The investment firm, Private Capital (Trades, Portfolio) Management sold shares of the following stocks during the third quarter.
Allergan
The firm closed its Allergan PLC (AGN) position. The portfolio was impacted by -5.08%.
The pharmaceutical manufacturer has a market cap of $60.33 billion and an enterprise value of $78.88 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of –14.67% and return on assets of -9.32% are underperforming 61% of companies in the Drug Manufacturers industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.2 is below the industry median of 1.13.
Jim Simons (Trades, Portfolio)’ Renaissance Technologies is the largest guru shareholder of the company with 1.10% of outstanding shares, followed by Daniel Loeb (Trades, Portfolio) with 1.08%, John Paulson (Trades, Portfolio) with 0.88% and David Tepper (Trades, Portfolio)’s Appaloosa with 0.39%.
Universal Health Services
The guru's Universal Health Services Inc. (UHS) holding was exited. The portfolio was impacted by -1.81%.
The company which operates Acute Care Hospital Services and Behavioral Health Services, had a market cap of $12.20 billion and an enterprise value of $16.50 billion.
GuruFocus gave the company a profitability and growth rating of 7 out of 10. The return on equity of 13.44% and return on assets of 6.32% were outperforming 70% of companies in the Healthcare Providers and Services industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.01 is far below the industry median of 0.56.
Vanguard Health Care Fund (Trades, Portfolio) is the largest guru shareholder of the company with 4.34% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 3.40% and Larry Robbins (Trades, Portfolio)' Glenview Capital Management with 0.84%.
KKR & Co.
With a reduction of 14.32%, the KKR & Co Inc. (KKR) position impacted the portfolio by -0.93%.
The pre-eminent private equity firm has a market cap of $24.66 billion and an enterprise value of $65.48 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 11.32% and return on assets of 2.04% are outperforming 74% of companies in the Asset Management industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.14 is underperforming the industry median of 8.64.
The largest guru shareholder of the company is Jeff Ubben (Trades, Portfolio)’s ValueAct Holdings LP with 5.68% of outstanding shares, followed by Chuck Akre (Trades, Portfolio) with 1.51%, Diamond Hill Capital (Trades, Portfolio) with 1.07% and Richard Pzena (Trades, Portfolio)’s Pzena Investment Management with 1.01%.
SpartanNash
The guru closed its SpartanNash Co. (SPTN) holding. The trade had an impact of -0.58% on the portfolio.
The multi-regional grocery distributor and retailer has a market cap of $485.24 million and an enterprise value of $1.47 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -1.92% and return on assets of -0.62% are underperforming 83% of companies in the Retail – Defensive industry. Its financial strength is rated 5 out of 10, with a cash-debt ratio of 0.02 is below the industry median of 0.39.
The Simons’ firm is the largest guru shareholder of the company with 1.51% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.71%, Philippe Laffont (Trades, Portfolio) with 0.69% and Jeremy Grantham (Trades, Portfolio)’s GMO LLC with 0.21%.
Celanese
Private Capital (Trades, Portfolio) trimmed its Celanese Corp. (CE) holding by 24.94%. The portfolio was impacted by -0.46%.
The acetyl chain producer has a market cap of $15.08 billion and an enterprise value of $18.89 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 29.9% and return on assets of 9.53% is outperforming 79% of companies in the Chemicals industry. Its financial strength is rated 4 out of 10, with a cash-debt ratio of 0.13 that is below the industry median of 0.61.
The largest guru shareholder of the company is Dodge & Cox with 8.95% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.45%, Private Capital (Trades, Portfolio) with 0.07% and Ronald Muhlenkamp (Trades, Portfolio) with 0.04%.
Visteon
The guru trimmed its Visteon Corp. (VC) holding by 9.85%. The trade had an impact of -0.31% on the portfolio.
The company which provides automotive electronics products has a market cap of $2.61 billion and an enterprise value of $2.83 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 16.39% and return on assets of 3.7% are outperforming 56% of companies in the Vehicles and Parts industry. Its financial strength is rated 6 out of 10, with a cash-debt ratio of 0.8 that is above industry median of 0.47.
Steven Cohen (Trades, Portfolio) is other notable guru shareholder of the company with 0.94% of outstanding shares, followed by Third Avenue Management (Trades, Portfolio) with 0.40% and HOTCHKIS & WILEY with 0.16%.
Everi Holdings
The guru reduced its Everi Holdings Inc. (EVRI) holding by 4.37%. The portfolio was impacted by -0.28%.
The company which provides video and mechanical reel gaming content and technology solutions, has a market cap of $938.42 million and an enterprise value of $1.81 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on assets of 1.58% is underperforming 54% of companies in the Travel and Leisure industry. Its financial strength is rated 2 out of 10, with a cash-debt ratio of 0.24 that is below the industry median of 0.44.
The largest guru shareholder of the company is Private Capital (Trades, Portfolio) with 4.73% of outstanding shares, followed by Simons’ firm with 4.31% and Joel Greenblatt (Trades, Portfolio) with 0.15%.
Disclosure: I do not own any stocks mentioned.
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