Latest news with #GAMCO
Business Wire
05-08-2025
- Business
- Business Wire
Paramount Deal Terms Force GAMCO to Receive Cash for its Voting Shares
GREENWICH, Conn.--(BUSINESS WIRE)--As of July 31, 2025, GAMCO Asset Management Inc. ('GAMCO'), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), along with certain other affiliates, collectively owned approximately 12.0% of the outstanding class A voting stock of Paramount Global (NasdaqGS: PARAA) ('Paramount') on behalf of its clients. Given the terms of Paramount's pending combination with Skydance Media, in which current holders of the class A voting stock have no opportunity to continue to hold such voting stock, GAMCO is effectively being forced to receive cash for those shares. On July 31, 2025, GAMCO filed a 13D with the Securities and Exchange Commission disclosing it made a cash election under the terms of the transaction for all class A shares held. GAMCO Investors, Inc., through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC) and is known for its Private Market Value with a Catalyst™ style of investment.
Yahoo
23-07-2025
- Business
- Yahoo
Billionaire Mario Gabelli Loves This Energy Stock in 2025
National Fuel Gas Co (NYSE:NFG) is one of the . Mario Gabelli of GAMCO recently explained why he's bullish on National Fuel Gas Co (NYSE:NFG) during a program on CNBC. 'They have an asset. That asset is fundamental to the United States. They own significant acreage for the last 100 plus years, 100 years, in Pennsylvania, in an area about a 10,000. They own down to the mineral rights to the center of the earth. Secondly you're going to try to help people in Connecticut and Massachusetts by bringing in NAT gas there and then you're going also export some as LNG. So the stock is trading at 90 million shares at 85. They're going to earn close to $7 this year. And so when you take the assets now, one thing that David Bauer, who's running it, is doing, he's going to try to buy other what they call LDC's, local distribution companies. So they have some in Buffalo, they have some in Pennsylvania. I would say if somebody came to him, he's probably signed some NDAs right now to buy some utility companies in the gas utility area in the Pennsylvania ideally area. So there's a lot going on.' Photo by Robin Sommer on Unsplash While we acknowledge the potential of NFG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
Billionaire Mario Gabelli Says He's Bullish on This ‘Extraordinarily' Cheap Stock
Textron Inc (NYSE:TXT) is one of the . Mario Gabelli of GAMCO said in a recent program on CNBC that he likes industrial conglomerate Textron Inc (NYSE:TXT) shares. 'Textron Inc (NYSE:TXT) is important because there's 180 million shares. Scott Donnelly, who runs it, has done a terrific job. And basically, they're going to earn a little over $6 this year on a non-GAAP basis, a little less than that on a GAAP basis. And the stock has Bell Helicopter. They got replacements for the Blackhawk, but they also have Cessna. And there's a backlog for the Longitude and the Latitude. And both of those will give them a tailwind, so to speak. And at $85 with that kind of earnings, that is an extraordinarily cheap stock.' Mario Gabelli of GAMCO Investors Textron shares are up 13% this year. The company makes most o fits revenue from aircraft and helicopter sales, maintenance, military contracts, and industrial products. Analysts expect Textron sales and margins to improve this year amid new defense and aviation programs. About 75% of its revenue comes from commercial clients and 25% from US government contracts. While we acknowledge the potential of TXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Mario Gabelli's Strategic Moves: Significant Reduction in Patterson Companies Inc.
