Robert Bruce (Trades, Portfolio), founder of investment firm Bruce & Co., sold shares of the following stocks in the first quarter.
The guru exited his Calpine Corp. (CPN, Financial) position, impacting the portfolio by -1.05%.
The power company, which produces electricity from natural gas, has a market cap of $5.5 billion and an enterprise value of $16.7 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. Its return on equity of -10.79% and return on assets of -1.94% are underperforming 86% of companies in the Global Utilities - Independent Power Producers industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.17.
The Agenus Inc. (AGEN, Financial) holding was closed. The trade had an impact of -0.12% on the portfolio.
The biotechnology company, which focuses on developing immunotherapy treatments, has a market cap of $353.6 million and an enterprise value of $314.32 million.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROA of -98.80% and return on capital of -520.78% are underperforming 71% of companies in the Global Biotechnology industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 4.05 is below the industry median of 73.06.
The largest shareholder of the company among the gurus is Steven Cohen (Trades, Portfolio) with 3.34% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 1.81% and Ken Fisher (Trades, Portfolio) with 0.26%.
Bruce trimmed his Astrotech Corp. (ASTC, Financial) position by 53.46%. The transaction had an impact of -0.04% on the portfolio.
The science and technology development company has a market cap of $7.77 million and an enterprise value of $1.49 million.
GuruFocus gives the company a profitability and growth rating of 2 out of 10. The ROE -84.83% and ROA of -76.11% are underperforming 96% of companies in the Global Aerospace and Defense industry. Its financial strength is rated 7 out of 10 with no debt.
Bruce is the company's largest shareholder among the gurus with 1.06% of outstanding shares, followed by Simons with 0.58%.
The guru also curbed his Actua Corp. (ACTA, Financial) holding by 2.21%, impacting the portfolio by -0.01%.
The multi-vertical cloud technology company has a market cap of $31.95 million.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of 48.04% and ROA of 37.87% are outperforming 93% of companies in the Global Software – Application industry. Its financial strength is rated 5 out of 10 with no debt.
The company's largest guru shareholder is Bruce with 0.42% of outstanding shares, followed by Paul Tudor Jones (Trades, Portfolio) with 0.07%.
Disclosure: I do not own any stocks mentioned in this article.
