Ken Heebner (Trades, Portfolio), co-founder of Capital Growth Management, sold shares of the following stocks during the first quarter.
The guru exited his Skechers USA Inc. (SKX, Financial) stake, impacting the portfolio by -2.76%.
The footwear company has a market cap of $4.65 billion and an enterprise value of $4.18 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. Its return on equity of 11.09% and return on assets of 7.58% are outperforming 59% of companies in the Global Footwear and Accessories industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 8.27 is above the industry median of 1.45.
Jim Simons (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.48% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.42% and Lee Ainslie (Trades, Portfolio) with 0.34%.
Heebner closed his position in DDR Corp. (DDR, Financial). The trade had an impact of -2.46% on the portfolio.
The real estate investment trust, which acquires, owns and manages shopping centers, has a market cap of $2.76 billion and an enterprise value of $7.02 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of -8.99% and ROA of -3.17% are underperforming 96% of companies in the Global REIT - Retail industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.40 is below the industry median of 0.52.
The largest shareholder of the company among the gurus is Pioneer Investments (Trades, Portfolio) with 0.47% of outstanding shares, followed by Manning & Napier Advisors Inc. with 0.08% and Paul Tudor Jones (Trades, Portfolio) with 0.04%.
Heebner divested of his D.R. Horton Inc. (DHI, Financial) holding. The transaction had an impact of -2.35% on the portfolio.
The homebuilder has a market cap of $16.49 billion and an enterprise value of $18.89 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 14.85% and ROA of 9.18% are outperforming 76% of companies in the Global Residential Construction industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.31 is below the industry median of 2.23.
Jana Partners (Trades, Portfolio) is the company's largest guru shareholder with 0.29% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.13% and Ken Fisher (Trades, Portfolio) with 0.1%.
The guru also exited his Melco Resorts and Entertainment Ltd. (MLCO, Financial) stake, impacting the portfolio by -2.21%.
The company operates casinos and resorts in Asia. It has a market cap of $15.33 billion and an enterprise value of $18.18 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 13.70% and ROA of 4.42% are outperforming 60% of companies in the Global Resorts and Casinos industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.37 is below the industry median of 0.78.
The company's largest shareholder among the gurus is Mason Hawkins (Trades, Portfolio) with 0.12% of outstanding shares, followed by Simons with 0.06%, Pioneer Investments (Trades, Portfolio) with 0.02% and Julian Robertson (Trades, Portfolio) with 0.01%.
The investor closed his Best Buy Co. Inc. (BBY, Financial) position. The trade had an impact of -2.1% on the portfolio.
The electronics retailer has a market cap of $22.02 billion and an enterprise value of $20.24 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 23.45% and ROA of 7.34% are outperforming 74% of companies in the Global Specialty Retail industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 2.31 is above the industry median of 1.02.
Simons is the largest guru shareholder of the company with 1.2% of outstanding shares, followed by Ainslie with 0.45% and Jeremy Grantham (Trades, Portfolio) with 0.06%.
The Lennar Corp. (LEN, Financial) holding was closed, impacting the portfolio by -2.05%.
The homebuilding service provider has a market cap of $17.45 billion and an enterprise value of $27.94 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 10.57% and ROA of 4.70% are outperforming 68% of companies in the Global Residential Construction industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.11 is below the industry median of 2.23.
The company's largest guru shareholder is Andreas Halvorsen (Trades, Portfolio) with 2.28% of outstanding shares, followed by Daniel Loeb (Trades, Portfolio) with 1.61% and Third Avenue Management (Trades, Portfolio) with 0.8%.
Heebner cut his Dollar Tree Inc. (DLTR, Financial) position. The trade had an impact of -2.05% on the portfolio.
The company operates discount retail stores in the United States and Canada. It has a market cap of $22.53 billion and an enterprise value of $27.11 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 28.42% and ROA of 10.81% are outperforming 89% of companies in the Global Discount Stores industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.19 is below the industry median of 0.55.
Chuck Akre (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.04% of outstanding shares, followed by Cohen with 0.32% and Louis Moore Bacon (Trades, Portfolio) with 0.16%.
Disclosure: I do not own any stocks mentioned in this article.
