GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Weekly Guru Bargains Highlights: CLWR, ACXM, FRO, TLAB, MTG

June 12, 2011 | About:
hyperman299

hyperman299

4 followers
Last week’s top five guru bargain stocks were CLWR, ACXM, FRO, TLAB and MTG. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Clearwire Corp. (CLWR): Down 27% Since Larry Robbins Bought in the Quarter Ended on 3/31/2011

Larry Robbins added to his holdings in Internet company Clearwire Corp. by 35.21% during the quarter ended 03/31/2011. His purchase prices were between $4.78 and $5.91, with an estimated average price of $5.43. Since then the prices of Clearwire Corp. shares have declined by 27% from the estimated average. Larry Robbins owned 9,190,980 shares of as of 03/31/2011.

Clearwire Corp. is a provider of simple, portable and reliable wireless high-speed Internet service. Clearwire Corp. has a market cap of $3.95 billion; its shares were traded at around $3.99 with and P/S ratio of 7.09.

Clearwire recently reported its first quarter 2011 results. First quarter 2011 actual revenue was $242.0 million. Consolidated pro forma revenue for the first quarter 2011 was $258.1 million, a 142% increase over first quarter 2010 actual revenue of $106.7 million.

George Soros bought 270,271 shares in the quarter that ended on 03/31/2011, which is 0.0235% of the $6.42 billion portfolio of Soros Fund Management LLC. Mario Gabelli owns 119,370 shares as of 03/31/2011, a decrease of 47.58% of from the previous quarter. This position accounts for less than 0.01% of the $13.97 billion portfolio of GAMCO Investors.

Sell: CEO William T. Morrow sold 8,126 shares of Clearwire stock on 03/02/2011 at the average price of $4.84. William T. Morrow owns at least 2,323,231 shares after this. The price of the stock has decreased by 17.56% since. Other insiders have also decreased their positions in the company.

Acxiom Corp. (ACXM): Down 30% Since Kenneth Fisher Bought in the Quarter Ended on 3/31/2011

Kenneth Fisher added to his holdings in business support services company Acxiom Corp. by 157.48% during the quarter ended 03/31/2011. His purchase prices were between $13.5 and $18.56, with an estimated average price of $17.13. Since then the prices of Acxiom Corp. shares have declined by 30% from the estimated average. Kenneth Fisher owned 650,200 shares of as of 03/31/2011.

Acxiom Corp. recently reported its fourth quarter and fiscal year 2011 results. Revenue increased by 3.6% in the current quarter ended March 31, 2011 to $298.8 million, compared to $288.3 million for the quarter ended March 31, 2010.

Acxiom Corporation integrates data, services and technology to create and deliver customer and information management solutions for many of the largest, most respected companies in the world. Acxiom Corp. has a market cap of $977.03 million; its shares were traded at around $12.04 with a P/E ratio of 16.27 and P/S ratio of 0.84. Acxiom Corp. had an annual average earnings growth of 12.2% over the past 10 years.

Hotchkis & Wiley bought 414,700 shares in the quarter that ended on 03/31/2011, which is 0.03% of the $17.91 billion portfolio of Hotchkis & Wiley Capital Management LLC. George Soros bought 11,900 shares in the quarter that ended on 03/31/2011, which is 0.0027% of the $6.42 billion portfolio of Soros Fund Management LLC. Richard Aster Jr. sold out his holdings in the quarter that ended on 03/31/2011.

Frontline Ltd. (FRO): Down 39% Since Steven Cohen Bought in the Quarter Ended 3/31/2011

Steven Cohen initiated holdings in Marine Transportation company Frontline Ltd. during the quarter ended 03/31/2011. His purchase prices were between $24.33 and $27.51, with an estimated average price of $25.92. Since then the price of Frontline Ltd. shares has declined by 39% from the estimated average. Steven Cohen owned 277,100 shares of as of 03/31/2011.

