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Steve Mandel Sells Allergan, DaVita During 4th Quarter

Steve Mandel ( Trades , Portfolio ) is the founder of Lone Pine Capital, a long/short equity money manager. During the fourth quarter Mandel sold many of his holdings.

He exited his position in Allergan PLC ( AGN ) with an impact of -2.99% on the portfolio.

The company is engaged in development, manufacturing, marketing, sale and distribution of generic, branded generic, brand name, biosimilar and over-the-counter pharmaceutical products. During the fourth quarter adjusted EBITDA from continuing operations increased 115%, and net revenue from continuing operations increased 74%.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with positive ROE of 5.65% that is underperforming and ROA of 3.21% that is underperforming 50% of the companies in the Global Drug Manufacturers - Specialty & Generic industry. Financial strength has a rating of 5 out of 10, with a cash-to-debt of 0.03 that is far below the industry median of 2.56.

Vanguard Health Care Fund ( Trades , Portfolio ) is the company's largest shareholder among the gurus with 2.78% of outstanding shares followed by Andreas Halvorsen ( Trades , Portfolio ) with 1.52%, John Paulson ( Trades , Portfolio ) with 1.4%, Daniel Loeb ( Trades , Portfolio ) with 1.37% and Paul Singer ( Trades , Portfolio ) with 0.51%.

The investor sold out his stake in DaVita HealthCare Partners Inc. ( DVA ) with an impact of -2.41% on the portfolio.

It is a provider of dialysis services in the U.S. for patients suffering from chronic kidney failure, also known as end stage renal disease, or ESRD.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with weak returns of ROE of 5.36% and ROA of 1.46% that are underperforming 66% of the companies in the Global Medical Care industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.21 that is below the industry median of 0.29.

The company's largest shareholder among the gurus is Warren Buffett ( Trades , Portfolio ) with 18.28% of outstanding shares followed by Manning & Napier Advisors Inc. with 0.67%, Alan Fournier ( Trades , Portfolio ) with 0.61%, Jim Simons ( Trades , Portfolio ) with 0.44% and Joel Greenblatt ( Trades , Portfolio ) with 0.14%.

The investor reduced his stake in JD.com Inc. ( JD ) by 37.94%. The deal had an impact of -1.81% on the portfolio.

The company is an online direct sales company in China. It provides consumers an online retail experience. Through its website www.jd.com and mobile applications, it offers a variety of authentic products. GMV for the third quarter of 2015 had an increase of 71% compared with the third quarter of a year before, and net revenues grew by 52%.

GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with negative returns of ROE of -7.42% and ROA of -3.66% that are underperforming 76% of the companies in the Global Internet Content

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 Nasdaq, Inc.


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

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