Carl Icahn Added 7.44% to His Stake in Forest Laboratories at the Average Price of $34
Several gurus hold positions in FRX. Richard Pzena owns 11,128 shares as of 06/30/2012, an increase of 231.88% from the previous quarter. This position accounts for 0.0045% of the $8.56 billion portfolio of Pzena Investment Management LLC. Joel Greenblatt owns 379,743 shares as of 06/30/2012, which accounts for 0.98% of the $1.36 billion portfolio of Gotham Capital. John Hussman owns 350,000 shares as of 06/30/2012, which accounts for 0.23% of the $5.32 billion portfolio of Hussman Economtrics Advisors.
Forest Laboratories recently announced that reported earnings per share equaled $0.21 in the first quarter of fiscal 2013. Reported earnings per share in the first quarter of fiscal 2012 were $0.90 after a charge of $40.0 million or $0.14 per share net of tax. Net sales for the quarter decreased 31.9% to $751.8 million, from $1.1 billion in the year-ago period.
Director Lester B. Salans sold 2,390 shares of FRX stock on 04/18/2012 at the average price of $34.30. Lester B. Salans owns at least 21,512 shares after this. The price of the stock has increased by 1.05% since. Other insiders have also decreased their positions in the company.