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Weekly CEO Buys Highlight: CLR, FCH, SFLY, AES, BECN

May 19, 2012 | About:
gurufocus

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:

Contl Resources (NYSE:CLR): CEO & Chairman, 10% Owner Harold Hamm Bought 100,000 Shares

CEO & Chairman, 10% Owner of Contl Resources (NYSE:CLR) Harold Hamm bought 100,000 shares on 05/16/2012 at an average price of $71.31. CONTINENTAL RESOURCES is a crude-oil concentrated, independent oil and natural gas exploration and production company with operations in the Rocky Mountain, Mid-Continent and Gulf Coast regions of the United States. Contl Resources has a market cap of $13.96 billion; its shares were traded at around $71.31 with a P/E ratio of 26.4 and P/S ratio of 8.5. Contl Resources had an annual average earnings growth of 18.2% over the past 5 years.

CLR recently announced its first quarter 2012 results. The company reported Adjusted EBITDA (a non-GAAP measure) of $345.7 million for the first quarter of 2012 compared to $305.8 million in the first quarter of 2011, a 13% increase.

Meridian Funds owns 532,015 shares as of 03/31/2012, which accounts for 1.4% of the $3.37 billion portfolio of Meridian Fund. Mario Gabelli owns 12,880 shares as of 03/31/2012, which accounts for 0.0079% of the $13.95 billion portfolio of GAMCO Investors. John Keeley owns 326,935 shares as of 03/31/2012, a decrease of 20.96% of from the previous quarter. This position accounts for 0.57% of the $4.94 billion portfolio of Keeley Fund Management.

Sr. VP & CFO John D Hart sold 4,000 shares of CLR stock on 12/02/2011 at the average price of 70.5. John D Hart owns at least 79,892 shares after this. The price of the stock has increased by 1.15% since. Other insiders have also decreased their positions in the company.

Felcor Lodging (NYSE:FCH): President and CEO Richard Allen Smith Bought 173,565 Shares

President and CEO of Felcor Lodging (NYSE:FCH) Richard Allen Smith bought 173,565 shares during the past week at an average price of $3.99. FelCor Lodging Trust Inc., a real estate investment trust, is one of the nation's largest owners of upper-upscale, all-suite hotels. Felcor Lodging has a market cap of $574.6 million; its shares were traded at around $3.99 with a P/E ratio of 35.5 and P/S ratio of 0.6.

FCH recently reported its first quarter 2011 results. Hotel EBITDA was $48.2 million, 3.5% higher than $46.6 million for the same period in 2011.

John Paulson owns 5,700,000 shares as of 03/31/2012, which accounts for 0.14% of the $14.96 billion portfolio of Paulson & Co. Arnold Schneider owns 737,790 shares as of 03/31/2012, a decrease of 77.56% of from the previous quarter. This position accounts for 0.22% of the $1.23 billion portfolio of Schneider Capital Management.

Executive VP & CFO Andrew J Welch bought 15,290 shares of FCH stock on 05/17/2012 at the average price of 4.5. Andrew J Welch owns at least 381,263 shares after this. The price of the stock has decreased by 11.33% since. Other insiders have also increased their positions in the company.

Shutterfly Inc (NASDAQ:SFLY): PRESIDENT & CEO Jeffrey T Housenbold Bought 30,000 Shares

PRESIDENT & CEO of Shutterfly Inc (NASDAQ:SFLY) Jeffrey T Housenbold bought 30,000 shares on 05/14/2012 at an average price of $23.75. Shutterfly, Inc. is an Internet-based social expression and personal publishing service. Shutterfly Inc has a market cap of $927.4 million; its shares were traded at around $23.75 with a P/E ratio of 45.9 and P/S ratio of 2. Shutterfly Inc had an annual average earnings growth of 10.3% over the past 5 years.

SFLY recently reported its first quarter 2012 results. Net revenues totaled $91.3 million, a 60% year-over-year increase. First quarter 2012 represents the 45th consecutive quarter of year-over-year net revenue growth.

George Soros bought 150,000 shares in the quarter that ended on 03/31/2012, which is 0.069% of the $6.84 billion portfolio of Soros Fund Management LLC. PRIMECAP Management bought 760,355 shares in the quarter that ended on 03/31/2012, which is 0.035% of the $67.24 billion portfolio of PRIMECAP Management. Ron Baron owns 189,900 shares as of 03/31/2012, a decrease of 24.04% of from the previous quarter. This position accounts for 0.036% of the $16.69 billion portfolio of Baron Funds.

Director James N White bought 35,000 shares of SFLY stock on 11/30/2011 at the average price of 27.6. James N White owns at least 126,508 shares after this. The price of the stock has decreased by 13.95% since. Other insiders have also decreased their positions in the company.

Aes Corp (NYSE:AES): President and CEO Andres Gluski Bought 41,667 Shares

President and CEO of Aes Corp (NYSE:AES) Andres Gluski bought 41,667 shares on 05/09/2012 at an average price of $11.95. AES Corporation and its subsidiaries and affiliates are a global power company committed to serving the world's needs for electricity in a socially responsible way. Aes Corp has a market cap of $9.48 billion; its shares were traded at around $11.95 with a P/E ratio of 11.8 and P/S ratio of 0.6.

Mario Gabelli owns 718,500 shares as of 03/31/2012, an increase of 19.75% from the previous quarter. This position accounts for 0.067% of the $13.95 billion portfolio of GAMCO Investors. Joel Greenblatt sold out his holdings in the quarter that ended on 03/31/2012. Ray Dalio sold out his holdings in the quarter that ended on 03/31/2012.

Vice President Human Resources Rita Trehan bought 4,250 shares of AES stock on 05/09/2012 at the average price of 11.79. Rita Trehan owns at least 33,968 shares after this. The price of the stock has increased by 1.36% since.

Beacon Roofing (NASDAQ:BECN): President & CEO Paul Isabella Bought 19,600 Shares

President & CEO of Beacon Roofing (NASDAQ:BECN) Paul Isabella bought 19,600 shares on 05/11/2012 at an average price of $24.2. Beacon Roofing Supply, Inc. is one of the largest distributors of residential and non-residential roofing materials in the United States and Canada. Beacon Roofing has a market cap of $1.18 billion; its shares were traded at around $24.2 with a P/E ratio of 16.6 and P/S ratio of 0.7. Beacon Roofing had an annual average earnings growth of 6.8% over the past 10 years.

BECN recently reported its second quarter 2012 results. Total sales increased 33.4% to $395.2 million in 2012 from $296.3 million in 2011. Existing market (organic) sales, which exclude branches acquired after the beginning of last year's second quarter, increased 28.2%.

Chairman Robert R Buck sold 64,900 shares of BECN stock on 05/11/2012 at the average price of 25.35. Robert R Buck owns at least 53,817 shares after this. The price of the stock has decreased by 4.54% since. Other insiders have also decreased their positions in the company.

  • 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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