Mario Gabelli (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Mario J. Gabelli is the Chairman and Chief Executive Officer of GAMCO Investors Inc., the firm he founded in 1977. A 1965 summa cum laude graduate of Fordham University's College of Business Administration, he also holds an M.B.A. from Columbia University Graduate School of Business and honorary doctorates from Fordham University and Roger Williams University. Gabelli serves on the Boards of Boston College, Roger Williams University, Columbia University Graduate School of Business, the American-Italian Cancer Foundation, the Foundation for Italian Art & Culture and is a Trustee of the Winston Churchill Foundation of the United States and of the E.L. Wiegand Foundation. He was Morningstar's Portfolio Manager of the Year in 1997. He was named Money Manager of the Year by Institutional Investor for 2011 and is a member of Barron's All Star Century Team. Gabelli's GAMCO Asset Management is credited by the academic community with establishing the Private Market Value with a Catalyst investment philosophy and applying this to the analysis of public equity securities. The fund's investment approach utilizes fundamental, bottom-up research to identify securities selling below their intrinsic value. GAMCO seeks to identify mispriced companies with strong businesses and the presence of a catalyst that will create value. Warning! GuruFocus has detected 2 Warning Sign with MLI. Mario Gabelli (Trades, Portfolio) added a total of 27 stocks, among them: The most significant addition was Intra-Cellular Therapies Inc (ITCI), with 38,100 shares, accounting for 0.06% of the portfolio and a total value of $5,026,150. The second largest addition to the portfolio was Accolade Inc (NASDAQ:ACCD), consisting of 220,000 shares, representing approximately 0.02% of the portfolio, with a total value of $1,535,600. The third largest addition was Dun & Bradstreet Holdings Inc (NYSE:DNB), with 110,000 shares, accounting for 0.01% of the portfolio and a total value of $983,400. Mario Gabelli (Trades, Portfolio) also increased stakes in a total of 249 stocks, among them: The most notable increase was Rogers Corp (NYSE:ROG), with an additional 74,025 shares, bringing the total to 190,150 shares. This adjustment represents a significant 63.75% increase in share count, a 0.05% impact on the current portfolio, with a total value of $12,840,830. The second largest increase was Arthur J. Gallagher & Co (NYSE:AJG), with an additional 10,649 shares, bringing the total to 23,476. This adjustment represents a significant 83.02% increase in share count, with a total value of $8,104,850. Mario Gabelli (Trades, Portfolio) completely exited 45 holdings in the first quarter of 2025, as detailed below: Summit Materials Inc (SUM): Mario Gabelli (Trades, Portfolio) sold all 182,800 shares, resulting in a -0.1% impact on the portfolio. Revelyst Inc (NYSE:GEAR): Mario Gabelli (Trades, Portfolio) liquidated all 512,939 shares, causing a -0.1% impact on the portfolio. Mario Gabelli (Trades, Portfolio) also reduced positions in 392 stocks. The most significant changes include: Reduced Patterson Companies Inc (NASDAQ:PDCO) by 625,707 shares, resulting in an -86.51% decrease in shares and a -0.2% impact on the portfolio. The stock traded at an average price of $31.04 during the quarter and has returned 1.23% over the past 3 months and 1.52% year-to-date. Reduced Sunrise Communications AG (NASDAQ:SNRE) by 363,313 shares, resulting in an -82.1% reduction in shares and a -0.16% impact on the portfolio. The stock traded at an average price of $46.86 during the quarter and has returned 13.60% over the past 3 months and 24.07% year-to-date. At the first quarter of 2025, Mario Gabelli (Trades, Portfolio)'s portfolio included 829 stocks, with top holdings including 2.23% in Mueller Industries Inc (NYSE:MLI), 2.22% in GATX Corp (NYSE:GATX), 1.97% in Crane Co (NYSE:CR), 1.69% in Sony Group Corp (NYSE:SONY), and 1.61% in Herc Holdings Inc (NYSE:HRI). The holdings are mainly concentrated in 11 industries: Industrials, Consumer Cyclical, Communication Services, Financial Services, Technology, Consumer Defensive, Healthcare, Basic Materials, Energy, Utilities, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
Atlanta Braves Holdings, Inc. (BATRK): Among Billionaire Mario Gabelli's Small-Cap Stock Picks with Huge Upside Potential
