Greenlight said that the Affordable Care Act did not impact Cigna, and it saw growth in earnings and multiples.
Keysight’s 2014 net revenue of $2.9 billion rose 2% when compared to 2013, with test equipment contributing 2 percentage points of the increase.
ISS Group’s global revenue amounted to 78.5 billion DKK ($12.21 billion) in 2013. ISS has more than 520,000 employees and operations in over 50 countries.
Greenlight Capital added a new position in Time Warner at an average price of $72.72 per share.
Available in more than 100 markets worldwide, BNY Mellon’s services enable institutions and individuals to manage and service their financial assets.
Wells Fargo is a nationwide, diversified financial services company with $1.6 trillion in assets.
Goldman Sachs Group is a leading global investment banking, securities, and investment management firm.
Horseman Capital sold its position in Comerica (CMA) in 4Q14. The position accounted for 6.83% of the fund’s 3Q14 portfolio.
IAMGOLD is a mid-tier gold mining company that produces almost 1 million ounces of gold annually from five mines on three continents.
Harmony Gold Mining has operations in South Africa and in Papua New Guinea. The company also has a 50% interest in the Morobe Mining Joint Ventures.
Newmont Mining is one of the world’s largest gold producers and is the only gold company included in the S&P 500 Index and Fortune 500.
Alibaba raised more than $25 billion in the initial public offering (or IPO) in September 2014, representing the largest IPO in stock market history.
Morgan Stanley analysts upgraded Lithia Motors to overweight from underweight, following a sell-off resulting in a ~30% drop in Lithia’s share price.
The combined entities of Lithia Motors and DCH Auto Group are expected to generate free cash flow of $135 million in 2015.
In October 2014, Lithia completed its acquisition of DCH Auto Group for an estimated price of $669.5 million.
Lithia’s income from operations in the nine months ending September 30, 2014, was $165.9 million, up from $137.9 million in the previous year.
On a same-store basis, Lithia’s service, body, and parts revenues increased 11.0% YoY to $313.2 million in the nine months ending September 30, 2014.
Lithia’s same-store revenue grew 16.9% year-over-year to $120.4 million in the nine months ending September 30, 2014, driven by increased vehicle sales.
The larger share of CPOs and core vehicles in its sales mix drives Lithia’s significant lead in same-store gross profit per vehicle.
With ~$604 billion of revenue in fiscal 2014, the used vehicle market accounted for more than two-thirds of total automobiles sold in the US.