According to
GuruFocus updates
, these stocks have declined the most since Gurus have bought.
Spirit Airlines Incorporated (
SAVE
): Down 21% Since
Manning & Napier Advisors, Inc
Bought In the Quarter Ended on 2012-06-30
Manning & Napier Advisors, Inc
added to his holdings in Oil Equipment & Services company
Spirit Airlines Incorporated by 447.95% during the quarter ended
06/30/2012. His purchase prices were between $17.94 and $23.9,
with an estimated average price of $20.93. Since then the prices
of Spirit Airlines Incorporated shares have declined by -21% from
the estimated average.
Manning & Napier Advisors, Inc
owned 1,647,690 shares of as of 06/30/2012.
Spirit Airlines Inc. operates an airline based in Fort Lauderdale
providing travel opportunity principally to and from South
Florida, the Caribbean and Latin America. Spirit Airlines
Incorporated has a market cap of $1.32 billion; its shares were
traded at around $16.58 with a P/E ratio of 12.7 and P/S ratio of
1.2.
SAVE recently reported its second quarter 2012 financial results.
Net income, excluding special items, for the second quarter 2012
increased 35.4 percent to $35.3 million, or $0.49 per diluted
share, as compared to pro forma second quarter 2011 net income.1
GAAP net income for second quarter 2012 was $34.6 million, or
$0.48 per diluted share.
Joel Greenblatt bought 158,046 shares in the quarter that ended
on 06/30/2012, which is 0.23% of the $1.36 billion portfolio of
Gotham Capital. PRIMECAP Management owns 57,000 shares as of
06/30/2012, an increase of 280% from the previous quarter. This
position accounts for 0.0019% of the $59.94 billion portfolio of
PRIMECAP Management. Robert Olstein owns 243,000 shares as of
06/30/2012, an increase of 50.65% from the previous quarter. This
position accounts for 0.92% of the $511 million portfolio of
Olstein All-Cap Value Fund.
Senior VP and COO Tony Lefebvre sold 8,000 shares of SAVE stock
on 09/04/2012 at the average price of 19.2. Tony Lefebvre owns at
least 47,211 shares after this. The price of the stock has
decreased by 13.65% since. Other insiders have also decreased
their positions in the company.
Health Net, Inc. (
HNT
): Down 24% Since First Pacific Advisors Bought In the Quarter
Ended on 2012-06-30
First Pacific Advisors initiated holdings in Health Care
Providers company Health Net, Inc. during the quarter ended
06/30/2012. His purchase prices were between $24.24 and $40.51,
with an estimated average price of $29.82. Since then the prices
of Health Net, Inc. shares have declined by -24% from the
estimated average. First Pacific Advisors owned 508,000 shares of
as of 06/30/2012.
Health Net, Inc. is an integrated managed care organization which
administers the delivery of managed health care services. Health
Net, Inc. has a market cap of $1.94 billion; its shares were
traded at around $22.62 with a P/E ratio of 8.4 and P/S ratio of
0.2.
Health Net recently announced 2012 second quarter GAAP net income
of $124.6 million, or $1.48 per diluted share, compared with
$58.3 million, or $0.63 per diluted share, for the second quarter
of 2011.
Jean-Marie Eveillard owns 1,518,760 shares as of 06/30/2012,
which accounts for 0.14% of the $25.72 billion portfolio of First
Eagle Investment Management, LLC. Edward Owens owns 3,663,458
shares as of 06/30/2012, which accounts for 0.42% of the $21.29
billion portfolio of Vanguard Health Care Fund. Richard Snow owns
1,639,003 shares as of 06/30/2012, which accounts for 2.2% of the
$1.84 billion portfolio of Snow Capital Management, L.P..
Director Frederick C Yeager sold 550 shares of HNT stock on
05/23/2012 at the average price of 25.33. Frederick C Yeager owns
at least 12,240 shares after this. The price of the stock has
decreased by 10.7% since. Other insiders have also decreased
their positions in the company.
Marvell Technology Group Ltd. (
MRVL
): Down 24% Since Steven Cohen Bought In the Quarter Ended on
2012-06-30
Steven Cohen added to his holdings in Semiconductors company
Marvell Technology Group Ltd. by 3420.73% during the quarter
ended 06/30/2012. His purchase prices were between $11.06 and
$15.77, with an estimated average price of $13.52. Since then the
prices of Marvell Technology Group Ltd. shares have declined by
-24% from the estimated average. Steven Cohen owned 1,497,294
shares of as of 06/30/2012.
