Weekly CEO Buys Highlight: SONS, OPK, AKS, ARAY, ENH

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Nov 09, 2014

According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:

Sonus Networks Inc (SONS, Financial): CEO and President Raymond P Dolan Bought 1,000,000 Shares

CEO and President of Sonus Networks Inc (SONS, Financial) Raymond P Dolan bought 1,000,000 shares on 10/31/2014 at an average price of $3.75. Sonus Networks Inc was incorporated in August 1997 as a Delaware corporation. Sonus Networks Inc has a market cap of $926.718 million; its shares were traded at around $3.75 with and P/S ratio of 3.23.

SONS recently reported its third quarter 2014 financial results. The company announced total revenues of $73.2 million, up 7.5% compared to the third quarter of 2013. Cash, cash equivalents, and investments as of September 26, 2014 were $154.1 million.

CFO Mark T Greenquist bought 15,000 shares of SONS stock on 08/04/2014 at the average price of 3.59. Mark T Greenquist owns at least 280,000 shares after this. The price of the stock has increased by 4.46% since.

Opko Health Inc (OPK, Financial): CEO & Chairman, 10% Owner Phillip Md Et Al Frost Bought 171,500 Shares

CEO & Chairman, 10% Owner of Opko Health Inc (OPK, Financial) Phillip Md Et Al Frost bought 171,500 shares during the past week at an average price of $8.32. Opko Health Inc was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics, Inc. Opko Health Inc has a market cap of $3.57 billion; its shares were traded at around $8.32 with and P/S ratio of 37.82. Opko Health Inc had an annual average earnings growth of 4.40% over the past 10 years.

Mario Gabelli (Trades, Portfolio) owns 15,000 shares as of 06/30/2014, which accounts for 0.0007% of the $19.12 billion portfolio of GAMCO Investors. George Soros (Trades, Portfolio) owns 235,600 shares as of 06/30/2014, a decrease of 84.24% of from the previous quarter. This position accounts for 0.016% of the $13.27 billion portfolio of Soros Fund Management LLC.

AK Steel Holding Corp (AKS, Financial): Chairman, President & CEO James L Wainscott Bought 160,000 Shares

Chairman, President & CEO of AK Steel Holding Corp (AKS, Financial) James L Wainscott bought 160,000 shares on 11/06/2014 at an average price of $6.62. AK Steel Holding Corp is a corporation formed under the laws of Delaware in 1993 and is a producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation. Ak Steel Holding Corp has a market cap of $1.17 billion; its shares were traded at around $6.62 with and P/S ratio of 0.15.

AK Steel holding Corp. recently reported a net loss of $7.2 million, or $0.05 per diluted share of common stock, for the third quarter of 2014, compared to a net loss of $31.7 million, or $0.23 per diluted share, for the third quarter of 2013 and a net loss of $17.1 million, or $0.13 per diluted share, for the second quarter of 2014.

Third Avenue Management (Trades, Portfolio) owns 711,375 shares as of 06/30/2014, which accounts for 0.11% of the $5.18 billion portfolio of Third Avenue Management (Trades, Portfolio).

VP Litigation, Labor & Ext Aff Renee S Filiatraut sold 0 shares of AKS stock on 05/30/2014 at the average price of 0. Renee S Filiatraut owns at least 17,886 shares after this.

Accuray Inc (ARAY, Financial): President & CEO Joshua Levine Bought 100,000 Shares

President & CEO of Accuray Inc (ARAY, Financial) Joshua Levine bought 100,000 shares on 11/03/2014 at an average price of $6.85. Accuray Inc was incorporated in California in 1990 and commenced operations in 1992. Accuray Inc has a market cap of $529.506 million; its shares were traded at around $6.85 with and P/S ratio of 1.41.

Accuray Inc. recently reported its financial results for the first quarter of the fiscal year of 2015. Total revenue reached $82.4 million, representing an increase of 7% from the prior fiscal year first quarter. The Americas region total revenues were $38.5 million, a decrease of 2%.

PRIMECAP Management (Trades, Portfolio) owns 8,690,700 shares as of 06/30/2014, which accounts for 0.084% of the $91.33 billion portfolio of PRIMECAP Management (Trades, Portfolio).

Endurance Specialty Holdings Ltd (ENH, Financial): Chmn & CEO John Charman Bought 7,350 Shares

Chmn & CEO of Endurance Specialty Holdings Ltd (ENH, Financial) John Charman bought 7,350 shares on 11/06/2014 at an average price of $58.20. Endurance Specialty Holdings Ltd was organized on June 27, 2002 under the laws of Bermuda to act as a holding company of providers of property and casualty insurance and reinsurance. Endurance Specialty Holdings Ltd has a market cap of $2.6 billion; its shares were traded at around $58.20 with a P/E ratio of 8.40 and P/S ratio of 1.20. The dividend yield of Endurance Specialty Holdings Ltd stocks is 2.30%.

NWQ Managers (Trades, Portfolio) owns 67,400 shares as of 06/30/2014, an increase of 1248% from the previous quarter. This position accounts for 0.035% of the $9.94 billion portfolio of NWQ Investment Management Co. Richard Pzena (Trades, Portfolio) owns 422,544 shares as of 06/30/2014, an increase of 795.22% from the previous quarter. This position accounts for 0.12% of the $18.01 billion portfolio of Pzena Investment Management LLC.

Director John Thomas Baily bought 41 shares of ENH stock on 09/30/2014 at the average price of 55.33. John Thomas Baily owns at least 4,000 shares after this. The price of the stock has increased by 5.19% since.