Appaloosa Management leader David Tepper (Trades, Portfolio) sold shares of the following stocks during the third quarter.
UnitedHealth Group
Tepper trimmed his UnitedHealth Group Inc. (UNH, Financial) holding by 25.37%. The portfolio was impacted by -0.23%.
The health insurance services provider has a market cap of $267.81 billion and an enterprise value of $299.64 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 25.5% and return on assets of 8.28% are outperforming 61% of companies in the health care plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.35 is below the industry median of 0.87.
The largest guru shareholder of the company is the Vanguard Health Care Fund (Trades, Portfolio) with 1.03% of outstanding shares, followed by Dodge & Cox with 0.77% and Steve Mandel (Trades, Portfolio)’s Lone Pine Capital with 0.48%.
Intelsat
The guru closed the Intelsat SA (I) position. The portfolio was impacted by -0.12%.
The company, which operates a satellite services business, has a market cap of $909.45 million and an enterprise value of $14.57 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on assets of -7.47% is underperforming 80% of companies in the telecommunication services industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.27.
The largest guru shareholder of the company is George Soros (Trades, Portfolio) with 0.39% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.30% and Joel Greenblatt (Trades, Portfolio) with 0.11%.
Centene
The investor exited the Centene Corp. (CNC, Financial) holding, impacting the portfolio by -0.07%.
The health care plans provider has a market cap of $25.31 billion and an enterprise value of $25.43 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 11.75% and return on assets of 4.12% are underperforming 76% of companies in the health care plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1 is above the industry median of 0.87.
The largest guru shareholder of the company is Andreas Halvorsen (Trades, Portfolio) with 3.56% of outstanding shares, followed by Lee Ainslie (Trades, Portfolio) with 2.09% and the Vanguard Health Care Fund with 1.32%.
Humana
Tepper trimmed his Humana Inc. (HUM, Financial) position by 21.38%. The trade had an impact of -0.06% on the portfolio.
The company, which provides government-sponsored plans, has a market cap of $45.66 billion and an enterprise value of $36.04 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 23.15% and return on assets of 9.15% are outperforming 86% of companies in the health care plans industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.87.
The largest guru shareholders are Larry Robbins (Trades, Portfolio) with 1.21% and Mandel with 1.20%.
SPDR S&P Oil & Gas Exploration & Production ETF
Tepper reduced his stake in the SPDR S&P Oil & Gas Exploration & Production Exchange-Traded Fund (XOP, Financial) by 5.22%. The portfolio was impacted by -0.06%.
Mr. Cooper Group
The guru trimmed the Mr. Cooper Group Inc. (COOP, Financial) position by 49.42%. The portfolio was impacted by -0.05%.
The financial services company has a market cap of $1.22 billion and an enterprise value of $14.30 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of -10.3% and return on assets of -1.06% are underperforming 96% of companies in the banks industry. Its financial strength is rated 2.7 out of 10. The cash-debt ratio of 0.03 is far below the industry median of 1.12.
The largest guru shareholder of the company is Diamond Hill Capital (Trades, Portfolio) with 9.36% of outstanding shares, followed by Howard Marks (Trades, Portfolio) with 2.12% and Leon Cooperman (Trades, Portfolio) with 1.11%.
Clearway Energy
The investor reduced his position in Clearway Energy Inc. (CWEN, Financial) by 14.7%. The portfolio was impacted by -0.02%.
The electric utility company has a market cap of $3.64 billion and an enterprise value of $10.09 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -4.05% and return on assets of -0.85% are underperforming 78% of companies in the utilities - independent power producers industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.16.
Simons’ firm is the largest guru shareholder of the company with 1.23% of outstanding shares, followed by Tepper with 0.31%.
Disclosure: I do not own any stocks mentioned.
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