Marvell Technology is a designer, developer and supplier of
mixed-signal and digital signal processing integrated circuit for
high-speed, high-density, digital data storage and broadband
digital data networking markets. Marvell Technology Group Ltd.
has a market cap of $5.73 billion; its shares were traded at
around $10.33 with a P/E ratio of 11.6 and P/S ratio of 1.7. The
dividend yield of Marvell Technology Group Ltd. stocks is 2.4%.
Marvell Technology Group Ltd. had an annual average earnings
growth of 32.3% over the past 10 years. GuruFocus rated Marvell
Technology Group Ltd. the business predictability rank of
2.5-star.
Marvell recently reported its second quarter 2013 financial
results. Revenue for the second quarter of fiscal 2013 was $816
million, a 2 percent sequential increase from $796 millionin the
first quarter of fiscal 2013, ended April 28, 2012, and a
decrease of 9 percent from $898 million in the second quarter of
fiscal 2012, ended July 30, 2011.
David Dreman owns 552,396 shares as of 06/30/2012, an increase of
165.58% from the previous quarter. This position accounts for
0.15% of the $4.28 billion portfolio of Dreman Value Management.
David Einhorn owns 25,602,479 shares as of 06/30/2012, an
increase of 39.35% from the previous quarter. This position
accounts for 4.5% of the $6.37 billion portfolio of Greenlight
Capital. Daniel Loeb sold out his holdings in the quarter that
ended on 06/30/2012.
VP, Chief Technology Officer Pantas Sutardja, sold 41,668 shares
of MRVL stock on 06/01/2012 at the average price of 12.05. Pantas
Sutardja, owns at least 37,615,435 shares after this. The price
of the stock has decreased by 14.27% since.
VeriFone Systems Inc (
PAY
): Down 27% Since Meridian Funds Bought In the Quarter Ended on
2012-06-30
Meridian Funds added to his holdings in Computer Hardware company
Verifone Systems Inc by 40.59% during the quarter ended
06/30/2012. His purchase prices were between $30.33 and $54.84,
with an estimated average price of $43.34. Since then the prices
of VeriFone Systems Inc shares have declined by -27% from the
estimated average. Meridian Funds owned 796,685 shares of as of
06/30/2012.
Verifone Holdings, Inc., a global leader in secure electronic
payment technologies, provides expertise, solutions and services
for today with a migration strategy for tomorrow. Verifone
Systems Inc has a market cap of $3.75 bllion; its shares were
traded at around $31.73 with a P/E ratio of 18.5 and P/S ratio of
2.9.
Verifone recently reported its third quarter 2012 financial
results. Non-GAAP net income per diluted share for Q3 FY12 was
$0.75, compared to $0.64 in the prior quarter and $0.49 for the
three months ended July 31, 2011 ("Q3 FY11"), a 53%
year-over-year increase. GAAP net income per diluted share for
the latest quarter was $0.34, compared to $0.03 in the prior
quarter and $0.28 in Q3 FY11.
Ken Fisher bought 376,550 shares in the quarter that ended on
06/30/2012, which is 0.037% of the $33.72 billion portfolio of
Fisher Asset Management, LLC. Michael Price owns 185,000 shares
as of 06/30/2012, an increase of 51.02% from the previous
quarter. This position accounts for 0.88% of the $692 million
portfolio of MFP Investors LLC. Meridian Funds owns 796,685
shares as of 06/30/2012, an increase of 40.59% from the previous
quarter. This position accounts for 0.88% of the $3 billion
portfolio of Meridian Fund.
CEO Douglas Bergeron bought 155,000 shares of PAY stock on
07/06/2012 at the average price of 32.5. Douglas Bergeron owns at
least 664,375 shares after this. The price of the stock has
decreased by 2.37% since.
Halcon Resources Corp (
HK
): Down 21% Since Louis Moore Bacon Bought In the Quarter Ended
on 2012-06-30
Louis Moore Bacon initiated holdings in Exploration &
Production company Halcon Resources Corp during the quarter ended
06/30/2012. His purchase prices were between $8.36 and $11, with
an estimated average price of $9.67. Since then the prices of
Halcon Resources Corp shares have declined by -21% from the
estimated average. Louis Moore Bacon owned 986,602 shares of as
of 06/30/2012.
Halcon Resources Corporation is an energy company engaged in the
acquisition, exploration and development of onshore oil and
natural gas properties in the United States. Halcon Resources
Corp has a market cap of $1.63 billion; its shares were traded at
around $7.66 with and P/S ratio of 15.7.
Director James W Christmas bought 100,000 shares of HK stock on
09/13/2012 at the average price of 7.24. James W Christmas owns
at least 105,000 shares after this. The price of the stock has
increased by 5.8% since. Other insiders have also increased their
positions in the company.About GuruFocus: GuruFocus.com tracks
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