Frontline Ltd.'s business strategy is primarily based upon the following principles: emphasizing operational safety and quality maintenance for all of its vessels; complying with all current and proposed environmental regulations; outsourcing technical operations and crewing; achieving low operational costs of vessels; achieving high utilization of its vessels; competitive financing arrangements; and develop relationship to main charterers. Frontline Ltd. has a market cap of $1.23 billion; its shares were traded at around $15.84 with a P/E ratio of 16.33 and P/S ratio of 1.06. The dividend yield of Frontline Ltd. stocks is 2.53%. Frontline Ltd. had an annual average earnings growth of 3.9% over the past 10 years.

Frontline recently reported its first quarter 2011 results. The company announced net income attributable to the company of $15.5 million for the first quarter of 2011, equivalent to earnings per share of $0.20, compared with a net loss attributable to the company of $11.8 million for the fourth quarter of 2010, equivalent to a loss per share of $0.15.

Tellabs Inc. (TLAB): Down 30% Since Chuck Royce Bought In the Quarter Ended on 3/31/2011

Chuck Royce added to his holdings in Telecommunications Equipment company Tellabs Inc. by 305.32% during the quarter ended 03/31/2011. His purchase prices were between $4.92 and $7.25, with an estimated average price of $5.77. Since then the prices of Tellabs Inc. shares have declined by 30% from the estimated average. Chuck Royce owned 5,442,566 shares of as of 03/31/2011.

Tellabs helps the world's communications service providers build tomorrow's converged networks of voice, data and video. Tellabs Inc. has a market cap of $1.47 billion; its shares were traded at around $4.04 with a P/E ratio of 13.47 and P/S ratio of 0.89. The dividend yield of Tellabs Inc. stocks is 1.98%.

Joel Greenblatt owns 214,623 shares as of 03/31/2011, an increase of 49.25% from the previous quarter. This position accounts for 0.34% of the $333 million portfolio of Gotham Capital. Third Avenue Management owns 19,732,920 shares as of 03/31/2011, an increase of 15.95% from the previous quarter. This position accounts for 1.96% of the $5.29 billion portfolio of Third Avenue Management. George Soros sold out his holdings in the quarter that ended on 03/31/2011.

Sell: EVP & CFO Timothy J. Wiggins sold 16,019 shares of TLAB stock on 05/06/2011 at the average price of 4.7. Timothy J. Wiggins owns at least 298,328 shares after this. The price of the stock has decreased by 14.04% since. Other insiders have also decreased their positions in the company.

MGIC Investment Corp. (MTG): Down 34% Since John Keeley Bought in the Quarter Ended on 3/31/2011

John Keeley added to his holdings in Property & Casualty Insurance company MGIC Investment Corp. by 26.14% during the quarter ended 03/31/2011. His purchase prices were between $7.89 and $11.65, with an estimated average price of $9.28. Since then the prices of MGIC Investment Corp. shares have declined by 34% from the estimated average. John Keeley owned 79,810 shares of as of 03/31/2011.

MGIC Investment Corporation is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is the provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. MGIC Investment Corp. has a market cap of $1.22 billion; its shares were traded at around $6.08 with and P/S ratio of 0.8.

MGIC recently reported a net loss for the quarter ended March 31, 2011, of $33.7 million, compared with a net loss of $150.1 million for the same quarter a year ago. Diluted loss per share was $0.17 for the quarter ending 3/31/2011, compared to diluted loss per share of $1.20 for the same quarter a year ago.

John Keeley owns 79,810 shares as of 03/31/2011, an increase of 26.14% from the previous quarter. This position accounts for 0.01% of the $6.54 billion portfolio of Keeley Fund Management. John Griffin owns 9,900,600 shares as of 03/31/2011, which accounts for 1.49% of the $5.92 billion portfolio of Blue Ridge Capital.

Buy: Chairman and CEO Curt S. Culver bought 40,000 shares of MGIC stock on 04/21/2011 at the average price of $7.76. Curt S. Culver owns at least 1,227,032 shares after this. The price of the stock has decreased by 21.65% since. Other insiders have also increased their positions in the company.

Rating: 3.6/5 (9 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
Email Hide