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Weekly CEO Buys Highlight: RCL, CIT, PNK, EXE, UNIS

August 27, 2011 | About:
hyperman299

hyperman299

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Last weeks’ top five stocks that were bought by their CEOs were RCL, CIT, PNk, EXE, and UNIS. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Royal Caribbean Cruises Ltd. (RCL): Chairman & CEO Richard D Fain Bought 66,000 Shares

Chairman & CEO of Royal Caribbean Cruises Ltd. (RCL) Richard D Fain bought 66,000 shares on 08/26/2011 at an average price of $23.61. Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, and Royal Celebrity Tours. Royal Caribbean Cruises Ltd. has a market cap of $5.87 billion; its shares were traded at around $23.61 with a P/E ratio of 10.5 and P/S ratio of 0.9. The dividend yield of Royal Caribbean Cruises Ltd. stocks is 1.5%. Royal Caribbean Cruises Ltd. had an annual average earnings growth of 4.4% over the past 10 years.

RCL recently reported its second quarter 2011 results. The company reported net income was $93.5 million, or 32 cents per share, compared to $53.7 million, or 25 cents per share, in th second quarter of 2010. Net yields increased 3.8% during the quarter.

George Soros bought 5,500 shares in the quarter that ended on 06/30/2011, which is 0.0029% of the $7.11 billion portfolio of Soros Fund Management LLC. James Barrow owns 2,951,895 shares as of 06/30/2011, an increase of 38.22% from the previous quarter. This position accounts for 0.2242% of the $49.55 billion portfolio of Barrow, Hanley, Mewhinney & Strauss. Steve Mandel owns 5,179,136 shares as of 06/30/2011, an increase of 33.69% from the previous quarter. This position accounts for 1.4663% of the $13.3 billion portfolio of Lone Pine Capital. John Rogers owns 2,369,365 shares as of 06/30/2011, an increase of 19.11% from the previous quarter. This position accounts for 1.6563% of the $5.39 billion portfolio of Ariel Capital Management.

Director Bernard W Aronson bought 17,000 shares of RCL stock on 08/05/2011 at the average price of 26.09. Bernard W Aronson owns at least 35,204 shares after this. The price of the stock has decreased by 9.51% since. Director Vagn O Sorensen bought 1,750 shares of RCL stock on 08/01/2011 at the average price of 31.42. Vagn O Sorensen owns at least 1,750 shares after this. The price of the stock has decreased by 24.86% since.

CIT Group Inc. (CIT): Chairman & CEO John A Thain Bought 40,000 Shares

Chairman & CEO of CIT Group Inc. (CIT) John A Thain bought 40,000 shares on 08/23/2011 at an average price of $33.11. CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $7.53 billion; its shares were traded at around $33.11 with a P/E ratio of 33.5 and P/S ratio of 1.1.

Michael Price owns 180,000 shares as of 06/30/2011, an increase of 429.41% from the previous quarter. This position accounts for 1.1562% of the $689 million portfolio of MFP Investors LLC. Daniel Loeb owns 3,000,000 shares as of 06/30/2011, an increase of 93.55% from the previous quarter. This position accounts for 4.9212% of the $2.7 billion portfolio of Third Point, LLC. Edward Lampert owns 5,369,785 shares as of 06/30/2011, an increase of 29.51% from the previous quarter. This position accounts for 2.3443% of the $10.14 billion portfolio of ESL Investments.

Director Michael J Embler bought 2,000 shares of CIT stock on 08/10/2011 at the average price of 33.88. Michael J Embler owns at least 6,504 shares after this. The price of the stock has decreased by 2.27% since.

Pinnacle Entertainment Inc. (PNK): President and CEO Anthony Michael Sanfilippo Bought 80,000 Shares

President and CEO of Pinnacle Entertainment Inc. (PNK) Anthony Michael Sanfilippo bought 80,000 shares during the past week at an average price of $12.26. Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. Pinnacle Entertainment Inc. has a market cap of $761.1 million; its shares were traded at around $12.26 with a P/E ratio of 34.1 and P/S ratio of 0.7.

PNK reported record financial results for the second quarter ended June 30, 2011, as summarized in the table below. Second quarter revenues increased 9.3%, or $25.5 million, to $299.1 million from $273.6 million in the second quarter of 2010. Consolidated Adjusted EBITDA(1) increased 39.9%, or $19.7 million, to $69.1 million compared to $49.4 million in the 2010 second quarter, inclusive of $0.3 million and $2.8 million of severance and corporate office consolidation costs, respectively. Income from continuing operations was $5.5 million compared to a loss of $40.7 million in the 2010 second quarter.

Mario Gabelli owns 653,100 shares as of 06/30/2011, which accounts for 0.07% of the $13.9 billion portfolio of GAMCO Investors. George Soros sold out his holdings in the quarter that ended on 06/30/2011.

EVP and CFO Carlos Ruisanchez bought 10,000 shares of PNK stock on 08/22/2011 at the average price of 11.4. Carlos Ruisanchez owns at least 74,660 shares after this. The price of the stock has increased by 7.54% since. There are mixed trades from other insiders.

Crexendo (EXE): CEO, 10% Owner Steven G Mihaylo Bought 200,000 Shares

CEO, 10% Owner of Crexendo (EXE) Steven G Mihaylo bought 200,000 shares on 08/19/2011 at an average price of $4.99. Crexendo, Inc., formerly known as Imergent, Inc., operates as an eCommerce application service provider enabling companies to extend their business to eCommerce. Crexendo has a market cap of $51.2 million; its shares were traded at around $4.99 with and P/S ratio of 0.7. The dividend yield of Crexendo stocks is 1.7%.

Net loss for the second quarter of 2011 was $9,345,000 or $0.88 per diluted common share, compared to a net income of $51,000 or $0.00 per diluted common share in the prior year quarter. Loss before income tax provision for the second quarter of 2011 was $3,183,000, which included $1,075,000 in impairments and other one-time charges associated with the announced restructuring of our StoresOnline division, compared to income of $127,000 in the prior year quarter.

Unilife Corp. (UNIS): CEO Alan Shortall Bought 121,135 Shares

CEO of Unilife Corp. (UNIS) Alan Shortall bought 121,135 shares on 08/23/2011 at an average price of $4.68. Unilife Corporation is a medical device company based in U. Unilife Corp. has a market cap of $285.4 million; its shares were traded at around $4.68 with and P/S ratio of 25.

See Remarks Ramin Mojdehbakhsh bought 54,600 shares of UNIS stock on 03/21/2011 at the average price of 4.62. Ramin Mojdehbakhsh owns at least 174,600 shares after this. The price of the stock has increased by 1.3% since.

Revenues for the three months ended March 31, 2011 were $0.7 million compared to $2.4 million for the same period in 2010. This decrease in revenue is largely attributable to a decrease of $1.2 million in milestone payments from Unilife's pharmaceutical partner associated with the industrialization program for the Unifill syringe, as well as a decrease in revenue of $0.5 million reflecting the Company's decision to discontinue its contract manufacturing operations and instead focus on the commercialization, production and supply of its own propriety line of products.

  • 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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