Back to Main

Weekly CEO Buys Highlight: MCP

By: GuruFocus
Posted: 2/4/2013 11:45:00 AM
Referenced Stocks: MCP

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:



Molycorp Inc. ( MCP ): President and CEO Constantine Karayannopoulos Bought 16,667 Shares

President and CEO of Molycorp Inc. ( MCP ) Constantine Karayannopoulos bought 16,667 shares on 01/30/2013 at an average price of $7.43. Molycorp Inc. was formed on March 4, 2010, as a new Delaware corporation. Molycorp Inc. has a market cap of $1.03 billion; its shares were traded at around $7.43 with a P/E ratio of 20.3 and P/S ratio of 1.3751.

John Burbank bought 45,143 shares in the quarter that ended on 09/30/2012, which is 0.024% of the $2.19 billion portfolio of Passport Capital. George Soros bought 80,000 shares in the quarter that ended on 09/30/2012, which is 0.015% of the $6.2 billion portfolio of Soros Fund Management LLC.

Molycorp recently announced its third quarter 2012 financial results. The company reported consolidated net revenue of $205.6 million in the third quarter of 2012, a 49% year-over-year increase and a 97% increase over the previous quarter.

Chris Davis owns 274,950 shares as of 09/30/2012, an increase of 12.49% from the previous quarter. This position accounts for 0.0075% of the $41.99 billion portfolio of Davis Selected Advisers. Mario Gabelli owns 124,832 shares as of 09/30/2012, which accounts for 0.01% of the $13.78 billion portfolio of GAMCO Investors. David Williams owns 350,000 shares as of 12/31/2011, which accounts for 0.19% of the $4.48 billion portfolio of Columbia Value and Restructuring Fund.

Executive Vice President and CFO Michael F. Doolan bought 25,000 shares of MCP stock on 08/22/2012 at the average price of $10. Michael F. Doolan owns at least 25,000 shares after this. The price of the stock has decreased by 25.7% since. Other insiders have also decreased their positions in the company.

For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .