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Weekly CEO Buys Highlight: UTHR, DENN, PNK, CTFO, AVII

December 17, 2011 | About:
GuruCT

GuruCT

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

United Therapeutics Corp. (UTHR): CEO Martine A Rothblatt Bought 51,516 Shares

CEO of United Therapeutics Corp. (UTHR) Martine A Rothblatt bought 51,516 shares during the past week at an average price of $43.24. UTD THERAPEUTIC is a biotechnology company focused on combating cardiovascular, inflammatory, and infectious diseases with unique therapeutic products. United Therapeutics Corp. has a market cap of $2.5 billion; its shares were traded at around $43.24 with a P/E ratio of 14.2 and P/S ratio of 4.1.

Total revenues for the quarter ended September 30, 2011 were $201.7 million, up from $168.6 million for the quarter ended September 30, 2010. Net income for the quarter ended September 30, 2011 was $84.4 million or $1.45 per basic share, compared to $39.7 million or $0.70 per basic share for the same quarter in 2010. Gross margin from sales was $178.3 million for the quarter ended September 30, 2011 , compared to $148.1 million for the same quarter last year. Earnings before non-cash charges(1) for the quarter ended September 30, 2011 were $100.8 million, compared to $99.3 million for the quarter ended September 30, 2010.

Joel Greenblatt owns 65,122 shares as of 09/30/2011, an increase of 274.82% from the previous quarter. This position accounts for 0.3977% of the $614 million portfolio of Gotham Capital. Edward Owens owns 1,787,000 shares as of 09/30/2011, an increase of 77.9% from the previous quarter. This position accounts for 0.3654% of the $18.34 billion portfolio of Vanguard Health Care Fund.

CFO John Maxim Ferrari sold 5,500 shares of UTHR stock on 08/04/2011 at the average price of 51.01. The price of the stock has decreased by 15.23% since. Other insiders have also reduced their positions in the company.

Denny's Corp. (DENN): CEO and President John C Miller Bought 130,000 Shares

CEO and President of Denny's Corp. (DENN) John C Miller bought 130,000 shares during the past week at an average price of $3.84. Denny's Corp., formerly Advantica Restaurant Group, Inc. Denny's Corp. has a market cap of $388.8 million; its shares were traded at around $3.84 with a P/E ratio of 12.6 and P/S ratio of 0.6.

For the third quarter of 2011, Denny's total operating revenue, including company restaurant sales and franchise revenue, decreased by $3.2 million to $136.7 million compared with $139.9 million in the prior year quarter. Company restaurant sales decreased $2.5 million due to eight fewer equivalent company restaurants compared with the prior year quarter, partially offset by the increase in same-store sales for the quarter.

Richard Aster Jr bought 1,135,700 shares in the quarter that ended on 09/30/2011, which is 0.141% of the $2.68 billion portfolio of Meridian Fund. Mario Gabelli owns 665,000 shares as of 09/30/2011, which accounts for 0.0202% of the $10.95 billion portfolio of GAMCO Investors. John Keeley owns 8,547,568 shares as of 09/30/2011, which accounts for 0.6447% of the $4.42 billion portfolio of Keeley Fund Management.

Director George Weaver Haywood bought 25,000 shares of DENN stock on 09/16/2011 at the average price of 3.63. George Weaver Haywood owns at least 25,000 shares after this. The price of the stock has increased by 5.79% since. Other insiders have also increased their positions in the company.

Pinnacle Entertainment Inc. (PNK): President and CEO Anthony Michael Sanfilippo Bought 40,000 Shares

President and CEO of Pinnacle Entertainment Inc. (PNK) Anthony Michael Sanfilippo bought 40,000 shares on 12/13/2011 at an average price of $9.48. 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 $635.2 million; its shares were traded at around $9.48 with a P/E ratio of 20.8 and P/S ratio of 0.6.

Pinnacle Entertainment recently reported its third quarter 2011 results. Third quarter revenues increased 7.2%, or $20.0 million, to $295.9 million from $275.9 million in the third quarter of 2010.

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 12/15/2011 at the average price of 9.12. Carlos Ruisanchez owns at least 84,660 shares after this. The price of the stock has increased by 3.95% since. Other insiders have also increased their positions in the company.

China TransInfo Technology Corp. (CTFO): CEO and President, 10% Owner Shudong Xia Bought 57,308 Shares

CEO and President, 10% Owner of China TransInfo Technology Corp. (CTFO) Shudong Xia bought 57,308 shares during the past week at an average price of $3.51. CHINA TRANSINFO, through its subsidiary Beijing PKU ChinaFront High Technology Co. China Transinfo Technology Corp. has a market cap of $88.9 million; its shares were traded at around $3.51 with a P/E ratio of 5.9 and P/S ratio of 0.7. China Transinfo Technology Corp. had an annual average earnings growth of 60% over the past 5 years.

AVI BioPharma Inc. (AVII): President and CEO Christopher Nishan Garabedian Bought 300,000 Shares

President and CEO of AVI BioPharma Inc. (AVII) Christopher Nishan Garabedian bought 300,000 shares on 12/15/2011 at an average price of $0.56. AVI BioPharma is focused on the discovery and development of novel RNA-based therapeutics for rare and infectious diseases, as well as other select disease targets. Avi Biopharma Inc. has a market cap of $73.9 million; its shares were traded at around $0.56 with and P/S ratio of 2.6.

AVI reported an operating loss of $11.3 million compared with an operating loss of $3.8 million in the third quarter of 2010. The increase in the quarterly operating loss was primarily the result of increased research and development expenses of $6.5 million and lower government contract revenue of $1.2 million.

Jean-Marie Eveillard owns 300,000 shares as of 09/30/2011, an increase of 50% from the previous quarter. This position accounts for 0.0017% of the $20.08 billion portfolio of First Eagle Investment Management, LLC.

Director Anthony R Chase bought 20,000 shares of AVII stock on 09/13/2011 at the average price of 1.2. Anthony R Chase owns at least 416,467 shares after this.

  • 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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