Electronic Arts Inc. (ERTS): Down 13% Since Ron Baron Bought In the Quarter Ended on 2009-06-30
Ron Baron initiated holdings in Toys company Electronic Arts Inc. during the quarter ended 06/30/2009. He owned 34,000 shares of as of 06/30/2009. Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software and the EA.com business segment: creation, marketing and distribution of entertainment software which can be played or sold online. Electronic Arts Inc. has a market cap of $5.88 billion; its shares were traded at around $18.16 with and P/S ratio of 1.4.EA recently reported its second quarter results. The company announced that its GAAP net revenue for the quarter, which includes the impact of deferred net revenue adjustments, was $788 million as compared with $894 million for the prior year. During the quarter, EA had a net revenue deferral of $359 million related to certain online-enabled packaged goods and digital content as compared with $232 million in the second quarter of the prior year.
Brian Rogers bought 2,225,900 shares in the quarter that ended on 09/30/2009, which is 0.27% of the $15.73 billion portfolio of T Rowe Price Equity Income Fund. Kenneth Fisher owns 13,761,368 shares as of 09/30/2009, which accounts for 0.88% of the $29.78 billion portfolio of Fisher Asset Management, LLC. Ron Baron sold out his holdings in the quarter that ended on 09/30/2009. Lee Ainslie sold out his holdings in the quarter that ended on 06/30/2009. Richard Aster Jr sold out his holdings in the quarter that ended on 06/30/2009.
Sell:: SVP and General Counsel Stephen G Bene sold 9,500 shares of ERTS stock on 11/11/2009 at the average price of 18.21, the price of the stock has decreased by 0.27% since. Many other insiders have also decreased their positions in the company.
Popular Inc. (BPOP): Down 17% Since Andreas Halvorsen Bought In the Quarter Ended on 2009-06-30
Andreas Halvorsen initiated holdings in Banks company Popular Inc. during the quarter ended 06/30/2009. He owned 704,500 shares of as of 06/30/2009. Popular, Inc. is a diversified, publicly owned bank holding company. The company has a market cap of $657.1 million; its shares were traded at around $2.33 with and P/S ratio of 0.2. Popular Inc. had an annual average earning growth of 24.1% over the past 10 years. GuruFocus rated Popular Inc. the business predictability rank of 2-star.Popular Inc. recently reported its results for the third quarter and nine months of 2009. The company reported a net loss of $125.0 million for the quarter ended September 30, 2009, compared with a net loss of $183.2 million for the quarter ended June 30, 2009, and a net loss of $668.5 million for the quarter ended September 30, 2008. For the nine months ended September 30, 2009, the Corporation’s net loss totaled $360.7 million, compared to a net loss of $541.0 million for the same period in 2008.
Andreas Halvorsen bought 704,500 shares in the quarter that ended on 06/30/2009, which is 0.03% of the $5.74 billion portfolio of Viking Global Investors LP. Charles Brandes owns 153,370 shares as of 06/30/2009, a decrease of 45.7% of from the previous quarter. This position accounts for less than 0.01% of the $18.33 billion portfolio of Brandes Investment. Richard Pzena owns 5,683,821 shares as of 06/30/2009, a decrease of 48.74% of from the previous quarter. This position accounts for 0.15% of the $8.5 billion portfolio of Pzena Investment Management LLC.
Sell:: Sr. EVP & CFO Jorge A Junquera sold 150,000 shares of BPOP stock on 08/31/2009 at the average price of 2.16, the price of the stock has increased by 7.87% since
Allegheny Energy Inc. (AYE): Down 14% Since Richard Perry Bought In the Quarter Ended on 2009-06-30
Richard Perry initiated holdings in Electricity company Allegheny Energy Inc. during the quarter ended 06/30/2009. He owned 77,000 shares of as of 06/30/2009. Allegheny Energy, Inc. is a diversified utility holding company. Allegheny Energy Inc. has a market cap of $3.8 billion; its shares were traded at around $22.4 with a P/E ratio of 10.2 and P/S ratio of 1.2. The dividend yield of Allegheny Energy Inc. stocks is 2.6%. Allegheny Energy Inc. had an annual average earning growth of 46% over the past 5 years.Allegheny Energy recently reported its third quarter results. Adjusted net income for the third quarter of 2009 excludes $19.3 million of pre-tax interest expense related to a debt tender offer and net unrealized pre-tax losses of $18.3 million on economic hedges that do not qualify for hedge accounting. Adjusted net income for the third quarter of 2008 excludes $4.0 million of unrealized pre-tax losses on economic hedges.
