New Guru Jana Partners' Newest Stock Buys

Author's Avatar
Jan 23, 2015
Article's Main Image

Jana Partners (Trades, Portfolio) LLC is a New York-based investment firm founded in 2001 that uses a value discipline to identify undervalued companies expected to undergo change, sometimes becoming an activist participant in making changes at companies. The company had $1.1 billion in investments.

Jana Partners (Trades, Portfolio)’ long portfolio contained 69 stocks at the end of the third quarter, and it purchased 28 new ones during the quarter. The largest new buys were: Dollar General Corp (DG, Financial), Amgen Inc. (AMGN, Financial), Rackspace Hosting Inc. (RAX, Financial) and Valeant Pharmaceuticals International Inc. (VRX, Financial).

Dollar General Corp (DG, Financial)

In the third quarter, Jana purchased 8,058,007 shares of Dollar General Corp, equal to 2.5% of the portfolio. Dollar General shares cost on averaged $60 each during the quarter.

03May20171205011493831101.png

Dollar General Corp was incorporated as a Kentucky corporation under the name J. Dollar General Corp has a market cap of $21.17 billion; its shares were traded at around $69.77 with a P/E ratio of 20.70 and P/S ratio of 1.20. Dollar General Corp had an annual average earnings growth of 15.40% over the past five years.

Amgen Inc. (AMGN, Financial)

Jana Partners (Trades, Portfolio) purchased 2,765,800 shares of Amgen in the quarter, making it 2% of the portfolio. The third quarter average price for the stock was $131.

03May20171205021493831102.png

Amgen Inc. is a Delaware corporation was incorporated in 1980. Amgen Inc. has a market cap of $121.38 billion; its shares were traded at around $159.57 with a P/E ratio of 25.10 and P/S ratio of 6.20. The dividend yield of Amgen Inc. stocks is 1.6%. Amgen Inc. had an annual average earnings growth of 11.0% over the past 10 years. GuruFocus rated Amgen Inc. the business predictability rank of 4-star.

Rackspace Hosting Inc. (RAX, Financial)

Jana purchased 7,004,977 shares of Rackspace Hosting, making it a 1.2% portfolio holding. The company’s share price averaged $33 in the third quarter.

03May20171205021493831102.png

Rackspace Hosting Inc. was incorporated in Delaware in March 2000. Rackspace Hosting Inc. has a market cap of $6.74 billion; its shares were traded at around $46.96 with a P/E ratio of 70.60 and P/S ratio of 3.91. Rackspace Hosting Inc. had an annual average earnings growth of 23.40% over the past five years.

Valeant Pharmaceuticals International Inc. (VRX, Financial)

Jana purchased 1,284,184 shares of Valeant Pharmaceuticals International in the third quarter, giving it 0.87% space in the portfolio. The stock’s price had a third quarter average price of $119.

03May20171205031493831103.png

Valeant Pharmaceuticals International Inc. was formed on March 29, 1994, and was formerly known as Biovail Corporation. Valeant Pharmaceuticals International Inc. has a market cap of $53.44 billion; its shares were traded at around $159.19 with a P/E ratio of 121.20 and P/S ratio of 7.40. Valeant Pharmaceuticals International Inc. had an annual average earnings growth of 2.90% over the past 10 years.

For more Jana Partners (Trades, Portfolio) stocks, visit their portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here.