Last week’s top five stocks that were bought by their CEOs were News Corp, AOL Inc, Pennymac Mortgage, Two Harbors Investment Corp, and TransSwitch Corp. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
News Corp. (NWS, Financial): Chairman and CEO Keith Rupert Murdoch Bought 2,799,900 Shares
Chairman and CEO of News Corp. (NWS) Keith Rupert Murdoch bought 2,799,900 shares on 02/11/2011 at an average price of $18.73. News Corporation's diversified global operations include the production and distribution of motion pictures and television programming; television, satellite and cable broadcasting; the publication of newspapers, magazines, books; the production and distribution of promotional and advertising products and services; the development of digital broadcasting; the development of conditional access and subscriber management systems; and the creation and distribution of popular on-line programming. News Corp. has a market cap of $49.17 billion; its shares were traded at around $18.73 with a P/E ratio of 17.8 and P/S ratio of 1.4. The dividend yield of News Corp. stocks is 0.8%.
NWS recently reported its second quarter total segment operating income(1) of $1.29 billion compared with $712 million of total segment operating income reported a year ago. The prior year’s second quarter results included a $500 million litigation settlement charge at the Company’s integrated marketing services business, which is part of the Publishing segment.
Donald Yacktman owns 80,000 shares as of 12/31/2010, which accounts for 0.02% of the $5.96 billion portfolio of Yacktman Asset Management Co.. Mario Gabelli owns 90,016 shares as of 12/31/2010, which accounts for 0.01% of the $26.72 billion portfolio of GAMCO Investors. Jean-Marie Eveillard owns 920 shares as of 12/31/2010, which accounts for less than 0.01% of the $18.08 billion portfolio of First Eagle Investment Management, LLC.
Sell: Director Thomas J Perkins sold 10,875 shares of NWS stock on 02/08/2011 at the average price of 18.23. Thomas J Perkins owns at least 10,875 shares after this. The price of the stock has increased by 2.74% since.
AOL INC. (AOL, Financial): Chairman and CEO Timothy M Armstrong Bought 477,000 Shares
Chairman and CEO of AOL INC. (AOL) Timothy M Armstrong bought 477,000 shares on 02/11/2011 at an average price of $21.99. AOL Inc. is a global Web services company with an extensive suite of brands and offerings and a substantial worldwide audience. Aol Inc. has a market cap of $2.35 billion; its shares were traded at around $21.99 with a P/E ratio of 8.1 and P/S ratio of 1.
AOL recently reported its fourth quarter 2010 results. "I am very proud of what we accomplished in 2010 as we began the year with a significant restructuring of AOL and ended the year with a significantly improved balance sheet, a number of exciting new products and a new culture focused on winning," said Tim Armstrong, Chairman and CEO. "We have set aggressive goals for ourselves in 2011 in pursuit of capturing the growing opportunity ahead of us."
Joel Greenblatt bought 114,978 shares in the quarter that ended on 12/31/2010, which is 0.89% of the $306 million portfolio of Gotham Capital. Jean-Marie Eveillard owns 815,436 shares as of 12/31/2010, an increase of 16.87% from the previous quarter. This position accounts for 0.11% of the $18.08 billion portfolio of First Eagle Investment Management, LLC.
Buy: Director Fredric G Reynolds bought 12,000 shares of AOL stock on 02/14/2011 at the average price of 22. Fredric G Reynolds owns at least 55,129 shares after this. The price of the stock has decreased by 0.05% since.
PENNYMAC MORTGAGE TRUST (PMT, Financial): Chairman and CEO Stanford L Kurland Bought 50,000 Shares
Chairman and CEO of PENNYMAC MORTGAGE TRUST (PMT) Stanford L Kurland bought 50,000 shares on 02/16/2011 at an average price of $18.17. PennyMac Mortgage Investment Trust is a real estate investment trust. Pennymac Mortgage Trust has a market cap of $305.8 million; its shares were traded at around $18.17 with a P/E ratio of 12.8 and P/S ratio of 7. The dividend yield of Pennymac Mortgage Trust stocks is 9.2%.
John Griffin owns 1,584,000 shares as of 12/31/2010, which accounts for 0.44% of the $6.56 billion portfolio of Blue Ridge Capital.
CEO Recent Trades:
Buy: President and COO David Spector bought 10,000 shares of PMT stock on 02/16/2011 at the average price of 18. David Spector owns at least 71,061 shares after this. The price of the stock has increased by 0.94% since. There are mixed trades from other insiders.
