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Weekly Guru Bargains Highlights: SAVE, HNT, MRVL, PAY, HK

September 15, 2012 | About:
GuruFocus

GuruFocus

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According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

Spirit Airlines Incorporated (SAVE): Down 21% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2012-06-30

Manning & Napier Advisors, Inc added to his holdings in Oil Equipment & Services company Spirit Airlines Incorporated by 447.95% during the quarter ended 06/30/2012. His purchase prices were between $17.94 and $23.9, with an estimated average price of $20.93. Since then the prices of Spirit Airlines Incorporated shares have declined by -21% from the estimated average. Manning & Napier Advisors, Inc owned 1,647,690 shares of as of 06/30/2012.

Spirit Airlines Inc. operates an airline based in Fort Lauderdale providing travel opportunity principally to and from South Florida, the Caribbean and Latin America. Spirit Airlines Incorporated has a market cap of $1.32 billion; its shares were traded at around $16.58 with a P/E ratio of 12.7 and P/S ratio of 1.2.

SAVE recently reported its second quarter 2012 financial results. Net income, excluding special items, for the second quarter 2012 increased 35.4 percent to $35.3 million, or $0.49 per diluted share, as compared to pro forma second quarter 2011 net income.1 GAAP net income for second quarter 2012 was $34.6 million, or $0.48 per diluted share.

Joel Greenblatt bought 158,046 shares in the quarter that ended on 06/30/2012, which is 0.23% of the $1.36 billion portfolio of Gotham Capital. PRIMECAP Management owns 57,000 shares as of 06/30/2012, an increase of 280% from the previous quarter. This position accounts for 0.0019% of the $59.94 billion portfolio of PRIMECAP Management. Robert Olstein owns 243,000 shares as of 06/30/2012, an increase of 50.65% from the previous quarter. This position accounts for 0.92% of the $511 million portfolio of Olstein All-Cap Value Fund.

Senior VP and COO Tony Lefebvre sold 8,000 shares of SAVE stock on 09/04/2012 at the average price of 19.2. Tony Lefebvre owns at least 47,211 shares after this. The price of the stock has decreased by 13.65% since. Other insiders have also decreased their positions in the company.

Health Net, Inc. (HNT): Down 24% Since First Pacific Advisors Bought In the Quarter Ended on 2012-06-30

First Pacific Advisors initiated holdings in Health Care Providers company Health Net, Inc. during the quarter ended 06/30/2012. His purchase prices were between $24.24 and $40.51, with an estimated average price of $29.82. Since then the prices of Health Net, Inc. shares have declined by -24% from the estimated average. First Pacific Advisors owned 508,000 shares of as of 06/30/2012.

Health Net, Inc. is an integrated managed care organization which administers the delivery of managed health care services. Health Net, Inc. has a market cap of $1.94 billion; its shares were traded at around $22.62 with a P/E ratio of 8.4 and P/S ratio of 0.2.

Health Net recently announced 2012 second quarter GAAP net income of $124.6 million, or $1.48 per diluted share, compared with $58.3 million, or $0.63 per diluted share, for the second quarter of 2011.

Jean-Marie Eveillard owns 1,518,760 shares as of 06/30/2012, which accounts for 0.14% of the $25.72 billion portfolio of First Eagle Investment Management, LLC. Edward Owens owns 3,663,458 shares as of 06/30/2012, which accounts for 0.42% of the $21.29 billion portfolio of Vanguard Health Care Fund. Richard Snow owns 1,639,003 shares as of 06/30/2012, which accounts for 2.2% of the $1.84 billion portfolio of Snow Capital Management, L.P..

Director Frederick C Yeager sold 550 shares of HNT stock on 05/23/2012 at the average price of 25.33. Frederick C Yeager owns at least 12,240 shares after this. The price of the stock has decreased by 10.7% since. Other insiders have also decreased their positions in the company.

Marvell Technology Group Ltd. (MRVL): Down 24% Since Steven Cohen Bought In the Quarter Ended on 2012-06-30

Steven Cohen added to his holdings in Semiconductors company Marvell Technology Group Ltd. by 3420.73% during the quarter ended 06/30/2012. His purchase prices were between $11.06 and $15.77, with an estimated average price of $13.52. Since then the prices of Marvell Technology Group Ltd. shares have declined by -24% from the estimated average. Steven Cohen owned 1,497,294 shares of as of 06/30/2012.

