Real Time and Review - RS Investment Management's Reductions

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Based in San Francisco, RS Investment Management is a privately owned investment manager, led by CEO Matthew H. Scanlan. The company's updated portfolio lists 322 stocks, with 50 new stocks, a total value of $15.33 billion, up from $13.78 billion in August. The quarter-over-quarter turnover is 13%. The portfolio's top four sectors are weighted as: energy at 20.2%, basic materials at 17.5%, industrials at 13.1% and financial services at 12.8%. According to the GuruFocus Scoreboard , RS Investment Management is averaging a 12-month return of 23.15%.

The top reductions featured today made the highest impact on the recent RS Investment Management portfolio. According to GuruFocus Real Time Picks , the firm's most recent reduction was eHealth Inc., an online health insurance exchange, reporting third quarter revenue of $42 million, up 12% from the same quarter of 2012 at $37.6 million. The company reported a net income of $0.2 million (GAAP) for the third quarter of 2013, with earnings of $0.01 per diluted share.

eHealth Inc.'s e-commerce site helps individuals, families and small businesses compare health insurance products, and purchase and enroll in coverage online. The company also offers e-commerce solutions to health plan providers and resellers. In the third quarter of 2013, eHealth's estimated members increased by 24% over the same quarter last year, according to a company press release.

eHealth Inc.( EHTH ): Reduced

Impacts Portfolio: -0.53%

Current Shares: 1,126,331

Up 86% over 12 months, eHealth Inc. has a market cap of $848.95 million. Shares trade with a P/E ratio of 155.10.

The company does not pay a dividend.

Guru Action: As of Oct. 31, 2013, RS Investment Management reduced its position by 59.9%, selling shares in the average price range of $42.62.

The current price is $45.75 with a change from average up 7%.

Over a remarkable five-year trading history of mostly triple-digit gains, RS Investment Management has averaged a gain of 193% on 3,697,421 shares bought at an average price of $15.62 per share. On shares sold, the firm averaged a gain of 89% on 1,478,811 shares sold at an average price of $24.18 per share.

Check out three guru stakeholders reducing recently and insider selling.

Tracking historical share pricing, revenue and net income:



EQT Corp. ( EQT ): Reduced

Impacts Portfolio: 0.49%

Current Shares: 1,041,109

Up 39% over 12 months, EQT Corp., an oil and gas exploration and production company, has a market cap of $12.83 billion. Shares trade with a P/E ratio of 39.90.

The dividend yield is 0.14%.

Guru Action: As of Sept. 30, 2013, RS Investment Management reduced its position by 44.75%, selling shares in the average price range of $85.25.

The current price is $85.11 with a change from average down 0%.

RS Investment Management has averaged a gain of 67% on 3,494,625 shares bought at an average price of $50.83 per share. On shares sold, the firm averaged a gain of 9% on 2,453,516 shares sold at an average price of $78.38 per share.

Check out five gurus making new buys and insider trading.

Tracking historical share pricing, revenue and net income:



Yahoo! Inc. ( YHOO ): Reduced

Impacts Portfolio: -0.4%

Current Shares: 754,221

Up 93% over 12 months, Yahoo! Inc. has a market cap of $35.98 billion. Shares trade with a P/E ratio of 30.50.

The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, RS Investment Management reduced its position by 74.75%, selling shares in the average price range of $28.25 per share.

The current price is $35.47 with a change from average up 26%.

RS Investment Management has averaged a gain of 125% on 5,198,880 shares bought at an average price of $15.74 per share. The firm averaged a gain of 32% on 4,444,659 shares sold at an average price of $26.81 per share.

Check out this remarkable trading history:



Review more guru stakeholders and recent insider selling .

Tracking historical share pricing, revenue and net income:



Concho Resources Inc. ( CXO ): Reduced

Impacts Portfolio: -0.39%

Current Shares: 4,259,678

Up 36% over 12 months, Concho Resources Inc., an oil and gas E&P company, has a market cap of $11.65 billion. Shares trade with a P/E ratio of 52.50.

The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, RS Investment Management reduced its position by 13.03%, selling shares in the average price range of $95.19.

The current price is $110.90 with a change from average up 16%.

In another five-year history of high gains, RS Investment Management has averaged a gain of 70% on 8,469,457 shares bought at an average price of $65.18 per share. The firm averaged a gain of 32% on 4,209,779 shares sold at an average price of $84.28 per share.

Here are more guru stakeholders and recent insider activity.

Tracking historical share pricing, revenue and net income:



Here's the complete portfolio of RS Investment Management .



GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

If you are not a Premium Member, we invite you for a 7-day Free Trial . 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 .



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: CXO , EHTH , EQT , YHOO

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