Spotlight Growth
No Result
View All Result
Thursday, March 23, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Market News

7 Stocks that Baron Group Trimmed From Its Portfolio in Q4 2019

by admin
March 10, 2020
in Market News
0
7 Stocks Trimmed Baron Group Q4 2019

7 Stocks Trimmed Baron Group Q4 2019

Baron Group, founded by fund manager Ron Baron, recently made a number of changes to its holdings in the fourth quarter of 2019.

When trading gurus and reputable fund managers cut stocks from their portfolio, it’s a sign worth acknowledging. In many cases, you may want to consider making similar changes to your portfolio. However, this should not be taken as definitive and investors are still recommended to conduct their own due diligence.

Continue reading for more details regarding the stocks that this hedge fund cut to close out 2019.

Maximus

Maximum Inc. (NYSE: MMS) is a government health and human services program operator with a market cap of about $4.50 billion and an enterprise value of nearly $4.60 billion. Baron Funds recently cut its MMS position by just over 66%, resulting in a -0.13% impact on its portfolio.

While Baron Group did cut its position, Maximus does show some promise with a return on equity of 20.17% and return on assets of 13.87%, better than the vast majority of companies in the business services industry.

Other notable shareholders of MMS include Pioneer Investments with 0.34% of outstanding shares and Renaissance Technologies with 0.37%.

CoStar

A commercial real estate data company, CoStar Group Inc. (NASDAQ: CSGP) has a market cap of $26.24 billion and an enterprise value of $24.99 billion.

Like Maximus, CoStar has strong growth potential with a return on equity of nearly 1% and a return on assets of almost 9%. The company also has a cash-debt ratio of 9.58.

Baron Funds recently cut its position by 5.16% and still holds 6.2% of outstanding shares. Other notable shareholders include Frank Sands with 3.76% and Chuck Akre with 0.68%.

Nokia Corporation

Next, Baron Funds exited its position in Nokia Corporation (NASDAQ: NOK), a telecommunication equipment provider with a market capitalization of over $23 billion and an enterprise value of about $22.5 billion. Baron Funds’ portfolio was impacted by -0.12% following the closing of this position.

The company has a cash-debt ratio of 1.16, return on equity of 0.04%, and return on assets of 0.02% — leaving some room for uncertainty regarding the company’s forward-looking growth potential.

Notable shareholders also include PRIMECAP Management with 0.64% of outstanding shares, John Rogers with 0.32%, and Ken Heebner with 0.14%.

Expedia Group

You’re likely already familiar with Expedia Group Inc. (NASDAQ: EXPE), one of the largest online travel agencies in the world with a market cap of $16.82 billion. The company also has an enterprise value of just over $20 billion.

Baron Funds completely exited its position in EXPE, impacting its portfolio by -0.17%. EXPE’s largest shareholders include Renaissance Technologies with 0.65% of outstanding shares, followed by Point72 Asset Management with 0.26%, and Pioneer Investments with 0.24%.

Despite Baron’s decision to exit this position, Expedia shows strong growth potential with a return on equity of 13.66% and return on assets of 2.72%, outperforming more than half of the companies in the travel industry.

Cision

Cision Ltd. (NYSE: CISN) is a media communications company with a return on equity of -1.21% and the return on assets of -0.24%, which are below the industry standards. The company also has a market cap of $1.48 billion and an enterprise value of $2.74 billion.

Baron Funds closed its position in CISN in Q4 2019 resulting in a -0.19% impact on the portfolio.

More notable shareholders of CISN include Renaissance Technologies with 0.37% of outstanding shares, GAMCO Investors with 0.11%, and Gotham Asset Management with 0.04%.

IDEXX Laboratories

Next, Baron cut its position in IDEXX Laboratories (NASDAQ: IDXX) by 3.4%. The company, which specializes in developing and distributing diagnostic products, has a market cap of over $23 billion along with an enterprise value of $24.71 billion.

After dropping its position, Baron’s portfolio was impacted by -0.15%. Other notable shareholders are Pioneer Investments with 0.19% of outstanding shares and Renaissance Technologies with 0.75%.

Vail Resorts

Lastly, we have Vail Resorts Inc. (NYSE: MTN), a resort and casinos company that was recently trading at $201.40. The resort company has a market cap of just over $10 billion and an enterprise value of about $12.5 billion.

After dropping its position by nearly 5.5%, Baron Funds’ portfolio was impacted by -0.25%. Baron is one of the largest notable shareholders with 11.31% of outstanding shares. This is followed by Diamond Hill Capital with 1.19% and Pioneer Investments with 0.17%.

Article By: Connor Beam

Tags: asset managementBaron Groupbuycommon stockCoStarCSGPemerging growthhealth serviceshedge fundinvestinginvestmentmarket newsMMSMTNNASDAQnewsNOKNYSEportfolioportfolio managementpublic companyRon Baronsalessellservicessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stocksstock marketstockstradingVail ResortsWall Street
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
JanOne NASDAQ JAN Sells ARCA Recycling Business Focus on Biopharma Spotlight Growth

JanOne (NASDAQ: JAN) Sells ARCA Recycling Business to VM7, Will Focus on Budding Biopharmaceuticals Business

March 22, 2023
89bio NASDAQ ETNB Phase 2b ENLIVEN Trial Pegozafermin NASH Spotlight Growth

89bio (NASDAQ: ETNB) Reports Phase 2b ENLIVEN Trial of Pegozafermin Achieved Primary Endpoints For Treatment of Nonalcoholic Steatohepatitis (NASH)

March 22, 2023
U.S. Xpress NYSE USX Knight-Swift Transportation NYSE KNX Acquisition Spotlight Growth

U.S. Xpress Enterprises (NYSE: USX) Enters Into Acquisition Agreement With Knight-Swift Transportation (NYSE: KNX) Valued at $808 Million

March 21, 2023
Axon Enterprise Logo

Axon Enterprise (NASDAQ: AXON) Maintains its Market Dominance with Strong Growth

March 20, 2023

Recent News

JanOne NASDAQ JAN Sells ARCA Recycling Business Focus on Biopharma Spotlight Growth

JanOne (NASDAQ: JAN) Sells ARCA Recycling Business to VM7, Will Focus on Budding Biopharmaceuticals Business

March 22, 2023
89bio NASDAQ ETNB Phase 2b ENLIVEN Trial Pegozafermin NASH Spotlight Growth

89bio (NASDAQ: ETNB) Reports Phase 2b ENLIVEN Trial of Pegozafermin Achieved Primary Endpoints For Treatment of Nonalcoholic Steatohepatitis (NASH)

March 22, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested