Weekly highlight of top CEO buys. Related companies: Merrill Lynch & Co. Inc. (MER, Financial), Continental Resources Inc. (CLR, Financial), Allegheny Technologies Inc. (ATI, Financial), Travelzoo Inc (TZOO, Financial), Shuffle Master Inc. (SHFL, Financial).
Merrill Lynch & Co. Inc. (MER): Chairman & CEO, Director John A. Thain Bought 500,000 Shares
State of Massachusetts sued financial manager Merrill Lynch & Co. Inc. (MER) and Swiss bank UBS for foul-play in their auction-security sales. Late-July, Merril Lynch shares fell 10% as the credit and housing sectors declined. The company shares have lost nearly 50% its value since the beginning of the year. Merrill divested $4.5 billion worth of Bloomberg shares. The company lost $4.7 billion or $4.97 per diluted share for the second quarter, compared to last year quarter’s earnings of $2.1 billion or $2.24 per diluted share.
Robert Olstein, Bill Nygren, Chris Davis, Bill Miller, Brian Rogers, Ruane Cunniff, Kenneth Fisher, and Richard Snow own shares of Merrill Lynch; and Richard Pzena sold out all his MER holdings prior to March.
Chairman & CEO, Director of Merrill Lynch & Co. Inc. John A. Thain bought 500,000 shares on 7/29/08 at $26.85. Other buys were made at $22.50 last month: President Gregory J. Fleming and EVP Robert J. Mccann each bought 100,000 shares; EVP Rosemary T. Berkery bought 45,000 shares; EVP & CFO Nelson Chai bought 22,700 shares; EVP Thomas J. Sanzone bought 10,000 shares; and Director Ann N. Reese bought 8,000 shares.
Merrill Lynch & Co. Inc. has a market cap of $26.46 billion; its shares were traded at around $26.85. The dividend yield of Merrill Lynch & Co. Inc. stocks is 5.21%.
Continental Resources Inc. (CLR): CEO, Chairman, Director, 10% Owner Harold Hamm Bought 100,000 Shares
CONTINENTAL RESOURCES (CLR) is an independent oil and natural gas exploration and production company in the U.S. The company posted a second quarter profit of $127.3 million or $0.75 a share on strong gas and oil revenue of $303.4 million. In contrast with loss in the same quarter last year of $142.5 million or $0.87 a share, on revenue of $145.3 million.
John Keeley bought 41,000 shares in the quarter that ended on 3/31/08.
CEO, Chairman, Director, 10% Owner of Continental Resources Inc. Harold Hamm bought 100,000 shares during the past week at $56.40.
As of May, insiders made large sells between $50.88 and $65.04: SVP Jack H. Stark sold 61,658 shares; SVP Tom E. Luttrell sold 36,946 shares; SVP Jeff B. Hume sold 22,000 shares; Director Robert J. Grant sold 7,000 shares; VP & CFO John D. Hart sold 6,000 shares.
Continental Resources Inc. has a market cap of $9.48 billion; its shares were traded at around $56.4 with a P/E ratio of 19.62 and P/S ratio of 10.67.
Allegheny Technologies Inc. (ATI): Chairman, President and CEO, Director L Patrick Hassey Bought 50,000 Shares
Allegheny Technologies Incorporated (ATI) made an income of $168.9 million or $1.66 a share for the second quarter, which is 18% lower compared to $206.5 or $2 a share in the second quarter of 2007. "It's no surprise that demand is weak from the U.S. automotive and housing markets," CEO L. Patrick Hassey stated.
John Keeley, David Dreman, and Kenneth Fisher kept their ATI shares nearly unchanged.
Chairman, President and CEO, Director L. Patrick Hassey and CFO Richard J Harshman bought 50,000 shares, and 10,000 shares, respectively on 7/28/08 at $46.56.
EVP, Corporate Planning Douglas A Kittenbrink sold 33,000 shares on 4/25/08 at $72.05.
Chairman, President and CEO, Director of Allegheny Technologies Inc. L Patrick Hassey bought 50,000 shares on 7/28/08 at $45.97.
Allegheny Technologies Inc. has a market cap of $4.63 billion; its shares were traded at around $45.97 with a P/E ratio of 7.19 and P/S ratio of 0.88. The dividend yield of Allegheny Technologies Inc. stocks is 1.57%.
