Manning & Napier, a $51.1 billion management firm, added to seven positions at the end of the year, according to GuruFocus Real Time Picks.
The company’s most widely represented sector in the portfolio is Consumer Cyclical, which spans 18.9%. Technology is another 18%, followed by Energy at 15.8%.
In its January newsletter, Manning & Napier noted:
“In portfolios geared toward investors that need capital growth, our main focus is on identifying companies that can grow in an otherwise growth-challenged global economy. We are looking for businesses that have control of their own destiny and are taking share in large established markets or are creating new markets on their own. The goal is to identify companies trading at attractive valuations relative to their growth potential. In our view, reinvestment rate risk remains the key challenge facing long-term investors that need capital growth. Investing in companies with good fundamentals and tailwinds at their back should help investors combat this risk.”
The company’s largest positions added to were: Juniper Networks Inc. (JNPR, Financial), Peabody Energy Corp. (BTU, Financial), Sinclair Broadcast (SBGI, Financial) and Joy Global Inc. (JOY, Financial).
Juniper Networks Inc. (JNPR, Financial)
Fund managers increased their stake in Peabody Energy Corp by 52.1% to 24,600,843 shares in total. Peabody has held the position since the first quarter of 2012.
Juniper Networks Inc., was incorporated in California in 1996 and reincorporated in Delaware in 1998. Juniper Networks Inc. has a market cap of $9.36 billion; its shares were traded at around $21.63 with a P/E ratio of 17.90 and P/S ratio of 2.20. The dividend yield of Juniper Networks Inc. stocks is 0.90%. Juniper Networks Inc. had an annual average earnings growth of 6.10% over the past 5 years.
Peabody Energy Corp. (BTU, Financial)
Managers upped their stake in Peabody Energy Corp by 30.79% to 32,561,753 shares. Manning & Napier has held shares of the company since the second quarter of 2013.
Peabody Energy Corp was incorporated in Delaware in 1998 and became a public company in 2001. Peabody Energy Corp has a market cap of $1.78 billion; its shares were traded at around $6.56 with and P/S ratio of 0.30. The dividend yield of Peabody Energy Corp stocks is 5.2%. Peabody Energy Corp had an annual average earnings growth of 3.00% over the past 10 years.
Sinclair Broadcast (SBGI, Financial)
Fund managers purchased 13.9% more shares of Sinclair Broadcast, for a total holding consisting of 8,314,942 shares. They purchased the stock in the third quarter of 2013.
Sinclair Broadcast Group Inc. is a Maryland corporation formed in 1986. Sinclair Broadcast Group Inc. has a market cap of $2.37 billion; its shares were traded at around $24.83 with a P/E ratio of 20.70 and P/S ratio of 1.40. The dividend yield of Sinclair Broadcast Group Inc. stocks is 2.5%.
Joy Global Inc. (JOY, Financial)
Managers purchased 5,914,528 shares of Joy Global Inc. by 11.5% to 5,914,528 shares. They started the position in the second quarter of 2012.
Joy Global Inc. was incorporated in Delaware. The Company is a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores. Joy Global Inc. has a market cap of $4.11 billion; its shares were traded at around $42.19 with a P/E ratio of 12.40 and P/S ratio of 1.10. The dividend yield of Joy Global Inc. stocks is 1.80%. Joy Global Inc. had an annual average earnings growth of 13.60% over the past 10 years.
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