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Tiziano Frateschi
Tiziano Frateschi
Articles (2150)  | Author's Website |

David Tepper Exits Atlantica Yield, Allstate

Guru's largest sales of the 1st quarter

David Tepper (Trades, Portfolio)’s Appaloosa Management sold shares of the following stocks during the first quarter.

The investor exited his Atlantica Yield PLC (NASDAQ:AY) stake. The trade had an impact of -2.95% on the portfolio.

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The company, which manages renewable energy and water assets, has a market cap of $2.11 billion and an enterprise value of $7.12 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 2.23% and return on assets of 0.37% are underperforming 90% of companies in the Utilities - Regulated Electric industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.16 is below the industry median of 0.23.

The largest guru shareholder of the company is Louis Moore Bacon (Trades, Portfolio) with 0.60% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 0.60% and Pioneer Investments (Trades, Portfolio) with 0.54%.

The guru closed his Allstate Corp. (NYSE:ALL) position. The portfolio was impacted by -2.52%.

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The insurance company has a market cap of $31.81 billion and an enterprise value of $35.48 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 10.54% and return on assets of 2.26% are outperforming 62% of companies in the Insurance - Property and Casualty industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.09 is below the industry median of 2.82.

The company's largest guru shareholder is Andreas Halvorsen (Trades, Portfolio) with 0.43% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.15% and Robert Bruce (Trades, Portfolio) with 0.11%.

Tepper sold out of TerraForm Power Inc. (NASDAQ:TERP), impacting the portfolio by -1.51%.

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The company, which operates clean power generation assets, has a market cap of $2.81 billion and an enterprise value of $8.88 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of -3.96% and return on assets of -0.89% are underperforming 86% of companies in the Utilities – Independent Power Producers industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.05 is below the industry median of 0.17.

Simons’ firm is the largest guru shareholder of the company with 1.92% of outstanding shares, followed by Pioneer Investments with 0.01%.

The NRG Energy Inc. (NYSE:NRG) holding was closed. The portfolio was impacted by -0.92%.

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The power producer has a market cap of $9.61 billion and an enterprise value of $15.25 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on assets of 3.00% is underperforming 89% of companies in the Utilities - Independent Power Producers industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.13 is below the industry median of 0.17.

The company's largest guru shareholder is Simons’ firm with 1.68% of outstanding shares, followed by Leon Cooperman (Trades, Portfolio) with 0.39%.

Tepper curbed his Mr. Cooper Group Inc. (NASDAQ:COOP) stake by 36.43%. The trade had an impact of -0.88% on the portfolio.

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The company, which operates in the reinsurance of mortgage insurance policies business, has a market cap of $823.99 million and an enterprise value of $13.12 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. While the return on equity of -27.22% is underperforming the sector, the return on assets of -3.02% is outperforming 80% of companies in the Specialty Finance industry. Its financial strength was rated 3 out of 10. The cash-debt ratio of 0.02 was below the industry median of 1.43.

Diamond Hill Capital (Trades, Portfolio) is the largest guru shareholder of the company with 8.93% of outstanding shares, followed by Tepper with 2.87% and Howard Marks (Trades, Portfolio) with 2.12%.

The Wells Fargo & Co. (NYSE:WFC) position was closed. The portfolio was impacted by -0.69%.

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The bank has a market cap of $206.02 billion and an enterprise value of $62.11 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 10.70% and return on assets of 1.22% are outperforming 54% of companies in the Banks – Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.60 is below the industry median of 1.43.

The largest guru shareholder of the company is Warren Buffett (Trades, Portfolio) with 9.12% of outstanding shares, followed by Dodge & Cox with 1.82% and PRIMECAP Management (Trades, Portfolio) with 1.02%.

Disclosure: I do not own any stocks mentioned.

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About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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