St. James Investment Company is a company founded in 1999 in St. James as an assets manager for individuals and companies. The company combines discipline, fundamental analysis, and patience with the goal of compounding and preserving capital. The company forwarded its SEC 13F Filings on November 4, 2014, covering the third quarter ending September 30, 2014. According to the filings, the company’s top three holdings are Express Scripts Holding Company (NASDAQ:ESRX), North West Company Inc (TSE:NWC), and Spectra Energy Corp. (NYSE:SE).
The company’s filings showed that Express Scripts Holding Company (NASDAQ:ESRX) was the company’s biggest holding with an investment worth $80.3 million. This is one of the largest pharmacy benefits management organization and a Fortune 100 company. Express Scripts Holding Company (NASDAQ:ESRX) recently laid off 400 of its employees in what it calls “balancing its resources.” A Citigroup analyst recently upgraded the stock, reaffirming Express Scripts Holding Company (NASDAQ:ESRX)’s “buy” rating and giving it a price target of $86 from the previous $84.
North West Company Inc (TSE:NWC) was St. James Investment Company’s second largest holding with investment worth $66.9 million. This is a grocery and merchandise store that operates majorly in rural areas in Canada and a few other countries. North West Company Inc (TSE:NWC) focuses on making it easier for people to get access to goods in hard-to-reach areas. The North West Company also operates in other locations through its subsidiary Cost-U-Less stores.
The filings also indicated that Spectra Energy Corp. (NYSE:SE) emerged the third largest investment of St. James Investment Company with a total value of $62 million. This is a natural gas company serving the industry chain through gathering and processing, transmission and storage, and distribution. The company has reported that its Q3 profits fell by 24%. Spectra Energy Corp. (NYSE:SE) reported a Q3 profit of $201 million, compared to $263 million the previous year. Spectra Energy Corp. (NYSE:SE) operates under several subsidiaries that include Union Gas Limited, Spectra Energy Partners, LP, Westcoast Energy Inc, and several others.
This article has been written by Victor Ochieng.