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Weekly CEO Buys Highlight: United Community Banks Inc. (UCBI), Jabil Circuit Inc. (JBL), Group 1 Automotive Inc. (GPI)

January 03, 2008 | About:

This is the highlight of weekly top CEO buys. Related Companies: United Community Banks Inc. (UCBI), Jabil Circuit Inc. (JBL), Group 1 Automotive Inc. (GPI)

United Community Banks Inc. (UCBI): President & CEO, Director Jimmy C. Tallent Bought 20,000 Shares

United Community Banks, Inc. (UCBI) stock shares hit its lowest within the past four years due to the housing crisis and inflated appraisal scams in North Carolina. After a $13 million write-off from bad loans this year, the company still expects their fourth quarter earnings to be between $0.08 and $0.10 per share. The retail bank operates over 100 banks throughout North Carolina, Tennessee, and Georgia.

As of July, Director Robert L. Head Jr. bought 25,000 shares, Director Tim Wallis bought 21,205 shares, Director A. William Bennett bought 548 shares, and finally Director Robert H. Blalock bought 412 shares.

CEO Jimmy C. Tallent bought 20,000 shares on 12/27/07 at an average price of $15.88. Since July, Tallent bought a total of 49,431 shares between $16.37 and $25.19. All other insider buys were made between $16.25 and $24.05: Director W. C. Nelson Jr. bought 27,340 shares; Director Tim Wallis bought 25,818 shares; Executive Vice President, Director Guy W. Freeman bought 6,984 shares; EVP & CFO Rex S Schuette bought 4,000 shares; SVP, Retail Banking Bill M. Gilbert bought 3,955 shares; and Director A. William Bennett bought 1,000 shares.

United Community Banks Inc. has a market cap of $606.45 million; its shares were traded at around $15.88 with P/E ratio of 9.88 and P/S ratio of 2.61. The dividend yield of United Community Banks Inc. stocks is 2.3%.

Jabil Circuit Inc. (JBL): EVP, CEO, Consumer Division John P. Lovato Bought 19,730 Shares; President & CEO Timothy L. Main Bought 15,000 Shares

For the current quarter, The Jabil Circuit, Inc. (JBL) expects its company performance to be between loss of $0.03 and gain of $0.01 a share. The electronic service provider stock prices are currently at its lowest since 2002. The company IR explained that weak earnings this quarter is owed to restructuring expenses and impairment charges. Overall, JBL profits had dropped by 55.6% to $73.2 million or $0.35 in 2007 compared to 2006.

Kenneth Fisher owns 96,950 shares as of the third quarter.

Late-December, EVP, and CEO of the Consumer Division JBL, John P. Lovato and the President & CEO Timothy L. Main bought their shares at $15.18 and $14.87, respectively. Two insider sells were made by Director Thomas A. Sansone, who sold 68,925 shares and Corp. Sec. and General Counsel Robert L Paver, who sold 3,000 shares between $17.13 and $24.

Jabil Circuit Inc. has a market cap of $3.14 billion; its shares were traded at around $15.18 with P/E ratio of 33.71 and P/S ratio of 0.39. The dividend yield of Jabil Circuit Inc. stocks is 1.8%.

Group 1 Automotive Inc. (GPI): President & CEO, Director Earl J Hesterberg Bought 1,100 Shares

Due to lower vehicle sales, Group 1 Automotive, Inc. (GPI) reported a third quarter earnings decrease by 21% to $20.8 million or $0.90. The automotive retailer expects to gain $107.1 million in annual revenue from the recently acquired Mercedes-Benz, BMW and Volkeswagen franchise in Georgia and South Carolina.

HOTCHKIS & WILEY owns 373,100 shares of GPI stock as of 09/30.

Since mid-November, President & CEO, Director Earl J. Hesterberg bought a total of 4,400 shares between $23.95 and $26.72. Also, SVP, Ops & Corp Development, Randy L. Callison bought 1,000 shares at $26.23.

Group 1 Automotive Inc. has a market cap of $580.26 million; its shares were traded at around $23.71 with P/E ratio of 7.35 and P/S ratio of 0.10. The dividend yield of Group 1 Automotive Inc. stocks is 2.4%.

 

  • 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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