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Weekly CEO Buys Highlight: Hornbeck Offshore Services Inc, Huntsman Corp, Berkshire Hills Bancorp Inc, HATTERAS FINANCIAL, The Pep Boys Manny Moe & Jack.

December 20, 2008 | About:

Last week’s top five CEO Buy companies were Hornbeck Offshore Services Inc, Huntsman Corp, Berkshire Hills Bancorp Inc, HATTERAS FINANCIAL, The Pep Boys Manny Moe & Jack.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.

Hornbeck Offshore Services Inc. (HOS): President & CEO, Director Todd M Hornbeck Bought 124,000 Shares

President & CEO, Director of Hornbeck Offshore Services Inc. (HOS) Todd M Hornbeck bought 124,000 shares on 12/17/2008 at an average price of $15.05.

Hornbeck Offshore provides technologically advanced new generation OSVs serving the offshore oil and gas industry primarily in the U.S. Gulf of Mexico and in select international markets. The company has a market cap of $396.09 million; its shares were traded at around $15.05 with a P/E ratio of 4.1 and P/S ratio of 1.17.

Hornbeck recently reported its third quarter 2008 results. The company announced that its third quarter revenue was up 33% compared to 2007. Operating income was also up 43%. Net income increased 35% compared to last quarter.

David Dreman owns 353,654 shares as of 09/30/2008, an increase of 35.24% from the previous quarter. This position accounts for 0.13% of the $10.85 billion portfolio of Dreman Value Management.

Director Larry D Hornbeck bought 10,000 shares of HOS stock on 12/12/2008 at the average price of $15; the price of the stock has increased by 0.33% since.

Huntsman Corp. (HUN): President, CEO, Director, 10% Owner Peter R Huntsman Bought 429,000 Shares

President, CEO, Director, 10% Owner of Huntsman Corp. (HUN) Peter R Huntsman bought 429,000 shares on 12/17/2008 at an average price of $3.46.

Huntsman Corporation is among the world's largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. It has a market cap of $1.37 billion; its shares were traded at around $3.46 with a P/E ratio of 17.2 and P/S ratio of 0.14. The dividend yield of Huntsman Corp. stocks is 6.84%.

Huntsman posted its 3rd quarter 2008 results recently. The company announced that its revenue increased 13%, compared to revenues for the third quarter of 2007. However, this was a decreased of 6% when compared to the revenue results for the second quarter of 2008. Net loss was 9 cents per share, compared to 68 cents per share a year ago.

Charles Brandes bought 622,286 shares in the quarter that ended on 09/30/2008, which is 0.03% of the $27.58 billion portfolio of Brandes Investment. Richard Perry sold out his holdings in the quarter that ended on 09/30/2008.

Exec VP and CFO J Kimo Esplin bought 16,000 shares of HUN stock on 12/17/2008 at the average price of $3.08; the price of the stock has increased by 12.34% since.

Berkshire Hills Bancorp Inc. (BHLB): President and CEO, Director Michael P Daly Bought 13,341 Shares

President and CEO, Director of Berkshire Hills Bancorp Inc. (BHLB) Michael P Daly bought 13,341 shares on 12/12/2008 at an average price of $28.53.

Berkshire Hills Bancorp Inc. is a bank holding company with a market cap of $335.67 million, a P/E ratio of 13.1 and P/S ratio of 2.14. The dividend yield of Berkshire Hills Bancorp Inc. stocks is 2.33%. Berkshire Hills Bancorp Inc. had an annual average earning growth of 2.8% over the past 5 years.

Third Avenue Management owns 390,800 shares as of 09/30/2008, which accounts for 0.22% of the $4.78 billion portfolio of Third Avenue Management. Martin Whitman owns 390,800 shares as of 07/31/2008, which accounts for 0.14% of the $7.46 billion portfolio of Third Avenue Value Fund. Bruce Sherman owns 242,545 shares as of 09/30/2008, a decrease of 21.6% of from the previous quarter. This position accounts for 0.16% of the $4.99 billion portfolio of Private Capital Management.

EVP, CFO and Treasurer Kevin P Riley bought 1,000 shares of BHLB stock on 10/28/2008 at the average price of $23.93; the price of the stock has increased by 19.22% since.

HATTERAS FINANCIAL (HTS): CEO, Director Michael R Hough Bought 11,455 Shares

CEO, Director of HATTERAS FINANCIAL (HTS) Michael R Hough bought 11,455 shares on 12/15/2008 at an average price of $26.22.

HATTERAS FINANCIAL CORP. is an externally-managed mortgage real estate investment trust formed in 2007 to invest in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities. Hatteras Financial Corp. is managed and advised by Atlantic Capital Advisors LLC. HATTERAS FINANCIAL has a market cap of $638.9 million; its shares were traded at around $26.22 . The dividend yield of the company’s stocks is 16.76%.

CFO, Treasurer and Secretary Kenneth A Steele bought 6,272 shares of HTS stock on 12/15/2008 at the average price of $22; the price of the stock has increased by 19.18% since.

The Pep Boys Manny Moe & Jack (PBY): CEO, Director R. Odell Michael Bought 28,500 Shares

CEO, Director of The Pep BoysManny Moe & Jack (PBY) R. Odell Michael bought 28,500 shares on 12/11/2008 at an average price of $3.92. Pep Boys.

MM&J is a leading automotive retail and service chain. It has a market cap of $178.33 million; its shares were traded at around $3.92 with and P/S ratio of 0.08. The dividend yield of The Pep BoysManny Moe & Jack stocks is 7.85%.

The Pep Boys Manny, Moe and Jack recently reported its third quarter and first nine months of 2008 results. The company said that sales for the third quarter were down about 10% when compared to the third quarter of 2007. However, net loss was 14 cents per share for the quarter, compared to 54 cents per share in 2007.

EVP-CFO Raymond L Arthur bought 28,600 shares of PBY stock on 12/11/2008 at the average price of $3.5; the price of the stock has increased by 12% since.

  • 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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