Insider Buys Round-up: Tenet Healthcare and Sprint Corp

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Aug 14, 2015

The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$500,000+” and Duration to "August 2015."

According to the above filters, the following are the recent buys from company insiders over the past week:

On Aug. 3, three insiders has bought a total of 7,142,857 shares of Pulse Network Inc (TPNI) with a total cost of $71,429. John Saber, Stephen Saber, and Nicholas Saber closed their buys with an average price of $0.01 and since then, the price of the stock did not face any change.

The company has an insider ownership of 83%.

On Aug. 6, Glenview Capital Management, which is 10% owner of Tenet Healthcare Corp (THC) bought 697,917 shares of the company with a total cost of $38,008,600. The transaction was closed at the price of $54.46 and since then, the price of the stock has dropped by 4.6%.

THC is an investor-owned company whose subsidiaries and affiliates operate regionally focused, integrated health care delivery networks with a significant presence in several large urban and suburban markets.

The company has an insider ownership of 3% and an institutional ownership of 99%.

The price of THC has dropped by 11% during the last 12 months, but is still trading with a very high P/E(ttm) ratio of 101.25. The company has positive returns with ROA 0.30% and ROE 7.46%. Financial strength is rated 6/10, but cash to debt of 0.02 and interest coverage of 1.23 are underperforming the 86% of the other companies in the Global Medical Care industry.

The main guru holding the company is Larry Robbins (Trades, Portfolio) with a big stake that amounts to 13.87% of outstanding shares of the company or 3.13% of his total assets, followed by Vanguard Health Care Fund (Trades, Portfolio) with 1.41% and Paul Singer (Trades, Portfolio) with 1.03%.

On Aug. 7, two insiders bought a total of 6,650,000 shares of Surepure Inc (SURP) at an average price of $0.15 with a total cost of $997,500. The two insiders are CEO Guy Kebble and CFO Stephen Michael Robinson.

The company has an insider ownership of 5% and an institutional ownership of 3%.

The price of SURP has dropped by 25% during the last 12 months and is trading with a P/S ratio of 3.48. The company has negative returns with ROA -283.07% and a weak financial strength rated 5/10 with a cash to debt of 0.21 that is ranked lower than 80% of other companies in the Global Pollution Treatment Controls industry, which has an average ratio of 0.97.

During the second quarter, the company reported an increase of its revenues of about 2700% and Guy Kebble, CEO of the company, stated, "We are pleased to report the significant increase in revenue over the prior period and income of approximately $123,000 for the second quarter. Details can be found in the Quarterly Report that SurePure has filed with the SEC today. We look forward to keeping all stakeholders apprised of the Company's business strategy and results."

Surepure designs, manufactures, markets, sells or licenses and maintains its proprietary Turbulator systems for liquid photopurification technology in the various marketplaces. Its Technology uses Ultraviolet light in the C band "UVC" to process, preserve and sustain the natural quality of food and beverage products, such as dairy products, fruit juice and concentrates, sugar syrup bases and alcoholic beverages.

On Aug. 10 and 12, Redmile Group LLC, which is a 10% of Array BioPharma Inc (ARRY) bought a total of 1,581,493 shares with a total cost of $9,215,260. Since that buy, the price of the stock has dropped by about $3%

The company has an insider ownership of 2% and an institutional ownership of 90%.

The price of ARRY has increased by 47% during the last 12 months and is trading with a P/B ratio of 15.80. The company has negative returns with ROA -3.92% and a weak financial strength rated 5/10 with a cash to debt of 1.76.

The only guru holding shares of the company is Jim Simons (Trades, Portfolio) with 0.75% of outstanding shares or 0.02% of his total assets. Steven Cohen (Trades, Portfolio) sold out his shares during the Q1 2015.

On Aug. 12, Softbank Group Corp which is 10% owner of Sprint Corp (S), bought 22,873,301 shares at an average price of $3.80 and a total cost of $86,918,500. Since that buy, the price of the stock has risen by 5.30%.

The company has an insider ownership of 1% and an institutional ownership of 99%.

The price of Sprint Corp has dropped by 29% during the last 12 months and is trading with a very low P/B ratio of 0.76. The company has negative returns with ROA -3.97%, ROE -14.01% and a financial strength rated 7/10.

The main guru holding shares of the company is Dodge & Cox with 4.36% of outstanding shares or 0.71% of its total assets. The second one is PRIMECAP Management (Trades, Portfolio) with 0.51%, followed by Larry Robbins (Trades, Portfolio) with 0.17% and John Paulson (Trades, Portfolio) with 0.13%.