TWO HARBORS INVESTMENT CORP. (TWO, Financial): CEO, President Thomas Siering Bought 30,000 Shares
CEO, President of TWO HARBORS INVESTMENT CORP. (TWO) Thomas Siering bought 30,000 shares on 02/16/2011 at an average price of $10.77. Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Two Harbors Investment Corp. has a market cap of $280.9 million; its shares were traded at around $10.77 with a P/E ratio of 7.7 and P/S ratio of 6. The dividend yield of Two Harbors Investment Corp. stocks is 14.8%.
Two Harbors reported Core Earnings for the quarter ended December 31, 2010 of $9.9 million, or $0.36 per diluted weighted average common share outstanding, as compared to Core Earnings for the quarter ended September 30, 2010 of $9.0 million, or $0.35 per diluted weighted average common share outstanding.
Whitney Tilson owns 700,361 shares as of 12/31/2010, a decrease of 70.08% of from the previous quarter. This position accounts for 1.61% of the $322 million portfolio of T2 Partners Management, LP.
Buy: Vice President, Co-CIO William Roth bought 3,000 shares of TWO stock on 02/17/2011 at the average price of 10.6. William Roth owns at least 45,200 shares after this. The price of the stock has increased by 1.6% since. Other insiders have also increased their positions in the company.
TranSwitch Corp. (TXCC, Financial): CEO Mohammad Ali Khatibzadeh Bought 100,000 Shares
CEO of TranSwitch Corp. (TXCC) Mohammad Ali Khatibzadeh bought 100,000 shares on 02/14/2011 at an average price of $2.45. TranSwitch Corporation designs, develops, markets and supports highly integrated digital and mixed-signal semiconductor solutions for thetelecommunications and data communications markets. Transwitch Corp. has a market cap of $57.3 million; its shares were traded at around $2.45 with and P/S ratio of 1.1.
TXCC recently reported its fourth quarter 2010 results. Net revenues for the fourth quarter of 2010 were approximately $10.1 million, as compared to net revenues of $12.8 million for the third quarter of 2010 and $12.1 million for the fourth quarter of 2009. GAAP net loss for the fourth quarter of 2010 was ($1.8) million, or ($0.08) per basic and diluted common share as compared to a net loss of ($1.8) million, or ($0.08) per basic and diluted common share, during the third quarter of 2010 and a net loss of ($12.7) million, or ($0.64) per basic and diluted common share during the fourth quarter of 2009.
Buy: Director Herbert Chen bought 108,797 shares of TXCC stock on 02/15/2011 at the average price of 2.42. Herbert Chen owns at least 2,341,307 shares after this. The price of the stock has increased by 1.24% since. Other insiders have also increased their positions in the company.
News Corp. (NWS, Financial): Chairman and CEO Keith Rupert Murdoch Bought 2,799,900 Shares
Chairman and CEO of News Corp. (NWS) Keith Rupert Murdoch bought 2,799,900 shares on 02/11/2011 at an average price of $18.73. News Corporation's diversified global operations include the production and distribution of motion pictures and television programming; television, satellite and cable broadcasting; the publication of newspapers, magazines, books; the production and distribution of promotional and advertising products and services; the development of digital broadcasting; the development of conditional access and subscriber management systems; and the creation and distribution of popular on-line programming. News Corp. has a market cap of $49.17 billion; its shares were traded at around $18.73 with a P/E ratio of 17.8 and P/S ratio of 1.4. The dividend yield of News Corp. stocks is 0.8%.
NWS recently reported its second quarter total segment operating income(1) of $1.29 billion compared with $712 million of total segment operating income reported a year ago. The prior year’s second quarter results included a $500 million litigation settlement charge at the Company’s integrated marketing services business, which is part of the Publishing segment.
Donald Yacktman owns 80,000 shares as of 12/31/2010, which accounts for 0.02% of the $5.96 billion portfolio of Yacktman Asset Management Co.. Mario Gabelli owns 90,016 shares as of 12/31/2010, which accounts for 0.01% of the $26.72 billion portfolio of GAMCO Investors. Jean-Marie Eveillard owns 920 shares as of 12/31/2010, which accounts for less than 0.01% of the $18.08 billion portfolio of First Eagle Investment Management, LLC.
Sell: Director Thomas J Perkins sold 10,875 shares of NWS stock on 02/08/2011 at the average price of 18.23. Thomas J Perkins owns at least 10,875 shares after this. The price of the stock has increased by 2.74% since.
AOL INC. (AOL, Financial): Chairman and CEO Timothy M Armstrong Bought 477,000 Shares
Chairman and CEO of AOL INC. (AOL) Timothy M Armstrong bought 477,000 shares on 02/11/2011 at an average price of $21.99. AOL Inc. is a global Web services company with an extensive suite of brands and offerings and a substantial worldwide audience. Aol Inc. has a market cap of $2.35 billion; its shares were traded at around $21.99 with a P/E ratio of 8.1 and P/S ratio of 1.
