Weekly CEO Buys Highlight: NL, LNCR, MSCI, VITC, FOR

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Sep 24, 2011
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

NL Industries Inc. (NL, Financial): Chairman of the Board & CEO, 10% Owner Harold C Simmons Bought 66,205 Shares

Chairman of the Board & CEO, 10% Owner of NL Industries Inc. (NL) Harold C Simmons bought 66,205 shares during the past week at an average price of $12.49. NL INDUSTRIES, INC. conducts its operations through its two wholly-owned subsidiaries, Kronos, Inc. Nl Industries Inc. has a market cap of $607.8 million; its shares were traded at around $12.49 with a P/E ratio of 6.5 and P/S ratio of 4.4. The dividend yield of Nl Industries Inc. stocks is 4%.

Lincare Holdings Inc. (LNCR, Financial): Chairman & CEO John P Byrnes Bought 25,000 Shares

Chairman & CEO of Lincare Holdings Inc. (LNCR) John P Byrnes bought 25,000 shares on 09/19/2011 at an average price of $20.79. Lincare Holdings Inc. is one of the nation's largest providers of oxygen and other respiratory therapy services to patients in the home. Lincare Holdings Inc. has a market cap of $1.94 billion; its shares were traded at around $20.79 with a P/E ratio of 11 and P/S ratio of 1.2. The dividend yield of Lincare Holdings Inc. stocks is 3.8%. Lincare Holdings Inc. had an annual average earnings growth of 8% over the past 10 years. GuruFocus rated Lincare Holdings Inc. the business predictability rank of 4.5-star.

For the quarter ended June 30, 2011, net revenues were $449.0 million, a 7.3% increase over net revenues of $418.4 million for the second quarter of 2010. The Company estimates that the 7.3% increase in net revenues in the second quarter of 2011 was comprised of approximately 12.3% internal and acquisition growth offset by approximately 5.0% negative impact from $21.0 million of Medicare payment changes during the second quarter of 2011.

Joel Greenblatt owns 27,475 shares as of 06/30/2011, an increase of 119.48% from the previous quarter. This position accounts for 0.1124% of the $715 million portfolio of Gotham Capital. George Soros sold out his holdings in the quarter that ended on 06/30/2011. Steve Mandel sold out his holdings in the quarter that ended on 06/30/2011.

CFO Paul G Gabos bought 25,000 shares of LNCR stock on 08/22/2011 at the average price of 20.22. Paul G Gabos owns at least 621,232 shares after this. The price of the stock has increased by 2.82% since. There are mixed trades from other insiders.

MSCI (MSCI, Financial): Chairman, CEO and President Henry A Fernandez Bought 10,000 Shares

Chairman, CEO and President of MSCI (MSCI) Henry A Fernandez bought 10,000 shares on 09/23/2011 at an average price of $29.67. MSCI Inc. is a provider of investment decision support tools to investment institutions worldwide. Msci has a market cap of $3.57 billion; its shares were traded at around $29.67 with a P/E ratio of 19.8 and P/S ratio of 5.4.

MSCI recently reported its second quarter 2011 results. Operating revenues increased 80.9% to $226.5 million in second quarter 2011 and 82.2% to $449.8 million for six months 2011. Compared to pro forma 2010, second quarter 2011 revenues grew by 12.0% and six months 2011 revenues rose 12.3%.

Ron Baron owns 10,989,626 shares as of 06/30/2011, which accounts for 2.3007% of the $18 billion portfolio of Baron Funds. George Soros sold out his holdings in the quarter that ended on 06/30/2011.

CFO David M Obstler sold 15,000 shares of MSCI stock on 06/21/2011 at the average price of 38.4. David M Obstler owns at least 25,111 shares after this. The price of the stock has decreased by 22.73% since. Other insiders have also reduced their positions in the company.

Vitacost.com Inc. (VITC, Financial): CEO Jeffrey Horowitz Bought 58,001 Shares

CEO of Vitacost.com Inc. (VITC) Jeffrey Horowitz bought 58,001 shares during the past week at an average price of $5. Vitacost.com, Inc. is a online retailer and direct marketer, of health and wellness products, including dietary supplements or other botanicals, amino acids and metabolites, as well as cosmetics, organic body and personal care products, sports nutrition and health foods. Vitacost.com Inc. has a market cap of $139.2 million; its shares were traded at around $5 with and P/S ratio of 0.6.

Vitacost recently reported net sales of $65.9 million, a 22.1% increase from net sales of $54.0 million for the second quarter of 2010. Due to the elimination of the loyalty membership program in the fourth quarter of 2010, advertising and fees earned from affiliates was negligible in the second quarter of 2011, compared to $0.2 million in the second quarter of 2010. Excluding these amounts, sales of third party product increased 36.5% year-over-year to $47.8 million.

George Soros owns 12,700 shares as of 06/30/2011, which accounts for 0.0009% of the $7.11 billion portfolio of Soros Fund Management LLC. Ron Baron owns 2,325,000 shares as of 06/30/2011, which accounts for 0.0625% of the $18 billion portfolio of Baron Funds.

Director, 10% Owner Jeffrey Horowitz bought 16,969 shares of VITC stock on 09/22/2011 at the average price of 4.92. Jeffrey Horowitz owns at least 583,334 shares after this. The price of the stock has increased by 1.63% since.

Forestar Group (FOR, Financial): CEO - President James M Decosmo Bought 17,000 Shares

CEO - President of Forestar Group (FOR) James M Decosmo bought 17,000 shares on 09/16/2011 at an average price of $10.85. Forestar Group, Inc. formerly known as Forestar Real Estate Group Inc. Forestar Group has a market cap of $385.1 million; its shares were traded at around $10.85 with and P/S ratio of 3.9.

Forestar recently reported its second quarter 2011 results. The company reported a second quarter 2011 net loss of approximately ($3.9) million, or ($0.11) per basic share, compared with a second quarter 2010 net loss of ($3.3) million, or ($0.09) per basic share outstanding.

Arnold Schneider owns 135,293 shares as of 06/30/2011, an increase of 187.66% from the previous quarter. This position accounts for 0.1287% of the $1.73 billion portfolio of Schneider Capital Management. NWQ Managers owns 2,981,793 shares as of 06/30/2011, an increase of 11.18% from the previous quarter. This position accounts for 0.2545% of the $19.36 billion portfolio of NWQ Investment Management Co.

CEO - President James M Decosmo bought 17,000 shares of FOR stock on 09/16/2011 at the average price of 11.77. James M Decosmo owns at least 133,157 shares after this. The price of the stock has decreased by 7.82% since.