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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrostrategy still has a massive runway ahead of it, says Miller Value Partners CIOBill Miller IV, Miller Value Partners chairman and CIO, joins 'Closing Bell' to discuss Miller's thoughts on Microstrategy at these levels and where it could go from here, if cryptocurrencies need use cases right now, and more.
Persons: Bill Miller IV Organizations: Miller Value Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is a shrinking company: Miller Value Partners' Bill Miller IVBill Miller IV, chairman and chief investment officer of Miller Value Partners, joins 'The Exchange' to discuss the bearish case for Apple, locating the fair value price for Apple, and bullish optimism about the future of Bitcoin.
Persons: Bill Miller, Bill Miller IV Organizations: Miller, Partners, Miller Value Partners, Apple Locations: Bitcoin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Miller Value Partners' Bill Miller IVBill Miller IV, chairman and chief investment officer of Miller Value Partners, joins 'The Exchange' to discuss the bearish case for Apple, locating the fair value price for Apple, and bullish optimism about the future of Bitcoin.
Persons: Bill Miller, Bill Miller IV Organizations: Miller Value Partners, Apple Locations: Bitcoin
Bill Miller expects a strong second-half showing from the US stock market. The Miller Value Partners founder sees a rosy economy and defeated bears driving stocks higher. "It's entirely possible that we're going to get back to a 2% inflation rate by the end of this year," Miller said during a recent live call hosted by Miller Value Partners. Miller noted that a robust first-half showing from stocks is usually followed by a similarly strong second half. The veteran fund manager predicted stocks would head higher, as bearish institutional investors swallow their doubts and pile into equities to catch up to their peers.
Persons: Bill Miller, " Miller, Miller, Legg Mason Organizations: Miller Value Partners, OneMain, Service, Federal Reserve, Nasdaq, Legg Mason Value Trust Locations: Wall, Silicon
Bill Miller, the value investor known for once beating the market for 15 years in a row, is also well recognized as an early investor in bitcoin and Amazon . Miller made his name by running the Legg Mason Capital Management Value Trust, which beat the S & P 500 every year from 1991 to 2005. He left Legg Mason to found Miller Value Partners in 2012 after the fund suffered steep losses and an exodus of assets during the financial crisis. Samantha McLemore, Miller's longtime co-manager, will assume management of Miller Opportunity Trust through her firm Patient Capital. His eldest son, Bill Miller IV, will become the lead manager for the Miller Income Fund.
Persons: Bill Miller, Miller, Legg Mason, Jeff Bezos, MacKenzie Scott, bitcoin, who's, Samantha McLemore, Miller's, Bill Miller IV Organizations: Legg Mason Capital Management Value Trust, Miller Value Partners, Amazon, Opportunity Trust, Morningstar, Delta Air Lines, Cruise Line, Big Tech, Miller Opportunity Trust, Capital, Miller Income Fund Locations: bitcoin
Bill Miller IV acquires majority stake in Miller Value Partners
  + stars: | 2023-05-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBill Miller IV acquires majority stake in Miller Value PartnersBill Miller IV, Miller Value Partners chief investment officer, joins 'Closing Bell' to discuss his majority stake acquisition in Miller Value Partners and the direction he plans to take the company.
Persons: Bill Miller IV, Miller Value Partners Bill Miller IV Organizations: Miller Value Partners
Notable investor Bill Miller is getting into the exchange traded fund game, according to securities filings. Miller Value Partners made the initial filings for what appears to be its first ETFs on Wednesday — the Miller Value Partners Appreciation ETF and the Miller Value Partners Leverage ETF. The leveraged ETF is also actively managed, but will include leveraged ETFs and swaps on the S & P 500 in addition to equities and standard ETFs. Miller Value Partners will use an "adaptive, data-driven approach" to determine each day whether the fund should be leveraged or unleveraged, the filing said. While Miller has made his name as a value investor, he has expanded his portfolio to include bets on certain tech stocks like Amazon .
The hedge fund nearly tripled its stake in the video-game retailer and the movie-theater chain. Meanwhile, Bill Miller's fund sold all of its remaining shares in Bed, Bath & Beyond. Dalio's Bridgewater Associates fund boosted its bets on GameStop and AMC Entertainment, while Miller Value Partners exited its Bed Bath & Beyond wager. Similarly, AMC shares surged from about $2 to over $59 during the first six months of 2021. For its part, Bed Bath & Beyond shares soared from under $4 in April 2020, to over $35 by January 2021.
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bill Miller III and Bill Miller IV, both of Miller Value PartnersBill Miller III and Bill Miller IV, both of Miller Value Partners, join 'Closing Bell' to discuss the markets, where they see stocks headed in 2023, bitcoin and the company's succession plan.
Value investor Bill Miller said he's doubling down on Amazon after a brutal year, and growing his short position on Tesla . Miller said he recently bought more Amazon shares. His hedge fund Miller Value Partners held 695,000 shares, worth about $78.5 million, at the end of the third quarter. "I think it's one of the easiest names in the market," Miller said on CNBC's " Closing Bell " on Friday. AWS, Amazon's cloud-based segment, is worth almost the whole price of Amazon, Miller said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm just trying to figure out where there are cheap stocks out there, says Bill Miller IIIBill Miller III and Bill Miller IV, both of Miller Value Partners, join 'Closing Bell' to discuss the markets, where they see stocks headed in 2023 and the company's succession plan.
Hestia, which scored big gains on a bet on GameStop (GME.N), plans to nominate more than five candidates for election to the nine-person board of Pitney Bowes early next year. Marc Lautenbach has been CEO of Pitney Bowes for a decade and Michael Roth, the chair, has served on the board since 1995. A representative for Pitney Bowes was not immediately available for comment. read moreWolf suggested that the Pitney Bowes board consider selling the company's Global Ecommerce segment if its results did not improve, Reuters reported. Hestia believes Pitney Bowes should focus on cash-generating segments such as Presort Services, its mail aggregation business, and SendTech Solutions, its postal-meter business.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets need to get above 4,150 for a true year-end market rally, says Miller Value's SpallanzaniJohn Spallanzani, Miller Value Partners portfolio manager, joins 'Closing Bell: Overtime' to discuss Fed Chair Powell's speech and its impact on stocks.
It is not clear whether Hestia, run by Kurt Wolf, plans to nominate director candidates for election to the company's nine-member board. A Pitney Bowes spokesperson was not immediately available for comment. Pitney Bowes, which is headquartered in Stamford, Connecticut, is valued at $628 million. Wolf believes Pitney Bowes should focus on cash-generating segments like Presort Services, its mail aggregation business, and SendTech Solutions, its postage meter business. Securities filings show that Permit Capital, LLC and Miller Value Partners LP, which were also investors in GameStop alongside Hestia, are also invested in Pitney Bowes.
Value investor Bill Miller kept his top holding unchanged last quarter, betting on an energy name that has jumped nearly 60% this year. Miller first bought the stock in the fourth quarter of 2021. Goldman Sachs recently published a bullish note on Ovintiv, saying the stock could surge 40% in the next 12 months. Another energy name among Miller's biggest holdings is Energy Transfer , which he kept unchanged at $65 million. The stock has fallen about 30% in volatile trading this year amid heightened geopolitical tensions.
But have you ever considered real-estate investing? If you aren't yet a subscriber to Investing Insider, you can sign up here. Our research culminated in a definitive guide to getting into real-estate investing. Among Mittal's funds is the StocksPlus Long Duration Fund, which consistently beats 99% of peers. — Bill Miller, the founder of Miller Value Partners, whose record-setting fund trounced the market for 15 consecutive years
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