Ruane Cunniff Sells Shares of Goldman Sachs, IBM
- By Tiziano Frateschi
Ruane, Cunniff & Goldfarb Inc. was founded by William Ruane, who died in October 2005. GuruFocus continues to track the firm's stock picks. During the fourth quarter, the firm sold many stocks including the following.
Ruane Cunniff decreased its stake in Goldman Sachs Group Inc. (GS) by 39.13%, and the deal had an impact of -0.44% on the portfolio.
Warning! GuruFocus has detected 5 Warning Signs with GOOGL. Click here to check it out.
The intrinsic value of GOOGL
It is a bank holding company and a financial holding company. GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 6.47% and ROA of 0.70% that is underperforming 62% of the companies in the industry. Financial strength has a rating of 6 out of 10 with a cash-to-debt of 0.31.
Warren Buffett (Trades, Portfolio) is the largest shareholder of the company among the gurus with 2.59% of outstanding shares, followed by Dodge & Cox with 2.56%, Bill Nygren (Trades, Portfolio) with 0.41%, Richard Pzena (Trades, Portfolio) with 0.36% and HOTCHKIS & WILEY with 0.26%.
Ruane Cunniff reduced its stake in Hexcel Corp. (HXL) by 49.93%, and the deal had an impact of -0.23% on the portfolio.
The company develops lightweight, high-performance composites, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, for use in commercial aerospace, space and defense and industrial applications. During the fourth quarter diluted EPS grew 4% and adjusted diluted EPS increased 7% year over year.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 19.98% and ROA of 11.03% that are outperforming 82% of the companies in the Global Aerospace & Defense industry. Financial strength has a rating of 6 out of 10, with cash to debt of 0.09 that is below the industry median of 0.46.
The largest shareholders among the gurus are RS Investment Management (Trades, Portfolio) with 2.4% of outstanding shares, followed by Robert Karr (Trades, Portfolio) with 1.35%, Ruane Cunniff (Trades, Portfolio) with 1.07%, Jim Simons (Trades, Portfolio) with 0.18%, Steven Cohen (Trades, Portfolio) with 0.07% and Chuck Royce (Trades, Portfolio) with 0.05%.
The fund reduced its stake in Brown & Brown Inc. (BRO) by 45.56%, and the deal had an impact of -0.19% on the portfolio.
The company operates as an insurance agency and wholesale brokerage. It markets and sells to its customers insurance products and services, mainly in the property, casualty and employee benefits areas. Fourth quarter revenue increased 3% year over year.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 11.25% and ROA of 4.90% that are underperforming 68% of the companies in the Global Insurance Brokers industry. Financial strength has a rating of 7 out of 10 with a cash-to-debt of 0.40.
First Eagle Investment (Trades, Portfolio) is the largest shareholder of the company among the gurus with 4.9% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 3.93%, HOTCHKIS & WILEY with 2.02% and Meridian Funds (Trades, Portfolio) with 1.66%.
The fund closed its stake in MRC Global Inc. (MRC) with an impact of -0.09% on the portfolio.
The company is the global industrial distributor of pipe, valves and fittings and related products and services to the energy industry.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of -26.49% and ROA of -9.90% that are underperforming 84% of the companies in the industry. Financial strength has a rating of 6 out of 10, with cash to debt of 0.13 that is far below industry median of 0.43.
The largest shareholder among the gurus is Bruce Berkowitz (Trades, Portfolio) with 5.67% of outstanding shares, followed by Tweedy Browne (Trades, Portfolio) with 5.67%, Fairholme Fund (Trades, Portfolio) with 4.66%, Joel Greenblatt (Trades, Portfolio) with 2.69%, Arnold Schneider (Trades, Portfolio) with 2.15% and Jim Simons (Trades, Portfolio) with 0.31%.
The fund reduced its stake in International Business Machines Corp. (IBM) by 8.34% and the deal had an impact of -0.08% on the portfolio.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 101.07% and ROA of 11.75% that are underperforming 84% of the companies in the industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 0.21 that is far below the industry median of 13.08.
Warren Buffett (Trades, Portfolio) is the largest shareholder of the company among the gurus with 8.43% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 0.14%, Prem Watsa (Trades, Portfolio) with 0.14%, Jeremy Grantham (Trades, Portfolio) with 0.11% and Barrow, Hanley, Mewhinney & Strauss with 0.08%.
The fund reduced its stake in MasterCard Inc. (MA) by 22.75%, and the deal had an impact of -2.16% on the portfolio.
The company is a technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses, enabling them to use electronic forms of payment instead of cash and checks.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 59.89% and ROA of 25.01% that are outperforming 58% of the companies in the Global Credit Services industry. Financial strength has a rating of 9 out of 10 with cash to debt of 2.05.
The largest shareholder among the gurus is Tom Russo (Trades, Portfolio) with 0.87% of outstanding shares, followed by Steve Mandel (Trades, Portfolio) with 0.55%, Ruane Cunniff (Trades, Portfolio) with 0.48%, Warren Buffett (Trades, Portfolio) with 0.47%, Manning & Napier Advisors with 0.43% and Chuck Akre (Trades, Portfolio) with 0.42%.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 5 Warning Signs with GOOGL. Click here to check it out.
The intrinsic value of GOOGL
