Menlo Park, CA, based Investment company Silver Lake Group, L.L.C. buys SMART Global Holdings Inc, sells GoDaddy Inc, BlackLine Inc during the 3-months ended 2017-06-30, according to the most recent filings of the investment company, Silver Lake Group, L.L.C.. As of 2017-06-30, Silver Lake Group, L.L.C. owns 9 stocks with a total value of $3.3 billion. These are the details of the buys and sells.
New Purchases: SGH, Reduced Positions: GDDY, BL,
For the details of Silver Lake Group, L.L.C.’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Silver+Lake+Group%2C+L.L.C.
These are the top 5 holdings of Silver Lake Group, L.L.C.GoDaddy Inc (GDDY) – 21,678,180 shares, 28.11% of the total portfolio. Shares reduced by 31.86%Sabre Corp (SABR) – 30,019,094 shares, 19.98% of the total portfolio. BlackLine Inc (BL) – 15,193,571 shares, 16.6% of the total portfolio. Shares reduced by 20.84%Alibaba Group Holding Ltd (BABA) – 3,587,218 shares, 15.45% of the total portfolio. Broadcom Ltd (AVGO) – 1,618,567 shares, 11.53% of the total portfolio. New Purchase: SMART Global Holdings Inc (SGH)
Silver Lake Group, L.L.C. initiated holdings in SMART Global Holdings Inc. The purchase prices were between $12.98 and $17.21, with an estimated average price of $15.11. The stock is now traded at around $22.87. The impact to the portfolio due to this purchase was 0.74%. The holdings were 1,500,000 shares as of 2017-06-30.
free stock picks: Statoil ASA(STO)
Advisors’ Opinion:
- [By Paul Ausick]
Norway’s Statoil ASA (NYSE: STO) announced this morning that it has acquired stakes in two North Sea projects from France’s Total S.A. (NYSE: TOT). The transaction, valued at $1.45 billion, includes a 51% equity stake in the Martin Linge field and a 40% stake in the Garantiana discovery, both located on Norway’s continental shelf.
- [By Ben Levisohn]
Should oil prices recover, we believe that deepwater drilling activity growth should lag growth in US shale activity, as project economics is generally better in US shales, and E&Ps involved in US shales are generally quicker to react. Deepwater activity is largely comprises a handful of companies (Petrobras (PBR), Statoil (STO), Total (TOT), Shell (RDS.A), BP (BP), ONGC, ExxonMobil (XOM) and Chevron (CVX)) and it is unlikely that these companies can meaningfully increase their rig demand in a short period of time to absorb the current oversupply. Thus, should oil prices rise in 2018, rig demand may increase, but likely not enough to tighten the market, given that supply equaling 43% of current working rig count is stacked and new supply equaling 25% of working rig count is under-construction and should be entering the market in the coming years. As a result, while we expect some improvement in rig utilization owing to rig retirements, it will unlikely be strong enough to meaningfully improve rates in 2018 above spot levels. Any demand increase in the interim could slow rig retirements materially, and be self-defeating. We thus are Sell rated on Transocean, Atwood and Noble.
- [By Todd Shriber, ETF Professor]
NORW reflects Norway's oil exposure. The ETF allocates nearly 28.8 percent of its weight to the energy, 870 basis points more than it devotes to its second-largest sector exposure, financial services. State-run Statoil ASA(ADR) (NYSE: STO) is NORW's largest individual holding at a weight of 15.3 percent, or 560 basis points more than NORW allocates to its second-largest holding.
- [By Ben Levisohn]
We believe that the equity market has neutralised much of its underweight energy positioning in 4Q/1Q, but was caught by the sharp rally in crude from end-January. Our base-case sees oil prices still higher by end-2016 (we see >$50/bbl), albeit with a choppy 2Q likely ahead. In this scenario a modest, rather than fully-fledged price-recovery we continue to place a lot of importance on self-help in driving ROE expansion (as opposed to relying simply on oil-leverage). Value-adjusted, we like the self-help stories around Total, Chevron, Statoil (STO), Royal Dutch Shell and Eni (E) in the group. Total is on the Citi European Focus list.
free stock picks: Great Canadian Gaming Corporation (GCGMF)
Advisors’ Opinion:
- [By SEEKINGALPHA.COM]
SA: You recently published a thesis on Great Canadian Gaming (OTCPK:GCGMF), a Canadian company do you see the Canadian (or another) market as having greater opportunity to uncover hidden value than the U.S.?
free stock picks: Chipotle Mexican Grill Inc.(CMG)
Advisors’ Opinion:
- [By Brian Stoffel]
Coming out of the Great Recession, Chipotle (NYSE:CMG) was an investment phenomenon. The company somehow found the magical combination of expanding its number of stores while simultaneously achieving rapid growth at its existing locations.
- [By Ben Levisohn]
Chipotle Mexican Grill (CMG) has fallen 1.4% to $405.20 after JPMorgan cut its rating to Neutral from Overweight.
Tiffany (TIF) has tumbled 4.7% after its holiday sales were lower than it had expected. It blamed, in part, disruptions created by the nearby Trump Towers.
- [By Seth McNew]
Chipotle Mexican Grill(NYSE:CMG) looks to be in recovery mode after a very rough year and a half. Things seem to be turning around, with traffic and sales picking back up as Chipotle continues to drive the message that its food is “as real as it gets.” One area that could help to amplify its growth is if Chipotle’s new digital strategy really starts to take off this year.
free stock picks: United States Steel Corporation(X)
Advisors’ Opinion:
- [By Dan Caplinger]
The stock market lost more ground on Friday, but major market benchmarks still managed to post healthy gains as 2016 drew to a close. Double-digit percentage gains for the year continued the bull market, and investors generally enjoyed positive momentum despite the sluggish levels of trading activity during the inter-holiday week. Nevertheless, some stocks suffered more precipitous declines, and U.S. Steel (NYSE:X), EnteroMedics (NASDAQ:ETRM), and McEwen Mining (NYSE:MUX) were among the worst performers on the last trading day of the year. Below, we’ll look more closely at these stocks to tell you why they did so poorly.
- [By Lisa Levin]
Thursday afternoon, the basic materials sector proved to be a source of strength for the market. Leading the sector was strength from United States Steel Corporation (NYSE: X) and Cliffs Natural Resources Inc (NYSE: CLF).
- [By Lee Jackson]
These companies also reported insider buying last week: Apache Corp. (NYSE: APA), Halliburton Co. (NYSE: HAL), Revlon Inc. (NYSE: REV), Valeant Pharmaceuticals International Inc. (NYSE: VRX) and U.S. Steel Corp. (NYSE: X).