AOL recently reported its fourth quarter 2010 results. "I am very proud of what we accomplished in 2010 as we began the year with a significant restructuring of AOL and ended the year with a significantly improved balance sheet, a number of exciting new products and a new culture focused on winning," said Tim Armstrong, Chairman and CEO. "We have set aggressive goals for ourselves in 2011 in pursuit of capturing the growing opportunity ahead of us."
Joel Greenblatt bought 114,978 shares in the quarter that ended on 12/31/2010, which is 0.89% of the $306 million portfolio of Gotham Capital. Jean-Marie Eveillard owns 815,436 shares as of 12/31/2010, an increase of 16.87% from the previous quarter. This position accounts for 0.11% of the $18.08 billion portfolio of First Eagle Investment Management, LLC.
Buy: Director Fredric G Reynolds bought 12,000 shares of AOL stock on 02/14/2011 at the average price of 22. Fredric G Reynolds owns at least 55,129 shares after this. The price of the stock has decreased by 0.05% since.
PENNYMAC MORTGAGE TRUST (PMT, Financial): Chairman and CEO Stanford L Kurland Bought 50,000 Shares
Chairman and CEO of PENNYMAC MORTGAGE TRUST (PMT) Stanford L Kurland bought 50,000 shares on 02/16/2011 at an average price of $18.17. PennyMac Mortgage Investment Trust is a real estate investment trust. Pennymac Mortgage Trust has a market cap of $305.8 million; its shares were traded at around $18.17 with a P/E ratio of 12.8 and P/S ratio of 7. The dividend yield of Pennymac Mortgage Trust stocks is 9.2%.
John Griffin owns 1,584,000 shares as of 12/31/2010, which accounts for 0.44% of the $6.56 billion portfolio of Blue Ridge Capital.
CEO Recent Trades:
Buy: President and COO David Spector bought 10,000 shares of PMT stock on 02/16/2011 at the average price of 18. David Spector owns at least 71,061 shares after this. The price of the stock has increased by 0.94% since. There are mixed trades from other insiders.
TWO HARBORS INVESTMENT CORP. (TWO, Financial): CEO, President Thomas Siering Bought 30,000 Shares
CEO, President of TWO HARBORS INVESTMENT CORP. (TWO) Thomas Siering bought 30,000 shares on 02/16/2011 at an average price of $10.77. Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Two Harbors Investment Corp. has a market cap of $280.9 million; its shares were traded at around $10.77 with a P/E ratio of 7.7 and P/S ratio of 6. The dividend yield of Two Harbors Investment Corp. stocks is 14.8%.
Two Harbors reported Core Earnings for the quarter ended December 31, 2010 of $9.9 million, or $0.36 per diluted weighted average common share outstanding, as compared to Core Earnings for the quarter ended September 30, 2010 of $9.0 million, or $0.35 per diluted weighted average common share outstanding.
Whitney Tilson owns 700,361 shares as of 12/31/2010, a decrease of 70.08% of from the previous quarter. This position accounts for 1.61% of the $322 million portfolio of T2 Partners Management, LP.
Buy: Vice President, Co-CIO William Roth bought 3,000 shares of TWO stock on 02/17/2011 at the average price of 10.6. William Roth owns at least 45,200 shares after this. The price of the stock has increased by 1.6% since. Other insiders have also increased their positions in the company.
TranSwitch Corp. (TXCC, Financial): CEO Mohammad Ali Khatibzadeh Bought 100,000 Shares
CEO of TranSwitch Corp. (TXCC) Mohammad Ali Khatibzadeh bought 100,000 shares on 02/14/2011 at an average price of $2.45. TranSwitch Corporation designs, develops, markets and supports highly integrated digital and mixed-signal semiconductor solutions for thetelecommunications and data communications markets. Transwitch Corp. has a market cap of $57.3 million; its shares were traded at around $2.45 with and P/S ratio of 1.1.
TXCC recently reported its fourth quarter 2010 results. Net revenues for the fourth quarter of 2010 were approximately $10.1 million, as compared to net revenues of $12.8 million for the third quarter of 2010 and $12.1 million for the fourth quarter of 2009. GAAP net loss for the fourth quarter of 2010 was ($1.8) million, or ($0.08) per basic and diluted common share as compared to a net loss of ($1.8) million, or ($0.08) per basic and diluted common share, during the third quarter of 2010 and a net loss of ($12.7) million, or ($0.64) per basic and diluted common share during the fourth quarter of 2009.
Buy: Director Herbert Chen bought 108,797 shares of TXCC stock on 02/15/2011 at the average price of 2.42. Herbert Chen owns at least 2,341,307 shares after this. The price of the stock has increased by 1.24% since. Other insiders have also increased their positions in the company.
