Weekly CEO Buys Highlight: CKH, UTHR, DRL, VAC, DENN

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Dec 23, 2011
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

SEACOR Holdings Inc. (CKH, Financial): CEO Oivind Lorentzen Bought 45,500 Shares

CEO of SEACOR Holdings Inc. (CKH) Oivind Lorentzen bought 45,500 shares on 12/19/2011 at an average price of $90.87. SEACOR and its subsidiaries are engaged in the operation of a diversified fleet of offshore support vessels that service oil and gas exploration and development activities. Seacor Holdings Inc. has a market cap of $1.97 billion; its shares were traded at around $90.87 with a P/E ratio of 38 and P/S ratio of 0.7. Seacor Holdings Inc. had an annual average earnings growth of 24.2% over the past 10 years. GuruFocus rated Seacor Holdings Inc. the business predictability rank of 2.5-star.

Third Avenue Management owns 480,402 shares as of 09/30/2011, an increase of 32.09% from the previous quarter. This position accounts for 0.9709% of the $3.97 billion portfolio of Third Avenue Management. Joel Greenblatt owns 19,131 shares as of 09/30/2011, an increase of 23.65% from the previous quarter. This position accounts for 0.2499% of the $614 million portfolio of Gotham Capital.

SVP, Corp. Develop. & Finance Dick Fagerstal bought 2,300 shares of CKH stock on 08/18/2011 at the average price of 85.39. Dick Fagerstal owns at least 37,889 shares after this. The price of the stock has increased by 6.42% since. Other insiders have reduced their positions in the company.

United Therapeutics Corp. (UTHR, Financial): CEO Martine A Rothblatt Bought 37,490 Shares

CEO of United Therapeutics Corp. (UTHR) Martine A Rothblatt bought 37,490 shares during the past week at an average price of $46.18. 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 $2.69 billion; its shares were traded at around $46.18 with a P/E ratio of 15.2 and P/S ratio of 4.4.

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.

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 9.47% since. Other insiders have also decreased their positions in the company.

Doral Financial Corp. (DRL, Financial): President and CEO Glen Wakeman Bought 735,835 Shares

President and CEO of Doral Financial Corp. (DRL) Glen Wakeman bought 735,835 shares on 12/16/2011 at an average price of $0.8101. Doral Financial Corporation is primarily engaged in a wide range of mortgage banking activities, including the origination, purchase, sale and servicing of mortgage loans on single-family residences, the issuance and sale of various types of mortgage-backed securities, the holding and financing of mortgage loans, mortgage-backed securities and other investment securities for sale or investment, the purchase and sale of servicing rights associated with such mortgage loans and, to a lesser extent, the origination of construction loans and mortgage loans. Doral Financial Corp. has a market cap of $103.2 million; its shares were traded at around $0.8101 with and P/S ratio of 0.2.

Marriott Vacations Worldwide (VAC, Financial): President & CEO Stephen P Weisz Bought 16,500 Shares

President & CEO of Marriott Vacations Worldwide (VAC) Stephen P Weisz bought 16,500 shares on 12/22/2011 at an average price of $17.42. Marriott Vacations Worldwide has a market cap of $587.2 million; its shares were traded at around $17.42 .

Exec. VP and CFO John E Jr Geller bought 10,000 shares of VAC stock on 12/20/2011 at the average price of 18.54. John E Jr Geller owns at least 10,533 shares after this. The price of the stock has decreased by 6.04% since. Other insiders have also decreased their positions in the company.

Denny's Corp. (DENN, Financial): CEO and President John C Miller Bought 49,000 Shares

CEO and President of Denny's Corp. (DENN) John C Miller bought 49,000 shares on 12/16/2011 at an average price of $3.96. Denny's Corp., formerly Advantica Restaurant Group, Inc. Denny's Corp. has a market cap of $381.6 million; its shares were traded at around $3.96 with a P/E ratio of 12.3 and P/S ratio of 0.7.

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 9.09% since.