We recently published a list of Billionaire Mario Gabelli's 10 Small-Cap Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Atlanta Braves Holdings Inc. (NASDAQ:BATRK) stands against other small-cap stock picks with huge upside potential. Mario J. Gabelli founded Gabelli Asset Management Company in 1977. The firm is now called GAMCO Investors and is an American firm headquartered in New York. It specializes in providing investment advice and brokerage services to mutual funds, institutional clients, and select investors. It is majority-owned by Mario Gabelli, who is the Chairman and CEO of it. GAMCO Investors includes two businesses: GAMCO Asset Management, with institutional and separate accounts; and Gabelli Funds. The last reported 13F filing for Q4 2024 included $9.55 billion in managed 13F securities and a top 10 holdings concentration of 16.81%. Gabelli stayed true to the principles of value investing and used a solid base created by Warren Buffett and Ben Graham, while adding some of his elements to the mix. He believes that value investing isn't focused on short-term market movements. He looks for the ignored and unloved companies that nobody covers for whatever reason, with a good business, solid management, and a good price. As January was ending, Gabelli joined 'Squawk Box' on CNBC to discuss a range of topics. He explained how the stock market's performance is tied to company earnings, revenue growth, gross margins, expenses, and taxes, but most importantly to the market multiple, which is influenced by interest rates. These are shaped by debt, deficits, and overall confidence. Gabelli also mentioned that strategic corporate M&A was returning after a freeze caused by regulatory uncertainty and some failed deals. Activist investors are also seeking greater visibility and pushing for changes at companies. He argued against reducing the corporate tax rate below 21% but advocated for a minimum tax on a cash basis. He called for the restoration of 100% bonus depreciation, which would allow businesses, such as farmers, to fully write off new equipment purchases immediately, thereby encouraging investment in technologically advanced machinery. Gabelli mentioned that similar incentives should apply to capital expenditures in sectors like cable and referenced comments from Hans Vestberg. He noted that while corporations currently receive tax deductions for capital expenditures, these are spread over longer periods, and accelerating them would provide more immediate benefits. Gabelli graduated summa cum laude in 1965 from Fordham University's College of Business Administration in 1965 and holds an MBA from Columbia University Graduate School of Business. He has received honorary doctorates from Fordham University and Roger Williams University. He also serves on the Boards of Boston College, Roger Williams University, Columbia University Graduate School of Business, the American-Italian Cancer Foundation, and the Foundation for Italian Art & Culture. He is a Trustee of the Winston Churchill Foundation of the US and the EL Wiegand Foundation. Gabelli was honored as Morningstar's Portfolio Manager of the Year in 1997, named Money Manager of the Year by Institutional Investor in 2011, and is a member of Barron's All-Star Century Team. To compile the list of billionaire Mario Gabelli's 10 small-cap stock picks with huge upside potential, we sifted through the Q4 2024 13F filings of GAMCO Investors from Insider Monkey. From these filings, we checked the upside potential from CNN for the top 50 stock picks that were trading between $1 billion and $10 billion and ranked the stocks in ascending order of this upside potential. We have also added GAMCO Investors' stake in each company and the hedge fund sentiment around each stock. Note: All data was sourced on May 8. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A professional baseball player at bat with the stadium crowd and the setting sun in the background. GAMCO Investors' Stake: $92.26 million Number of Hedge Fund Holders: 37 Market Capitalization as of May 8: $2.52 billion Average Upside Potential as of May 8: 43.34% Atlanta Braves Holdings Inc. (NASDAQ:BATRK) owns and operates the Atlanta Braves Major League Baseball Club in the US. It operates through two segments: Baseball and Mixed-Use Development. The mixed-use development business includes services/products like retail, office, hotel, and entertainment operations, primarily within The Battery Atlanta. This segment generated a revenue of $17.9 million for Atlanta Braves Holdings Inc. (NASDAQ:BATRK) in Q4 2024, which improved by 21% year-over-year. For the full year 2024, Mixed-use development revenue reached $67.3 million, which marked a 14% growth from the $59.0 million in the prior year, due to The Battery Atlanta mixed-use facilities, and includes rental income and parking revenue. Additionally, the acquisition of the adjacent Pennant Park office complex for an undisclosed amount represents a move to further expand this segment. Pennant Park adds 763,465 square feet of office space across 6 buildings on ~34 acres, which includes over 2,700 parking spaces. With an occupancy rate of over 80% and anchored by strong tenants like The Home Depot (fully leasing two buildings), this acquisition is immediately accretive. Overall, BATRK ranks 3rd on our list of billionaire Mario Gabelli's small-cap stock picks with huge upside potential. While we acknowledge the potential of BATRK as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BATRK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
