Top-performing hedge fund manager Larry Robbins (Trades, Portfolio) on Dec. 10 increased his holdings in three companies, GuruFocus Real Time Picks reported: Avis Budget Group Inc. (CAR, Financial), PVH Corp (PVH, Financial) and Lithia Motors Inc. (LAD, Financial).
Robbins, who runs the $9 billion Glenview Capital Management, was the most successful hedge fund manager of 2013, returning 84% primarily by betting on healthcare stocks. On Oct. 21, he said he was betting on millennials being able to move out of their parents’ homes and start their own families as the financial crisis subsided.
The New Increases
Avis Budget Group (CAR, Financial)
Robbins built up his stake in Avis Budget Group by 37.97%, buying 1,497,500 shares for a total holding of 5,441,647 shares. Robbins’ holding represented 5.1% of the company.
Avis Budget Group Inc., a Delaware corporation was founded in 1946. Avis Budget Group Inc. has a market cap of $6.23 billion; its shares were traded at around $58.65 with a P/E ratio of 33.60 and P/S ratio of 0.76. Avis Budget Group Inc. had an annual average earnings growth of 8.70% over the past 10 years.
Robbins increased his position in PVH Corp by 10.4%, adding 427,071 shares for a total position comprising 4,534,423 shares, or 5.5% of the company.
PVH Corp was incorporated in the State of Delaware in 1976 as the successor to a business begun in 1881. PVH Corp has a market cap of $10.22 billion; its shares were traded at around $123.98 with a P/E ratio of 27.60 and P/S ratio of 1.20. The dividend yield of PVH Corp stocks is 0.10%. PVH Corp had an annual average earnings growth of 11.20% over the past 10 years. GuruFocus rated PVH Corp the business predictability rank of 2-star.
Lithia Motors Inc. (LAD, Financial)
Robbins also raised his bet on Lithia Motors Inc. by 20.4%, buying an additional 237,364 shares for total ownership of 1,401,848 shares, or 5.92% of the company.
Lithia Motors Inc. was founded in 1946 and incorporated in Oregon. Lithia Motors Inc. has a market cap of $2.28 billion; its shares were traded at around $86.86 with a P/E ratio of 18.30 and P/S ratio of 0.49. The dividend yield of Lithia Motors Inc. stocks is 0.70%. Lithia Motors Inc. had an annual average earnings growth of 38.30% over the past five years.
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