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Wallace Weitz Exits Allergan, Trims Liberty Broadband Position

- By Tiziano Frateschi

Wallace Weitz (Trades, Portfolio), co-chief investment officer of Weitz Investment Management, sold shares of the following stocks during the first quarter.


The investor exited his Allergan PLC (AGN) position. The trade had an impact of -2.39% on the portfolio.

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The pharmaceutical company has a market cap of $44.37 billion and an enterprise value of $66.13 billion.


GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -10.59% and return of equity of -6.85% are underperforming 88% of companies in the Drug Manufacturers - Specialty and Generic industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.08 is below the industry median of 2.03.

The guru trimmed his Liberty Broadband Corp. (LBRDK) stake by 22.06%, impacting the portfolio by -1.37%.

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The telecom company has a market cap of $17.76 billion and an enterprise value of $18.21 billion.


GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of 0.67% and return on assets of 0.59% are outperforming 79% of companies in the Pay TV industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.14 is below the industry median of 0.3.

The company's largest guru shareholder is George Soros (Trades, Portfolio) with 4.02% of outstanding shares, followed by Lou Simpson (Trades, Portfolio) with 2.74% and Ruane Cunniff (Trades, Portfolio) with 1.88%.


Weitz curbed his Oracle Corp. (ORCL) holding by 35.47%, impacting the portfolio by -0.93%.

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The company, which provides a wide range of IT solutions, has a market cap of $186.57 billion and an enterprise value of $203.22 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 29.21% and return on assets of 8.60% are outperforming 50% of companies in the Software - Infrastructure industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.71 is below the industry median of 5.23.

The Mohawk Industries Inc. (MHK) position was closed, impacting the portfolio by -0.74%.

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The company, which sells flooring products, has a market cap of $9.70 billion and an enterprise value of $12.87 billion.


GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 10.39% and return on assets of 5.94% are outperforming 68% of companies in the Home Furnishings and Fixtures industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.03 is below the industry median of 1.05.


The company's largest guru shareholder is Richard Pzena (Trades, Portfolio) with 1.88% of outstanding shares, followed by Tom Gayner (Trades, Portfolio) with 0.3% and Third Avenue Management (Trades, Portfolio) with 0.12%.

The firm's Twenty-First Century Fox Inc. (NASDAQ:TFCFA) position was dissolved following Disney's (DIS) acquisition of the company. The trade had an impact of -0.65% on the portfolio.

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The media conglomerate had a market cap of $92.21 billion and an enterprise value of $91.36 billion.

GuruFocus gave the company a profitability and growth rating of 7 out of 10. The return on equity of 63.30% and return on assets of 24.69% outperformed 79% of companies in the Media - Diversified industry. Its financial strength was rated 6 out of 10. The cash-debt ratio of 1.11 was above the industry median of 0.82.

Weitz trimmed the Berkshire Hathaway Inc. (BRK-B) holding by 6.55%, impacting the portfolio by -0.54%.

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The company has a market cap of $500.59 billion and an enterprise value of $486.98 billion.


GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 7.46% and return on assets of 3.73% are outperforming 66% of companies in the Insurance - Diversified industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.27 is below the industry median of 1,000.

The largest guru shareholder of the company is Bill Gates (Trades, Portfolio)' foundation trust with 2.31% of outstanding shares, followed by Chris Davis (Trades, Portfolio) with 0.07% and Cunniff with 0.06%.

The investor cut his Mastercard Inc. (MA) position by 9.85%, impacting the portfolio by -0.39%.

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The credit card company has a market cap of $255.09 billion and an enterprise value of $254.24 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 111.09% and return on assets of 26.59% are outperforming 96% of companies in the Global Credit Services industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.14 is below the industry median of 8.43.

The company's largest guru shareholder is Chuck Akre (Trades, Portfolio) with 0.52% of outstanding shares, followed by Warren Buffett (Trades, Portfolio) with 0.48%, Steve Mandel (Trades, Portfolio) with 0.20% and Cunniff with 0.17%.

Disclosure: I do not own any stocks mentioned.

Read more here:

  • 8 Stocks Richard Pzena Continues to Buy
  • Chuck Akre Adds to American Tower, CarMax
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This article first appeared on GuruFocus.