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Weekly Top CEO Buys: Discovery Holding Company, Chesapeake Energy Corp., ValueVision Media Inc, Citizens Communications Company

October 01, 2007 | About:

Federal Reserve could be planning another interest rate cut at the end of October, in order to keep the U.S. Economy afloat. CEOs resumed buying last week: Related companies: Discovery Holding Company (DISCA), Chesapeake Energy Corp. (CHK), ValueVision Media Inc (VVTV), Citizens Communications Company (CZN).

Discovery Holding Company Series A (DISCA): Chairman, CEO John C Malone Bought 76,200 Shares

Chairman, CEO of Discovery Holding Company Series A (DISCA) John C. Malone bought 76,200 shares last Wednesday at $27.71. On 05/16, Malone made two sells: 240,000 shares and 240,000 shares at $22.73. Since his sells, the price of the stock has increased by 26.92% since.

About: Discovery Holding Company, through its wholly owned subsidiary, Ascent Media Group, LLC, provides creative and network services to the media and entertainment industries. Discovery Holding Company Series A has a market cap of $8.11 billion; its shares were traded at around $28.85 with P/E ratio of 348.55 and P/S ratio of 11.24.

One Guru Kept His Position in DISCA Unchanged as of June: Bill Nygren owns 10,809,500 shares, which accounts for 4.26% of the $5.8 billion portfolio of Oak Mark Fund. Bill Nygren also owns 1,740,140 shares which accounts for 0.69% of the $5.8 billion portfolio of Oak Mark Fund.

One Guru Reduced Positions in DISCA: Mason Hawkins owns 27,270,017 shares as of June, a decrease of -1.71% of from the previous quarter. This position accounts for 1.85% of the $33.96 billion portfolio of Southeastern Asset Management.

One Guru Sold Out DISCA: Wallace Weitz sold out his holdings in the last quarter.

Insider Buys: Senior Vice President, David J. A. Flowers, bought 1,356 shares on 05/16 at $22.77; the price of the stock has increased by 26.7% since. Flowers also sold 5,000 shares on 09/14 at $26.12.

Insider Big Sells:1) Last Thursday, President Robert R. Bennett sold 250,000 shares at $28.69. 2) Senior Vice President, Charles Y. Tanabe, sold 92,472 shares of DISCA stock at $28.48. 3) Senior Vice President, Albert E. Rosenthaler, sold 72,698 shares last Wednesday at $27.83, and 13,582 shares at $27.78. 4) Senior Vice President, Christopher W. Shean, sold three sets of 68,845 shares—totaling 206,535 shares—at $27.18 last Tuesday. 5) Senior Vice President, Christopher W. Shean, sold 597 shares on 05/23 at $23.20.

ValueVision Media Inc. (VVTV): CEO and President William J. Lansing Bought 50,000 Shares; Director Marshall S. Geller Bought 15,000 Shares

CEO and President of VVTV, William J. Lansing, bought 50,000 shares last Wednesday at $7.00. Since May, Lansing has purchased a total of 275,000 shares at a price range of $7.00 to $10.48. The 275,000 shares are currently valued over $2.037 million.

About: ValueVision Media, Inc., an integrated direct marketing company, markets, sells, and distributes its products directly to consumers through various forms of electronic media and direct-to-consumer mailings. ValueVision Media Inc. has a market cap of $278.74 million; its shares were traded at around $7.41 with P/E ratio of 10.36 and P/S ratio of 0.35.

CFO Buys: SVP & CFO of VVTV, Frank Elsenbast, bought 1,000 shares of VVTV stock on 08/27/2007 at the average price of $8.08; the price of the stock has decreased by -8.29% since.

Other Insider Buys: 1) Director Marshall S. Geller bought 15,000 shares last Tuesday at $6.84. On 08/29, Geller bought 25,000 shares at $7.75. 2) Director Douglas Holloway bought 1,000 shares on 08/28 at $7.91. 3) Director John D. Buck bought 13,500 shares 08/27 at $8.00. 4) Director James J. Barnett sold 8,000 shares on 07/03 at $11.55.

