Last week's top stocks that were bought by their CEOs were Sunstone Hotel Investors Inc, Brigham Exploration Company, Hasbro Inc, and Masimo Corp. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
Sunstone Hotel Investors Inc. (SHO, Financial): President & CEO Arthur L Buser Bought 80,000 Shares
President & CEO of Sunstone Hotel Investors Inc. (SHO) Arthur L Buser bought 80,000 shares during the past week at an average price of $5.81. Sunstone Hotel Investors Inc. is a Southern California-based lodging real estate company. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies such as Marriott Hilton InterContinental and Hyatt. Sunstone Hotel Investors Inc. has a market cap of $317.9 million; its shares were traded at around $5.81 with a P/E ratio of 2.4 and P/S ratio of 0.3.
Sunstone recently reported its first quarter 2009 results. The company announced that its revenue was $188.6 million, and that its hotel operating profit was 22.8%. Art Buser, President and Chief Executive Officer, stated, “Despite one of the most challenging economic environments in recent history, we are pleased with our ability to control costs and deliver solid margins. As a result of our cost cutting initiatives, our hotel operating margins declined just 300 basis points for the quarter. Our team continues to work with our managers to streamline our hotels’ operations and maximize cash flow and ensure an efficient and effective organization. We remain focused on balance sheet improvements and enhancing our liquidity position.”
David Einhorn owns 329,787 shares as of 03/31/2009, an increase of 22.37% from the previous quarter. This position accounts for 0.04% of the $2.38 billion portfolio of Greenlight Capital Inc.
This company was also bought by its CFO. CFO Kenneth Edward Cruse bought 15,000 shares of SHO stock on 03/10/2009 at the average price of $2.53; the price of the stock has increased by 129.64% since.
Brigham Exploration Company (BEXP, Financial): President and CEO Ben M Brigham Bought 100,000 Shares
President and CEO of Brigham Exploration Company (BEXP) Ben M Brigham bought 100,000 shares on 05/26/2009 at an average price of $3.41. Brigham Exploration Co. is an independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore oil and natural gas provinces in the United States. The company has a market cap of $155.7 million; its shares were traded at around $3.41 with a P/E ratio of 17.7 and P/S ratio of 1.3. Brigham Exploration Company had an annual average earning growth of 11.7% over the past 5 years.
Brigham Exploration recently reported its first quarter 2009 results. Highlights: Revenues from the sale of oil and natural gas including hedge settlements but excluding unrealized hedging gains and losses for the first quarter 2009 were down 30% to $21.3 million when compared to the first quarter 2008. Oil revenue decreased $10.6 million due to lower prices and was partially offset by a $5.4 million increase from higher production volumes, which was largely driven by a 173% increase in oil production volumes in the Williston Basin.
Buy: Executive V.P. and CFO Eugene B Shepherd bought 40,000 shares of BEXP stock on 05/26/2009 at the average price of $2.75; the price of the stock has increased by 24% since.
Hasbro Inc. (HAS, Financial): President and CEO Brian Goldner Bought 10,000 Shares
President and CEO of Hasbro Inc. (HAS) Brian Goldner bought 10,000 shares on 05/26/2009 at an average price of $25.41. Hasbro Inc. is a worldwide leader in children's and family leisure time and entertainment products and services including the design manufacture and marketing of games and toys ranging from traditional to high-tech. The company has a market cap of $3.54 billion; its shares were traded at around $25.41 with a P/E ratio of 13.4 and P/S ratio of 0.9. The dividend yield of Hasbro Inc. stocks is 3.2%. Hasbro Inc. had an annual average earning growth of 4.4% over the past 10 years.
Hasbro recently reported its fiscal year 2008 results. The company announced that its revenue was $4 billion for the year, up 5% from results a year ago. “In a challenging environment, we delivered both revenue and earnings per share growth in 2008, while also continuing to make investments in our future,” said Brian Goldner, President and Chief Executive Officer. “As we look to the year ahead, given the severity of the downturn in global economies, we are focused on keeping costs down, managing our operating cash flow and continuing to invest in our business for the long term. That said, we believe the underlying strength of our brands and commitment to our strategy should enable Hasbro to grow revenue and earnings per share in 2009, absent a material deterioration in economic conditions or the value of foreign currencies.”
John Hussman owns 2,500,000 shares as of 03/31/2009, an increase of 100% from the previous quarter. This position accounts for 1.54% of the $4.07 billion portfolio of Hussman Economtrics Advisors, Inc.. Richard Pzena sold out his holdings in the quarter that ended on 03/31/2009.
This company is also being bought by its COO and CFO: David D R Hargreaves . He bought 10,000 shares of HAS stock on 05/15/2009 at the average price of $22.87; the price of the stock has increased by 11.11% since. Other insiders have also recently traded in the company.
Masimo Corp. (MASI, Financial): CEO and Chairman of the Board Joe E Kiani Bought 10,000 Shares
CEO and Chairman of the Board of Masimo Corp. (MASI) Joe E Kiani bought 10,000 shares on 05/21/2009 at an average price of $23.94. Masimo develops innovative monitoring technologies that significantly improve patient care -- helping solve `unsolvable` problems. The company has a market cap of $1.36 billion; its shares were traded at around $23.94 with a P/E ratio of 27.6 and P/S ratio of 4.5.
