Michael Price Trims Bunge, Exits XPO Logistics

Guru's largest sales of the 1st quarter

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Tiziano Frateschi
May 20, 2019
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MFP Investors' 

Michael Price (Trades, Portfolio) sold shares of the following stocks during the first quarter.

The investor trimmed his Bunge Ltd. (BG) holding by 27.52%. The trade had an impact of -1.09% on the portfolio.

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The agribusiness and food company has a market cap of $7.39 billion and an enterprise value of $13.44 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 4.71% and return on assets of 1.56% are underperforming 65% of companies in the Farm Products industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.14 is below the industry median of 0.49.

The largest guru shareholder of the company is

Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 1.05% of outstanding shares, followed by Louis Moore Bacon (Trades, Portfolio) with 0.47% and Hotchkis & Wiley with 0.46%.

The guru closed his XPOLogistics Inc. (XPO) position. The portfolio was impacted by -0.99%.

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The transportation and logistics company has a market cap of $5.36 billion and an enterprise value of $10.90 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 10.40% and return on assets of 3.06% are outperforming 59% of companies in the Integrated Shipping and Logistics industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.07 is below the industry median of 0.3.

The company's largest guru shareholder is

Joel Greenblatt (Trades, Portfolio) with 0.31% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.31% and Murray Stahl (Trades, Portfolio) with 0.01%.

Price curbed his Kearny Financial Corp. (KRNY) holding by 30.71%, impacting the portfolio by -0.75%.

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The bank has a market cap of $1.22 billion and an enterprise value of $1.76 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 3.52% and return on assets of 0.65% are underperforming 85% of companies in the Savings and Cooperative Banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.04 is below the industry median of 1.43.

Simons’ firm is the largest guru shareholder of the company with 6.63% of outstanding shares.

The Twenty-First Century Fox Inc. (TFCF) holding was closed after the deal with Disney (DIS) was completed. The portfolio was impacted by -0.72%.

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The media conglomerate had a market cap of $92.21 billion and an enterprise value of $91.36 billion.

Price exited his Macerich Co. (MAC) position. The trade had an impact of -0.59% on the portfolio.

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The real estate investmen trust, which develops high-quality regional malls, outlets and shopping center properties, has a market cap of $5.90 million and an enterprise value of $11.39 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 3.33% and return on assets of 1.12% are underperforming 88% of companies in the REIT – Retail industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.06.

Third Avenue Management (Trades, Portfolio) is the largest guru shareholder of the company with 0.99% of outstanding shares, followed by Paul Singer (Trades, Portfolio) with 0.33% and Mario Cibelli (Trades, Portfolio) with 0.16%.

The Waterstone Financial Inc. (WSBF) position was reduced 16.81%. The portfolio was impacted by -0.46%.

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The bank has a market cap of $467.02 million and an enterprise value of $644.32 million.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 7.62% is underperforming the sector, the return on assets of 1.60% is outperforming 79% of companies in the Savings and Cooperative Banks industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.19 is below the industry median of 1.43.

The largest guru shareholder of the company is Simons’ firm with 7.79% of outstanding shares, followed by Pioneer Investments with 0.38%,

Jeremy Grantham (Trades, Portfolio) with 0.36% and Hotchkis & Wiley with 0.29%.

Price trimmed his Popular Inc. (BPOP) holding by 11.43%. The trade had an impact of -0.22% on the portfolio.

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The financial holding company has a market cap of $5.28 million and an enterprise value of $1.31 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 13.05% and return on assets of 1.46% are underperforming 66% of companies in the Banks - Regional - U.S. industry. Its financial strength was rated 5 out of 10. The cash-debt ratio of 4.41 was above the industry median of 1.43.

Hotchkis & Wiley is the largest guru shareholder of the company with 3.18% of outstanding shares, followed by Simons’ firm with 0.79%, Grantham with 0.57%,

Diamond Hill Capital (Trades, Portfolio) with 0.52% and Chuck Royce (Trades, Portfolio) with 0.50%.

Disclosure: I do not own any stocks mentioned.

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