Weekly CEO Sells Highlight: Smiths News, Prestige Brands Holdings, Proto Labs, Imax Corp

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Nov 26, 2012
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Smiths News Plc, Prestige Brands Holdings Inc., Proto Labs Inc. and Imax Corporation.

Smiths News Plc (NWS, Financial): Chairman and CEO Keith Rupert Murdoch Sold 418,631 Shares

Chairman and CEO of Smiths News Plc (NWS) Keith Rupert Murdoch sold 418,631 shares on 11/20/2012 at an average price of $23.95. News Corporation's diversified global operations include the production and distribution of motion pictures and television programming; television, satellite and cable broadcasting; the publication of newspapers, magazines, books; the production and distribution of promotional and advertising products and services; the development of digital broadcasting; the development of conditional access and subscriber management systems; and the creation and distribution of popular on-line programming. News Corporation has a market cap of $58.2 billion; its shares were traded at around $24.825 with a P/E ratio of 16.44 and P/S ratio of 1.73. The dividend yield of News Corporation stocks is 0.68%.

Chairman and CEO Keith Rupert Murdoch sold 418,631 shares of NWS stock on 11/20/2012 at the average price of $23.95. Executive Vice President and Deputy CFO John Nallen sold 50,000 shares of NWS stock on 08/22/2012 at the average price of $23.51. Director Andrew Knight, Director Emeritus Stanley S. Shuman, Director Roderick I. Eddington and Director Lachlan K. Murdoch sold 188,000 shares of NWS stock in August and June.

Prestige Brands Holdings Inc. (PBH, Financial): President and CEO Matthew Mannelly Sold 543,351 Shares

President and CEO of Prestige Brands Holdings Inc. (PBH) Matthew Mannelly sold 543,351 shares during the past week at an average price of $20.04. Prestige Brands Holdings is a marketer and distributor of brand name over-the-counter drug, personal care and household cleaning products sold throughout the U.S. and Canada. Prestige Brands Holdings Inc. has a market cap of $1.06 billion; its shares were traded at around $20.99 with a P/E ratio of 16.53 and P/S ratio of 2.4.

Net sales were $161.3 million and net earnings were $19.2 million for Prestige Brands Holdings Inc.’s third quarter fiscal results.

President and CEO Matthew Mannelly sold 600,000 shares of PBH stock in November. Director Gary E. Costley sold 40,704 shares of PBH stock in November.

Proto Labs Inc. (PRLB, Financial): President and CEO Bradley A. Cleveland Sold 300,000 Shares

President and CEO of Proto Labs Inc. (PRLB) Bradley A. Cleveland sold 300,000 shares on 11/21/2012 at an average price of $31. Proto Labs Inc. is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. Proto Labs Inc. has a market cap of $815.5 million; its shares were traded at around $34.07 with and P/S ratio of 8.24.

Proto Labs Inc. reported their 2012 third quarter results. The company reported net income of $6.7 million and revenues of $32.5 million.

President and CEO Bradley A. Cleveland sold 351,500 shares of PRLB stock in October and November. Chairman, Chief Technology Officer and 10% Owner Lawrence J. Lukis, Director Brian K. Smith, Director Douglas A. Kingsley and COO Donald G. Krantz sold 2,937,510 shares of PRLB stock in November.

Imax Corporation (IMAX, Financial): CEO Richard L. Gelfond Sold 220,000 Shares

CEO of Imax Corporation (IMAX) Richard L. Gelfond sold 220,000 shares on 11/19/2012 at an average price of $22.01. Imax Corporation is an entertainment technology company, with particular emphasis on film and digital imaging technologies including giant-screen images, 3D presentations, post-production and digital projection. Imax Corporation has a market cap of $1.4 billion; its shares were traded at around $21.26 with a P/E ratio of 34.85 and P/S ratio of 5.92.

Imax Corporation reported their third quarter financial results with net sales of $80.7 million and net income of $15.0 million.

CEO Richard L. Gelfond sold 220,000 shares of IMAX stock on 11/19/2012 at the average price of $22.01. Exec Vice President and CFO Joseph Sparacio sold 30,000 shares of IMAX stock on 11/19/2012 at the average price of $22.26. Kevin Douglas bought 983,600 shares of IMAX stock in July and August.

For the complete list of stocks that were bought by their CEOs, go to: Insider Buys.