Weekly Top Insider Buys: CVC, WU, CLR, TJX, CVE

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Jan 31, 2011
According to GuruFocus updates, these Guru stocks have reached their 52-Week Highs: Cablevision Systems Corp. (CVC, Financial), The Western Union Company (WU, Financial), Continental Resources (CLR, Financial), TJX Companies Inc. (TJX, Financial), and Cenovus Energy (CVE, Financial).

Cablevision Systems Corp. (CVC) Reached the 52-Week High of $34.05

Cablevision Systems Corp. is one of the nation's entertainment and telecommunications companies. Cablevision Systems Corp. has a market cap of $10.22 billion; its shares were traded at around $34.05 with a P/E ratio of 22 and P/S ratio of 1.3. The dividend yield of Cablevision Systems Corp. stocks is 1.5%. Cablevision Systems Corp. had an annual average earning growth of 6.8% over the past 10 years.

On November 4, Cablevision Systems Corporation reported financial results for the third quarter ended September 30, 2010. Third quarter consolidated net revenues grew 5.6% to $1.808 billion compared to the prior year period, reflecting solid revenue growth in Telecommunications Services and Rainbow, offset slightly by a decline at Newsday. Consolidated adjusted operating cash flow grew 3.6% to $661.7 million and consolidated operating income grew 8.3% to $401.2 million, both compared to the prior year period.

Cablevision Systems Corp. is in the portfolios of Chase Coleman, Steven Cohen, Bruce Koyner, George Soros, Jim Simons, Mario Gabelli, Brian Rogers, Murray Stahl, and Jeremy Grantham.


In August, Sell: Executive Vice President & CFO Michael Huseby, Sell: SVP&Controller&PrinpAcctgOffr Wm Keith Harper, and Sell: Sr. VP & Treasurer Kevin Watson sold shares of CVC stock.



The Western Union Company (WU) Reached the 52-Week High of $19.75



The Western Union Company is a provider of global money-transfer services. Western Union has a market cap of $12.95 billion; its shares were traded at around $19.75 with a P/E ratio of 14.6 and P/S ratio of 2.5. The dividend yield of Western Union stocks is 1.4%. Western Union had an annual average earning growth of 3.2% over the past 5 years.

The Western Union Company is in the portfolios of John Griffin, Steven Cohen, Paul Tudor Jones, Bruce Koyner, Louis mOore Bacon, Todd Combs, Mark Hillman, Bill Nygren, Jeff Auxier, Ron Baron, John Buckingham, David Dreman, Donald Yacktman, Chris Davis, and Chuck Royce.

In November, Sell: EVP, Sr. Admin. Officer David Schlapbach sold 25,444 shares of WU stock.

Continental Resources (CLR) Reached the 52-Week High of $61.18

Continental Resources is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. Continental Resources has a market cap of $10.4 billion; its shares were traded at around $61.18 with a P/E ratio of 37.7 and P/S ratio of 16.6.

On November 3, Continental reported net income of $39.1 million, or $0.23 per diluted share, for the third quarter of 2010. Net income included a pre-tax property impairment charge of $14.7 million and a $24.2 million loss on mark-to-market derivative instruments. The loss on derivative instruments was comprised of a $36.6 million unrealized loss, offset partially by a $12.4 million realized gain. The third quarter 2010 impairment charge and $36.6 million unrealized loss together reduced net income per share by $0.19.

Continental Resources is in the portfolios of Steven Cohen, Richard Aster Jr, John Keeley, and Jeremy Grantham.

In August, Buy: CEO & Chairman, 10% Owner Harold Hamm and Buy: Sr. Vice President, Operations Richard E Muncrief bought shares of CLR stock. Sell: Sr. VP & CFO John D Hart, Buy: Sr. Vice President, Operations Richard E Muncrief, Sell: Sr. V.P. Exploration Jack H Stark, and Sell: Director Mark E Monroe sold shares in December. In November, Sell: Director Robert J Grant and Sell: Director H R Jr Sanders sold shares.



TJX Companies Inc. (TJX) Reached the 52-Week High of $47.71

TJX Companies, Inc. is an off-price retailer of apparel and home fashions in the U. TJX Companies Inc. has a market cap of $18.88 billion; its shares were traded at around $47.71 with a P/E ratio of 14 and P/S ratio of 0.9. The dividend yield of TJX Companies Inc. stocks is 1.3%. TJX Companies Inc. had an annual average earning growth of 11.5% over the past 10 years. GuruFocus rated TJX Companies Inc. the business predictability rank of 4.5-star.

On January 6, the TJX Companies, Inc. reported December 2010 sales results. Sales for the five-week period ended January 1, 2011, were $3.0 billion, up 6% over the $2.9 billion achieved during the five-week period ended January 2, 2010. For the 48 weeks ended January 1, 2011, sales reached $20.6 billion, up 8% over the $19.0 billion achieved during the 48-week period last year. Consolidated comparable store sales for the five-week period ended January 1, 2011 increased 2% compared to last year. For the 48-week, year-to-date period, consolidated comparable store sales increased 4% compared to last year.

TJX Companies Inc. is in the portfolios of Jim Simons, Steven Cohen, George Soros, Ruane Cunniff, Chuck Acre, David Williams, John Hussman, PRIMECAP Management, Robert Olstein, Jean-Marie Eveillard, Jeremy Grantham, and Donald Yacktman.

In October, Sell: President and CEO - TJX Carol Meyrowitz, Sell: SEVP, Group President Ernie Herrman, and Sell: SEVP, CFO Jeffrey G Naylor sold shares of TJX stock and Buy: Director Michael F Hines bought 3,200 shares. Sell: Director Willow B Shire sold 8,000 shares last week.



Cenovus Energy (CVE) Reached the 52-Week High of $33.35

Cenovus Energy is an integrated oil company headquartered in Calgary, Alberta. Cenovus Energy has a market cap of $25.08 billion; its shares were traded at around $33.35 with a P/E ratio of 29.3 and P/S ratio of 2.4. The dividend yield of Cenovus Energy stocks is 2.5%.

On October 28, Cenovus Energy Inc. reported strong production growth from its oil sands assets with a 25% increase at Foster Creek and Christina Lake in the third quarter of 2010 compared with the same period last year. Expansions helped boost net oil production from the two facilities to 58,000 bbls/d from 47,000 bbls/d in the third quarter of 2009. Foster Creek achieved a new daily record for gross production of 119,000 bbls/d in the third quarter, approaching the design capacity of the facility.

Cenovus Energy is in the portfolios of Kenneth Fishher, Tom Russo, Jim Simons, Bruce koyner, Steven Cohen, Bill Nygren, Murray Stahl, Jean-Marie Eveillard, Martin Whitman, PRIMECAP Management, and Jeremy Grantham.