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Kahn Brothers Adds to 7 Holdings

- By Tiziano Frateschi

Investment firm Kahn Brothers (Trades, Portfolio) Group, which serves institutional and high-net-worth clients, bought shares of the following stocks during the third quarter.


The firm increased its stake in New York Community Bancorp Inc. (NYCB) by 29.29%, impacting the portfolio by 16.7%.

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The bank has a market cap of $4.81 billion and an enterprise value of $16.47 billion.

GuruFocus gives the company a profitability and growth rating of 1 out of 10. While the return on equity of 6.21% is underperforming the sector, the return on assets of 0.92% is outperforming 54% of companies in the Global Savings and Cooperative Banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.13 is below the industry median of 1.22.

The company's largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 6.16% of outstanding shares, followed by Kahn Brothers (Trades, Portfolio) with 0.81%, Pioneer Investments (Trades, Portfolio) with 0.15% and George Soros (Trades, Portfolio) with 0.14%.

The holding of Nam Tai Property Inc. (NTP) was increased 21.37%. The trade had an impact of 0.51% on the portfolio.

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The company, which is involved in property development and management, has a market cap of $356.97 million and an enterprise value of $216.04 million.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -3.86% and return on assets of -3.61% are underperforming 85% of companies in the Global Real Estate Services industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 15,660.22 is far above the industry median of 0.33.

The firm is the largest shareholder of the company among the gurus with 5.86% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.03%.

The investment firm added to its position in VOXX International Corp. (VOXX) by 4.27%. The trade had an impact of 0.12% on the portfolio.

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The company, which manufactures automotive, premium audio and consumer accessories, has a market cap of $128.01 million and an enterprise value of $91.55 million.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. While the return on equity of -0.12% is underperforming the sector, the return on assets of -0.09% is outperforming 67% of companies in the Global Auto Parts industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 2.62 is below the industry median of 0.53%.

Chuck Royce (Trades, Portfolio) is another notable guru shareholder of the company with 7.33% of outstanding shares.

Kahn Brothers added 0.99% to its BP PLC (BP) position, expanding the portfolio 0.10%.

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The integrated oil and gas company has a market cap of $141.27 billion and an enterprise value of $180.09 billion.

GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of 10.82% and return on assets of 3.91% are underperforming 69% of companies in the Global Oil and Gas Integrated industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.41 is below the industry median of 0.34.

The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 0.89% of outstanding shares, followed by Simons with 0.27% and Charles Brandes (Trades, Portfolio) with 0.04%.

The firm added 1.06% to its Assured Guaranty Ltd. (AGO) stake, impacting the portfolio by 0.09%.

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The financial services company has a market cap of $4.35 billion and an enterprise value of $4.51 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 7.84% and return on assets of 3.70% are outperforming 64% of companies in the Global Insurance - Specialty industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.15.

Kahn Brothers is the largest guru shareholder of the company with 1.17% of outstanding shares, followed by Arnold Schneider (Trades, Portfolio) with 0.75%, Royce with 0.26%, Diamond Hill Capital (Trades, Portfolio) with 0.14% and Jones with 0.05%.

The firm added 0.4% to its holding of GlaxoSmithKline PLC (GSK), expanding the portfolio 0.03%.

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The company, which produces and develops pharmaceutical products, has a market cap of $100 billion and an enterprise value of $56.28 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 99.98% and return on assets of 3.24% are outperforming 50% of companies in the Global Drug Manufacturers - Major industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of -0.14 is below the industry median of 2.03.

The company's largest guru shareholder is Dodge & Cox with 1.94% of outstanding shares, followed by Simons with 0.38%, Brandes with 0.09% and Pioneer Investments with 0.02%.

The firm added 0.66% to the AT&T Inc. (NYSE:T) position.

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The telecom company has a market cap of $221.88 billion and an enterprise value of $397.76 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 21.55% and return on assets of 6.98% are outperforming 74% of companies in the Global Telecom Services industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.05.

With 0.31% of outstanding shares, Pioneer Investments is the largest guru shareholder of the company, followed by Barrow, Hanley, Mewhinney & Strauss with 0.14% and Ray Dalio (Trades, Portfolio)'s Bridgewater Associates with 0.02%.

Disclosure: I do not own any stocks mentioned in this article.

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This article first appeared on GuruFocus.