Weekly CEO Buys Highlight: AVEO, ZAZA, TUES, TUES, FRAN, AKVA

Author's Avatar
Dec 16, 2012
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:






AVEO Pharmaceuticals Inc. (AVEO, Financial): CEO Tuan Ha-Ngoc Bought 75,000 Shares



CEO of AVEO Pharmaceuticals Inc. (AVEO) Tuan Ha-Ngoc bought 75,000 shares on 12/13/2012 at an average price of $7.12. AVEO Pharmaceuticals Inc. was incorporated under the laws of the State of Delaware on Oct. 19, 2001 as GenPath Pharmaceuticals Inc. Aveo Pharmaceuticals Inc. has a market cap of $261.07 million; its shares were traded at around $7.12 with and P/S ratio of 1.58.


AVEO Pharmaceuticals recently reported its third quarter 2012 financial results. Total collaboration revenue for the third quarter of 2012 was approximately $1 million, compared with $3.6 million for the third quarter of 2011.


Seth Klarman owns 5,084,652 shares as of 9/30/2012, which accounts for 1.6% of the $3.26 billion portfolio of The Baupost Group.


CFO David Brannon Johnston sold 1,386 shares of AVEO stock on 9/13/2012 at the average price of 10.6. David Brannon Johnston owns at least 24,593 shares after this. The price of the stock has decreased by 32.83% since. There are mixed trades from other insiders.


ZaZa Energy Corp. (ZAZA, Financial): President, CEO and 10% Owner Todd Alan Brooks Bought 196,850 Shares


President, CEO and 10% owner of ZaZa Energy Corp. (ZAZA) Todd Alan Brooks bought 196,850 shares on 12/13/2012 at an average price of $2.33. ZaZa Energy Corp. is a privately-held independent exploration and production company focused on the exploration and development of unconventional onshore oil and gas resources in the United States of America. Zaza Energy Corp. has a market cap of $203.03 million; its shares were traded at around $2.33 with and P/S ratio of 11.56.


ZAZA recently reported record third quarter 2012 financial results. The company reported total revenues and other income for the third quarter ended Sept. 30, 2012 of $207.2 million as compared to $4.4 million in the comparable year-ago period. This includes oil and gas revenues of $10.2 million and $0.8 million for the periods ended Sept. 30, 2012, and Sept. 30, 2011, respectively.


CFO Ian H. Fay bought 25,000 shares of ZaZa stock on 12/11/2012 at the average price of 2.13. Ian H. Fay owns at least 75,000 shares after this. The price of the stock has increased by 9.39% since. Other insiders have also increased their positions in the company.


Tuesday Morning Corp.(TUES, Financial): President and CEO Brady Churches Bought 48,614 Shares


President and CEO of Tuesday Morning Corp. (TUES, Financial) Brady Churches bought 48,614 shares on 12/06/2012 at an average price of $5.80. Tuesday Morning Corp. is a Delaware corporation incorporated in 1991. Tuesday Morning Corp. has a market cap of $257.11 million; its shares were traded at around $5.80 with a P/E ratio of 60.5 and P/S ratio of 0.32. Tuesday Morning Corp. had an annual average earnings growth of 6.2% over the past 10 years.


Joel Greenblatt bought 25,105 shares in the quarter that ended on 9/30/2012, which is 0.011% of the $1.5 billion portfolio of Gotham Capital. Donald Smith owns 2,747,032 shares as of 9/30/2012, which accounts for 0.54% of the $3.32 billion portfolio of Donald Smith & Co..


Director Steven R Becker bought 1,900 shares of TUES stock on 12/12/2012 at the average price of $5.75. Becker owns at least 3,658,021 shares after this. The price of the stock has increased by 0.87% since. Other insiders have also increased their positions in the company.


Francescas Holdings Corp. (FRAN, Financial): CEO John Thomas De Merritt Bought 10,000 Shares


CEO of Francescas Holdings Corp. (FRAN) John Thomas De Merritt bought 10,000 shares on 12/12/2012 at an average price of $24.66. Francescas Holdings Corp. was incorporated in Delaware in 2007. Francescas Holdings Corp. has a market cap of $1.04 billion; its shares were traded at around $24.66 with a P/E ratio of 26.19 and P/S ratio of 5.11.


FRAN recently announced its third quarter 2012 financial results. The company reported net income for the third quarter of fiscal 2012 of $10.8 million or $0.24 per diluted share compared to net income for the third quarter of fiscal 2011 of $4.7 million, or $0.11 per diluted share.


Executive Vice President, Chief Administrative Officer and GC Khalid Mir Malik bought 4,233 shares of FRAN stock on 12/12/2012 at the average price of 23.6. Khalid Mir Malik owns at least 59,592 shares after this. The price of the stock has increased by 4.49% since. Other insiders have also increased their positions in the company.


AKVA Group ASA (AKVA, Financial): President, CEO, Secretary Pierre Georges Mulacek Bought 2,000,000 Shares


President, CEO and Secretary of AKVA Group ASA (AKVA) Pierre Georges Mulacek bought 2,000,000 shares on 12/14/2012 at an average price of $11.6. Arkanova Energy Corp. has a market cap of $0.5 million; its shares were traded at around $0.03 with a P/E ratio of 0.1 and P/S ratio of 0.4.


Mulacek bought 2,000,000 shares of AKVA stock on 12/14/2012 at the average price of 0.1. Pierre Georges Mulacek owns at least 587,500 shares after this.