Chesapeake Energy Corp. (CHK): Chairman & CEO Aubrey K Mcclendon Bought 50,000 Shares

Chairman & CEO of Chesapeake Energy Corp. (CHK), Aubrey K. Mcclendon, bought 25,000 shares of CHK stock last Tuesday at $35.02. Since June, Mcclendon has purchased a total of 451,800 shares of CHK stock at a price range of $32.07 to $36.05.

About: Chesapeake Energy Corporation, an oil and natural gas exploration and production company, engages in the acquisition, exploration, and development of properties for the production of crude oil and natural gas from underground reservoirs. Chesapeake Energy Corp. has a market cap of $17.03 billion; its shares were traded at around $35.26 with P/E ratio of 10.06 and P/S ratio of 2.23.

One Guru Initiated Positions in CHK: Ruane Cunniff bought 299,000 shares in the last quarter, which is 0.08% of the $12.38 billion portfolio of Ruane & Cunniff & Goldfarb Inc.

Three Gurus Increased Positions in CHK as of June: 1) Richard Snow owns 181,458 shares, an increase of 32.05% of from the previous quarter. This position accounts for 0.1% of the $0 million portfolio of Snow Capital Management, L.P. 2) David Winters owns 970,615 shares, an increase of 11.61% of from the previous quarter. This position accounts for 5.91% of the $567 million portfolio of Wintergreen Advisors. 3) Mason Hawkins owns 49,209,659 shares, an increase of 0.72% of from the previous quarter. This position accounts for 5.01% of the $33.96 billion portfolio of Southeastern Asset Management.

Two Gurus Reduced Positions in CHK: 1) John Keeley owns 60,300 shares as of 06/30/2007 , a decrease of -4.89% of from the previous quarter. This position accounts for 0.02% of the $8.41 billion portfolio of Keeley Fund Management. 2) David Dreman owns 162,450 shares as of 06/30/2007 , a decrease of -12.27% of from the previous quarter. This position accounts for 0.03% of the $19.55 billion portfolio of Dreman Value Management.

Long List of Insider Sells: 1) Executive Vice President & CFO, Marcus C. Rowland, sold 29,000 shares on 08/14 at $33.60. 2) Director Breene M. Kerr sold 6,250 shares of CHK stock on 09/25 at $35.02. 3) Sr. VP of Land and Legal, Henry J. Hood, sold 50,000 shares on 09/19 at $35.32. 4) EVP of Operations and COO, Steven C. Dixon, sold a total of 30,000 shares of stock in September at a price range of $33.95 to $35.20. 5) Executive Vice President, J. Mark Lester, sold CHK stocks on three occasions: 6,514 shares on 09/14 at $35.13, 8,903 shares on 08/24 at $32.87, and 5,625 shares on 06/28 at $35.07. 6) Executive Vice President, Douglas J. Jacobson, sold 4,922 shares on 09/14 at $34.98. 7) Director Frank A. Keating sold 1,158 shares 09/13 at $34.79.

Citizens Communications Company Series B (CZN): Chairman & CEO Mary Agnes Wilderotter Bought 15,000 Shares

Chairman and CEO of Citizens Communications Company Series B (CZN), Mary Agnes Wilderotter, bought 15,000 shares last Monday at $13.80. The price of the stock has increased by 3.77% since.

About: Citizens Communications Company provides communication services to rural areas, and small and medium-sized towns and cities as an incumbent local exchange carrier (ILEC). Citizens Communications Company Series B has a market cap of $4.82 billion; its shares were traded at around $14.32 with P/E ratio of 15.53 and P/S ratio of 2.26.

One Guru Reduced Positions in CZN: Tweedy Browne owns 123,398 shares as of 06/30, a decrease of -1.91% of from the previous quarter. This position accounts for 0.05% of the $3.48 billion portfolio of Tweedy Browne CO LLC.

Other Insider Buys: 1) CFO, Donald R. Shassian, bought 5,000 shares on 09/14 at $13.50, the price of the stock has increased by 6.07% since. 2) Director Jeri B. Finard bought 5,500 shares on 09/14 at $13.58; the price of the stock has increased by 5.45% since.

 

  • 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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