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

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hyperman299

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

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

Chairman and CEO, 10% Owner of Kinder Morgan (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. (VGR): President and CEO Howard M Lorber Bought 500,000 Shares

President and CEO of Vector Group Ltd. (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. (SIRO): Chairman and CEO Jost Fischer Bought 25,000 Shares

Chairman and CEO of Sirona Dental Systems Inc. (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. (PNK): President and CEO Anthony Michael Sanfilippo Bought 90,000 Shares

President and CEO of Pinnacle Entertainment Inc. (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. (MASI): CEO and Chairman of the Board Joe E Kiani Bought 35,404 Shares

CEO and Chairman of the Board of Masimo Corp. (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.


Rating: 3.0/5 (18 votes)

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