Arnold Van Den Berg (Trades, Portfolio), the Austin-based founder of Century Management, invests in quality companies with growth prospects and strong reward-to-risk potential, among other characteristics in its analysis.
Century Management's portfolio was worth $710 million at the end of the first quarter, with 61 stocks. Stocks from the Financial Services sector formed the largest section of it at 22.6%, followed by Industrial stocks at 21.7% and Energy stocks at 18.1%.
Van Den Berg has reported purchasing five new stocks in the first quarter: DaVita HealthCare Partners Inc. (DVA), Nexstar Broadcasting Group Inc. (NXST), Cloud Peak Energy Inc. (CLD), U.S. Bancorp (USB) and Chase Corp (CCF).
DaVita HealthCare Partners Inc. (DVA)
Van Den Berg purchased 163,503 shares of DaVita HealthCare Partners Inc. in the first quarter, reflecting 1.87% of the portfolio. The price of the shares averaged $77 in the first quarter.
DaVita HealthCare Partners Inc was incorporated as a Delaware corporation in 1994. Davita Healthcare Partners Inc has a market cap of $17.7 billion; its shares were traded at around $82.01 with a P/E ratio of 24.60 and P/S ratio of 1.40. Davita Healthcare Partners Inc had an annual average earnings growth of 15.10% over the past 10 years. GuruFocus rated Davita Healthcare Partners Inc the business predictability rank of 5-star.
Nexstar Broadcasting Group Inc. (NXST)
Van Den Berg purchased 6,841 shares of Nexstar Broadcasting Group Inc., reflecting 0.96% of the portfolio. The share price averaged $53 in the first quarter.
Nexstar Broadcasting Group Inc. is a Delaware company, founded in 1996. Nexstar Broadcasting Group Inc. has a market cap of $1.81 billion; its shares were traded at around $58.02 with a P/E ratio of 28.6 and P/S ratio of 2.9. The dividend yield of Nexstar Broadcasting Group Inc stocks is 1.1%. Nexstar Broadcasting Group Inc. had an annual average earnings growth of 10.1% over the past 10 years.
Cloud Peak Energy Inc. (CLD)
Van Den Berg purchased 195,715 shares of Cloud Peak Energy, reflecting 0.16% of the portfolio. The share price quarterly average was $7.
Cloud Peak Energy Inc. was incorporated in Delaware in July 2008 in anticipation of an initial public offering. Cloud Peak Energy Inc has a market cap of $364.3 million; its shares were traded at around $5.97 with a P/E ratio of 4.6 and P/S ratio of 0.3.
U.S. Bancorp (USB)
Van Den Berg purchased 24,845 shares of U.S. Bancorp, a 0.15% portfolio weight. The stock share price averaged $44 in the quarter.