Manning & Napier's Top First Quarter Stock Picks

By
A A A

Manning & Napier is an investment firm managing $50.8 billion in assets. The firm tends to increase its equity exposure near market bottoms and decrease it as markets reach a peak. They are focused on price and avoiding permanent loss of capital, and are flexible regarding regions, countries and sectors.

Manning & Naper's portfolio is valued at $24.3 billion, had 18% turnover in the first quarter, and contains 372 stocks, 81 of which are new. Currently its top sectors presented are energy at 18.5%, technology at 17.8% and consumer cyclical at 14.7%.

The firm's new stock picks for the first quarter are: Mosaic Co. ( MOS ), Liberty Global PLC ( LBTYA ), AMC Networks Inc. ( AMCX ), Apollo Education Group Inc. ( APOL ) and Liberty Global PLC ( LBTYK ).


New Stocks

Mosaic Co. ( MOS )

Manning & Napier's top new position is 5,976,930 shares of Mosaic Co., a 0.15% portfolio weight. The stock's average price for the quarter was $48.

1398197995285.png

Mosaic Co. is producers and marketers of concentrated phosphate and potash crop nutrients for the global agriculture industry. Mosaic Co. has a market cap of $19.59 billion; its shares were traded at around $49.11 with a P/E ratio of 13.20 and P/S ratio of 2.10. The dividend yield of Mosaic Co stocks is 2.0%. Mosaic Co. had an annual average earnings growth of 22.90% over the past 10 years.

Liberty Global Plc ( LBTYA )

Manning & Napier purchased 6,627,035 shares of Liberty Global Plc in the quarter, representing 0.14% of the portfolio. The stock's average share price was $71.

1398198121925.png

Liberty Global Plc, formerly Liberty Global Inc., a Delaware corporation, is an international cable company with operations in 14 countries. Liberty Global Plc has a market cap of $22.32 billion; its shares were traded at around $40.25 with and P/S ratio of 0.90. Liberty Global Plc had an annual average earnings growth of 18.50% over the past 10 years. GuruFocus rated Liberty Global Plc the business predictability rank of 2-star.

AMC Networks Inc. ( AMCX )

Manning & Napier purchased 3,482,000 shares of AMC Networks Inc., reflecting 0.13% of the portfolio. The stock's share price averaged $70 during the quarter.

1398198705224.png

AMC Networks Inc. is incorporated in the state of Delaware. AMC Networks Inc. has a market cap of $4.97 billion; its shares were traded at around $68.75 with a P/E ratio of 17.20 and P/S ratio of 3.20.

Apollo Education Group Inc. ( APOL )

The firm purchased 5,773,250 shares of Apollo Education Group, representing 0.098% of the portfolio. The stock's price averaged $32 in the quarter.

1398198849570.png

Apollo Group Inc. was incorporated in Arizona in 1981. Apollo Education Group Inc. has a market cap of $3.16 billion; its shares were traded at around $28.41 with a P/E ratio of 15.0 and P/S ratio of 1.0. Apollo Education Group Inc. had an annual average earnings growth of 9.70% over the past 10 years.

Liberty Global PLC ( LBTYK )

As its fifth largest new buy, Manning & Napier purchased 4,646,515 shares of Liberty Global Plc ( LBTYK ), a 0.094% portfolio weight. Shares cost $68 each on average during the quarter.

1398199658157.png

Liberty Global Plc, formerly Liberty Global Inc., a Delaware corporation, is an international cable company with operations in 14 countries. Liberty Global Plc has a market cap of $21.71 billion; its shares were traded at around $39.16 with and P/S ratio of 0.90. Liberty Global Plc had an annual average earnings growth of 18.50% over the past 10 years. GuruFocus rated Liberty Global Plc the business predictability rank of 2-star.


View more Manning & Napier stocks in their portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here !

About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

This article first appeared on GuruFocus .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: LBTYK , MOS , LBTYA , AMCX , APOL

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Stocks

Referenced

Most Active by Volume

91,252,153
  • $13.78 ▼ 4.31%
68,133,496
  • $12.93 ▲ 6.77%
57,268,074
  • $46.13 ▲ 2.47%
43,432,023
  • $105.22 ▲ 0.37%
40,880,685
  • $13.46 ▲ 8.90%
40,712,405
  • $98.62 ▲ 0.82%
39,776,976
  • $16.72 ▲ 0.72%
34,688,871
  • $11.16 ▲ 3.05%
As of 10/24/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com