Free 7-day Trial
All Articles and Columns »

Weekly Highlight of Top Insider Buys: KMX, OI, JEF, HHC, CEDC

gururk

gururk

7 followers
Weekly highlight of top insider buys: CarMax Inc. (KMX), Owens Illinois Inc. (OI), Jefferies Group Inc. (JEF), The Howard Hughes Corp. (HHC), and Central European Distribution Corp. (CEDC).

Director of CarMax Inc., Mitchell D. Steenrod, bought 1,250 shares on 4/15/2011 at an average price of $33.2.

CarMax Group is a subsidiary of Circuit City Stores Inc. CarMax Inc. has a market cap of $7.49 billion; its shares were traded at around $33.2 with a P/E ratio of 20.1 and P/S ratio of 0.8. CarMax Inc. had an annual average earnings growth of 18.7% over the past five years.

On March 31, CarMax Inc. reported record results for the fourth quarter and fiscal year ended February 28, 2011. Net sales and operating revenues increased 23% to $2.25 billion from $1.83 billion in the fourth quarter of last year. For the fiscal year, net sales and operating revenues increased 20% to $8.98 billion from $7.47 billion in fiscal 2010. Comparable store used unit sales increased 12% for the fourth quarter and 10% for the fiscal year. Total used unit sales rose 14% in the fourth quarter and 11% in the fiscal year. For the fourth quarter, net earnings increased 19% to $89.5 million, or $0.39 per diluted share, in fiscal 2011 compared with $75.4 million, or $0.33 per diluted share, in fiscal 2010.

CarMax Inc. is in the portfolios of George Soros, Chuck Akre, Tom Gayner, on Baron, PRIMECAP Management, Chris Davis, Dodge & Cox, and Richard Aster Jr.

Last week, Buy: Director Mitchell D. Steenrod bought 1,250 shares of CarMax stock. Sell: Director Jeffrey E. Garten and Sell: Director W. Robert Grafton sold shares this month.

Owens Illinois Inc. (OI): Director Helge H. Wehmeier Bought 1,450 Shares

Director of Owens Illinois Inc., Helge H Wehmeier, bought 1,450 shares on 4/12/2011 at an average price of $30.

Owens-Illinois, Inc. is one of the largest manufacturers of glass containers in North America, South America, Australia, New Zealand and China, and one of the largest in Europe. Owens Illinois Inc. has a market cap of $4.91 billion; its shares were traded at around $30 with a P/E ratio of 10.8 and P/S ratio of 0.7.

On January 26, Owens-Illinois Inc. reported financial results for the full year and fourth quarter ending December 31, 2010. O-I reported full-year 2010 earnings from continuing operations attributable to the company of $1.55 per share (diluted), compared to $0.65 per share (diluted) in 2009. Adjusted net earnings (non-GAAP) were $2.60 per share, compared to $2.61 per share in 2009. O-I reported a fourth-quarter 2010 loss from continuing operations attributable to the company of $0.51 per share, compared to a $1.01 per share loss in the prior year.

Owens Illinois Inc. is in the portfolios of George Soros, David Dreman, and Mario Gabelli.

Last week, Buy: Director David H. Y. Ho and Buy: Director Helge H. Wehmeier bought shares of Owens Illinois stock. Sell: Board Chair & CEO Albert P. L. Stroucken, Sell: Sr. VP - CFO Edward C. White, Sell: Sr. VP & General Counsel James W. Baehren, and Sell: Sr VP-Pres Global Glass Ops L. Richard Crawford sold shares in March.

Jefferies Group Inc. (JEF): Director Joseph S. Steinberg Bought 5,154,639 Shares

Director of Jefferies Group Inc., Joseph S. Steinberg, bought 5,154,639 shares on 4/08/2011 at an average price of $23.96.

Jefferies Group Inc. is a holding company whose affiliated companies, including its principal operating subsidiary, Jefferies & Company Inc. Jefferies Group Inc. has a market cap of $4.26 billion; its shares were traded at around $23.96 with a P/E ratio of 15.6 and P/S ratio of 1.6. The dividend yield of Jefferies Group Inc. stocks is 1.2%.

On March 22, Jefferies Group Inc. announced financial results for its fiscal first quarter ended February 28, 2011. Net revenues were $758 million, up 31% versus $580 million. Income to common shareholders were $87 million, up 21% versus $72 million. Net earnings per common share were $0.42, up 20% versus $0.35.

Jefferies Group Inc. is in the portfolios of Ian Cumming, Tweedy Browne, Ron Baron, and John Keeley.

This month, Buy: Director Joseph S. Steinberg, Buy: 10% Owner National Corp Leucadia, and Buy: Director Ian M. Cumming bought shares of Jefferies Group stock. Sell: CFO Peregrine C. Broadbent sold 9,645 shares in February.

The Howard Hughes Corp. (HHC): Director R. Scot Sellers Bought 5,000 Shares

Director of The Howard Hughes Corp., R. Scot Sellers, bought 5,000 shares on 4/12/2011 at an average price of $62.79.

Howard Hughes Corporation operates as a real estate company engaged in the development of master-planned communities and other strategic real estate development opportunities across the United States. The Howard Hughes Corp. has a market cap of $2.37 billion; its shares were traded at around $62.79.

On April 07, The Howard Hughes Corp. announced its results for the fourth quarter and full year 2010. Net loss attributable to common stockholders was $4.6 million, or $0.12 per share, for the fourth quarter 2010 compared with $535.9 million, or $14.21 per share, for the quarter ended Dec. 31, 2009. Net loss attributable to common stockholders was $69.4 million, or $1.84 per share, for the year ended December 31, 2010, compared with $703.6 million, or $18.66 per share, for the year ended Dec. 31, 2009. The Howard Hughes Corp. recorded $503.4 million of non-cash impairment charges for the year ended Dec. 31, 2010 compared to $680.3 million for the year ended Dec. 31, 2009.

The Howard Hughes Corp. is in the portfolios of Bill Ackman, Whitney Tilson, John Griffin, John Paulson, and John Keeley.

This month, Buy: Director Allen J. Model and Buy: Director R. Scot Sellers bought shares of Howard Hughes Corp. stock.

Central European Distribution Corp. (CEDC): Director Marek Eugene Forysiak Bought 10,000 shares.

Director of Central European Distribution Corp., Marek Eugene Forysiak, bought 10,000 shares on 4/12/2011 at an average price of $10.48.

Central European Distribution Corp. is a importer and distributor of alcoholic beverages in Poland. Central European Distribution Corp. has a market cap of $727.9 million; its shares were traded at around $10.48 with a P/E ratio of 7.2 and P/S ratio of 1.1.

On January 3, Central European Distribution announced a net loss from continuing operations on a U.S. GAAP basis for the year of $92.9 million or $1.32 per fully diluted share, as compared to net profit of $72.7 million or $1.35 per fully diluted share, for the same period in 2009. On a comparable basis, Central European Distribution announced net income from continuing operations of $38.7 million, or $0.55 per fully diluted share, for the full year 2010, as compared to $118.9 million, or $2.20 per fully diluted share, for the same period in 2009. The number of fully diluted shares used in computing the full year earnings per share was 70.3 million for 2010 and 54.0 million for 2009.

Central European Distribution Corp. is in the portfolio of David Dreman.

Last week, Buy: Director Marek Eugene Forysiak bought 10,000 shares of CEDC stock. Buy: Director William S. Shanahan and Buy: Director Markus Sieger bought shares in March.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.
  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership


Rating: 4.0/5 (3 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide