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FPA Capital Fund Exits Allegiant, Cheesecake Factory

GuruFocus.com
·4 mins read

FPA Capital Fund (Trades, Portfolio) sold shares of the following stocks during the first quarter of 2020.


Allegiant Travel

The firm closed its Allegiant Travel Co. (ALGT) position. The portfolio was impacted by -9.32%.

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The provider of travel services by air has a market cap of $1.29 billion and an enterprise value of $2.26 billion.

GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 29.23% and return on assets of 8.24% are outperforming 86% of companies in the transportation industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.32 is above the industry median of 0.27.

The largest guru shareholder of the company is Diamond Hill Capital (Trades, Portfolio) with 3.07% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 1.86% and Chuck Royce (Trades, Portfolio) with 0.93%.

Cheesecake Factory

The investor closed its Cheesecake Factory Inc. (CAKE) holding. The portfolio was impacted by -4.57%.

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dbd91b6d5509f1fe1be9d56b6a816a49.png

The restaurant operator has a market cap of 810 million and an enterprise value of $2.36 billion.

The return on equity of 23.07% and return on assets of 5.96% are outperforming 74% of companies in the restaurants industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.37.

The largest guru shareholder of the company is Ron Baron (Trades, Portfolio) with 1.78% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio)'s GAMCO Investors with 1.19% and Richard Snow (Trades, Portfolio) with 0.52%.

Capitol Federal Financial

FPA exited its Capitol Federal Financial Inc. (CFFN) holding, impacting the portfolio by -4.18%.

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d3e583a47d09f4e8a73d2083f73eed03.png

The bank holding company has a market cap of $1.62 billion and enterprise value of $3.74 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 6.92% is underperforming the sector, return on assets of 0.99% is outperforming 52% of companies in the banks industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.03 is far below the industry median of 1.14.

The largest guru shareholder of the company is Jim Simons (Trades, Portfolio)' Renaissance Technologies with 5.82% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 0.30%.

First Hawaiian

The investor's firm closed its stake of First Hawaiian Inc. (FHB). The trade had an impact of -4.18% on the portfolio.

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0fcc381a64e3aee716a8c1feaaeff783.png

The bank holding company has a market cap of $2.01 billion and enterprise value of $1.92 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 10.86% and return on assets of 1.39% are outperforming 65.5% of companies in the banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 1.16 is above the industry median of 1.14.

The largest guru shareholder of the company is HOTCHKIS & WILEY with 2.84% of outstanding shares, followed by Simons' firm with 0.41% and NWQ Managers (Trades, Portfolio) with 0.25%.

Valmont Industries

The investor exited its Valmont Industries Inc. (VMI) position.

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ed86a8389451f0b2cf28109d17e4bd2e.png

The diversified producer of metal products has a market cap of $2.40 billion and an enterprise value of $2.97 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 14.19% and return on assets of 5.75% are outperforming 70% of companies in the industrial products industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.41 underperforms 67% of competitors.

Pioneer Investments (Trades, Portfolio) is the largest guru shareholder of the company with 1.95% of outstanding shares, followed by Royce with 1.82% and HOTCHKIS & WILEY with 0.17%.

Disclosure: I do not own any stocks mentioned.

Read more here:

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This article first appeared on GuruFocus.