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Weekly CEO Buys Highlight: KMI, VGR, SIRO, PNK, MASI

November 27, 2011 | About:
hyperman299

hyperman299

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

Kinder Morgan (NYSE:KMI): Chairman and CEO, 10% Owner Richard D Kinder Bought 19,723,865 Shares

Chairman and CEO, 10% Owner of Kinder Morgan (NYSE:KMI) Richard D Kinder bought 19,723,865 shares on 11/22/2011 at an average price of $29. Kinder Morgan, Inc. is engaged in energy transportation and storage in North America. Kinder Morgan has a market cap of $20.5 billion; its shares were traded at around $29 . The dividend yield of Kinder Morgan stocks is 4.2%.

Jean-Marie Eveillard owns 6,056,880 shares as of 09/30/2011, which accounts for 0.7809% of the $20.08 billion portfolio of First Eagle Investment Management, LLC.

VP Human Resources & Administr James E Street bought 2,356 shares of KMI stock on 08/16/2011 at the average price of 26.69. James E Street owns at least 158,446 shares after this. The price of the stock has increased by 8.65% since.

Vector Group Ltd. (NYSE:VGR): President and CEO Howard M Lorber Bought 500,000 Shares

President and CEO of Vector Group Ltd. (NYSE:VGR) Howard M Lorber bought 500,000 shares on 11/22/2011 at an average price of $17.57. BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. Vector Group Ltd. has a market cap of $1.4 billion; its shares were traded at around $17.57 with a P/E ratio of 26.8 and P/S ratio of 1.3. The dividend yield of Vector Group Ltd. stocks is 9.2%. Vector Group Ltd. had an annual average earnings growth of 3.3% over the past 5 years.

Third quarter 2011 revenues were $289.0 million, compared to revenues of $295.1 million in the third quarter of 2010. The decline in revenues in 2011 was primarily due to decreased unit sales of approximately 5.9% in the 2011 period compared to the 2010 period. The Company recorded operating income of $37.9 million in the 2011 third quarter, compared to operating income of $29.9 million in the third quarter of 2010.

Carl Icahn bought 14,799,852 shares in the quarter that ended on 09/30/2011, which is 2.2821% of the $11.14 billion portfolio of Icahn Capital Management LP.

10% Owner Phillip Md Et Al Frost bought 5,648,122 shares of VGR stock on 11/22/2011 at the average price of 17.7. Phillip Md Et Al Frost owns at least 11,580,960 shares after this. The price of the stock has decreased by 0.73% since.

Sirona Dental Systems Inc. (NASDAQ:SIRO): Chairman and CEO Jost Fischer Bought 25,000 Shares

Chairman and CEO of Sirona Dental Systems Inc. (NASDAQ:SIRO) Jost Fischer bought 25,000 shares on 11/23/2011 at an average price of $41.34. Sirona Dental Systems Inc. is a company dedicated to creating and producing the finest dental equipment available. Sirona Dental Systems Inc. has a market cap of $2.32 billion; its shares were traded at around $41.34 with a P/E ratio of 14.4 and P/S ratio of 3. Sirona Dental Systems Inc. had an annual average earnings growth of 54.6% over the past 10 years.

Revenue was $218.8 million, an increase of $35.9 million or up 19.6%. Revenue in the United States increased 13.5%, while revenues outside the United States increased 21.9% (up 11.3% constant currency), with strong growth in Asia Pacific and the Middle East. Gross profit was $110.7 million, up $17.6 million.

Ruane Cunniff bought 61,605 shares in the quarter that ended on 09/30/2011, which is 0.0268% of the $9.74 billion portfolio of Ruane & Cunniff & Goldfarb.

Exec Vice President and CFO Simone Blank bought 18,750 shares of SIRO stock on 11/23/2011 at the average price of 39.91. Simone Blank owns at least 69,750 shares after this. The price of the stock has increased by 3.58% since. There are mixed trades from other insiders.

Pinnacle Entertainment Inc. (NYSE:PNK): President and CEO Anthony Michael Sanfilippo Bought 90,000 Shares

President and CEO of Pinnacle Entertainment Inc. (NYSE:PNK) Anthony Michael Sanfilippo bought 90,000 shares during the past week at an average price of $9.11. 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 $565.2 million; its shares were traded at around $9.11 with a P/E ratio of 18.6 and P/S ratio of 0.5.

Pinnacle Entertainment recently reported financial results for the third quarter ended September 30, 2011, as summarized in the table below. Third quarter revenues increased 7.2%, or $20.0 million, to $295.9 million from $275.9 million in the third quarter of 2010. Consolidated Adjusted EBITDA increased 16.3%, or $9.6 million, to $68.7 million, including several charges and items that affected comparability with the year ago period that are detailed on the next page, versus $59.0 million in the 2010 third quarter.

George Soros bought 15,100 shares in the quarter that ended on 09/30/2011, which is 0.0023% of the $5.83 billion portfolio of Soros Fund Management LLC. Mario Gabelli owns 684,400 shares as of 09/30/2011, which accounts for 0.0567% of the $10.95 billion portfolio of GAMCO Investors.

EVP and CFO Carlos Ruisanchez bought 5,000 shares of PNK stock on 11/23/2011 at the average price of 9.25. Carlos Ruisanchez owns at least 79,660 shares after this. The price of the stock has decreased by 1.51% since. Other insiders have also increased their positions in the company.

Masimo Corp. (NASDAQ:MASI): CEO and Chairman of the Board Joe E Kiani Bought 35,404 Shares

CEO and Chairman of the Board of Masimo Corp. (NASDAQ:MASI) Joe E Kiani bought 35,404 shares on 11/22/2011 at an average price of $18.4. Masimo develops innovative monitoring technologies that significantly improve patient care -- helping solve `unsolvable` problems. Masimo Corp. has a market cap of $1.1 billion; its shares were traded at around $18.4 with a P/E ratio of 17.2 and P/S ratio of 2.7.

Masimo's total revenue for the first quarter rose 14% to $113.0 million, compared to $98.8 million for the first quarter of 2010. Masimo's first quarter product revenue rose 18% to $101.6 million, compared to $85.9 million for the first quarter of 2010. Revenue from Masimo rainbow products rose 39% to$7.4 million in the first quarter, compared to $5.3 million for the first quarter of 2010.

Joel Greenblatt bought 18,889 shares in the quarter that ended on 09/30/2011, which is 0.0666% of the $614 million portfolio of Gotham Capital. Ron Baron owns 1,735,500 shares as of 09/30/2011, which accounts for 0.2616% of the $14.37 billion portfolio of Baron Funds.

COO Anthony Allan bought 7,000 shares of MASI stock on 11/21/2011 at the average price of 18. Anthony Allan owns at least 10,524 shares after this. The price of the stock has increased by 2.22% since.

  • 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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