MFP Investors founder Michael Price (Trades, Portfolio) bought shares of the following stocks during the third quarter.
Dolby Laboratories
During the quarter, the guru boosted his Dolby Laboratories Inc. (DLB) holding by 27.71%. The portfolio was impacted by 1.35%.
The company, which develops audio and surround sound for cinema and home audio systems, has a market cap of $6.99 billion and an enterprise value of $6.08 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 14% and on assets of 11.53% are outperforming 72% of companies in the entertainment industry. Its financial strength is rated 10 out of 10 with no debt.
The largest guru shareholder of the company is Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 2.35% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.09% and Steven Cohen (Trades, Portfolio) with 0.01%.
Altria Group
The investor established a new position in Altria Group Inc. (MO), buying 105,000 shares. The portfolio was impacted by 0.59%.
The tobacco company has a market cap of $91.54 billion and an enterprise value of $117.93 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 12.73% and return on assets of 3.28% are underperforming 65% of companies in the tobacco products industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.35.
The largest guru shareholder of the company is Simons’ firm with 0.34% of outstanding shares, followed by Tom Russo (Trades, Portfolio) with 0.18% and Pioneer Investments (Trades, Portfolio) with 0.09%.
Occidental Petroleum
Price invested in 80,000 shares of Occidental Petroleum Corp. (OXY), impacting the portfolio by 0.49%.
The independent oil exploration and production company has a market cap of $35.36 billion and an enterprise value of $93.96 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 4.33% and return on assets of 1.94% are outperforming 59% of companies in the oil and gas industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.1 is below the industry median of 0.36.
The largest guru shareholder of the company is Dodge & Cox with 9.98% of outstanding shares, followed by Carl Icahn (Trades, Portfolio) with 2.95% and Warren Buffett (Trades, Portfolio)Â with 0.84%.
Red Lion Hotels
The guru boosted his Red Lion Hotels Corp. (RLH) holding by 424.97%. The trade had an impact of 0.45% on the portfolio.
The company has a market cap of $81.73 million and an enterprise value of $179.95 million.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of -10.78% and return on assets of -6.29% are underperforming 82% of companies in the travel and leisure industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.17 is below the industry median of 0.45.
The largest guru shareholder of the company is Royce with 4.12% of outstanding shares, followed by Simons’ firm with 1.35%.
Univar Solutions
Price opened a new position in Univar Solutions Inc. (UNVR), buying 112,000 shares. The portfolio was impacted by 0.32%.
The company, which provides chemicals and chemical-based products, has a market cap of $3.92 billion and an enterprise value of $6.79 billion.
GuruFocus gives it a profitability and growth rating of 4 out of 10. The return on equity of -2.84% and return on assets of -0.68% are underperforming 85% of companies in the chemicals industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.05 is well below the industry median of 0.92.
The largest guru shareholder of the company is Seth Klarman (Trades, Portfolio) with 5.63% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 5.01%, Steven Romick (Trades, Portfolio) with 3.90% and Larry Robbins with 3.58%.
Amazon.com
The guru acquired a new position in Amazon.com Inc. (AMZN), buying 1,000 shares. The portfolio was impacted by 0.24%.
The e-commerce giant has a market cap of $865.52 billion and an enterprise value of $881.65 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 23.58% and return on assets of 6.48% are outperforming 74% of companies in the retail – cyclical industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.73 is above the industry median of 0.48.
Ken Fisher (Trades, Portfolio) is the largest guru shareholder of the company with 0.36% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 0.25%, Spiros Segalas (Trades, Portfolio) with 0.19% and Andreas Halvorsen (Trades, Portfolio) 0.18%.
Franklin Resources
The Franklin Resources Inc. (BEN) holding was increased by 17.95%. The portfolio was impacted by 0.18%.
The investment services provider has a market cap of $13.61 billion and an enterprise value of $9.12 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 12% and return on assets of 8.35% are outperforming 73% of companies in the asset management industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 7.97 is slightly above the industry median of 7.85.
The largest guru shareholder of the company is Halvorsen with 1.96% of outstanding shares, followed by the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.80% and Ray Dalio (Trades, Portfolio)’s Bridgewater Associates with 0.09%.
Disclosure: I do not own any stocks mentioned.
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