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Weekly CEO Buys Highlight: RCL, MBI, HOGS, ZION, MWW

September 03, 2011 | About:
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gurufocus

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Last week's top five stocks that were bought by their CEOs were RCL, MBI, HOGS, ZION, and MWW. 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 $24.02. 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 $5.21 billion; its shares were traded at around $24.02 with a P/E ratio of 9.2 and P/S ratio of 0.8. The dividend yield of Royal Caribbean Cruises Ltd. stocks is 1.6%. 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. Richard Aster Jr owns 1,511,900 shares as of 06/30/2011, an increase of 10.04% from the previous quarter. This position accounts for 1.6717% of the $3.4 billion portfolio of Meridian Fund.

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 7.93% since.

MBIA Inc. (MBI): CEO Joseph W Brown Bought 100,000 Shares

CEO of MBIA Inc. (MBI) Joseph W Brown bought 100,000 shares on 09/02/2011 at an average price of $7.64. MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Mbia Inc. has a market cap of $1.53 billion; its shares were traded at around $7.64 with and P/S ratio of 1.7.

MBIA recently announced its second quarter 2011 results. The company reported Adjusted Book Value (ABV) per share of $37.22 as of June 30, 2011, compared with $35.57 as of March 31, 2011. Book value per share was $9.56 as of June 30, 2011.

Mario Gabelli bought 10,000 shares in the quarter that ended on 06/30/2011, which is 0.0006% of the $13.9 billion portfolio of GAMCO Investors. Bruce Berkowitz owns 46,832,270 shares as of 06/30/2011, an increase of 13.52% from the previous quarter. This position accounts for 3.1518% of the $12.91 billion portfolio of Fairholme Capital Management. George Soros owns 11,400 shares as of 06/30/2011, a decrease of 71.85% of from the previous quarter. This position accounts for 0.0014% of the $7.11 billion portfolio of Soros Fund Management LLC.

President, CFO and CAO C Edward Chaplin bought 25,000 shares of MBI stock on 05/27/2011 at the average price of 9.01. C Edward Chaplin owns at least 399,221 shares after this. The price of the stock has decreased by 15.21% since. Other insiders have also increased their positions in the company.

Zhongpin Inc. (HOGS): CEO and Chairman, 10% Owner Xianfu Zhu Bought 75,000 Shares

CEO and Chairman, 10% Owner of Zhongpin Inc. (HOGS) Xianfu Zhu bought 75,000 shares on 08/26/2011 at an average price of $9.31. ZHONGPIN INC., is a U.S. publicly traded meat and food processing company that specializes in pork and pork products, and vegetable and fruits in the Peoples Republic of China. Zhongpin Inc. has a market cap of $375.6 million; its shares were traded at around $9.31 with a P/E ratio of 5 and P/S ratio of 0.4. Zhongpin Inc. had an annual average earnings growth of 15.4% over the past 5 years.

HOGS recently reported its second quarter 2011 results. Mr. Xianfu Zhu, Chairman and Chief Executive Officer of Zhongpin Inc., said, “Our operations and growth strategy continued on plan in the second quarter. "Revenues were up 70% and net income was up 56% from the prior second quarter, even with the expense associated with our aggressive expansions in markets and facilities. Total tonnage was up 6%, with average prices up 60%, second quarter over second quarter.”

Executive VP & Secretary Baoke Ben bought 50,000 shares of HOGS stock on 08/26/2011 at the average price of 8.05. Baoke Ben owns at least 888,125 shares after this. The price of the stock has increased by 15.65% since.

Zions Ban Corp. (ZION): Subsidiary CEO Scott J Mclean Bought 29,000 Shares

Subsidiary CEO of Zions Ban Corp. (ZION) Scott J Mclean bought 29,000 shares on 08/30/2011 at an average price of $16.18. Zions Bancorporation is a multi-bank holding company. Zions Ban Corp. has a market cap of $2.97 billion; its shares were traded at around $16.18 with and P/S ratio of 1.1. The dividend yield of Zions Ban Corp. stocks is 0.2%.

Zions Bancorporation recently reported second quarter net earnings applicable to common shareholders of $29.0 million or $0.16 per diluted common share, compared to $14.8 million or $0.08 per diluted share for the first quarter of 2011. Excluding the noncash effects of the discount amortization on convertible subordinated debt and additional accretion on acquired loans, net earnings were $82.4 million or $0.45 per diluted share for the second quarter of 2011 compared to $52.6 million or $0.29 per diluted share for the first quarter of 2011.

David Dreman bought 153,075 shares in the quarter that ended on 06/30/2011, which is 0.0703% of the $5.23 billion portfolio of Dreman Value Management.

Pres. of Subsidiary Dallas E Haun sold 2,000 shares of ZION stock on 07/26/2011 at the average price of 23.03. Dallas E Haun owns at least 31,254 shares after this. The price of the stock has decreased by 29.74% since.

Monster Worldwide Inc. (MWW): Chairman, President and CEO Salvatore Iannuzzi Bought 50,000 Shares

Chairman, President and CEO of Monster Worldwide Inc. (MWW) Salvatore Iannuzzi bought 50,000 shares on 08/30/2011 at an average price of $8.73. Monster Worldwide, Inc is the online recruitment leader and the parent company of Monster, the global careers website. Monster Worldwide Inc. has a market cap of $1.13 billion; its shares were traded at around $8.73 with a P/E ratio of 41.6 and P/S ratio of 1.3.

Revenue of $270 million increased 25% from $215 million in the second quarter 2010. On a year over year basis, currency translation had an $11 million positive impact on revenue in the second quarter.

Total Careers revenue was $236 million, an increase of 28%, compared to $184 million in the second quarter 2010. Careers-North America revenue was $123 million, an increase of 26% compared to $97 million in the second quarter 2010. Careers-International revenue grew 31% to $113 million compared with $87 million in the prior year period.

Revenue of $270 million increased 25% from $215 million in the second quarter 2010. On a year over year basis, currency translation had an $11 million positive impact on revenue in the second quarter. Total Careers revenue was $236 million, an increase of 28%, compared to $184 million in the second quarter 2010. Careers-North America revenue was $123 million, an increase of 26% compared to $97 million in the second quarter 2010. Careers-International revenue grew 31% to $113 million compared with $87 million in the prior year period.

PRIMECAP Management owns 486,000 shares as of 06/30/2011, which accounts for 0.0103% of the $69.32 billion portfolio of PRIMECAP Management. Mario Gabelli owns 55,000 shares as of 06/30/2011, which accounts for 0.0058% of the $13.9 billion portfolio of GAMCO Investors. Arnold Schneider owns 1,804,106 shares as of 06/30/2011, which accounts for 1.5317% of the $1.73 billion portfolio of Schneider Capital Management.

EVP, CFO James M Langrock bought 12,237 shares of MWW stock on 08/30/2011 at the average price of 8.17. James M Langrock owns at least 272,509 shares after this. The price of the stock has increased by 6.85% since. Other insiders have also increased their positions in the company.

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gurufocus
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