|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Weekly CEO Buys Highlight: MCP
Posted by: GuruFocus (IP Logged)
Date: February 4, 2013 03:45PM
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:
Molycorp Inc. (MCP): President and CEO Constantine Karayannopoulos Bought 16,667 Shares
President and CEO of Molycorp Inc. (MCP) Constantine Karayannopoulos bought 16,667 shares on 01/30/2013 at an average price of $7.43. Molycorp Inc. was formed on March 4, 2010, as a new Delaware corporation. Molycorp Inc. has a market cap of $1.03 billion; its shares were traded at around $7.43 with a P/E ratio of 20.3 and P/S ratio of 1.3751.
John Burbank bought 45,143 shares in the quarter that ended on 09/30/2012, which is 0.024% of the $2.19 billion portfolio of Passport Capital. George Soros bought 80,000 shares in the quarter that ended on 09/30/2012, which is 0.015% of the $6.2 billion portfolio of Soros Fund Management LLC.
Molycorp recently announced its third quarter 2012 financial results. The company reported consolidated net revenue of $205.6 million in the third quarter of 2012, a 49% year-over-year increase and a 97% increase over the previous quarter.
Chris Davis owns 274,950 shares as of 09/30/2012, an increase of 12.49% from the previous quarter. This position accounts for 0.0075% of the $41.99 billion portfolio of Davis Selected Advisers. Mario Gabelli owns 124,832 shares as of 09/30/2012, which accounts for 0.01% of the $13.78 billion portfolio of GAMCO Investors. David Williams owns 350,000 shares as of 12/31/2011, which accounts for 0.19% of the $4.48 billion portfolio of Columbia Value and Restructuring Fund.
Executive Vice President and CFO Michael F. Doolan bought 25,000 shares of MCP stock on 08/22/2012 at the average price of $10. Michael F. Doolan owns at least 25,000 shares after this. The price of the stock has decreased by 25.7% since. Other insiders have also decreased their positions in the company.
For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.
Guru Discussed: Chris Davis: Current Portfolio, Stock Picks
David Williams: Current Portfolio, Stock Picks
Stocks Discussed: MCP,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.