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Weekly CEO Buys Highlight: CTAS, HLX, GGP, CNL, CELG

August 14, 2011 | About:
hyperman299

hyperman299

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Last week’s top five stocks that were bought by their CEOs were CTAS, HLX, GGP, CNL, and CELG. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Cintas Corp. (CTAS): CEO, 10% Owner Scott D Farmer Bought 650,000 Shares

CEO, 10% Owner of Cintas Corp. (CTAS) Scott D Farmer bought 650,000 shares on 08/11/2011 at an average price of $29.28. Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. Cintas Corp. has a market cap of $3.81 billion; its shares were traded at around $29.28 with a P/E ratio of 17.2 and P/S ratio of 1. The dividend yield of Cintas Corp. stocks is 1.7%. Cintas Corp. had an annual average earnings growth of 2.4% over the past 10 years.

CTAS recently reported results for its fourth quarter ended May 31, 2011. Revenue was $1,012.1 million, representing an 11.3% increase compared to last year’s fourth quarter. Organic growth, which adjusts for the impact of acquisitions, was 8.0%. Net income increased 27.6% to $70.8 million as compared to $55.5 million in last year’s fourth quarter. Earnings per diluted share for the fourth quarter were $0.49, a 36.1% increase over the $0.36 earnings per diluted share reported in last year’s fourth quarter. Last year’s fourth quarter results included a restructuring item which increased net income by $1.9 million and earnings per diluted share by $0.01.

Richard Aster Jr owns 455,000 shares as of 06/30/2011, an increase of 45% from the previous quarter. This position accounts for 0.4415% of the $3.4 billion portfolio of Meridian Fund. Jean-Marie Eveillard owns 15,719,296 shares as of 03/31/2011, which accounts for 2.39% of the $19.9 billion portfolio of First Eagle Investment Management, LLC. Arnold Van Den Berg owns 281,576 shares as of 06/30/2011, which accounts for 0.8794% of the $1.06 billion portfolio of Century Management. Tweedy Browne owns 502,947 shares as of 06/30/2011, which accounts for 0.548% of the $3.03 billion portfolio of Tweedy Browne CO LLC. Robert Olstein owns 154,000 shares as of 06/30/2011, a decrease of 44% of from the previous quarter. This position accounts for 0.8973% of the $567 million portfolio of Olstein Financial Alert Fund. George Soros sold out his holdings in the quarter that ended on 03/31/2011.

10% Owner Hill Partners, Lllp Summer bought 650,000 shares of CTAS stock on 08/11/2011 at the average price of 27.46. Hill Partners, Lllp Summer owns at least 17,386,387 shares after this. The price of the stock has increased by 6.63% since.

Helix Energy Solutions Group (HLX): PRESIDENT & CEO Owen E Kratz Bought 69,465 Shares

PRESIDENT & CEO of Helix Energy Solutions Group (HLX) Owen E Kratz bought 69,465 shares during the past week at an average price of $16.15. Helix Energy Solutions Group Inc., is a marine contractor and operator of offshore oil and gas properties and production facilities. Helix Energy Solutions Group has a market cap of $1.6 billion; its shares were traded at around $16.15 with a P/E ratio of 16 and P/S ratio of 1.4.

HLX recently reported net income of $41.3 million, or $0.39 per diluted share, for the second quarter of 2011 compared with a net loss of $85.6 million, or $(0.82) per diluted share, for the same period in 2010, and net income of $25.9 million, or $0.24 per diluted share, in the first quarter of 2011. The net income for the six months ended June 30, 2011 was $67.2 million, or $0.63 per diluted share, compared with a net loss of $103.4 million, or $(1.00) per diluted share, for the six months ended June 30, 2010.

Joel Greenblatt owns 115,698 shares as of 06/30/2011, an increase of 121.58% from the previous quarter. This position accounts for 0.2678% of the $715 million portfolio of Gotham Capital. Ronald Muhlenkamp owns 878,955 shares as of 03/31/2011, which accounts for 2.2% of the $688 million portfolio of Muhlenkamp Fund. Whitney Tilson sold out his holdings in the quarter that ended on 03/31/2011.

Executive Vice President & CFO Anthony Tripodo sold 10,000 shares of HLX stock on 03/28/2011 at the average price of 16.8. Anthony Tripodo owns at least 225,926 shares after this. The price of the stock has decreased by 3.87% since. Other insiders have also decreased their positions in the company.

General Growth Properties Inc. (GGP): CEO Sandeep Mathrani Bought 60,615 Shares

CEO of General Growth Properties Inc. (GGP) Sandeep Mathrani bought 60,615 shares on 08/05/2011 at an average price of $14.32. General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. General Growth Properties Inc. has a market cap of $13.56 billion; its shares were traded at around $14.32 with a P/E ratio of 12.5 and P/S ratio of 4.8. The dividend yield of General Growth Properties Inc. stocks is 2.8%. General Growth Properties Inc. had an annual average earnings growth of 4.3% over the past 10 years.

GGP recently reported its second quarter 2011 results. Net loss attributable to common stockholders for the second quarter of 2011 was $203.0 million, or $0.22 per diluted share, compared to a net loss of $117.5 million, or $0.37 per diluted share, for the second quarter of 2010. Contributing to this change was a $58.9 million charge recorded in the second quarter of 2011 related to the finalization of default interest on certain restructured loans.

