Apple Inc. (AAPL), NVIDIA Corporation (NVDA), Google Inc (GOOG): Aptly-Named Contrarius Investment Making Some Contrarian Moves

Page 1 of 2

Editor’s Note: Related tickers: Apple Inc. (NASDAQ:AAPL), Gannett Co., Inc. (NYSE:GCI), The New York Times Company (NYSE:NYT),  NVIDIA Corporation (NASDAQ:NVDA), Google Inc (NASDAQ:GOOG)

As hedge funds’ Q1 13F filings continue to flutter in, we have a unique opportunity to get a hand-on look at each of these major players’ best equity picks. See the original 13F of Contrarius Investment here, which is the fund we’ll be focusing on.

The top dog

Apple Inc. (NASDAQ:AAPL) has kept its number one spot in the fund’s top five equity holdings, and actually saw the size of its position increase from 208,974 shares to 296,212, leading to a subtler increase in value of 17.90%. The position is now worth $131.121 million, and like more prominent investors David Einhorn and Ken Fisher, Apple Inc. (NASDAQ:AAPL) is still attractive as a value play. Trading at a trailing P/E ratio of 11.07 and a forward ratio of 10.52, Cupertino is expected to generate EPS growth of 19-20% a year over the next half-decade—lower than previous years, but still up there in comparison to its competitors.

David Einhorn

The best of the rest

Next is Gannett Co., Inc. (NYSE:GCI). The media and marketing solutions company has seen its stake increased by 58,106 shares to a whopping 5,638,722, according to the latest 13F. The value of the holding has increased by 22.70% to $123.319 million. Gannett Co., Inc. (NYSE:GCI) has a beta of 1.53 and an EPS of $1.95, with a P/E ratio of 10.50 compared to a forward P/E of 8.25. Analysts are positive overall on the stock as a likely value play, with five recommending it as a Buy, one opting for a Strong Buy, and 6 calling for a Hold.

The New York Times Company (NYSE:NYT) is the third largest equity holding listed in the fund’s 13F, with an increase in the quantity of shares from 529,851 to 12,126,484 quarter-over-quarter. The value of the fund’s stake has increased by 20.14% to $118.840 million. The stock has recently shown a quarterly EPS of $0.04, confirming analyst estimations, and Contrarius’s contrarian conviction (say that five times fast!). Trading at a trailing P/E of 15.47 and a forward P/E of 22.83, the company currently has mixed feedback from analysts, with the majority recommending it as a Hold at the moment.

During the first quarter, Contrarius raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 327,217 shares to 6,113,119, according to the 13F. Meanwhile, the value of the holding has increased by 10.57% to $78.431 million. NVIDIA Corporation (NASDAQ:NVDA) has a trailing EPS of $0.90. The P/E ratio for the previous 12 months is 15.50 with a forward ratio of 16.98. With a beta of 1.64, NVIDIA has shown a quarterly revenue growth rate on a year-to-year basis of 16.10%.

And last, but by no means least, the fund reduced its stake Google Inc (NASDAQ:GOOG) from 80,126 to 60,212 shares last quarter, but still keeps the tech giant in its top five.

The value of the holding fell by 15.63% to $47.820 million, in a move that can only be explained as profit-taking at its finest. Google Inc (NASDAQ:GOOG) has a P/E ratio of 25.99, with a forward rate estimated at 16.27. A beta of 1.16 is also notable, and Google Inc (NASDAQ:GOOG) has increased its revenue by 31.20% on a year-over-year basis, according to its latest quarterly financials.

Final thoughts

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!