David Tepper Trims UnitedHealth, Exits Intelsat
Appaloosa Management leader David Tepper (Trades, Portfolio) sold shares of the following stocks during the third quarter.
UnitedHealth Group
Tepper trimmed his UnitedHealth Group Inc. (NYSE:UNH) holding by 25.37%. The portfolio was impacted by -0.23%.
The health insurance services provider has a market cap of $267.81 billion and an enterprise value of $299.64 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 25.5% and return on assets of 8.28% are outperforming 61% of companies in the health care plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.35 is below the industry median of 0.87.
The largest guru shareholder of the company is the Vanguard Health Care Fund (Trades, Portfolio) with 1.03% of outstanding shares, followed by Dodge & Cox with 0.77% and Steve Mandel (Trades, Portfolio)'s Lone Pine Capital with 0.48%.
Intelsat
The guru closed the Intelsat SA (I) position. The portfolio was impacted by -0.12%.
The company, which operates a satellite services business, has a market cap of $909.45 million and an enterprise value of $14.57 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on assets of -7.47% is underperforming 80% of companies in the telecommunication services industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.27.
The largest guru shareholder of the company is George Soros (Trades, Portfolio) with 0.39% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.30% and Joel Greenblatt (Trades, Portfolio) with 0.11%.
Centene
The investor exited the Centene Corp. (NYSE:CNC) holding, impacting the portfolio by -0.07%.
The health care plans provider has a market cap of $25.31 billion and an enterprise value of $25.43 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 11.75% and return on assets of 4.12% are underperforming 76% of companies in the health care plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1 is above the industry median of 0.87.
The largest guru shareholder of the company is Andreas Halvorsen (Trades, Portfolio) with 3.56% of outstanding shares, followed by Lee Ainslie (Trades, Portfolio) with 2.09% and the Vanguard Health Care Fund with 1.32%.
Humana
Tepper trimmed his Humana Inc. (NYSE:HUM) position by 21.38%. The trade had an impact of -0.06% on the portfolio.
The company, which provides government-sponsored plans, has a market cap of $45.66 billion and an enterprise value of $36.04 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 23.15% and return on assets of 9.15% are outperforming 86% of companies in the health care plans industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.87.
The largest guru shareholders are Larry Robbins (Trades, Portfolio) with 1.21% and Mandel with 1.20%.
SPDR S&P Oil & Gas Exploration & Production ETF
Tepper reduced his stake in the SPDR S&P Oil & Gas Exploration & Production Exchange-Traded Fund (XOP) by 5.22%. The portfolio was impacted by -0.06%.
Mr. Cooper Group
The guru trimmed the Mr. Cooper Group Inc. (NASDAQ:COOP) position by 49.42%. The portfolio was impacted by -0.05%.
The financial services company has a market cap of $1.22 billion and an enterprise value of $14.30 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of -10.3% and return on assets of -1.06% are underperforming 96% of companies in the banks industry. Its financial strength is rated 2.7 out of 10. The cash-debt ratio of 0.03 is far below the industry median of 1.12.
The largest guru shareholder of the company is Diamond Hill Capital (Trades, Portfolio) with 9.36% of outstanding shares, followed by Howard Marks (Trades, Portfolio) with 2.12% and Leon Cooperman (Trades, Portfolio) with 1.11%.
Clearway Energy
The investor reduced his position in Clearway Energy Inc. (NYSE:CWEN) by 14.7%. The portfolio was impacted by -0.02%.
The electric utility company has a market cap of $3.64 billion and an enterprise value of $10.09 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -4.05% and return on assets of -0.85% are underperforming 78% of companies in the utilities - independent power producers industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.16.
Simons' firm is the largest guru shareholder of the company with 1.23% of outstanding shares, followed by Tepper with 0.31%.
Disclosure: I do not own any stocks mentioned.
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This article first appeared on GuruFocus.
