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SandRidge Energy (SD): Down 27% Since Murray Stahl Bought In the Quarter Ended on 2011-06-30
Murray Stahl initiated holdings in Exploration & Production company Sandridge Energy during the quarter ended 06/30/2011. His purchase prices were between $9.98 and $12.97, with an estimated average price of $11.16. Since then the prices of SandRidge Energy shares have declined by -27% from the estimated average. Murray Stahl owned 1,505,000 shares of as of 06/30/2011.
SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. Sandridge Energy has a market cap of $3.38 billion; its shares were traded at around $8.19 with and P/S ratio of 3.6.
SD recently reported its second quarter 2011 results. The company announced adjusted EBITDA of $156 million ($182 million including realized gains on out-of-period derivative contract settlements) for second quarter 2011 compared to $132 million ($195 million including realized gains on out-of-period derivative contract settlements) in second quarter 2010.
George Soros bought 1,400,000 shares in the quarter that ended on 06/30/2011, which is 0.2099% of the $7.11 billion portfolio of Soros Fund Management LLC.Ruane Cunniff owns 2,500,000 shares as of 06/30/2011, an increase of 66.67% from the previous quarter. This position accounts for 0.2419% of the $11.02 billion portfolio of Ruane & Cunniff & Goldfarb.
SVP - IT and CIO Thomas L. Winton bought 4,000 shares of SD stock on 09/13/2011 at the average price of 6.93. Thomas L. Winton owns at least 184,379 shares after this. The price of the stock has increased by 18.18% since. Other insiders have also increased their positions in the company.
OwensIllinois Inc. (OI): Down 29% Since Louis Moore Bacon Bought In the Quarter Ended on 2011-06-30
Louis Moore Bacon initiated holdings in Containers & Packaging company Owensillinois Inc. during the quarter ended 06/30/2011. His purchase prices were between $25.07 and $33.01, with an estimated average price of $29.81. Since then the prices of OwensIllinois Inc. shares have declined by -29% from the estimated average. Louis Moore Bacon owned 32,750 shares of as of 06/30/2011.
Owens-Illinois, Inc. is one of the largest manufacturers of glass containers in North America, South America, Australia, New Zealand, and China, and one of the largest in Europe. Owensillinois Inc. has a market cap of $3.49 billion; its shares were traded at around $21.24 with a P/E ratio of 8.8 and P/S ratio of 0.5.
O-I reported third quarter 2011 earnings from continuing operations attributable to the Company of $0.72 per share (diluted), compared to $0.77 per share (diluted) for the same period in the prior year. Adjusted net earnings (non-GAAP) were $0.84 per share, compared to $0.83 per share in the third quarter of 2010, with some benefit from a lower annual effective tax rate. Third quarter adjusted net earnings improved from second quarter 2011 results of $0.59 per share.
David Dreman owns 220,390 shares as of 06/30/2011, which accounts for 0.1088% of the $5.23 billion portfolio of Dreman Value Management.
Board Chair & CEO Albert P L Stroucken bought 121,200 shares of OI stock on 09/09/2011 at the average price of 16.56. Albert P L Stroucken owns at least 435,928 shares after this. The price of the stock has increased by 28.26% since. Other insiders have also increased their positions in the company.
General Cable Corp. (BGC): Down 28% Since Steven Cohen Bought In the Quarter Ended on 2011-06-30
Steven Cohen added to his holdings in Telecommunications Equipment company General Cable Corp. by 1944.96% during the quarter ended 06/30/2011. His purchase prices were between $35.79 and $48.54, with an estimated average price of $41.88. Since then the prices of General Cable Corp. shares have declined by -28% from the estimated average. Steven Cohen owned 311,591 shares of as of 06/30/2011.
General Cable Corp. is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the communications, energy and electrical markets. General Cable Corp. has a market cap of $1.57 billion; its shares were traded at around $30.03 with a P/E ratio of 10.9 and P/S ratio of 0.3. General Cable Corp. had an annual average earnings growth of 23% over the past 10 years.
BGC recently reported its second quarter 2011 results. Net sales for the second quarter of 2011 were $1,532.2 million, an increase of $153.9 million, or 11%, compared to the second quarter of 2010 on a metal-adjusted basis. Before the impact of favorable foreign currency exchange rate changes of $80.3 million, net sales for the second quarter increased 5% compared to the second quarter of 2010.
