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Weekly CEO Buys Highlight: UXG, LO, CHKE, AWK, RLOG

February 26, 2011 | About:
GuruFocus

hyperman299

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Last week’s top five stocks that were bought by their CEOs were US Gold Corp, Lorillard Inc, Cherokee Inc, American Water Works Company, and Rand Logistics. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

U S GOLD CORP (UXG): Chairman and CEO, 10% Owner Robert Ross Mcewen Bought 3,050,000 Shares

Chairman and CEO, 10% Owner of U S GOLD CORP (UXG) Robert Ross Mcewen bought 3,050,000 shares on 02/24/2011 at an average price of $7.22. U.S. GOLD CORP. is primarily engaged in the precious metal mining business in the continental United States, however, it may also evaluate properties outside the United States. U S Gold Corp has a market cap of $848.6 million; its shares were traded at around $7.22 .

Buy: 10% Owner Ontario Inc. 2190303 bought 3,050,000 shares of UXG stock on 02/24/2011 at the average price of 6.5. Ontario Inc. 2190303 owns at least 28,477,527 shares after this. The price of the stock has increased by 11.08% since.

LORILLARD INC. (LO): Chairman, President and CEO Murray S Kessler Bought 12,500 Shares

Chairman, President and CEO of LORILLARD INC. (LO) Murray S Kessler bought 12,500 shares on 02/18/2011 at an average price of $77.19. LORILLARD is the third largest manufacturer of cigarettes in the United States. Lorillard Inc. has a market cap of $11.55 billion; its shares were traded at around $77.19 with a P/E ratio of 11.4 and P/S ratio of 2. The dividend yield of Lorillard Inc. stocks is 5.8%.

Lorillard Inc recently reported its fourth quarter 2010 results. The company announced that its fourth quarter earnings per diluted share increased 14.5% to $1.74. Annual earnings per diluted share increased by 17.7%.

Joel Greenblatt bought 73,499 shares in the quarter that ended on 12/31/2010, which is 1.97% of the $306 million portfolio of Gotham Capital. Jean-Marie Eveillard owns 1,742,891 shares as of 12/31/2010, which accounts for 0.79% of the $18.08 billion portfolio of First Eagle Investment Management, LLC. James Barrow owns 903,755 shares as of 12/31/2010, which accounts for 0.16% of the $47.35 billion portfolio of Barrow, Hanley, Mewhinney & Strauss.

HOTCHKIS & WILEY owns 683,653 shares as of 09/30/2010, a decrease of 33.92% of from the previous quarter. This position accounts for 0.37% of the $14.81 billion portfolio of Hotchkis & Wliey Capital Management LLC.

Sell: Senior VP, GC and Secretary Ronald S. Milstein sold 4,337 shares of LO stock on 10/29/2010 at the average price of 85.65. Ronald S. Milstein owns at least 14,717 shares after this. The price of the stock has decreased by 9.88% since. Other insiders have also decreased

Cherokee Inc. (CHKE): CEO Henry Stupp Bought 10,000 Shares

CEO of Cherokee Inc. (CHKE) Henry Stupp bought 10,000 shares on 02/17/2011 at an average price of $17. Cherokee Inc. is a marketer and licensor of Cherokee and Sideout brand products, is continuing its negotiations for domestic and international licensing contracts covering multiple categories of merchandise. Cherokee Inc. has a market cap of $151.3 million; its shares were traded at around $17 with a P/E ratio of 14 and P/S ratio of 4.7. The dividend yield of Cherokee Inc. stocks is 9%. Cherokee Inc. had an annual average earning growth of 2% over the past 10 years.

Cherokee recently reported its fourth quarter and fiscal 2010 results. For the fourth-quarter, the company reported a profit of $3.1 million, or $0.35 per share, compared with a profit of $2.4 million, or $0.27 per share it reported for the same period last year. Revenue came in at $7.6 million in the quarter.

Sell: CFO Russell J Riopelle sold 4,160 shares of CHKE stock on 09/29/2010 at the average price of 18.25. Russell J Riopelle owns at least 4,160 shares after this. The price of the stock has decreased by 6.85% since.

AMERICAN WATER WORKS COMPANY INC (AWK): President and CEO Jeffry E Sterba Bought 4,000 Shares

President and CEO of AMERICAN WATER WORKS COMPANY INC (AWK) Jeffry E Sterba bought 4,000 shares on 02/17/2011 at an average price of $27.37. AMER WATER is the largest investor-owned U.S. water and wastewater utility company. American Water Works Company Inc has a market cap of $4.79 billion; its shares were traded at around $27.37 with a P/E ratio of 17.7 and P/S ratio of 1.8. The dividend yield of American Water Works Company Inc stocks is 3.2%.

American Water Works Company recently reported its fourth quarter and full year 2010 results. Net income in the fourth quarter was $40.2 million, or $0.23 per basic and diluted common share, compared with $36.4 million or $0.21 per basic and diluted common share in the fourth quarter of 2009. For the year, the company reported net income of $267.8 million, or $1.53 per basic and diluted common share, compared with a loss of $233.1 million, or $1.39 per basic and diluted common share in 2009. The 2009 results included a goodwill impairment charge. Excluding the goodwill impairment charge, net income for 2009 was $209.9 million, or $1.25 per basic and diluted common share.

Mario Gabelli owns 662,700 shares as of 12/31/2010, an increase of 10.51% from the previous quarter. This position accounts for 0.06% of the $26.72 billion portfolio of GAMCO Investors.

Rand Logistics Inc. (RLOG): CEO Laurence S Levy Bought 15,500 Shares

CEO of Rand Logistics Inc. (RLOG) Laurence S Levy bought 15,500 shares on 02/17/2011 at an average price of $7.58. RAND LOGISTICS, INC. is a provider of bulk freight shipping services throughout the Great Lakes region. Rand Logistics Inc. has a market cap of $102.1 million; its shares were traded at around $7.58 with a P/E ratio of 75.8 and P/S ratio of 0.9.

Buy: President Edward Levy bought 15,500 shares of RLOG stock on 02/17/2011 at the average price of 6.26. Edward Levy owns at least 320,011 shares after this. The price of the stock has increased by 21.09% since. There are mixed trades from other insiders.

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