The Los Angeles-based institutional money management firm, FPA Capital Fund (Trades, Portfolio), sold shares in the following stocks during the fourth quarter.
The guru sold 25.43% of its Noble Energy Inc. (NBL) stake, impacting the portfolio by -2.14%.
The independent energy company has a market cap of $15.33 billion and an enterprise value of $22.14 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. Its return on equity (ROE) of -11.74% and return assets (ROA) of -5.24% are underperforming 64% of companies in the Global Oil and Gas E&P industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.10 is below the industry median of 0.51.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.46% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 0.33% and Pioneer Investments (Trades, Portfolio) with 0.21%.
The holding of Patterson-UTI Energy Inc. (PTEN) was reduced by 28.95%. The trade had an impact of -1.91% on the portfolio.
The land rig drilling contractor has a market cap of $4.15 billion and an enterprise value of $4.97 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. Its ROE of 0.18% and ROA of 0.12% are outperforming 66% of companies in the Global Oil and Gas Drilling industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.05 is below the industry median of 0.40.
The largest shareholder of the company among the gurus is Steven Cohen (Trades, Portfolio) with 1.17% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.85%.
The guru cut 32.89% of its Houghton Mifflin Harcourt Co. (HMHC)’s position. The transaction had an impact of -1.48% on the portfolio.
The company provides content, services and technology to both educational institutions and consumers. It has a market cap of $870.53 million and an enterprise value of $1.41 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. Its ROE of -12.99% and ROA of -3.92% are underperforming 88% of companies in the Global Education and Training Services industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.31 is below the industry median of 2.93.
First Pacific Advisors (Trades, Portfolio) is the largest shareholder of the company among the gurus with 2.31% of outstanding shares followed by Chuck Royce (Trades, Portfolio) with 1.36% and Jim Simons (Trades, Portfolio) with 0.34%.
The guru reduced its position in Avnet Inc. (AVT) by 16.81%, impacting the portfolio by -1.22%.
The value-added distributor of electronic components has a market cap of $4.98 billion and an enterprise value of $5.98 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. Its ROE of 8.99% and ROA of 4.37% are outperforming 56% of companies in the Global Electronics Distribution industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.42 is below the industry median of 1.41.
The largest shareholder of the company among the gurus is Richard Pzena (Trades, Portfolio) with 7.53% of outstanding shares followed by Hotchkis & Wiley with 1.16% and Diamond Hill Capital (Trades, Portfolio) with 0.94%.
The fund exited 31.06% of its holding in Helmerich & Payne Inc. (HP). The trade had an impact of -1.15% on the portfolio.
The company operates in contract drilling of oil and gas wells. It has a market cap of $7.58 billion and an enterprise value of $7.65 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. Its ROE of 9.31% and ROA of 6.25% are outperforming 79% of companies in the Global Oil and Gas Drilling industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 0.86 that is above the industry median of 0.40.
Royce is the largest shareholder of the company among the gurus with 0.51% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 0.38% and Ken Fisher (Trades, Portfolio) with 0.33%.
The Arrow Electronics Inc. (ARW) holding was trimmed by 31.67%, impacting the portfolio by -1.31%.
The value-added distributor of electronic components, software, and data center infrastructure hardware has a market cap of $6.67 billion and an enterprise value of $9.28 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. While the ROE of 8.56% is outperforming the sector, its ROA of 2.74% is underperforming 58% of companies in the Global Electronics Distribution industry. It financial strength is rated 6 out of 10. The cash-debt ratio of 0.22 is above the industry median of 1.41.
The largest shareholder of the company among the gurus is Pzena with 0.35% of outstanding shares followed by Jeremy Grantham (Trades, Portfolio) with 0.06% and Scott Black (Trades, Portfolio) with 0.04%.
The holding of Spirit Airlines Inc. (SAVE) was cut by 26.37%. The transaction had an impact of -1.12% on the portfolio.
The airline company has a market cap of $2.41 billion and enterprise value of $3.01 billion. It offers customers unbundled base fares to strip out any unneeded travel amenities.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. Its ROE of 27.39% and ROA of 11.50% are outperforming 70% of companies in the Global Airlines industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.60 is above the industry median of 0.54.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.18% of outstanding shares followed by Royce with 0.96%.
The Cubic Corp. (CUB)’s holding was trimmed by 51.92%, impacting the portfolio by -0.96%.
The company designs and develops technology systems and products, which are made to suit defense requirements. It has a market cap of $1.7 billion and an enterprise value of $1.94 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of -2.69% and ROA of -1.31% 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 0.17 is above the industry median of 0.53.
The largest shareholder of the company among the gurus is Pzena with 2.79% of outstanding shares followed by Simons with 0.59%, Third Avenue Management (Trades, Portfolio) with 0.49% and Barrow, Hanley, Mewhinney & Strauss with 0.49%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
