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Manning & Napier New Stocks of Fourth Quarter
1/29/2014 4:35:00 PM
Manning & Napier is an investment management company operating managed accounts, mutual funds and collective investment trust funds. As of Nov. 30, 2013, the firm has $50.4 billion in assets under management. Manning & Napier has a team approach to investing, is price conscious about stock selection, and focuses on positive absolute returns by avoiding over-valued areas.
Of the company's 333 long portfolio positions, 25 were new selections in the fourth quarter, according to data out today. The portfolio is fair valued at $22.13 billion.
Below are Manning & Napier's top new fourth-quarter buys.
5) HCA Holdings Inc. ( HCA )
Manning & Napier purchased 40,712 shares of HCA Holdings Inc. in the fourth quarter. The new holding reflects 0.18% of the portfolio.
HCA Holding Inc. is the nation's largest healthcare services provider. HCA Holdings Inc. has a market cap of $22.11 billion; its shares were traded at around $49.38 with a P/E ratio of 16 and P/S ratio of 0.7. HCA Holdings Inc. had an annual average earnings growth of 7.7% over the past 10 years.
4) Qihoo 360 Technology Co. Ltd. ( QIHU )
The firm purchased 1,088,560 shares of Qihoo 360 in the fourth quarter when the price averaged $84. The holding represents 0.4% of the portfolio.
Qihoo 360 Technology Co. Ltd. provides high-quality internet and mobile security products in China. Qihoo 360 Technology Co. Ltd. has a market cap of $11.29 billion; its shares were traded at around $91.97 with a P/E ratio of 122.80 and P/S ratio of 21.20.
3) DaVita HealthCare Partners Inc. ( DVA )
The firm bought 1,518,586 shares of DaVita HealthCare Partners in the fourth quarter when the price averaged $59. The holding represents 0.43% of the portfolio.
DaVita HealthCare Partners Inc. was incorporated as a Delaware corporation in 1994. DaVita HealthCare Partners Inc has a market cap of $13.6 billion; its shares were traded at around $63.96 with a P/E ratio of 23.70 and P/S ratio of 1.20. DaVita HealthCare Partners Inc. had an annual average earnings growth of 18.10% over the past 10 years. GuruFocus rated DaVita Healthcare Partners Inc. the business predictability rank of 3.5-star.
2) Realogy Holdings Corp. ( RLGY )
Manning & Napier bought 3,953,840 shares of Realogy Holdings Corp. in the fourth quarter whe the price averaged $45. The holding represents 0.88% of the portfolio.
Realogy Holdings Corp. is a global real estate brokerage franchising company that also engages in relocation and title services. Realogy Holdings Corp. has a market cap of $6.72 billion; its shares were traded at around $46.00 with and P/S ratio of 1.30.
1) Ambev SA ( ABEV )
Manning & Napier's larges new buy was of 55,415,500 shares of Ambev SA in the fourth quarter when the price averaged $7.
Companhia de Bebidas das Americas Ambev is the successor of Companhia Cervejaria Brahma ("Brahma") and Companhia Antarctica Paulista Industria Brasileira de Bebidas e Conexos ("Antarctica"), two of the oldest brewers in Brazil. Ambev Sa has a market cap of $101.81 billion; its shares were traded at around $6.50 with a P/E ratio of 31 and P/S ratio of 8. The dividend yield of Ambev Sa stocks is 0.60%. Ambev SA had an annual average earnings growth of 21.50% over the past 10 years. GuruFocus rated Ambev SA the business predictability rank of 4-star.
See more of Manning & Napier's new buys and sells in its 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 .