Paul Singer (Trades, Portfolio) of Elliott Management invested in a 67.1 million-share stake in Alcoa Inc. (AA, Financial) in the fourth quarter, making it the third-most valuable stake in his portfolio.
Singer made 21 new buys in the fourth quarter with eight having impacts of 1% or greater on his portfolio.
Alcoa is a metals and manufacturing company with its corporate headquarters in New York and its operational base in Pittsburgh. Singer paid an average price of $9.3 per share in a deal that had an 8.1% impact on his portfolio.
The acquisition made Singer Alcoa’s leading shareholder among the gurus. The stake is 5.1% of Alcoa’s outstanding shares and 8.1% of Singer’s total assets.
Alcoa has a forward P/E of 15.6, a P/B of 1 and a P/S of 0.5. GuruFocus gives Alcoa a Financial Strength rating of 6/10 and a Profitability and Growth rating of 3/10.
Alcoa sold for $9.52 per share Friday.
Singer bought a 4,165,000-share stake in Cabela’s Inc. (CAB, Financial), a Sidney, Nebraska-based retailer of hunting, fishing, shooting and related sporting goods, for an average price of $44.19 per share. The transaction had a 2.38% impact on Singer’s portfolio.
The stake is 6.14% of Cabela’s outstanding shares and 2.38% of Singer’s total assets. Singer is Cabela’s leading shareholder among the gurus.
Cabela’s has a P/E of 18, a forward P/E of 13.8, a P/B of 1.8 and a P/S of 0.9. GuruFocus gives Cabela’s a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Cabela’s sold for $48.59 per share Friday.
Singer purchased a 12,225,000-share stake in American Capital Ltd. (ACAS, Financial), a Bethesda, Maryland-based private equity firm and asset manager, for an average price of $13.72 per share. The acquisition had a 2.06% impact on Singer’s portfolio.
The stake is 5.11% of American Capital’s outstanding shares and 2.06% of Singer’s total assets. Singer is American Capital’s leading shareholder among the gurus.
American Capital has a forward P/E of 7.3, a P/B of 0.7 and a P/S of 5.9. GuruFocus gives American Capital a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
American Capital sold for $14.34 per share Friday.
Singer acquired an 8,942,703-share stake in CenterPoint Energy Inc. (CNP, Financial), an electric and natural gas company based in Houston, for an average price of $17.74 per share. The deal had a 2.01% impact on Singer’s portfolio.
The stake is 2.08% of CenterPoint Energy’s outstanding shares and 2.01% of Singer’s total assets. James Barrow (Trades, Portfolio) is CenterPoint’s leading shareholder among the gurus with a stake of 35,185,821 shares. The stake is 8.18% of CenterPoint’s outstanding shares and 0.96% of Barrow’s total assets.
CenterPoint has a forward P/E of 17.3, a P/B of 2.5 and a P/S of 1.2. GuruFocus gives CenterPoint a Financial Strength rating of 7/10 and a Profitability and Growth rating of 5/10.
CenterPoint sold for $20.28 per share Friday.
Singer invested in a 2,469,900-share stake in Energy Select Sector SPDR® ETF (XLE, Financial) for an average price of $65.37 per share. The acquisition had a 1.82% impact on Singer’s portfolio.
Singer is the ETF’s leading shareholder among the gurus. The stake is 1.82% of his total assets.
The ETF sold for $62.36 per share Friday.
Singer purchased a 1,274,332-share stake in Ryanair Holdings PLC (RYAAY, Financial), a Dublin-based no-frills airline, for an average price of $81.66 per share. The deal had a 1.35% impact on Singer’s portfolio.
The stake is 0.48% of Ryanair’s outstanding shares and 1.35% of Singer’s total assets. Jim Simons (Trades, Portfolio) is Ryanair’s leading shareholder among the gurus with a stake of 3,564,719 shares. The stake is 1.35% of Ryanair’s outstanding shares and 0.67% of Simons’ total assets.
Ryanair has a P/E of 12.1, a forward P/E of 13.1, a P/B of 4.5 and a P/S of 3.1. GuruFocus gives Ryanair a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Ryanair sold for $82.88 per share Friday.
Singer acquired a 5 million-share stake in Symantec Corp. (SYMC, Financial), a Mountain View, California-based computer software company, for an average price of $20.36 per share. The transaction had a 1.28% impact on Singer’s portfolio.
The stake is 0.77% of Symantec’s outstanding shares and 1.28% of Singer’s total assets. Symantec’s leading shareholder among the gurus is Dodge & Cox with a stake of 87,383,425 shares. The stake is 13.4% of Symantec’s outstanding shares and 1.8% of Dodge & Cox’s total assets.
Symantec has a P/E of 20.4, a forward P/E of 16.2, a P/B of 2.3 and a P/S of 1.7. GuruFocus gives Symantec a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Symantec sold for $18.39 per share Friday.
Singer invested in a 6.7 million-share stake in Hewlett Packard Enterprise Co. (HPE, Financial), a Palo Alto, California-based information technology company that was part of last year’s split of the former Hewlett-Packard Company, for an average price of $14.76 per share. The acquisition had a 1.25% impact on Singer’s portfolio.
The stake is 0.39% of the company’s outstanding shares and 1.25% of Singer’s total assets. Dodge & Cox is Hewlett Packard Enterprise’s leading shareholder among the gurus with a stake of 217,529,528 shares. The stake is 12.67% of the company’s outstanding shares and 3.24% of Dodge & Cox’s total assets.
Hewlett Packard Enterprise has a P/E of 10.5, a forward P/E of 10.5, a P/B of 0.9 and a P/S of 0.8. GuruFocus gives Hewlett Packard Enterprise a Financial Strength rating of 5/10 and a Profitability and Growth rating of 3/10.
Hewlett Packard Enterprise sold for $16.33 per share Friday.
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