Ron Baron owns 1,325,000 shares as of 03/31/2009, which accounts for 0.4% of the $9.64 billion portfolio of Baron Funds.
Sunstone Hotel Investors Inc. (SHO, Financial): President & CEO Arthur L Buser Bought 80,000 Shares
President & CEO of Sunstone Hotel Investors Inc. (SHO) Arthur L Buser bought 80,000 shares during the past week at an average price of $5.81. Sunstone Hotel Investors Inc. is a Southern California-based lodging real estate company. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies such as Marriott Hilton InterContinental and Hyatt. Sunstone Hotel Investors Inc. has a market cap of $317.9 million; its shares were traded at around $5.81 with a P/E ratio of 2.4 and P/S ratio of 0.3.
Sunstone recently reported its first quarter 2009 results. The company announced that its revenue was $188.6 million, and that its hotel operating profit was 22.8%. Art Buser, President and Chief Executive Officer, stated, “Despite one of the most challenging economic environments in recent history, we are pleased with our ability to control costs and deliver solid margins. As a result of our cost cutting initiatives, our hotel operating margins declined just 300 basis points for the quarter. Our team continues to work with our managers to streamline our hotels’ operations and maximize cash flow and ensure an efficient and effective organization. We remain focused on balance sheet improvements and enhancing our liquidity position.”
David Einhorn owns 329,787 shares as of 03/31/2009, an increase of 22.37% from the previous quarter. This position accounts for 0.04% of the $2.38 billion portfolio of Greenlight Capital Inc.
This company was also bought by its CFO. CFO Kenneth Edward Cruse bought 15,000 shares of SHO stock on 03/10/2009 at the average price of $2.53; the price of the stock has increased by 129.64% since.
Brigham Exploration Company (BEXP, Financial): President and CEO Ben M Brigham Bought 100,000 Shares
President and CEO of Brigham Exploration Company (BEXP) Ben M Brigham bought 100,000 shares on 05/26/2009 at an average price of $3.41. Brigham Exploration Co. is an independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore oil and natural gas provinces in the United States. The company has a market cap of $155.7 million; its shares were traded at around $3.41 with a P/E ratio of 17.7 and P/S ratio of 1.3. Brigham Exploration Company had an annual average earning growth of 11.7% over the past 5 years.
Brigham Exploration recently reported its first quarter 2009 results. Highlights: Revenues from the sale of oil and natural gas including hedge settlements but excluding unrealized hedging gains and losses for the first quarter 2009 were down 30% to $21.3 million when compared to the first quarter 2008. Oil revenue decreased $10.6 million due to lower prices and was partially offset by a $5.4 million increase from higher production volumes, which was largely driven by a 173% increase in oil production volumes in the Williston Basin.
Buy: Executive V.P. and CFO Eugene B Shepherd bought 40,000 shares of BEXP stock on 05/26/2009 at the average price of $2.75; the price of the stock has increased by 24% since.
Hasbro Inc. (HAS, Financial): President and CEO Brian Goldner Bought 10,000 Shares
President and CEO of Hasbro Inc. (HAS) Brian Goldner bought 10,000 shares on 05/26/2009 at an average price of $25.41. Hasbro Inc. is a worldwide leader in children's and family leisure time and entertainment products and services including the design manufacture and marketing of games and toys ranging from traditional to high-tech. The company has a market cap of $3.54 billion; its shares were traded at around $25.41 with a P/E ratio of 13.4 and P/S ratio of 0.9. The dividend yield of Hasbro Inc. stocks is 3.2%. Hasbro Inc. had an annual average earning growth of 4.4% over the past 10 years.
Hasbro recently reported its fiscal year 2008 results. The company announced that its revenue was $4 billion for the year, up 5% from results a year ago. “In a challenging environment, we delivered both revenue and earnings per share growth in 2008, while also continuing to make investments in our future,” said Brian Goldner, President and Chief Executive Officer. “As we look to the year ahead, given the severity of the downturn in global economies, we are focused on keeping costs down, managing our operating cash flow and continuing to invest in our business for the long term. That said, we believe the underlying strength of our brands and commitment to our strategy should enable Hasbro to grow revenue and earnings per share in 2009, absent a material deterioration in economic conditions or the value of foreign currencies.”
John Hussman owns 2,500,000 shares as of 03/31/2009, an increase of 100% from the previous quarter. This position accounts for 1.54% of the $4.07 billion portfolio of Hussman Economtrics Advisors, Inc.. Richard Pzena sold out his holdings in the quarter that ended on 03/31/2009.
This company is also being bought by its COO and CFO: David D R Hargreaves . He bought 10,000 shares of HAS stock on 05/15/2009 at the average price of $22.87; the price of the stock has increased by 11.11% since. Other insiders have also recently traded in the company.
Masimo Corp. (MASI, Financial): CEO and Chairman of the Board Joe E Kiani Bought 10,000 Shares
CEO and Chairman of the Board of Masimo Corp. (MASI) Joe E Kiani bought 10,000 shares on 05/21/2009 at an average price of $23.94. Masimo develops innovative monitoring technologies that significantly improve patient care -- helping solve `unsolvable` problems. The company has a market cap of $1.36 billion; its shares were traded at around $23.94 with a P/E ratio of 27.6 and P/S ratio of 4.5.
Ron Baron owns 1,325,000 shares as of 03/31/2009, which accounts for 0.4% of the $9.64 billion portfolio of Baron Funds.
