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Weekly CEO Buys Highlight: SYMC, TDY, PNK, FNFG, OCR

August 04, 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:

Symantec Corporation (SYMC): Chairman, President & CEO Stephen M Bennett Bought 89,300 Shares

Chairman, President & CEO of Symantec Corporation (SYMC) Stephen M Bennett bought 89,300 shares on 07/31/2012 at an average price of $16.8. Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies.

Symantec Corporation has a market cap of $11.49 billion; its shares were traded at around $16.8 with a P/E ratio of 11.3 and P/S ratio of 1.7. Symantec Corporation had an annual average earnings growth of 13.2% over the past 10 years. GuruFocus rated Symantec Corporation the business predictability rank of 4-star.

SYMC recently reported the results of its first quarter of fiscal year 2013, ended June 29, 2012. GAAP revenue for the fiscal first quarter was $1.668 billion, up 1 percent year-over-year and up 4 percent after adjusting for currency.

Dodge & Cox owns 60,000,966 shares as of 03/31/2012, which accounts for 1.4% of the $78.02 billion portfolio of Dodge & Cox. David Dreman owns 207,990 shares as of 03/31/2012, which accounts for 0.081% of the $4.79 billion portfolio of Dreman Value Management. HOTCHKIS & WILEY owns 549,800 shares as of 03/31/2012, which accounts for 0.061% of the $16.79 billion portfolio of Hotchkis & Wiley Capital Management LLC.

EVP and CFO James A Beer sold 1,175 shares of SYMC stock on 06/01/2012 at the average price of 14.49. James A Beer owns at least 266,188 shares after this. The price of the stock has increased by 15.94% since. Other insiders have also decreased their positions in the company.

Teledyne Technologies Incorporated (TDY): Chairman, Pres. & CEO Robert Mehrabian Bought 10,000 Shares

Chairman, Pres. & CEO of Teledyne Technologies Incorporated (TDY) Robert Mehrabian bought 10,000 shares on 07/30/2012 at an average price of $64.03. Teledyne Technologies Inc. is a provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components.

Teledyne Technologies Incorporated has a market cap of $2.34 billion; its shares were traded at around $64.03 with a P/E ratio of 16.5 and P/S ratio of 1.2. Teledyne Technologies Incorporated had an annual average earnings growth of 17.6% over the past 10 years. GuruFocus rated Teledyne Technologies Incorporated the business predictability rank of 3-star.

Teledyne recently reported second quarter 2012 sales from continuing operations of $518.5 million, compared with sales of $502.9 million for the second quarter of 2011, an increase of 3.1%. Net income from continuing operations was $39.5 million ($1.06 per diluted share) for the second quarter of 2012, compared with $38.7 million ($1.04 per diluted share) for the second quarter of 2011, an increase of 2.1%.

John Keeley owns 389,280 shares as of 03/31/2012, a decrease of 26.24% of from the previous quarter. This position accounts for 0.5% of the $4.94 billion portfolio of Keeley Fund Management. Ken Fisher owns 517,821 shares as of 06/30/2012, a decrease of 38.17% of from the previous quarter. This position accounts for 0.092% of the $34.66 billion portfolio of Fisher Asset Management, LLC. Joel Greenblatt sold out his holdings in the quarter that ended on 03/31/2012.

Director Paul David Miller sold 4,000 shares of TDY stock on 02/24/2012 at the average price of 61.01. Paul David Miller owns at least 9,710 shares after this. The price of the stock has increased by 4.95% since.

Pinnacle Entertainment, Inc (PNK): President and CEO Anthony Michael Sanfilippo Bought 25,100 Shares

President and CEO of Pinnacle Entertainment, Inc (PNK) Anthony Michael Sanfilippo bought 25,100 shares on 07/26/2012 at an average price of $10.92. Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. Pinnacle Entertainment, Inc has a market cap of $643.1 million; its shares were traded at around $10.92 with a P/E ratio of 9.1 and P/S ratio of 0.6.

