International Value Advisers released its quarterly 13F filing with the SEC on February 13th which highlighted a number of stocks that the firm owns. Although this manager may not be a household name, it’s worth taking a closer look at the fund’s activity considering it has more than $3.4 billion invested in equities.
International Value Advisers’ Latest Form 13F Filing
According to its website, International Value Advisers seeks long-term growth of capital by investing in a range of securities and asset classes. The firm employs a fundamental, bottom-up approach with a preference for investing in quality businesses with securities trading at a meaningful discount to their intrinsic value estimate. Charles de Vaulx serves as the firm’s chief investment officer.
On February 13th, International Value Advisers filed its quarterly Form 13F regulatory filing. I reviewed the filing to gain a glimpse into the firm’s large portfolio.
International Value Advisers’ stock portfolio totals $3.4 billion according to the latest filing. The list value of stock holdings is up only 1.0% when compared to the last quarter. As a benchmark, the S&P 500 was up 6.1% over the same period.
Quarter-over-Quarter Turnover (QoQ Turnover) measures the level of trading activity in a portfolio. International Value Advisers’ QoQ Turnover for the latest quarter was 10.1%, so the firm appears to trade a significant percent of its portfolio each quarter.
International Value Advisers’ 7 Bullish Analyst Targets
Banks and brokerages often release 12 to 18-month price targets for the stocks they cover. Analyst upgrades and downgrades alone can often impact a company’s stock price.
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Benjamin Graham
The table below ranks stocks in International Value Advisers’ portfolio with most bullish analyst targets:
|Ticker||Name||Upside (Analyst Target)||% Of Portfolio|
|UEPS||Net 1 UEPS Technologies||87.9%||2.5%|
|XEC||Cimarex Energy Co||46.2%||4.0%|
|FENG||Phoenix New Media Ltd.||29.2%||0.5%|
|CVS||CVS Caremark Corp||27.2%||2.6%|
|GOOGL||Alphabet Inc. Class ‘A’||20.9%||0.7%|
|UTX||United Technologies Corp||18.3%||2.7%|
Net 1 UEPS Technologies Inc (Nasdaq: UEPS) appears to be the most undervalued stock in the fund based on the average price target from Wall Street analysts.
International Value Advisers’ Low P/E Ratio Stocks
The P/E Ratio indicates the multiple of earnings stock investors are willing to pay for one share of the company. A low P/E can indicate either that a company may currently be undervalued or that the company is doing exceptionally well relative to its past trends. The following table summarizes the firm’s holdings with the lowest P/E multiple.
|Ticker||Name||Holding ($mil)||% Of Portfolio|
|UEPS||Net 1 UEPS Technologies||9.4x||2.5%|
|QVCA||Liberty Interactive Corp||10.2x||3.0%|
|CVS||CVS Caremark Corp||14.1x||2.6%|
|OMC||Omnicom Group Inc.||15.7x||1.2%|
|BAC||Bank of America Corp||17.1x||5.9%|
|AXP||American Express Company||17.5x||2.6%|
The cheapest stock that International Value Advisers owns is, again, Net 1 UEPS Technologies which currently trades at 9.4x earnings.
International Value Advisers Recent Price Pull-Back Stocks
To find stocks in the firm’s portfolio that may be unpopular at the moment, I ranked the firm’s holdings by price pullbacks. The ranking table below lists the stocks in International Value Advisers’ portfolio by stock price performance over the last 30 days.
|Ticker||Name||Price 1-mo Ago||Current Price||% Change 1-mo|
|XEC||Cimarex Energy Co||$127.14||$99.36||-21.8%|
|UEPS||Net 1 UEPS Technologies||$12.22||$9.66||-20.9%|
|FENG||Phoenix New Media Ltd.||$7.04||$5.62||-20.2%|
|BIDU||Baidu Inc. ADR||$253.04||$225.70||-10.8%|
|CVS||CVS Caremark Corp||$78.29||$70.20||-10.3%|
We find Net 1 UEPS Technologies on the list again. The share price of the company has fallen by -20.9% over the last month.
The company provides payment solutions, transaction processing services, and financial technologies to various industries in worldwide. It may be worth taking a closer look at the stock, especially after its recent decline.
Author: Brian Dentino
Expertise: financial technology, analyzing market trends
Brian is a founder at finbox.io, where he’s focused on building tools that make it faster and easier for investors to research stock fundamentals. Brian’s background is in physics & computer science and previously worked as a software engineer at GE Healthcare. He enjoys applying his expertise in technology to help find market trends that impact investors.
Brian can be reached at firstname.lastname@example.org.
As of this writing, Brian did not hold a position in any of the aforementioned securities and this is not a buy or sell recommendation on any security mentioned.