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Weekly CFO Sells Highlight: SWN, BECN, NSIT, HOLX, QLTI, THRX

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According to GuruFocus Insider Data, the largest CFO sells during the past week were: Southwestern Energy Company, Beacon Roofing Supply Inc., Insight Enterprises Inc., Hologic Inc., QLT Inc. and Theravance Inc.

Southwestern Energy Company (SWN): Executive Vice President and CFO Gregory D. Kerley Sold 193,861 Shares

Executive Vice President and CFO Gregory D. Kerley sold 193,861 shares of SWN stock on 08/07/2012 at the average price of $31.25. Gregory D. Kerley owns at least 1,236,236 shares after this. The price of the stock has increased by 1.15% since.

Southwestern Energy Company is an energy company primarily focused on natural gas. Southwestern Energy Company has a market cap of $11.19 billion; its shares were traded at around $31.61 with a P/E ratio of 21.1 and P/S ratio of 3.8. Southwestern Energy Company had an annual average earnings growth of 26% over the past 10 years. GuruFocus rated Southwestern Energy Company the business predictability rank of 3.5-star.

Southwestern Energy Company recently released its second quarter 2012 results. For this quarter, the company reported net loss of $488.1 million ($1.40 per share), including a $935.9 million non-cash ceiling test impairment. Adjusted net income was $90.8 million ($0.28 per share), compared to income of $167.5 million ($0.48 per share) prior year quarter.

Director Harold M. Korell sold 390,192 shares of SWN stock on 08/08/2012 at the average price of $31.95.

Beacon Roofing Supply Inc. (BECN): CFO, Treasurer and Executive Vice President Finance David R. Grace Sold 157,494 Shares

CFO, Treasurer and Executive Vice President Finance David R. Grace sold 157,494 shares of BECN stock on 08/09/2012 at the average price of $25.88. David R. Grace owns at least 86,840 shares after this. The price of the stock has increased by 0.77% since.

Beacon Roofing Supply Inc. is one of the largest distributors of residential and non-residential roofing materials in the U.S. and Canada. Beacon Roofing Supply Inc. has a market cap of $1.22 billion; its shares were traded at around $26.08 with a P/E ratio of 15.9 and P/S ratio of 0.7. Beacon Roofing Supply Inc. had an annual average earnings growth of 6.8% over the past 10 years.

Beacon Roofing Supply Inc reported third quarter 2012 sales of $561 million, compared to $541 million in the same period last year. Third quarter EPS was $0.53, compared to $0.51 prior year quarter. Cash flow from operations during this quarter was $35.3 million compared to $37.7 million in 2011.

Vice President and Chief Accounting Officer Rick C. Welker sold 1,539 shares of BECN stock on 08/10/2012 at the average price of $25.75. Rick C. Welker owns at least 800 shares after this. The price of the stock has increased by 1.28% since.

Insight Enterprises Inc. (NSIT): CFO Glynis Bryan Sold 108,145 Shares

CFO Glynis Bryan sold 108,145 shares of NSIT stock on 08/08/2012 at the average price of $18.27. Glynis Bryan owns at least 116,654 shares after this. The price of the stock has increased by 0.11% since.

Insight is a global direct marketer of brand name computers, hardware and software. Insight Enterprises Inc. has a market cap of $815.8 million; its shares were traded at around $18.29 with a P/E ratio of 8.2 and P/S ratio of 0.2. Insight Enterprises, Inc. had an annual average earnings growth of 7.1% over the past five years.

Insight Enterprises Inc. has released its second quarter 2012 earnings results. In this quarter, the company saw a 4% increase in net sales to $1.53 billion compared to last year. Gross profit decreased 1% from prior year quarter to $201.3 million, while Net earnings remained flat at $35.3 million. Diluted EPS was $0.79, a 5% increase over the same quarter last year.

CEO Kenneth T. Lamneck sold 20,000 shares of NSIT stock on 08/06/2012 at the average price of $18.32. Other insiders have also recently sold shares of NSIT stock.

Hologic Inc. (HOLX): Executive Vice President and CFO Glenn P. Muir Sold 68,750 Shares

Executive Vice President and CFO Glenn P. Muir sold 68,750 shares of HOLX stock on 08/08/2012 at the average price of $19.69. Glenn P. Muir owns at least 773,414 shares after this. The price of the stock has increased by 0.96% since.

Hologic Inc. is a supplier of high quality, innovative and clinically valuable diagnostic systems and tests. Hologic Inc. has a market cap of $5.27 billion; its shares were traded at around $19.88 with a P/E ratio of 14.6 and P/S ratio of 2.9.

Hologic Inc. reported third quarter 2012 revenues of $470.2 million, an increase of 4.2% when compared to last year. Third quarter GAAP net income was $23.6 million ($0.09 per share), compared with income of $36.2 million ($0.14 per share) prior year quarter.

Other insiders have also recently sold HOLX stock.

QLT Inc. (USA) (QLTI): Interim CFO Sukhi Jagpal Sold 67,000 Shares

Interim CFO Sukhi Jagpal sold 67,000 shares of QLTI stock on 08/03/2012 at the average price of $8.19. Sukhi Jagpal owns at least 1,200 shares after this. The price of the stock has decreased by 7.45% since.

QLT PhotoTherapeutics Inc. is engaged in the development and commercialization of proprietary pharmaceutical products for use in photodynamic therapy, an emerging field of medicine utilizing light-activated drugs in the treatment of disease. QLT Inc. (usa) has a market cap of $377.4 million; its shares were traded at around $7.58 with and P/S ratio of 8.9.

Theravance Inc. (THRX): Senior Vice President and CFO Michael W. Aguiar Sold 60,000 Shares

Senior Vice President and CFO Michael W. Aguiar sold 60,000 shares of THRX stock on 08/07/2012 at the average price of $27.04. Michael W. Aguiar owns at least 157,924 shares after this. The price of the stock has decreased by 3.22% since.

Theravance Inc. is focused on the discovery, development and commercialization of small molecule medicines for unmet medical needs across a number of therapeutic areas including respiratory disease, bacterial infections, overactive bladder and gastrointestinal disorders. Theravance Inc. has a market cap of $2.24 billion; its shares were traded at around $26.17 with and P/S ratio of 91.6.

Theravance Inc. reported second quarter 2012 revenues of $1.4 million, and net loss of $37.1 million ($0.42 per share).

CEO Rick E. Winningham sold 75,749 shares of THRX stock on 08/03/2012 at the average price of $27.95.

For the complete list of stocks that were sold by their CFOs, go to: Insider Buys.

Rating: 4.3/5 (4 votes)

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