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Tiziano Frateschi
Tiziano Frateschi
Articles (1437)  | Author's Website |

FPA Capital Curbs Arris, Western Digital Positions, Exits Foot Locker

The fund's largest sales of the 4th quarter

January 11, 2018 | About:

In the fourth quarter, the FPA Capital Fund (Trades, Portfolio) reduced or exited its positions in the following stocks.

The fund reduced its holding of Arris International PLC (NASDAQ:ARRS) by 40.73%, impacting the portfolio by -4.08%.

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The manufacturer of telecommunications equipment has a market cap of $4.72 billion and an enterprise value of $5.54 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 5.38% and return on assets (ROA) of 2.21% are underperforming 53% of companies in the Global Communication Equipment industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.64 is below the industry median of 2.24.

Hotchks & Wiley is the company's largest shareholder among the gurus with 53.94% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 12.17%, the fund with 3.17% and Chuck Royce (Trades, Portfolio) with 2.79%.

FPA Capital exited its position in Dana Inc. (NYSE:DAN). The trade had an impact of -2.73% on the portfolio.

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The auto parts supplier has a market cap of $4.82 billion and an enterprise value of $6.13 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 65.66% and ROA of 13.43% are outperforming 91% of companies in the Global Auto Parts industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.33 is below the industry median of 0.47.

The company's largest guru shareholder is Mario Gabelli (Trades, Portfolio) with 3.24% of outstanding shares, followed by Royce with 0.81% and Ken Fisher (Trades, Portfolio) with 0.48%.

The Helmerich & Payne Inc. (NYSE:HP) position was trimmed by 47.43%. The transaction had an impact of -2.49% on the portfolio.

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The contract drilling company has a market cap of $7.41 billion and an enterprise value of $7.34 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of -2.96% and ROA of -1.94% are outperforming 53% of companies in the Global Oil and Gas Drilling industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.15 is above the industry median of 0.37.

First Pacific Advisors (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.6% of outstanding shares, followed by Royce with 0.48%, Fisher with 0.34% and Prem Watsa (Trades, Portfolio) with 0.32%.

FPA reduced its position in Cubic Corp. (NYSE:CUB) by 60.94%. The trade had an impact of -2.3% on the portfolio.

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The company, which develops technology systems and products for the defense industry, has a market cap of $1.63 billion and an enterprise value of $1.81 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of -1.66% and ROA of -0.79% are underperforming 79% of companies in the Global Aerospace and Defense industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.24 is below the industry median of 0.43.

The company's largest guru shareholder is Richard Pzena (Trades, Portfolio) with 3.48% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.64% and Barrow, Hanley, Mewhinney & Strauss with 0.5%.

The fund reduced its Western Digital Corp. (NASDAQ:WDC) holding by 21.58%. The trade had an impact of -2.02% on the portfolio.

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The manufacturer of hard disk drives has a market cap of $23.93 billion and an enterprise value of $30.14 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 12.89% and ROA of 4.89% are underperforming 65% of companies in the Global Data Storage industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.53 is below the industry median of 1.44.

With 0.87% of outstanding shares, David Tepper (Trades, Portfolio) is the company's largest guru shareholder, followed by Simons with 0.49% and PRIMECAP Management (Trades, Portfolio) with 0.36%.

The fund closed its Foot Locker Inc. (NYSE:FL) position, impacting the portfolio by -1.91%.

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The footwear retailer has a market cap of $5.61 billion and an enterprise value of $4.85 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 19.03% and ROA of 13.62% are outperforming 84% of companies in the Global Footwear and Accessories industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 7.06 is above the industry median of 1.50.

The company's largest guru shareholder is Simons with 0.59% of outstanding shares, followed by Ray Dalio (Trades, Portfolio) with 0.2% and Joel Greenblatt (Trades, Portfolio) with 0.19%.

The fund closed its Federated Investors Inc. (NYSE:FII) holding. The trade had an impact of -1.35% on the portfolio.

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The asset management company has a market cap of $3.5 billion and an enterprise value of $3.44 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 32.68% and ROA of 18.44% are outperforming 85% of companies in the Global Asset Management industry. Its financial strength is rated 5 out of 10. The cash-debt ratio is 0.92.

Royce is the company's largest shareholder among the gurus with 2.49% of outstanding shares, followed by Ronald Muhlenkamp (Trades, Portfolio) with 0.29%.

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

About the author:

Tiziano Frateschi
You can read about me on this blog: www.theextraincome.info

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