Mario Gabelli owns 754,905 shares as of 03/31/2012, which accounts for 0.062% of the $13.95 billion portfolio of GAMCO Investors. Joel Greenblatt sold out his holdings in the quarter that ended on 03/31/2012.

Pinnacle Entertainment recently reported its second quarter 2012 financial results. Revenues increased $8.9 million or 3.1% year over year to $298.3 million. Consolidated Adjusted EBITDA increased $14.5 million or 24.7% year over year to $73.2 million.

EVP and CFO Carlos Ruisanchez bought 20,000 shares of PNK stock on 07/26/2012 at the average price of 9.62. Carlos Ruisanchez owns at least 118,890 shares after this. The price of the stock has increased by 13.51% since.

First Niagara Financial Group Inc. (FNFG): President & CEO John R Koelmel Bought 25,000 Shares

President & CEO of First Niagara Financial Group Inc. (FNFG) John R Koelmel bought 25,000 shares on 08/01/2012 at an average price of $7.82. First Niagara Financial Group, Inc. is a multi-bank holding company and is the parent of First Niagara Bank, Cortland Savings Bank and Cayuga Bank. First Niagara Financial Group Inc. has a market cap of $2.54 billion; its shares were traded at around $7.82 with a P/E ratio of 8.5 and P/S ratio of 1.9. The dividend yield of First Niagara Financial Group Inc. stocks is 4.4%. First Niagara Financial Group Inc. had an annual average earnings growth of 3.5% over the past 10 years.

Richard Snow owns 4,095,307 shares as of 03/31/2012, an increase of 21168.8% from the previous quarter. This position accounts for 1.9% of the $2.14 billion portfolio of Snow Capital Management, L.P.. John Keeley owns 3,898,906 shares as of 03/31/2012, an increase of 18.4% from the previous quarter. This position accounts for 0.78% of the $4.94 billion portfolio of Keeley Fund Management.

FNFG recently reported its first quarter 2012 financial results. In the first quarter of 2012, First Niagara posted non-GAAP operating net income available to common shareholders of $64.9 million, or $0.19 per diluted share, compared to $0.24 per share in the fourth quarter of 2011.

CFO Gregory W Norwood bought 10,000 shares of FNFG stock on 08/02/2012 at the average price of 7.47. Gregory W Norwood owns at least 93,523 shares after this. The price of the stock has increased by 4.69% since. Other insiders have also increased their positions in the company.

Omnicare, Inc. (OCR): Interim CEO, President & CFO John L Workman Bought 5,000 Shares

Interim CEO, President & CFO of Omnicare, Inc. (OCR) John L Workman bought 5,000 shares on 07/30/2012 at an average price of $31.32. Omnicare, Inc., a Fortune five hundred company based in Covington, Kentucky, is a provider of pharmaceutical care for the elderly. Omnicare, Inc. has a market cap of $3.5 billion; its shares were traded at around $31.32 with a P/E ratio of 11.2 and P/S ratio of 0.6. The dividend yield of Omnicare, Inc. stocks is 0.9%.

Ray Dalio owns 101,281 shares as of 03/31/2012, an increase of 1622.17% from the previous quarter. This position accounts for 0.056% of the $6.43 billion portfolio of Bridgewater Associates. HOTCHKIS & WILEY owns 1,376,484 shares as of 03/31/2012, an increase of 374.68% from the previous quarter. This position accounts for 0.29% of the $16.79 billion portfolio of Hotchkis & Wiley Capital Management LLC. Jean-Marie Eveillard owns 2,001,000 shares as of 03/31/2012, an increase of 11.99% from the previous quarter. This position accounts for 0.28% of the $25.09 billion portfolio of First Eagle Investment Management, LLC.

OCR recently reported its second quarter 2012 financial results. Net sales was $1,536.0 million versus $1,555.9 million in the second quarter of 2011. Gross profit was $367.3 million as compared with $336.4 million in the second quarter of 2011.

Interim CEO, President & CFO John L Workman bought 5,000 shares of OCR stock on 07/30/2012 at the average price of 31.14. John L Workman owns at least 231,152 shares after this. The price of the stock has increased by 0.58% 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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Rating: 3.4/5 (5 votes)

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