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I screened with Open Insider for insider sell transactions filed on October 4. From this list, I chose the top five stocks with insider selling in dollar terms. Here is a look at the top five stocks:

1. Liberty Media (LMCA) owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club and TruePosition its interests in Starz, SiriusXM (SIRI), Live Nation Entertainment ()LYV) and Barnes & Noble (BKS), and minority equity investments in Time Warner (TWC) and Viacom (VIA).


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Insider sells

Gregory Maffei sold 371,941 shares on October 2 pursuant to a 10b5-1 trading plan adopted by the reporting person. Gregory Maffei is the President and CEO of the company.

Financials

The company reported the second-quarter financial results on August 8 with the following highlights:

Revenue $537 million
Net income $156 million
Cash $1.8 billion

My analysis

The stock has met its $95 price target from the Point and Figure chart. There have been 16 insider sell transactions and there has not been any insider buy transactions this year. The stock is trading at a forward P/E ratio of 32.30. The stock is currently at its all time high level. I have a neutral bias for the stock currently.

2. AMC Networks (AMCX) owns and operates several of the most popular and award-winning brands in cable television. AMC, IFC, Sundance Channel, WE tv, and IFC Films deliver distinctive, compelling and culturally relevant content that engages audiences across multiple platforms. The company also operates AMC/Sundance Channel Global, an international programming business, and AMC Networks Broadcasting & Technology, a full-service network programming feed origination and distribution company.


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Insider sells

Luxor Capital Group sold 875,000 shares on October 2. Luxor Capital Group owns more than 10% of AMC Networks.

Financials

The company reported the second-quarter financial results on August 9 with the following highlights:

Revenue $327.6 million
Net income $41.5 million
Cash $307.8 million

My analysis

The stock has a $66 price target from the Point and Figure chart. There have been three insider sell transactions and there has not been any insider buy transactions this year. The stock is trading at a forward P/E ratio of 14.80. I am not interested in shorting the stock before the $66 price target is hit.

3. Ascena Retail Group (ASNA) is a leading specialty retailer offering clothing, shoes, and accessories for missy and plus-size women and tween girls, under the Justice, Lane Bryant, maurices, dressbarn and Catherines brands. Ascena Retail Group operates through its subsidiaries approximately 3,800 stores throughout the United States, Puerto Rico and Canada.


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Insider sells

Elliot Jaffe sold 480,000 shares on October 2-4. Elliot Jaffe serves as a director of the company.

Financials

The company reported the full-year ended July 28, 2012 financial results on September 19 with the following highlights:

Revenue $3.35 billion
Net income $162.2 million
Cash $168.9 million

Outlook

The company's guidance for adjusted earnings per diluted share from continuing operations for the fiscal year ending July 2013 is in the range of $1.45 to $1.55, excluding one-time, acquisition-related integration and restructuring costs that may be incurred related to the Charming acquisition. This estimate is based upon various assumptions, including a mid-single digit increase in consolidated comparable store sales. The company plans to open approximately 180 to 200 stores and close 100 to 120 stores, ending the fiscal year with approximately 3,900 Justice, Lane Bryant, maurices, dressbarn and Catherines stores in operation and achieving approximately $5 billion in net sales.

My analysis

The stock has a $32.5 price target from the Point and Figure chart. There have been 18 insider sell transactions and there has been one insider buy transaction this year. The stock is trading at a P/E ratio of 19.70. I am not interested in shorting the stock before the $32.5 price target is hit.

4. Accenture (ACN) is a global management consulting, technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of $27.9 billion for the fiscal year ended Aug. 31, 2012.


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Insider sells

  • William Green sold 90,000 shares on October 2-3 pursuant to a rule 10b5-1 trading plan. William Green is the executive chairman of Accenture.
  • Martin Cole sold 33,000 shares on October 2 pursuant to a rule 10b5-1 trading plan. Martin Cole is group chief executive of Accenture's Technology growth platform, with responsibility for the full range of Accenture's technology consulting and outsourcing solutions as well as the company's delivery capabilities including its Global Delivery Network.
  • Robert Lipp sold 10,000 shares on October 2. Robert Lipp has been a member of Accenture's board of directors since October 2001.
  • Pamela Craig sold 3,000 shares on October 2 pursuant to a rule 10b5-1 trading plan. Pamela Craig is Accenture's chief financial officer.

Financials

The company reported the full-year ended August 31, 2012 financial results on September 27 with the following highlights:

Revenue $27.9 billion
Net income $2.8 billion
Cash $6.6 billion

Outlook

First Quarter Fiscal 2013

Accenture expects net revenues for the first quarter of fiscal 2013 to be in the range of $7.1 billion to $7.35 billion, which assumes a foreign-exchange impact of negative 3 percent compared with the first quarter of fiscal 2012.

Fiscal Year 2013

For fiscal 2013, the company expects net revenue growth to be in the range of 5 percent to 8 percent in local currency. The company expects diluted EPS to be in the range of $4.22 to $4.30.

Accenture is targeting new bookings for fiscal 2013 in the range of $31 billion to $34 billion.

My analysis

The stock has a $72 price target from the Point and Figure chart. There have been 14 insider sell transactions and there has not been any insider buy transactions since April 2012. The stock is trading at a forward P/E ratio of 15.76. I am not interested in shorting the stock before the $72 price target is hit.

5. The Cooper Companies (COO) is a global medical device company publicly traded on the NYSE Euronext. Cooper is dedicated to being A Quality of Life Company with a focus on delivering shareholder value. Cooper operates through two business units, CooperVision and CooperSurgical. CooperVision brings a refreshing perspective on vision care with a commitment to crafting a wide range of high-quality products for contact lens wearers and providing focused practitioner support. CooperSurgical focuses on supplying women's health clinicians with market leading products and treatment options to improve the delivery of healthcare to women. Headquartered in Pleasanton, CA, Cooper has more than 7,500 employees with products sold in over 100 countries.


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Insider sells

Financials

The company reported the third-quarter ended July 31 financial results on September 6 with the following highlights:

Revenue $378.2 million
Net income (GAAP) $66.9 million
Cash $12.7 million

Outlook

The company's guidance is summarized as follows:

2012 Guidance 2012 Q4 Guidance
Revenue (millions) $1,439 - $1,449 $390-$400
EPS (GAAP) $5.10-$5.15 $1.50-$1.55

My analysis

The stock has a $157 price target from the Point and Figure chart. There have been 37 insider sell transactions and there has not been any insider buy transactions this year. The stock is trading at a forward P/E ratio of 17.33. I am not interested in shorting the stock before the $157 price target is hit.

Source: Top 5 Stocks With Insider Sells Filed On October 4 To Consider