Jim Simons' Stock Charm Communications Jumps 26.5%
Simons, founder of private investment firm Renaissance Technologies LLC, owns 21,000 shares of Charm Communications.
For fiscal year 2011, Charm's total advertising turnover or billings grew 37% to $875 million, 2.5% higher than the rate of China's overall advertising market. GAAP revenues for 2011 grew 45.6% to approximately $280.1 million. Gross profit grew 23.2% to approximately $84.5 million and the gross profit margin for 2011 was 30.2% compared to 35.7% for 2010.
See Jim Simons' complete portfolio here.