Weekly CEO Buys Highlight: MCP
Molycorp Inc. (MCP): President and CEO Constantine Karayannopoulos Bought 16,667 Shares
President and CEO of Molycorp Inc. (MCP) Constantine Karayannopoulos bought 16,667 shares on 01/30/2013 at an average price of $7.43. Molycorp Inc. was formed on March 4, 2010, as a new Delaware corporation. Molycorp Inc. has a market cap of $1.03 billion; its shares were traded at around $7.43 with a P/E ratio of 20.3 and P/S ratio of 1.3751.
John Burbank bought 45,143 shares in the quarter that ended on 09/30/2012, which is 0.024% of the $2.19 billion portfolio of Passport Capital. George Soros bought 80,000 shares in the quarter that ended on 09/30/2012, which is 0.015% of the $6.2 billion portfolio of Soros Fund Management LLC.
Molycorp recently announced its third quarter 2012 financial results. The company reported consolidated net revenue of $205.6 million in the third quarter of 2012, a 49% year-over-year increase and a 97% increase over the previous quarter.
Chris Davis owns 274,950 shares as of 09/30/2012, an increase of 12.49% from the previous quarter. This position accounts for 0.0075% of the $41.99 billion portfolio of Davis Selected Advisers. Mario Gabelli owns 124,832 shares as of 09/30/2012, which accounts for 0.01% of the $13.78 billion portfolio of GAMCO Investors. David Williams owns 350,000 shares as of 12/31/2011, which accounts for 0.19% of the $4.48 billion portfolio of Columbia Value and Restructuring Fund.
Executive Vice President and CFO Michael F. Doolan bought 25,000 shares of MCP stock on 08/22/2012 at the average price of $10. Michael F. Doolan owns at least 25,000 shares after this. The price of the stock has decreased by 25.7% since. Other insiders have also decreased their positions in the company.
For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.