Glenn Greenberg (Trades, Portfolio), leader of Brave Warrior Advisors LLC, sold shares of the following stocks during the third quarter.
Liberty Global
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- LBTYK 30-Year Financial Data
- The intrinsic value of LBTYK
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Greenberg exited his Liberty Global PLC (NASDAQ:LBTYK) stake. The portfolio was impacted by -6.58%.
The telecom company has a market cap of $13.93 billion and an enterprise value of $33.59 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 199.77% and return on assets of 24.66% are outperforming 96% of companies in the media - diversified industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.27 is below the industry median of 0.89.
The largest guru shareholder of the company is Seth Klarman (Trades, Portfolio) with 6.95% of outstanding shares, followed by Dodge & Cox with 0.28% and David Herro (Trades, Portfolio) with 1.87%.
The guru's Facebook Inc. (NASDAQ:FB) holding was closed. The portfolio was impacted by -5.93%.
The social media company has a market cap of $562.93 billion and an enterprise value of $519.80 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 20.77% and return on assets of 16.66% are outperforming 88% of companies in the interactive media industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 5.72 is above the industry median of 5.03.
The largest guru shareholder of the company is Chase Coleman (Trades, Portfolio) with 0.44% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 0.24% and Spiros Segalas (Trades, Portfolio) with 0.23%.
Lennar
The Lennar Corp. (NYSE:LEN) position was reduced by 25.48%, impacting the portfolio by -2.22%.
The American homebuilder has a market cap of $18.60 billion and an enterprise value of $26.98 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 13.22% and return on assets of 6.81% are outperforming 55% of companies in the homebuilding and construction industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.09 is below the industry median of 0.45.
The largest guru shareholder of the company is Barrow, Hanley, Mewhinney & Strauss with 1.36% of outstanding shares, followed by Greenberg with 0.79%, Ken Fisher (Trades, Portfolio) with 0.48% and Third Avenue Management (Trades, Portfolio) with 0.30%.
Alphabet
The guru reduced his Alphabet Inc. (NASDAQ:GOOG) holding by 0.72%. The trade had an impact of -0.12% on the portfolio.
The company, which operates in the media, communications and entertainment businesses, has a market cap of $910.57 billion and an enterprise value of $803.14 billion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 17.76% and return on assets of 13.37% are underperforming 71% of companies in the diversified media industry. Its financial strength is rated 9 out of 10, with a cash-debt ratio of 8.81 that is outperforming 56% of its competitors.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 0.30% of outstanding shares, followed by Fisher with 0.21% and Frank Sands (Trades, Portfolio) with 0.16%.
Antero Midstream
Greenberg trimmed the Antero Midstream Corp. (NYSE:AM) holding by 30.15%. The portfolio was impacted by -0.12%.
The midstream energy company has a market cap of $2.52 billion and an enterprise value of $5.18 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -8.34% and return on assets of -4.74% are underperforming 68% of companies in the oil and gas industry. Its financial strength is rated 4 out of 10, with a cash-debt ratio of 0.55 that is above the industry median of 0.48.
The largest guru shareholder of the company is Alan Fournier (Trades, Portfolio) with 0.59% of outstanding shares, followed by T Boone Pickens (Trades, Portfolio)'s BP Capital with 0.05%.
Frontdoor
The investor divested of his position in The Frontdoor Inc. (NASDAQ:FTDR). The portfolio was impacted by -0.10%.
The company has a market cap of $3.76 billion and an enterprise value of $4.33 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on assets of -13.57% is outperforming 86% of companies in the Personal Services industry. Its financial strength is rated 4.7 out of 10. The cash-debt ratio of 0.43 is below the industry median of 0.50.
Jim Simons (Trades, Portfolio)' Renaissance Technologies is the largest guru shareholder of the company with 1.92% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 0.95%, Chuck Royce (Trades, Portfolio) with 0.32% and Joel Greenblatt (Trades, Portfolio) with 0.11%.
Antero Resources Corp.
The Antero Resources Corp. (NYSE:AR) stake was reduced by 2.5%. The portfolio was impacted by -0.09%.
The company, which produces natural gas in the U.S. and Canada, has a market cap of $617.67 million and an enterprise value of $7.55 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 0.26% and return on assets of 0.13% are underperforming 52% of companies in the oil and gas industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.46 is below the industry median of 0.48.
The largest guru shareholder of the company is Seth Klarman (Trades, Portfolio) with 6.93% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 3.59%, Simons' firm with 1.45% and Fournier with 0.72%.
JPMorgan Chase
The JPMorgan Chase & Co. (NYSE:JPM) stake was reduced by 0.60%. The portfolio was impacted by -0.07%.
The American financial institution has a market cap of $409.69 billion and an enterprise value of $526.82 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 12.74% and return on assets of 1.3% are outperforming 76% of companies in the banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.74 is below the industry median of 1.14.
Warren Buffett (Trades, Portfolio) is the largest guru shareholder of the company with 1.90% of outstanding shares, followed by PRIMECAP Management with 0.73%.
Disclosure: I do not own any stocks mentioned.
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This article first appeared on GuruFocus.
- Warning! GuruFocus has detected 4 Warning Signs with LBTYK. Click here to check it out.
- LBTYK 30-Year Financial Data
- The intrinsic value of LBTYK
- Peter Lynch Chart of LBTYK