Bill Ackman owns 71,802,853 shares as of 03/31/2011, which accounts for 19.44% of the $5.72 billion portfolio of Pershing Square Capital Management, L.P.. Third Avenue Management owns 18,704 shares as of 03/31/2011, which accounts for 0.01% of the $5.29 billion portfolio of Third Avenue Management. Whitney Tilson owns 610,404 shares as of 03/31/2011, a decrease of 21.49% of from the previous quarter. This position accounts for 2.37% of the $399 million portfolio of T2 Partners Management, LP. George Soros owns 29,248 shares as of 03/31/2011, a decrease of 31.34% of from the previous quarter. This position accounts for 0.0071% of the $6.42 billion portfolio of Soros Fund Management LLC. Ken Heebner sold out his holdings in the quarter that ended on 06/30/2011. John Griffin sold out his holdings in the quarter that ended on 03/31/2011. Bruce Berkowitz sold out his holdings in the quarter that ended on 03/31/2011.

COO Shobi Khan bought 20,000 shares of GGP stock on 08/05/2011 at the average price of 14.25. Shobi Khan owns at least 20,000 shares after this. The price of the stock has increased by 0.49% since.

Cleco Corp. (CNL): President & CEO Bruce A Williamson Bought 22,000 Shares

President & CEO of Cleco Corp. (CNL) Bruce A Williamson bought 22,000 shares on 08/09/2011 at an average price of $33.46. Cleco Corp. is an energy services company based in central Louisiana. Cleco Corp. has a market cap of $2.03 billion; its shares were traded at around $33.46 with a P/E ratio of 15.3 and P/S ratio of 1.8. The dividend yield of Cleco Corp. stocks is 3.3%. Cleco Corp. had an annual average earnings growth of 9.7% over the past 5 years.

Cleco recently announced results for the second quarter of 2011. "With a full six months of new retail rates during 2011, we delivered strong regulated earnings, and as a result, we increased our customer refund accrual by more than $5 million. We are pleased to share this success with our customers, and we are raising our 2011 earnings guidance from a range of $2.25 per share to $2.35 per share to a range of $2.30 per share to $2.40 per share," said Bruce Williamson, president and CEO of Cleco Corp.

John Keeley owns 76,650 shares as of 03/31/2011, which accounts for 0.04% of the $6.54 billion portfolio of Keeley Fund Management. Kenneth Fisher owns 553,631 shares as of 06/30/2011, which accounts for 0.0505% of the $38.22 billion portfolio of Fisher Asset Management, LLC.

Sr Vice President & CFO Darren J Olagues sold 6,594 shares of CNL stock on 05/13/2011 at the average price of 35.42. Darren J Olagues owns at least 33,446 shares after this. The price of the stock has decreased by 5.53% since.

Director Robert T Sr Ratcliff bought 7,850 shares of CNL stock on 08/09/2011 at the average price of 30.7. Robert T Sr Ratcliff owns at least 33,852 shares after this. The price of the stock has increased by 8.99% since. There are mixed trades from other insiders.

Celgene Corp. (CELG): CEO Robert J Hugin Bought 10,000 Shares

CEO of Celgene Corp. (CELG) Robert J Hugin bought 10,000 shares on 08/08/2011 at an average price of $53.65. Celgene Corp. is an independent biopharmaceutical company engaged primarily in the discovery, development and commercialization of orally administered, small molecule drugs for the treatment of cancer and immunological diseases. Celgene Corp. has a market cap of $24.83 billion; its shares were traded at around $53.65 with a P/E ratio of 19.2 and P/S ratio of 6.8.

CELG recently announced non-GAAP net income of $417 million, or non-GAAP diluted earnings per share of $0.89, for the quarter ended June 30, 2011. Non-GAAP net income for the second quarter of 2010 was $323 million, or non-GAAP diluted earnings per share of $0.69. Based on U.S. GAAP, Celgene reported net income attributable to Celgene of $279 million, or GAAP diluted earnings per share of $0.59, for the quarter ended June 30, 2011. GAAP net income for the second quarter of 2010 was $155 million, or GAAP diluted earnings per share of $0.33.

John Hussman bought 300,000 shares in the quarter that ended on 06/30/2011, which is 0.2918% of the $6.2 billion portfolio of Hussman Economtrics Advisors. Kenneth Fisher owns 280,715 shares as of 06/30/2011, an increase of 22.27% from the previous quarter. This position accounts for 0.0443% of the $38.22 billion portfolio of Fisher Asset Management, LLC. Mario Gabelli owns 8,900 shares as of 06/30/2011, which accounts for 0.0039% of the $13.9 billion portfolio of GAMCO Investors. George Soros sold out his holdings in the quarter that ended on 03/31/2011.

CFO Jacqualyn A Fouse bought 1,000 shares of CELG stock on 08/09/2011 at the average price of 54.13. Jacqualyn A Fouse owns at least 7,085 shares after this. The price of the stock has decreased by 0.89% since. Other insiders have also increased their positions in the company.

  • 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.

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