Andreas Halvorsen bought 2,152,000 shares in the quarter that ended on 06/30/2009, which is 0.96% of the $5.74 billion portfolio of Viking Global Investors LP. George Soros owns 897,500 shares as of 06/30/2009, an increase of 259% from the previous quarter. Arnold Schneider owns 1,209,195 shares as of 06/30/2009, an increase of 75.79% from the previous quarter. David Einhorn owns 4,154,200 shares as of 06/30/2009, which accounts for 3.86% of the $2.76 billion portfolio of Greenlight Capital Inc. John Keeley owns 409,130 shares as of 06/30/2009, which accounts for 0.18% of the $5.82 billion portfolio of Keeley Fund Management.
Sprint Nextel Corp. (S): Down 37% Since Kenneth Fisher Bought In the Quarter Ended on 2009-06-30
Kenneth Fisher added to his holdings in Fixed Line Telecommunications company Sprint Nextel Corp. Series 1 by 23.12% during the quarter ended 06/30/2009. He owned 15,999 shares of as of 06/30/2009. Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international push-to-talk capabilities; and an award-winning and global Tier 1 Internet backbone. Sprint Nextel Corp. Series 1 has a market cap of $8.92 billion; its shares were traded at around $3.1 with and P/S ratio of 0.3.Sprint reported third quarter 2009 financial results that included consolidated net operating revenues of $8.0 billion, a net loss of $478 million and a diluted loss per share of 17 cents. The company generated Free Cash Flow* of $664 million in the quarter and $2.1 billion year-to-date in 2009. As of September 30, 2009, the company had $5.9 billion in cash, cash equivalents and short-term investments and $1.6 billion in borrowing capacity available under its revolving bank credit facility, for total liquidity of $7.5 billion.
Private Capital owns 12,058,881 shares as of 06/30/2009, a decrease of 21.99% of from the previous quarter. This position accounts for 4.02% of the $1.44 billion portfolio of Private Capital Management. George Soros sold out his holdings in the quarter that ended on 06/30/2009.
Buy:: CFO Robert H Brust bought 2,605 shares of S stock on 08/17/2009 at the average price of 3.79, the price of the stock has decreased by 18.21% since. Buy:: CFO Robert H Brust bought 1,900 shares of S stock on 05/21/2009 at the average price of 5.26, the price of the stock has decreased by 41.06% since.
Moody's Corp. (MCO): Down 15% Since Chris Davis Bought In the Quarter Ended on 2009-06-30
Chris Davis added to his holdings in Business Support Services company Moody's Corp. by 11.91% during the quarter ended 06/30/2009. He owned 18,716,215 shares of as of 06/30/2009. Moody's Corporation is the parent company of Moody's Investors Service, a leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, etc. Moody's Corp. has a market cap of $5.57 billion; its shares were traded at around $23.59 with a P/E ratio of 14.4 and P/S ratio of 3.1. The dividend yield of Moody's Corp. stocks is 1.7%.Moody's recently reported its third quarter results. The company announced that its revenue was $451.8 million for the three months ended September 30, 2009, an increase of 4% from $433.4 million for the third quarter of 2008. Operating income for the quarter was $172.5 million, a 9% decline from $189.8 million for the same period last year. Diluted earnings per share of $0.42 for the third quarter of 2009 included a charge of $0.01 related to previously announced restructuring activities. Excluding the restructuring adjustment from both periods and the benefit related to legacy tax matters in the prior-year period, diluted earnings per share of $0.43 for the quarter declined 4% from $0.45 in the prior-year period.
Chris Davis owns 18,716,215 shares as of 06/30/2009, an increase of 11.91% from the previous quarter. This position accounts for 0.95% of the $51.82 billion portfolio of Davis Selected Advisers. Richard Pzena owns 82,241 shares as of 06/30/2009, a decrease of 66.47% of from the previous quarter. This position accounts for 0.03% of the $8.5 billion portfolio of Pzena Investment Management LLC.
Legendary investor Warren Buffett also has stock in this company.
Sell:: 10% Owner Berkshire Hathaway Inc sold 1,152,627 shares of MCO stock on 10/29/2009 at the average price of 24.87, the price of the stock has decreased by 5.15% since. Many other insiders have also decreased their positions in the company.
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