Marvell Technology is a designer, developer and supplier of mixed-signal and digital signal processing integrated circuit for high-speed, high-density, digital data storage and broadband digital data networking markets. Marvell Technology Group Ltd. has a market cap of $5.73 billion; its shares were traded at around $10.33 with a P/E ratio of 11.6 and P/S ratio of 1.7. The dividend yield of Marvell Technology Group Ltd. stocks is 2.4%. Marvell Technology Group Ltd. had an annual average earnings growth of 32.3% over the past 10 years. GuruFocus rated Marvell Technology Group Ltd. the business predictability rank of 2.5-star.

Marvell recently reported its second quarter 2013 financial results. Revenue for the second quarter of fiscal 2013 was $816 million, a 2 percent sequential increase from $796 millionin the first quarter of fiscal 2013, ended April 28, 2012, and a decrease of 9 percent from $898 million in the second quarter of fiscal 2012, ended July 30, 2011.

David Dreman owns 552,396 shares as of 06/30/2012, an increase of 165.58% from the previous quarter. This position accounts for 0.15% of the $4.28 billion portfolio of Dreman Value Management. David Einhorn owns 25,602,479 shares as of 06/30/2012, an increase of 39.35% from the previous quarter. This position accounts for 4.5% of the $6.37 billion portfolio of Greenlight Capital. Daniel Loeb sold out his holdings in the quarter that ended on 06/30/2012.

VP, Chief Technology Officer Pantas Sutardja, sold 41,668 shares of MRVL stock on 06/01/2012 at the average price of 12.05. Pantas Sutardja, owns at least 37,615,435 shares after this. The price of the stock has decreased by 14.27% since.

VeriFone Systems Inc (PAY): Down 27% Since Meridian Funds Bought In the Quarter Ended on 2012-06-30

Meridian Funds added to his holdings in Computer Hardware company Verifone Systems Inc by 40.59% during the quarter ended 06/30/2012. His purchase prices were between $30.33 and $54.84, with an estimated average price of $43.34. Since then the prices of VeriFone Systems Inc shares have declined by -27% from the estimated average. Meridian Funds owned 796,685 shares of as of 06/30/2012.

Verifone Holdings, Inc., a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. Verifone Systems Inc has a market cap of $3.75 bllion; its shares were traded at around $31.73 with a P/E ratio of 18.5 and P/S ratio of 2.9.

Verifone recently reported its third quarter 2012 financial results. Non-GAAP net income per diluted share for Q3 FY12 was $0.75, compared to $0.64 in the prior quarter and $0.49 for the three months ended July 31, 2011 (“Q3 FY11”), a 53% year-over-year increase. GAAP net income per diluted share for the latest quarter was $0.34, compared to $0.03 in the prior quarter and $0.28 in Q3 FY11.

Ken Fisher bought 376,550 shares in the quarter that ended on 06/30/2012, which is 0.037% of the $33.72 billion portfolio of Fisher Asset Management, LLC. Michael Price owns 185,000 shares as of 06/30/2012, an increase of 51.02% from the previous quarter. This position accounts for 0.88% of the $692 million portfolio of MFP Investors LLC. Meridian Funds owns 796,685 shares as of 06/30/2012, an increase of 40.59% from the previous quarter. This position accounts for 0.88% of the $3 billion portfolio of Meridian Fund.

CEO Douglas Bergeron bought 155,000 shares of PAY stock on 07/06/2012 at the average price of 32.5. Douglas Bergeron owns at least 664,375 shares after this. The price of the stock has decreased by 2.37% since.

Halcon Resources Corp (HK): Down 21% Since Louis Moore Bacon Bought In the Quarter Ended on 2012-06-30

Louis Moore Bacon initiated holdings in Exploration & Production company Halcon Resources Corp during the quarter ended 06/30/2012. His purchase prices were between $8.36 and $11, with an estimated average price of $9.67. Since then the prices of Halcon Resources Corp shares have declined by -21% from the estimated average. Louis Moore Bacon owned 986,602 shares of as of 06/30/2012.

Halcon Resources Corporation is an energy company engaged in the acquisition, exploration and development of onshore oil and natural gas properties in the United States. Halcon Resources Corp has a market cap of $1.63 billion; its shares were traded at around $7.66 with and P/S ratio of 15.7.

Director James W Christmas bought 100,000 shares of HK stock on 09/13/2012 at the average price of 7.24. James W Christmas owns at least 105,000 shares after this. The price of the stock has increased by 5.8% since. Other insiders have also increased their positions in the company.


Rating: 2.5/5 (11 votes)

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