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David Abrams Exits Western Union, Trims O'Reilly Holding

- By Tiziano Frateschi

Abrams Capital Management leader David Abrams (Trades, Portfolio) sold shares of the following stocks during the first quarter.


The guru's Western Union Co. (WU) stake was closed. The trade had an impact of -7.36% on the portfolio.

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The company, which provides domestic and international money transfers, has a market cap of $8.36 billion and an enterprise value of $7.40 billion.


GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on assets of 8.87% is underperforming 88% of companies in the Credit Services industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 1.29 is below the industry median of 8.43.

The largest guru shareholder of the company is John Rogers (Trades, Portfolio) with 0.52% of outstanding shares, followed by Ray Dalio (Trades, Portfolio) with 0.35% and Joel Greenblatt (Trades, Portfolio) with 0.11%.

The investor trimmed his O'Reilly Automotive Inc. (ORLY) position by 13.01%, impacting the portfolio by -1.59%.

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The retailer of aftermarket automotive parts and accessories has a market cap of $28.55 billion and an enterprise value of $31.96 billion.


GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 329.71% and return on assets of 16.20% are outperforming 94% of companies in the Specialty Retail industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.99.

The company's largest guru shareholder is Chuck Akre (Trades, Portfolio) with 2.41% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 1.07%, Abrams with 0.96% and Mario Gabelli (Trades, Portfolio) with 0.28%.


Abrams sold out of Global Eagle Entertainment Inc. (ENT), impacting the portfolio by -0.56%.

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The company, which provides content, connectivity and digital media solutions, has a market cap of $80.91 million and an enterprise value of $751.37 million.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on assets of -28.50% is underperforming 92% of companies in the Media - Diversified industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.82.

The company's largest guru shareholder is Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.21% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.12%.

The Franklin Resources Inc. (BEN) holding was reduced 2.64%, impacting the portfolio by -0.32%.

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The investment services provider has a market cap of $17.32 billion and an enterprise value of $12.72 billion.


GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 15.55% and return on assets of 10.21% are outperforming 82% of companies in the Asset Management industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 8.14 is far below the industry median of 480.


The company's largest guru shareholder is Abrams with 1.93% of outstanding shares, followed by Richard Pzena (Trades, Portfolio) with 1.70% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 1.06%.

The guru curbed his Teva Pharmaceutical Industries Ltd. (TEVA) stake by 2.57%, impacting the portfolio by -0.30%.

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The pharmaceutical company has a market cap of $15.98 billion and an enterprise value of $43.72 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -21.25% and return on assets of -5.24% are underperforming 85% of companies in the Drug Manufacturers - Specialty and Generic industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.07 is below the industry median of 2.03.

The company's largest guru shareholder is Warren Buffett (Trades, Portfolio) with 3.97% of outstanding shares, followed by the Vanguard Health Care Fund (Trades, Portfolio) with 3.53%.

Abrams trimmed his Barnes & Noble Education Inc. (BNED) position by 27.45%, impacting the portfolio by -0.27%.

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The bookstore operator has a market cap of $184.98 million and an enterprise value of $233.03 million.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 8.32% and return on assets of 3.14% are underperforming 92% of companies in the Specialty Retail industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.32 is below the industry median of 0.99.


Another notable shareholder of the company is Michael Price (Trades, Portfolio) with 0.84% of outstanding shares, followed by Royce with 0.18% and Gabelli with 0.05%.

The investor trimmed his Amerco Inc. (UHAL) holding by 2.57%, impacting the portfolio by -0.20%.

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The company, which provides rental trucks to household movers, has a market cap of $7.69 billion and an enterprise value of $8.56 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 10.79% and return on assets of 3.45% are outperforming 79% of companies in the Rental and Leasing Services industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.78 is above the industry median of 0.66.

The company's largest guru shareholder is Abrams with 2.86% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 2.26%, Hotchkis & Wiley with 1.15% and Yacktman Asset Management (Trades, Portfolio) with 0.91%.

Disclosure: I do not own any stocks mentioned.

Read more here:

  • Insiders Roundup: Zivo Bioscience, OPKO Health
  • Chuck Royce's Firm Trims UniFirst Position, Exits Teradyne
  • Richard Pzena Reduces Dover, Sells BP



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This article first appeared on GuruFocus.