Richard Snow (Trades, Portfolio) of Snow Capital Management, L.P. now owns 142 stocks, valued at $2,883 Mil after recently adding to his portfolio, according to our Real Time Picks.
Out the 142 stocks, 25.3% of his portfolio is made up of the financial services sector. 17.9% of his portfolio is made up of the industrial sector and 12.3% is part of the healthcare sector.
The top five most heavily weighted stocks in Snow's portfolio include: Community Health Systems Inc. (CYH), American Eagle Outfitters (AEO, Financial), JPMorgan Chase & Co (JPM, Financial), Voya Financial Inc (VOY, Financial) and Target Corp (TGT, Financial).
Snow has 2,084,853 shares of CYH in his portfolio, valued at $114.2 million. The stock makes up 4% of his overall portfolio. Over the past five years, Snow purchased 4,161,493 shares at an average price of $28.21/share, which resulted in a 75% overall gain. 4,764,439 shares were sold at an average price of $34.85/share, resulting in a 42% gain. The stock's current price is $49.47 and is part of the health care providers industry.
Founded in 1986, CYH provides healthcare services through 135 hospitals in non-urban markets and certain urban markets. Four of the 135 hospitals are rehabilitation and psychiatric hospitals.
"Community Health Systems Inc. is one of the largest hospital operators in the U.S., with a focus on small and mid-sized markets in 29 states. Shares rose on strong second-quarter results, driven by higher utilization and an improved payor mix stemming from health care reform and the improving economy. Management's volume initiatives are taking hold. More states with larger Community footprints are pursuing Medicaid expansion. Finally, the integration with HMA is going well, and we think synergies will ultimately exceed initial guidance," Baron Growth Fund has said.
Snow owns a total of 7,967,270 shares of AEO, valued at $115.6 million. AEO currently makes up 4% of his overall portfolio. Over the past five years, Snow has purchased 8,244,194 shares at an average price of $12.18/share, resulting in a 16% gain. Snow sold 276,924 shares at an average price of $12.31/share, resulting in a 14% gain. The stock's price is now $14.08.
American Eagle is in the retail - apparel & specialty industry and was founded in 1977. The company sells current trends in clothing, along with accessories and personal care items. Stores are located in the U.S., Mexico, Canada, Hong Kong and China.
Snow owns 1,749,673 total shares of JPM, valued at $105.4 million. JPM makes up or 3.7% of Snow's portfolio.
Over the past five years, Snow has purchased 1,952,985 shares at an average price of $51.71/share. He sold 2,563,867 shares at an average price of $37.93/share, resulting in an overall 50% gain. The stock's current price is $56.00.
JPM, in the banks industry, was incorporated under Delaware law in 1968. The company operates worldwide as a financial services firm and banking institution.
"JPMorgan Chase & Co., a banking and financial services provider, outperformed after announcing another quarter of improving fundamental results along with several key regulatory settlements," Diamond Hill has commented.
Snow owns 2,626,330 shares of VOYA,valued at $102.6 million. Snow has only been holding this stock since the second quarter of 2014. He purchased it for an average price of $35.80/share, resulting in an overall gain of 8%. The stock is now $38.68/share.
VOYA is part of the asset management industry and was incorporated in 1999 as a holding company.
Snow owns 1,599,004 shares of TGT, valued at $100.2 million. TGT makes up 3.5% of his overall portfolio. Since the fourth quarter of 2011, Snow purchased shares of TGT at an average price of $59.15/share, resulting in a 25% overall gain. The stock's current price is $73.95.
TGT, part of the retail - defensive industry, was incorporated in 1902 and operates general merchandise discount stores around the U.S.
"Retailer Target (TGT) experienced a positive news cycle during the third quarter due to the public enthusiasm surrounding its new CEO, Brian Cornell, who has taken the high road in announcing positive changes concerning transparency and corporate accountability. While still underperforming as of the third quarter, Target seems set to advance, and indeed the stock was already rallying later in the quarter," guru Bill Frels (Trades, Portfolio) has said about the company.
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