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CEOs Report Expensive Insider Buys Over the Past Week

March 19, 2014 | About:
Monica Wolfe

Monica Wolfe

133 followers

Over the past week we’ve seen several large insider buys as well as several coming from the companies’ CEOs. It is interesting to note when a CEO, or even a CFO, buys because these insiders supposedly have the most intimate knowledge of their company's workings.

The following three CEOs each come from various sectors of the market, but they each reported insider buys with transaction amounts valued at over $100,000 and one CEO reported an insider sell raking in over.

Ameresco (AMRC)

Over the past week Ameresco’s President and CEO, George Sakellaris, has made three separate buys adding over 185,000 shares to his stake. The guru made his first buy on March 13 when he purchased 14,600 shares of Ameresco at $8.00 per share. This cost him a total of $116,800, and since then the price per share has dropped a notable -6%.

On March 14 Sakellaris made his largest buy, adding 166,130 shares to his stake. He purchased these shares at $7.75 per share for a total transaction amount of $1,287,208. Since his buy the price per share has dropped approximately -2.97%.

Most recently Sakellaris purchased an additional 65,470 shares of the company’s stock. He bought these shares at $7.50 for a total transaction amount of 491,025. Since this most recent buy the price per share has increased slightly by 0.27%.

As of his most recent buy on March 17, Sakellaris holds on to 3,460,626 shares of Ameresco’s stock.

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Ameresco is a provider of energy efficiency solutions for facilities throughout North America. Its solutions enable customers to reduce their energy consumption, lower their operating and maintenance costs and realize environmental benefits.

Ameresco’s historical revenue and net income:

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The analysis on Ameresco reports that the company’s price is near a 5-year low, the company has issued $65.83 million over the past three years and its revenue has been in decline over the past year.

Chuck Royce (Trades, Portfolio) is the only guru that holds a position in Ameresco. Royce held on to 1,397,099 shares as of the close of the fourth quarter. This position makes up for 3.06% of the company’s shares outstanding and 0.04% of Royce’s total assets managed.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Ameresco has a market cap of $354.5 million. Its shares are currently trading at around $7.72 with a P/E ratio of 60.70, a P/S ratio of 0.60 and a P/B ratio of 1.30.

Ulta Salon Cosmetics & Fragrances (ULTA)

Over the past week the CEO of Ulta, Mary Dillon, made a notable buy into the company. Dillon’s buy comes as the company’s price has recently rebounded from its 52-week low. This buy is also the first insider buy since March of 2013.

Mary Dillon added 5,000 shares to her holdings on March 18. The CEO purchased these shares at $97.35 per share for a total transaction amount of $486,750. Since her buy the price per share has increased approximately 1.38%. Dillon now holds on to 27,012 shares of ULTA stock.

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Ulta Salon Cosmetics & Fragrances, Inc. is a beauty retailer that provides one-stop shopping for mass and salon products and salon services in United States.

Ulta’s historical revenue and net income:

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The analysis on Ulta reports two good signs for the company: the company currently holds no debt and its operating margin is expanding.

There are currently nine gurus that hold a stake in Ulta. Check out these gurus’ historical holdings here.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Ulta Salon Cosmetics & Fragrances has a market cap of $6.46 billion. Its shares are currently trading at around $100.64 with a P/E ratio of 32.80, a P/S ratio of 2.50 and a P/B ratio of 6.90. The company had an annual average earnings growth of 37% over the past five years.

Cenveo (CVO)

Over the past week Chairman and CEO Robert Burton added a large buy to his holdings. The CEO added 59,300 shares of Cenveo to his holdings, spending approximately $3.41 per share. This transaction cost him a total of $202,213. Since this buy the price per share has dropped a slight -0.59%. Burton now holds on to 4,032,438 shares of the company’s stock.

Earlier in March, Burton made another buy of Cenveo stock, adding 29,759 shares of the company’s stock.

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As seen in the chart above, the company has a strong history of an insider buying trend.

Cenveo provides an array of print and related solutions in the areas of envelops, custom labels, specialty packaging, and business documents, among others. Its business is segmented into two areas- print & envelope and label & packaging.

Cenveo’s historical revenue and net income:

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The analysis on Ceneveo reports that the company’s revenue has been in decline over the past five years and that the company’s gross margin has been in a long term decline with an average rate of decline per year of -3.1%.

Steven Cohen (Trades, Portfolio) was the only guru with a position in the company as of the close of fourth quarter.

Cenveo has a market cap of $220.3 million. Its shares are currently trading at around $3.32 with a P/S ratio of 0.10.

You can view a complete list of CEO buys and sells here.


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