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

December 23, 2011 | About:
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

SEACOR Holdings Inc. (CKH): 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): 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): 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): 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): 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.

About the author:

GuruCT
Mariusz Skonieczny is the founder and president of Classic Value Investors, LLC, an investment management firms that builds and manages customized investment portfolios for its clients. He is the author of Why Are we So Clueless about the Stock Market? Learn How to Invest Your Money, How to Pick Stocks, and How to Make Money in the Stock Market. Email: mskonieczny [at] classicvalueinvestors [dot] com. Webpage: www.classicvalueinvestors.com

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