Richard Aster Jr owns 280,400 shares as of 06/30/2011, an increase of 29.52% from the previous quarter. This position accounts for 0.3507% of the $3.4 billion portfolio of Meridian Fund. John Keeley owns 713,000 shares as of 06/30/2011, which accounts for 0.4953% of the $6.13 billion portfolio of Keeley Fund Management. David Dreman owns 953,442 shares as of 06/30/2011, which accounts for 0.7767% of the $5.23 billion portfolio of Dreman Value Management. George Soros owns 79,200 shares as of 06/30/2011, which accounts for 0.0474% of the $7.11 billion portfolio of Soros Fund Management LLC.
EVP, Pres/CEO Europe/Med Emmanuel Sabonnadiere bought 1,415 shares of BGC stock on 08/31/2011 at the average price of 30.2. Emmanuel Sabonnadiere owns at least 3,587 shares after this. The price of the stock has decreased by 0.56% since.
Lazard (LAZ): Down 28% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2011-06-30
Manning & Napier Advisors, Inc added to his holdings in Banks company Lazard by 24.22% during the quarter ended 06/30/2011. His purchase prices were between $35.42 and $43.25, with an estimated average price of $39.01. Since then the prices of Lazard shares have declined by -28% from the estimated average. Manning & Napier Advisors, Inc owned 79,490 shares of as of 06/30/2011.
Lazard is a preeminent international financial advisory and asset management firm that has long specialized in crafting solutions to the complex financial and strategic challenges of their clients. Lazard has a market cap of $3.4 billion; its shares were traded at around $28.22 with a P/E ratio of 13.1 and P/S ratio of 1.7. The dividend yield of Lazard stocks is 2.3%.
John Keeley owns 141,805 shares as of 06/30/2011, which accounts for 0.0858% of the $6.13 billion portfolio of Keeley Fund Management. John Rogers owns 4,765,570 shares as of 06/30/2011, which accounts for 3.2835% of the $5.39 billion portfolio of Ariel Capital Management. Kenneth Fisher owns 972,604 shares as of 09/30/2011, which accounts for 0.0682% of the $30.08 billion portfolio of Fisher Asset Management, LLC.
General Counsel Scott D Hoffman sold 14,267 shares of LAZ stock on 09/14/2011 at the average price of 25.42. The price of the stock has increased by 11.01% since.
Peabody Energy Corp. (BTU): Down 23% Since RS Investment Management Bought In the Quarter Ended on 2011-06-30
RS Investment Management added to his holdings in Coal company Peabody Energy Corp. by 23.25% during the quarter ended 06/30/2011. His purchase prices were between $53.22 and $72.71, with an estimated average price of $61.05. Since then the prices of Peabody Energy Corp. shares have declined by -23% from the estimated average. RS Investment Management owned 3,008,019 shares of as of 06/30/2011.
Peabody Energy is the largest private-sector coal company in the world. Peabody Energy Corp. has a market cap of $12.69 billion; its shares were traded at around $46.84 with a P/E ratio of 13 and P/S ratio of 1.8. The dividend yield of Peabody Energy Corp. stocks is 0.7%. Peabody Energy Corp. had an annual average earnings growth of 27.1% over the past 10 years. GuruFocus rated Peabody Energy Corp. the business predictability rank of 2.5-star.
Peabody recently reported third quarter 2011 EBITDA of $504.4 million on record quarterly revenues of $2.04 billion. Income from continuing operations was $283.5 million, with diluted earnings per share from continuing operations of $1.01. Adjusted diluted earnings per share from continuing operations totaled $0.87, compared with $0.99 in the prior year. Results reflect $21.9 million in expenses ($0.07 per share after tax) related to the takeover of Macarthur Coal. This includes $12.7 million of interest expense related to bridge financing fees for the transaction.
Arnold Schneider bought 957,472 shares in the quarter that ended on 06/30/2011, which is 3.2667% of the $1.73 billion portfolio of Schneider Capital Management. Ken Heebner sold out his holdings in the quarter that ended on 06/30/2011.
EVP - Technical Services Jeane L. Hull sold 2,313 shares of BTU stock on 07/05/2011 at the average price of 60.75. Jeane L. Hull owns at least 55,697 shares after this. The price of the stock has decreased by 22.9% since.
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