% is outperforming the sector, ROA of 0.59% is underperforming 55% of the companies in the Global Chemicals industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.05 is below the industry median of 0.93.
Larry Robbins (Trades, Portfolio) is the largest shareholder among the gurus with 7.9% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 3.62%, Richard Snow (Trades, Portfolio) with 0.34%, Westport Asset Management (Trades, Portfolio) with 0.27%, David Einhorn (Trades, Portfolio) with 0.25%, Cohen with 0.21%, Pioneer Investments (Trades, Portfolio) with 0.11% and Joel Greenblatt (Trades, Portfolio) with 0.04%.
The guru reduced his holding in BMC Stock Holdings Inc. (BMCH) by 24.27% with an impact of -1.96% on the portfolio.
It is a diversified lumber and building materials distributor and solutions provider. Its primary products are lumber and lumber sheet goods, millwork, doors, flooring, windows and structural components among others.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 6.23% and ROA of 2.93% are outperforming 61% of the companies in the Global Building Materials industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.01 is below the industry median of 0.58.
The largest shareholder among the gurus is MFP Investors LLC with 4.93% of outstanding shares followed by Simons with 1.09%, Third Avenue Management (Trades, Portfolio) with 0.38% and Jones with 0.11%.
Price exited his position in Allison Transmission Holdings Inc. (ALSN) with an impact of -1.23% on the portfolio.
The company along with its subsidiaries is engaged in the design and manufacture of commercial and defense fully automatic transmissions. It manufactures transmissions for medium- and heavy-duty commercial vehicles and defense vehicles.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 23.64% and ROA of 5.79% are outperforming 57% of the companies in the Global Auto Parts industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.05 is below the industry median of 0.75.
Lou Simpson (Trades, Portfolio) is the largest shareholder among the gurus with 3.19% of outstanding shares followed by Simons with 0.65%, Wallace Weitz (Trades, Portfolio) with 0.44%, HOTCHKIS & WILEY with 0.33%, RS Investment Management (Trades, Portfolio) with 0.32% and Lee Ainslie (Trades, Portfolio) with 0.05%.
The investor raised his position in Trinity Place Holdings Inc. (TPHS) by 41.53%. The trade had an impact of 1.1% on the portfolio.
The company sells, repositions or redevelops its properties and with its subsidiaries filed voluntary petitions for reorganization relief under Chapter 11 on Nov. 2, 2011.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of -18.41% and ROA of -7.01% are underperforming 96% of the companies in the Global Real Estate – General industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.55 is above the industry median of 0.35.
The largest shareholder among the gurus is Third Avenue Management with 15.36% of outstanding shares followed by MFP Investors LLC with 13.15% and Kahn Brothers (Trades, Portfolio) with 3.38%.
The guru increased his holding in Cabela's Inc. (CAB) by 69.24%. The transaction had an impact of 0.86% on the portfolio.
It is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The company operates in four segments: Retail, Direct, Financial Services and Corporate Overhead and Other.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. While the ROE of 7.30% is outperforming the sector, the ROA of 1.65% is underperforming 58% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.97.
Simons is the largest shareholder among the gurus with 0.76% of outstanding shares followed by Private Capital (Trades, Portfolio) with 0.44%, Mario Gabelli (Trades, Portfolio) with 0.31%, George Soros (Trades, Portfolio) with 0.01% and Murray Stahl (Trades, Portfolio) with 0.01%.
The investor cut his holding of Heritage Oaks Bancorp (HEOP) by 71.36%. The trade had an impact of -0.86% on the portfolio.
The company through Heritage Oaks Bank offers banking products and services to small and medium-sized businesses and consumers.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 7.98% and ROA of 0.87% are underperforming 55% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.43 is below the industry median of 2.23.
The largest shareholder among the gurus is Simons with 0.76% of outstanding shares followed by Price with 0.67% and Gabelli with 0.05%.
Price reduced his position in Boston Scientific Corp. (BSX) by 28.57%. The transaction had an impact of -0.53% on the portfolio.
The company is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 6.60% and ROA of 2.44% are outperforming 57% of the companies in the Global Medical Devices industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.03 is below the industry median of 2.55.
The largest shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with 3.09% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 3.05%, Simons with 0.42%, Diamond Hill Capital (Trades, Portfolio) with 0.25%, David Tepper (Trades, Portfolio) with 0.24%, Pioneer Investments with 0.14%, Greenblatt with 0.12%, Julian Robertson (Trades, Portfolio) with 0.07% and Gabelli with 0.05%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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