Travelzoo Inc (TZOO): CEO, Director, 10% Owner Ralph Bartel Bought 188,100 Shares
Travelzoo Inc (TZOO) publishes Travelzoo and Weekend.com. The internet media company reported a second quarter loss of $1.2 million or $0.08 a share compared to earnings of $0.17 in 2007, despite revenue increase of $21.8 million.
CEO, Director, 10% Owner of Travelzoo Inc Ralph Bartel bought 188,100 shares during the past week at $7.52; prior to last week, CEO Ralph Bartel bought a total of 119,551 shares at $10. Other buys were made between $6.73 and $9.96 since June: 10% Owner Capital Inc Azzurro bought 190,300 shares; 10% Owner Bartel 2005 Trust Ralph bought 188,397 shares; and Director Holger Bartel bought 1,928 shares.
Travelzoo Inc has a market cap of $107.30 million; its shares were traded at around $7.52 with P/S ratio of 1.20.
Shuffle Master Inc. (SHFL): CEO and Chairman, Director Mark Lawrence Yoseloff Bought 100,000 Shares
Shuffle Master Inc. (SHFL) manufactures casino game machines. The company revenue rose 10%, but charges offset earnings to a $0.09 decline comparable to the past two second-quarter. Shuffle Master’s profit decreased 11% to $3 million from $3.4 million. The company recently committed to a $5 million loan from Union Bank of California; SHFL currently has $65 million in loans.
As Richard Aster Jr. kept his 1,203,800 shares, Bruce Sherman sold 54% of his SHFL holdings.
CEO and Chairman, Director Mark Lawrence Yoseloff bought 100,000 shares on 7/25/08 at $4.25. Other buys were also made on 7/25/08 at $4.25 by Director Phillip C. Peckman, who bought 126,000 shares; Director Louis Castle, who bought 21,000 shares; President David Lopez, who bought 11,200 shares; SVP Brooke Dunn, who bought 10,000 shares; SVP Jerome R. Smith, who bought 8,800 shares; and finally, SVP James P. Jackson and Ernst Blaha, who each bought 5,000 shares.
President Stargames Piers Morgan bought 3,000 shares of SHFL stock on 7/25/08 at $4.25; the price of the stock has increased by 15.29% since.
Shuffle Master Inc. has a market cap of $259.22 million; its shares were traded at around $4.9 with a P/E ratio of 14.08 and P/S ratio of 1.39.
Merrill Lynch & Co. Inc. (MER): Chairman & CEO, Director John A. Thain Bought 500,000 Shares
State of Massachusetts sued financial manager Merrill Lynch & Co. Inc. (MER) and Swiss bank UBS for foul-play in their auction-security sales. Late-July, Merril Lynch shares fell 10% as the credit and housing sectors declined. The company shares have lost nearly 50% its value since the beginning of the year. Merrill divested $4.5 billion worth of Bloomberg shares. The company lost $4.7 billion or $4.97 per diluted share for the second quarter, compared to last year quarter’s earnings of $2.1 billion or $2.24 per diluted share.
Robert Olstein, Bill Nygren, Chris Davis, Bill Miller, Brian Rogers, Ruane Cunniff, Kenneth Fisher, and Richard Snow own shares of Merrill Lynch; and Richard Pzena sold out all his MER holdings prior to March.
Chairman & CEO, Director of Merrill Lynch & Co. Inc. John A. Thain bought 500,000 shares on 7/29/08 at $26.85. Other buys were made at $22.50 last month: President Gregory J. Fleming and EVP Robert J. Mccann each bought 100,000 shares; EVP Rosemary T. Berkery bought 45,000 shares; EVP & CFO Nelson Chai bought 22,700 shares; EVP Thomas J. Sanzone bought 10,000 shares; and Director Ann N. Reese bought 8,000 shares.
Merrill Lynch & Co. Inc. has a market cap of $26.46 billion; its shares were traded at around $26.85. The dividend yield of Merrill Lynch & Co. Inc. stocks is 5.21%.
Continental Resources Inc. (CLR): CEO, Chairman, Director, 10% Owner Harold Hamm Bought 100,000 Shares
CONTINENTAL RESOURCES (CLR) is an independent oil and natural gas exploration and production company in the U.S. The company posted a second quarter profit of $127.3 million or $0.75 a share on strong gas and oil revenue of $303.4 million. In contrast with loss in the same quarter last year of $142.5 million or $0.87 a share, on revenue of $145.3 million.
