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Weekly CEO Buys Highlight: LTM, S, HBAN, ZEP, EVAP

April 29, 2012 | About:
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GuruFocus

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According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:

Life Time Fitness (LTM): Chairman, President and CEO Bahram Akradi Bought 16,905 Shares

Chairman, President and CEO of Life Time Fitness (LTM) Bahram Akradi bought 16,905 shares on 04/24/2012 at an average price of $47.07. Life Time Fitness operates distinctive and large sports, athletic, fitness and family recreation centers. Life Time Fitness has a market cap of $1.95 billion; its shares were traded at around $47.07 with a P/E ratio of 19.3 and P/S ratio of 1.9. Life Time Fitness had an annual average earnings growth of 12.4% over the past 10 years.

LTM recently reported its first quarter 2012 results. First quarter 2012 revenue grew 11.6% to $268.4 million from $240.6 million during the same period last year. Net income for the quarter was $25.7 million, or $0.62 per diluted share, compared to net income of $20.8 million, or $0.51 per diluted share, for 1Q 2011.

Joel Greenblatt owns 11,440 shares as of 12/31/2011, which accounts for 0.065% of the $829 million portfolio of Gotham Capital. David Dreman owns 716,566 shares as of 12/31/2011, which accounts for 0.76% of the $4.42 billion portfolio of Dreman Value Management.

Exec Vice President and CFO Michael R Robinson sold 27,100 shares of LTM stock on 03/13/2012 at the average price of 49.5. Michael R Robinson owns at least 160,139 shares after this. The price of the stock has decreased by 4.91% since. Other insiders have also decreased their positions in the company.

Sprint Nextel (S): President & CEO Daniel Hesse Bought 50,000 Shares

President & CEO of Sprint Nextel (S) Daniel Hesse bought 50,000 shares on 04/26/2012 at an average price of $2.37. Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel has a market cap of $7.12 billion; its shares were traded at around $2.37 with and P/S ratio of 0.2.

Sprint recently reported a net loss of $863 million and a diluted net loss of $.29 per share for the first quarter of 2012. This compares to a net loss of $439 million and a diluted net loss of $.15 per share in the first quarter of 2011.

Donald Smith owns 675,750 shares as of 12/31/2011, which accounts for 0.049% of the $3.23 billion portfolio of Donald Smith & Co.. Ken Fisher owns 12,996 shares as of 03/31/2012, which accounts for less than 0.01% of the $37.47 billion portfolio of Fisher Asset Management, LLC. David Einhorn owns 73,765,000 shares as of 12/31/2011, which accounts for 3.3% of the $5.23 billion portfolio of Greenlight Capital. Joel Greenblatt sold out his holdings in the quarter that ended on 12/31/2011.

Huntington Banc (HBAN): President, CEO & Chairman Stephen D Steinour Bought 18,150 Shares

President, CEO & Chairman of Huntington Banc (HBAN) Stephen D Steinour bought 18,150 shares on 04/23/2012 at an average price of $6.73. Huntington Bancshares is a multi-state bank holding company. Huntington Banc has a market cap of $5.68 billion; its shares were traded at around $6.73 with a P/E ratio of 10.4 and P/S ratio of 1.9. The dividend yield of Huntington Banc stocks is 2.4%.

HBAN recently reported 2012 first quarter net income of $153.3 million, up $26.4 million, or 21%, from $126.9 million in the prior quarter. Earnings per common share in the current quarter were $0.17, up $0.03 from the prior quarter. Net income in the year-ago quarter was $126.4 million, or $0.14 per common share.

Arnold Schneider owns 4,458,606 shares as of 12/31/2011, a decrease of 27.24% of from the previous quarter. This position accounts for 2.1% of the $1.14 billion portfolio of Schneider Capital Management. Ray Dalio owns 139,131 shares as of 12/31/2011, a decrease of 37.2% of from the previous quarter. This position accounts for 0.013% of the $5.97 billion portfolio of Bridgewater Associates.

Regional Banking Group Pres. James E Dunlap bought 3,000 shares of HBAN stock on 04/23/2012 at the average price of 6.44. James E Dunlap owns at least 222,275 shares after this. The price of the stock has increased by 4.5% since.

Zep Inc (ZEP): Chairman President & CEO John K Morgan Bought 7,500 Shares

Chairman President & CEO of Zep Inc (ZEP) John K Morgan bought 7,500 shares on 04/23/2012 at an average price of $14.54. Zep Inc. is a producer, marketer, and service provider of a wide range of cleaning and maintenance solutions for commercial, industrial, institutional, and consumer end-markets. Zep Inc has a market cap of $316.8 million; its shares were traded at around $14.54 with a P/E ratio of 17.4 and P/S ratio of 0.5. The dividend yield of Zep Inc stocks is 1.1%.

Joel Greenblatt owns 30,037 shares as of 12/31/2011, an increase of 12.77% from the previous quarter. This position accounts for 0.051% of the $829 million portfolio of Gotham Capital. Mario Gabelli owns 2,749,581 shares as of 12/31/2011, which accounts for 0.31% of the $12.57 billion portfolio of GAMCO Investors. John Keeley owns 1,743,995 shares as of 12/31/2011, which accounts for 0.51% of the $4.78 billion portfolio of Keeley Fund Management.

Ev Energy Ptnr (EVEP): President and CEO Mark A Houser Bought 1,500 Shares

President and CEO of Ev Energy Ptnr (EVEP) Mark A Houser bought 1,500 shares on 04/19/2012 at an average price of $63.86. EV Energy Partners is an upstream Master Limited Partnership focused on acquiring and operating oil and gas properties within the continental United States. Ev Energy Ptnr has a market cap of $2.44 billion; its shares were traded at around $63.86 with a P/E ratio of 26.7 and P/S ratio of 9.3. The dividend yield of Ev Energy Ptnr stocks is 4.8%. Ev Energy Ptnr had an annual average earnings growth of 18.3% over the past 5 years.

Ev Energy recently reported its full year and fourth quarter 2011 results. Adjusted EBITDAX and distributable cash flow for 2011 were $212.4 million and $126.2 million, increases of 43 percent and 34 percent, respectively, over 2010. The increase in Adjusted EBITDAX and Distributable Cash Flow are primarily due to acquisitions made in 2010 and 2011 and higher realized oil and NGL prices partially offset by lower realized gas prices.

Exec Chairman of the Board John B Walker bought 10,000 shares of EVEP stock on 04/18/2012 at the average price of 59.02. John B Walker owns at least 867,932 shares after this. The price of the stock has increased by 8.2% since.

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