Columbia Wanger Boosts LivaNova, Sells Stericycle

Columbia Wanger Boosts LivaNova, Sells Stericycle

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Columbia Wanger ( Trades , Portfolio ) manages a portfolio composed of 198 stocks with total value of $8.623 billion. The following are its largest trades of the second quarter:

The guru bought 2,207,192 shares in LivaNova PLC AA ( LIVN ) with an impact of 1.29% on the portfolio.

It is a medical technology company formed by the merger of Sorin S.P.A., engaged in the treatment of cardiovascular diseases, and Cyberonics Inc., a medical device company with core expertise in neuromodulation.

Second quarter worldwide sales grew on a 1.3% reported basis as compared to the previous year and on a constant-currency basis, sales increased 0.7% over the previous year. Diluted earnings per share were 18 cents and adjusted diluted earnings per share were 87 cents.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of -8.70% and ROA of -6.29% that are underperforming 60% of the companies in the Global Medical Devices industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.46 that is below the industry median of 2.23.

The largest shareholder among the gurus is Jim Simons ( Trades , Portfolio ) with 5.04% of outstanding shares followed by Columbia Wanger ( Trades , Portfolio ) with 4.5%, Third Avenue Management ( Trades , Portfolio ) with 0.55% and John Paulson ( Trades , Portfolio ) with 0.53%.

The investor reduced its stake in Donaldson Co. Inc. ( DCI ) by 79.81% with an impact of -1.03% on the portfolio.

The company is a manufacturer of filtration systems and replacement parts. Its product mix includes dust, fume and mist collectors, air filtration systems for gas turbines, PTFE membrane-based products and others.

Third quarter net earnings of $54.8 million, or 41 cents per share, compared with $47.8 million, or 34 cents per share, in 2015, and adjusted EPS was 43 cents compared with 37 cents last year.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 24.32% and ROA of 10.35% that are outperforming 88% of the companies in the Global Diversified Industrials industry.

Mairs and Power ( Trades , Portfolio ) is the company’s largest shareholder among the gurus with 4.26% of outstanding shares followed Mario Gabelli ( Trades , Portfolio ) with 1.15%, Chuck Royce ( Trades , Portfolio ) with 0.21%, Joel Greenblatt ( Trades , Portfolio ) with 0.01% and Jeremy Grantham ( Trades , Portfolio ) with 0.01%.

The investor closed its stake in Amphenol Corp. Class A AA ( APH ) with an impact of -0.87% on the portfolio.

The company designs, manufactures and markets electrical, electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable.

Second quarter GAAP-diluted earnings per share of 65 cents compared to 56 cents for the comparable 2015 period and sales for the second quarter were a record $1.548 billion compared to $1.351 billion for the comparable 2015 period.

GuruFocus gives the stock a profitability and

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This article first appeared on GuruFocus .