Weekly CFO Sells Highlight: MHR, DISCA, BCR, STAA, PEGA, IDXX

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Aug 22, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Magnum Hunter Resources Corp., Discovery Communications Inc. Series A, C.R. Bard Inc., STAAR Surgical Company, Pegasystems Inc., and IDEXX Laboratories Inc.


Magnum Hunter Resources Corp (MHR, Financial): Executive Vice President and CFO Ronald D. Ormand Sold 200,000 Shares


Executive Vice President and CFO of Magnum Hunter Resources Corp (MHR) Ronald D. Ormand sold 200,000 shares on 08/11/2011 at an average price of $4.48. Magnum Hunter Resources Corporation, formerly Petro Resources Corporation, is an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects within the United States. Magnum Hunter Resources Corp has a market cap of $596.22 million; its shares were traded at around $4.28 with and P/S ratio of 18.37.


For its second quarter 2011 ended June 30, Magnum Hunter Resources Corp reported a 298% increase in total revenues year-over-year; from $8.4 million prior year quarter to $33.4 million Q2. However, net loss for the company was $18.5 million ($0.16 diluted), compared to a net loss of $6 million ($0.10) last year. During this quarter, Magnum Hunter Resources Corp. spent $575 million in the acquisition of Nuloch and NGA, which was the primary reason for the increase in revenues.


Ronald D. Ormand owns at least 2,110,100 shares after this. The price of the stock has decreased by 4.46% since.


Discovery Communications Inc. Series A (DISCA, Financial): SEVP & CFO Bradley E Singer Sold 85,000 Shares


Senior Executive Vice President & CFO of Discovery Communications Inc. Series A (DISCA) Bradley E. Singer sold 85,000 shares on 08/11/2011 at an average price of $38. Discovery Communications, formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group, LLC and Ascent Media CANS, LLC. Discovery Communications Inc. Series A has a market cap of $11.1 billion; its shares were traded at around $36.32 with a P/E ratio of 19.13 and P/S ratio of 2.94. Discovery Communications Inc. Series A had an annual average earnings growth of 115.7% over the past 5 years.


For its second quarter 2011, Discovery Communications Inc. Series A reported a revenue increase of 11% to $1,067 million compared to $963 million prior year quarter. Net income for the company was $254 million ($0.62 diluted), compared to $106 million ($0.25 diluted) last year. The company also repurchased 5.64 million shares of its own stock for approximately $210 million as part of its $1.0 billion repurchasing plan.


Senior Executive Vice President & CFO Bradley E. Singer sold 85,000 shares of DISCA stock on 08/11/2011 at the average price of $38. Bradley E. Singer owns at least 15,300 shares after this. The price of the stock has decreased by 4.42% since.


C.R. Bard Inc. (BCR, Financial): Senior Vice President and CFO Todd C. Schermerhorn Sold 52,720 Shares


Senior Vice President and CFO of C.R. Bard Inc. (BCR) Todd C. Schermerhorn sold 52,720 shares on 08/15/2011 at an average price of $92.51. C.R. Bard Inc. is one of the worldwide leaders in developing, manufacturing, and supplying healthcare products that focus on vascular, urology and oncology disease states. C.R. Bard Inc. has a market cap of $7.86 billion; its shares were traded at around $87.47 with a P/E ratio of 15.16 and P/S ratio of 2.89. The dividend yield of C.R. Bard Inc. stocks is 0.83%. C.R. Bard had an annual average earnings growth of 15.6% over the past 10 years. GuruFocus rated C.R. Bard the business predictability rank of 5-star.


For its second quarter 2011, C.R. Bard Inc. reported net sales of $725.0 million, an 8% year-over-year increase. Net loss for the quarter was $47.8 million ($0.55 diluted) compared to net income of $124.6 million ($1.29 diluted) prior-year quarter.


Chairman and CEO Timothy M. Ring sold 11,261 shares of BCR stock on 08/16/2011 at the average price of $91.11. Timothy M. Ring owns at least 234,740 shares after this. The price of the stock has decreased by 4% since. Senior Vice President and CFO Todd C. Schermerhorn sold 52,720 shares of BCR stock on 08/15/2011 at the average price of $92.51. President and COO John H. Weiland sold 7,427 shares of BCR stock on 08/16/2011 at the average price of $90.91. Other insiders sold shares of BCR stock as well.


STAAR Surgical Company (STAA, Financial): Vice President and CFO Deborah J. Andrews Sold 30,000 Shares


Vice President and CFO of STAAR Surgical Company (STAA) Deborah J. Andrews sold 30,000 shares on 08/18/2011 at an average price of $6.59. Staar Surgical Company has evolved to become a developer, manufacturer and global distributor of products used by ophthalmologists and other eye care professionals to improve or correct vision in patients suffering from refractive conditions, cataracts and glaucoma. STAAR Surgical Company has a market cap of $239.55 million; its shares were traded at around $6.95 with and P/S ratio of 4.36.


For its second quarter 2011 ended July 1, STAAR Surgical Company reported revenue growth of 19% to $16.3 million from $13.7 million prior year quarter. Net income was $862,000 ($0.02 per share) compared to a net loss of $1.6 million ($0.05 per share) last year. The growth in earnings was mostly fueled by increased sales of the company’s Visian ICLs, in which sales grew by 41%.


Deborah .J Andrews owns at least 23,400 shares after this. The price of the stock has increased by 5.46% since.


Pegasystems Inc. (PEGA, Financial): CFO and Senior Vice President Craig A. Dynes Sold 12,219 Shares


CFO and Senior Vice President of Pegasystems Inc. (PEGA) Craig A. Dynes sold 12,219 shares on 08/15/2011 at an average price of $43.65. Pegasystems Inc. is a provider of customer relationship management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Pegasystems Inc. has a market cap of $1.61 billion; its shares were traded at around $36.18 with a P/E ratio of 81.15 and P/S ratio of 4.77. The dividend yield of Pegasystems Inc. stocks is 0.28%.


For its second quarter 2011, Pegasystems Inc. reported revenues of $103.5 million, a 26% increase over the prior-year quarter. Net income was $2.3 million ($0.06 diluted), compared to a net loss of $8.2 million ($0.22 diluted) prior year.


Craig A. Dynes owns at least 4,071 shares after this. The price of the stock has decreased by 17.11% since. Senior Vice President Engineering Michael R. Pyle and Director Richard H. Jones both also sold shares of PEGA stock during the past week.


IDEXX Laboratories Inc. (IDXX, Financial): Corporate Vice President and CFO Merilee Raines Sold 12,200 Shares


Corporate Vice President and CFO of IDEXX Laboratories Inc. (IDXX) Merilee Raines sold 12,200 shares on 08/12/2011 at an average price of $76.52. IDEXX Laboratories Inc. is a world leader in providing diagnostic, detection and information products to the animal health industry as well as quality assurance products and services to the food and water industries. Idexx Laboratories Inc. has a market cap of $4.47 billion; its shares were traded at around $73.5 with a P/E ratio of 30.07 and P/S ratio of 4.05. Idexx Laboratories Inc. had an annual average earnings growth of 17.6% over the past 10 years. GuruFocus rated Idexx Laboratories Inc. the business predictability rank of 5-star.


For its second quarter 2011, IDEXX Laboratories Inc. reported revenue growth of 13% to $317.9 million, from $281.5 million last year. EPS was $0.83, compared to $0.62 in the second quarter last year.


Merilee Raines owns at least 183,094 shares after this. The price of the stock has decreased by 3.95% since.


For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.