Both CSP Inc. (
) and ITT Educational Services Inc. (
) have struggled in the last year. Their revenues are way down as
of the second quarter, year over year.
's Blum Capital Partners LP continues to trim sinking education
companies where the company is 10% owner, and
of Ariel Capital Management cuts a long-held defense company that
delivered high gains over five years.
Here are company updates and reviews of the billionaires' trades:
, Ariel Capital Management
CSP Inc. (
Impacts Portfolio: -0.02%
Up 48% over 12 months, CSP Inc.
has a market cap of $24.5 million but its enterprise value is $4.18
million. Shares were traded with a P/E ratio of 4.60 and a P/B of
1.10. The dividend yield is 2.80%.
Incorporated in 1968, CSP Inc. and its subsidiaries develop and
market IT integration solutions and high-performance cluster
computer systems. The company operates in two segments, systems,
and service and system integration, serving the diverse
requirements of industrial, commercial, and defense customers
CSP Inc. reported financial results for the third quarter of fiscal
2013, ending June 30, 2013, with a net loss of $478,000, down from
$774,000 in the same quarter of fiscal 2012. The company reported
$0.14 earnings per diluted share, down from $0.22, in the same
quarter a year ago. CSP's net income for the first nine months of
fiscal 2013 was reported as $377,000, a significant drop from net
income of $1.7 million in the first nine months of fiscal 2012. The
company reported revenue of $65.7 million for the first nine months
of fiscal 2013, representing a 5% increase year over year. For the
quarter, revenue of $19 million reflects a 15% drop year over year.
As of July 31, 2013,
reduced his position by 47.64%, selling shares in the average price
range of $8.73. The current share price of $6.99 is down 20% change
The five-year trading history of Guru Rogers shows double-digit and
triple-digit gains in every quarter except for the second quarter
of 2013, when he had a loss of 5.7%, selling 9,331 shares at an
average price of $7.39 per share.
He has averaged a gain of 51% on 382,567 shares bought at an
average price of $4.63 per share. Selling, he has also gained 10%
on 13,331 shares sold at an average price of $6.32 per share.
Check out the other gurus holding CSPI
. There are no recent insider trades.
Track historical pricing, revenue and net income since 1990:
Guru: Richard Blum
ITT Educational Services Inc. (
Impacts Portfolio: -0.01%
Up 2% over 12 months, ITT Educational Services Inc. has a market
cap of $723.7 million; its shares were traded at around $31.11 with
a P/E ratio of 8.70 and a P/B of 3.90.
ITT Educational Services Inc. was incorporated in 1946. The company
is a provider of postsecondary degree programs in the United
States. It offers diploma, associate, bachelor and master degree
programs. With over 140 ITT Technical Institutes in 38 states, ITT
Technical Institutes are a private college system focused on
technology-oriented programs of study. The ITT Technical Institutes
have been actively involved in the higher education community in
the United States since 1969. ITT Technical Institutes features
seven schools of study, including the School of Information
Technology, the School of Drafting and Design, the School of
Electronics Technology, the School of Business, the School of
Criminal Justice, the School of Health Sciences and the
Breckinridge School of Nursing.
The company reported second quarter 2013 financial results with
revenue of $259.9 million down from $329.8 million in the same
quarter of 2012. Its operating income has decreased by 54.5% year
over year. Net income for the quarter was reported at $20.9
million, compared to $46 million in the second quarter of 2012.
Earnings per diluted share for the quarter are $0.89, down from
$1.96 year over year. ITT Educational Services Inc. reported that
while new student enrollment is up 7.5% over the same quarter a
year ago, total enrollment is down by 11.7%. The company had 58,617
students enrolled as of June 30, 2013.
As of Oct. 10, 2013, Richard Blum reduced his position by 0.05%,
selling shares in the average price range of $30.05. The current
share price is $30.37, with a change from average up 1%. This is
Blum's fourth reduction since September 2013.
Blum's five-year trading history shows 13 quarters of double-digit
losses, starting back in the fourth quarter of 2008. This holding
started to gain for Blum in the fourth quarter of 2012, when he
gained 44% buying 579,120 shares at an average price of $21.61 per
share. He also gain 103.9% in the following quarter and gained
51.2% in the second quarter of 2013. But overall, Blum has averaged
a loss of 63% on 872,099 shares bought at an average price of
$83.92 per share. Selling, he has shown a loss of 28% on 1,100,974
shares sold at an average price of $43.32 per share.
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