Billionaire Ken Fisher’s Monster Q4 Moves

#4 IDACORP Inc (NYSE:IDA)

– Shares Held By Fisher Asset Management (as of December 31): 393,562

– Value of The Holding (as of December 31): $31.70 Million

Fisher Asset Management lowered its stake in IDACORP Inc (NYSE:IDA) by 27% during the fourth quarter. IDACORP Inc (NYSE:IDA) is the holding company of electric utility Idaho Power Company. Although IDACORP’s stock has been range bound this year, it has seen a consistent uptrend in the last five years, rising by almost 90% during that time. The company currently pays a quarterly dividend of $0.55, which based on the last trading price of its stock translates into an annual dividend yield of 2.78%. In October last year, analysts at Williams Capital initiated coverage on IDACORP’s stock with a ‘Hold’ rating and $75 price target, which suggests a potential downside of 5% from the stock’s current trading price.

#3 Helen of Troy Limited (NASDAQ:HELE)

– Shares Held By Fisher Asset Management (as of December 31): 811,068

– Value of The Holding (as of December 31): $68.49 Million

Moving on, Helen of Troy Limited (NASDAQ:HELE) jumped several spots in Fisher Asset Management’s equity portfolio during the fourth quarter owing to the fund increasing its stake in the company by 54%. Helen of Troy Limited (NASDAQ:HELE)’s stock registered bull run in the period between 2013 and 2015. Though it went through a correction during the second-half of 2016, it has recouped most of the losses now and is currently trading up by 13.26% year-to-date. For its most recent quarter, the company managed to beat analysts’ EPS estimate of $1.90 by $0.47, but missed revenue estimate of $447.13 million by $2.75 million.