John Keeley bought 41,000 shares in the quarter that ended on 3/31/08.
CEO, Chairman, Director, 10% Owner of Continental Resources Inc. Harold Hamm bought 100,000 shares during the past week at $56.40.
As of May, insiders made large sells between $50.88 and $65.04: SVP Jack H. Stark sold 61,658 shares; SVP Tom E. Luttrell sold 36,946 shares; SVP Jeff B. Hume sold 22,000 shares; Director Robert J. Grant sold 7,000 shares; VP & CFO John D. Hart sold 6,000 shares.
Continental Resources Inc. has a market cap of $9.48 billion; its shares were traded at around $56.4 with a P/E ratio of 19.62 and P/S ratio of 10.67.
Allegheny Technologies Inc. (ATI): Chairman, President and CEO, Director L Patrick Hassey Bought 50,000 Shares
Allegheny Technologies Incorporated (ATI) made an income of $168.9 million or $1.66 a share for the second quarter, which is 18% lower compared to $206.5 or $2 a share in the second quarter of 2007. "It's no surprise that demand is weak from the U.S. automotive and housing markets," CEO L. Patrick Hassey stated.
John Keeley, David Dreman, and Kenneth Fisher kept their ATI shares nearly unchanged.
Chairman, President and CEO, Director L. Patrick Hassey and CFO Richard J Harshman bought 50,000 shares, and 10,000 shares, respectively on 7/28/08 at $46.56.
EVP, Corporate Planning Douglas A Kittenbrink sold 33,000 shares on 4/25/08 at $72.05.
Chairman, President and CEO, Director of Allegheny Technologies Inc. L Patrick Hassey bought 50,000 shares on 7/28/08 at $45.97.
Allegheny Technologies Inc. has a market cap of $4.63 billion; its shares were traded at around $45.97 with a P/E ratio of 7.19 and P/S ratio of 0.88. The dividend yield of Allegheny Technologies Inc. stocks is 1.57%.
Travelzoo Inc (TZOO): CEO, Director, 10% Owner Ralph Bartel Bought 188,100 Shares
Travelzoo Inc (TZOO) publishes Travelzoo and Weekend.com. The internet media company reported a second quarter loss of $1.2 million or $0.08 a share compared to earnings of $0.17 in 2007, despite revenue increase of $21.8 million.
CEO, Director, 10% Owner of Travelzoo Inc Ralph Bartel bought 188,100 shares during the past week at $7.52; prior to last week, CEO Ralph Bartel bought a total of 119,551 shares at $10. Other buys were made between $6.73 and $9.96 since June: 10% Owner Capital Inc Azzurro bought 190,300 shares; 10% Owner Bartel 2005 Trust Ralph bought 188,397 shares; and Director Holger Bartel bought 1,928 shares.
Travelzoo Inc has a market cap of $107.30 million; its shares were traded at around $7.52 with P/S ratio of 1.20.
Shuffle Master Inc. (SHFL): CEO and Chairman, Director Mark Lawrence Yoseloff Bought 100,000 Shares
Shuffle Master Inc. (SHFL) manufactures casino game machines. The company revenue rose 10%, but charges offset earnings to a $0.09 decline comparable to the past two second-quarter. Shuffle Master’s profit decreased 11% to $3 million from $3.4 million. The company recently committed to a $5 million loan from Union Bank of California; SHFL currently has $65 million in loans.
As Richard Aster Jr. kept his 1,203,800 shares, Bruce Sherman sold 54% of his SHFL holdings.
CEO and Chairman, Director Mark Lawrence Yoseloff bought 100,000 shares on 7/25/08 at $4.25. Other buys were also made on 7/25/08 at $4.25 by Director Phillip C. Peckman, who bought 126,000 shares; Director Louis Castle, who bought 21,000 shares; President David Lopez, who bought 11,200 shares; SVP Brooke Dunn, who bought 10,000 shares; SVP Jerome R. Smith, who bought 8,800 shares; and finally, SVP James P. Jackson and Ernst Blaha, who each bought 5,000 shares.
President Stargames Piers Morgan bought 3,000 shares of SHFL stock on 7/25/08 at $4.25; the price of the stock has increased by 15.29% since.
Shuffle Master Inc. has a market cap of $259.22 million; its shares were traded at around $4.9 with a P/E ratio of 14.08 and P/S ratio of 1.39.
