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Tiziano Frateschi
Tiziano Frateschi
Articles (2511)  | Author's Website |

Arnold Schneider Trims Positions in Chesapeake, Citigroup

Guru's larges sales of the 3rd quarter

Schneider Capital Management leader Arnold Schneider (Trades, Portfolio) sold shares of the following stocks during the third quarter.

Chesapeake Energy

Schneider trimmed his Chesapeake Energy Corp. (CHK) stake by 85.9%. The portfolio was impacted by -4.39%.

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The company, which produces natural gas, oil and natural gas liquids in the U.S, has a market cap of $1.13 billion and an enterprise value of $12.13 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 43.75% and return on assets of 8.64% are outperforming 86% of companies in the oil and gas industry. Its financial strength is rated 2 out of 10. The equity-asset ratio of 0.28 is below the industry median of 0.48.

The largest guru shareholder of the company is Bill Nygren (Trades, Portfolio) with 6.61% of outstanding shares, followed by Charles Brandes (Trades, Portfolio) with 0.09% and Schneider with 0.08%.

QEP Resources

The guru exited the QEP Resources Inc. (NYSE:QEP) holding. The portfolio was impacted by -1.95%.

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The company, which produces crude oil and natural gas, has a market cap of $756.18 million and an enterprise value of $2.81 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -21.66% and return on assets of -10.33% are underperforming 79% of companies in the oil and gas industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.04 is above the industry median of 0.36.

The largest guru shareholder of the company is Paul Singer (Trades, Portfolio) with 4.92% of outstanding shares, followed by John Paulson (Trades, Portfolio) with 0.43% and Joel Greenblatt (Trades, Portfolio) with 0.12%.

Brighthouse Financial

The Brighthouse Financial Inc. (NASDAQ:BHF) position was reduced by 7.88%, impacting the portfolio by -0.59%.

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The company, which provides annuity products and life insurance, has a market cap of $4.28 billion and an enterprise value of $2.43 billion.

GuruFocus gives the company a profitability and growth rating of 1 out of 10. The return on equity of 11.52% and return on assets of 0.82% are underperforming 64% of companies in the insurance industry. Its financial strength is rated 3.8 out of 10. The cash-debt ratio of 0.98 is below the industry median of 2.34.

The largest guru shareholder of the company is Dodge & Cox with 8.57% of outstanding shares, followed by David Einhorn (Trades, Portfolio) with 3.04% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 1.07%.

Mallinckrodt

The investor exited his Mallinckrodt PLC (NYSE:MNK) holding. The trade had an impact of -0.54% on the portfolio.

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The pharmaceutical company has a market cap of $259.85 million and an enterprise value of $5.53 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -95.13% and return on assets of -31.25% are underperforming 87% of companies in the drug manufacturers industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.09 is below the industry median of 1.12.

The largest guru shareholder of the company is Jeremy Grantham (Trades, Portfolio) with 0.29% of outstanding shares, followed by Paul Tudor Jones (Trades, Portfolio) with 0.24% and Philippe Laffont (Trades, Portfolio) with 0.20%.

Adient

Schneider trimmed the Adient PLC (NYSE:ADNT) stake by 5.22%. The portfolio was impacted by -0.44%.

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The company has a market cap of $1.89 billion and an enterprise value of $5.01 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -72.1% and return on assets of -16.81% are underperforming 96% of companies in the vehicles and parts industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.27 is below the industry median of 0.46.

The largest guru shareholder of the company is Chris Davis (Trades, Portfolio) with 9.56% of outstanding shares, followed by Hotchkis & Wiley with 8.18% and Einhorn with 2.69%.

Citigroup

The investor reduced his position in Citigroup Inc. (NYSE:C) by 5.63%. The portfolio was impacted by -0.43%.

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The bank has a market cap of $161.34 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 8.86% and return on assets of 0.96% are underperforming 55% of companies in the banking industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.79 is below the industry median of 1.14.

Jeff Ubben (Trades, Portfolio)’s ValueAct Holdings is the largest guru shareholder of the company with 1.28% of outstanding shares, followed by Hotchkis & Wiley with 0.47%, Diamond Hill Capital (Trades, Portfolio) with 0.45% and Nygren with 0.39%.

C&J Energy Services

The C&J Energy Services Inc. (NYSE:CJ) holding was reduced by 13.34%. The portfolio was impacted by -0.42%.

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The oil and gas equipment and services company has a market cap of $485.95 million and an enterprise value of $394.56 million.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -25.88% and return on assets of -20.76% are underperforming 83% of companies in the oil and gas industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 4.98 is above the industry median of 0.36.

The largest guru shareholder of the company is Hotchkis & Wiley with 8.97% of outstanding shares, followed by Richard Pzena (Trades, Portfolio) with 5.43% and Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 2.93%.

Halcon Resources

The Halcon Resources Corp. (HKRSQ) stake was closed. The portfolio was impacted by -0.32%.

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The company, which produces oil and gas, has a market cap of $12.14 million and an enterprise value of $816.16 million.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -102.9% and return on assets of -50.83% are underperforming 93% of companies in the oil and gas industry. Its financial strength is rated 1.8 out of 10. The equity-asset ratio of 0.19 is below the industry median of 0.48.

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.

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