Throughout the month of October we’ve seen several series of group buys coming from Canadian companies. The following three companies reported the largest Canadian insider buys occurring in October thus far. These companies also have a fairly consistent history of insiders buying their company’s stock.
Canadian Tire Corp (TSX:CTC.A)
Over the past week there were three insiders making several additions to their stake in the company.
Senior Officer Dean Charles McCann made several transactions adding 4,300 shares to his stake. He bought these shares in the price range of $91.40 to $92.83 per share. Since his purchases, the price per share has increased approximately 1.61%.
10% security holder Hugh Lynar purchased a total of 5,400 shares. He bought these in the price range of $91.23 to $92.83 per share, and since his transactions the price per share has increased approximately 2.07%.
Lastly, Senior Officer Robyn Collver made several transactions, adding 5,500 shares to her position in the company. Collver purchased these shares in the price range of $91.23 to $92.83 per share. Since her multiple buys, the price per share has increased about 2.08%.
The company has seen an increase in insider buying coming from these three insiders as the price has hit a 5-year high.
Canadian Tire is comprised of two main business operations that offer a range of retail goods and services including general merchandise, clothing, sporting goods, petroleum and financial services. The Company's two segments are Retail and Financial Services Retail.
Canadian Tire’s historical revenue and net income:
The analysis on the company reports that the company’s revenue has slowed over the past year, that its price is nearing a 5-year high, its dividend yield is near a 5-year low and its asset growth is currently faster than its revenue.
The company has reported several big things happening over the past week. First off the Canadian Tire REIT filed its preliminary prospectus for initial public offering of trust units. And it was also announced that the Maple Leaf Sports & Entertainment would enter in to a long-term partnership with the Canadian Tire Family of Companies. You can read more about this here.
The Peter Lynch Chart suggests that the company is currently undervalued:
Canadian Tire has a market cap of $7.2 billion. Its shares are currently trading at around $93.51 with a P/E ratio of 14.60, a P/S ratio of 0.87 and a P/B ratio of 1.92. The company had an annual average earnings growth of 5.50% over the past ten years.
GuruFocus rated Canadian Tire Corp the business predictability rank of 4.5-star.
Belo Sun Mining Corp. (TSX:BSX)
Over the past week there were two insiders making notable buys into Belo Sun Mining. These insiders bought these shares as the company’s price is trading at a historic low.
On Oct. 9, Senior Officer Ian Pritchard purchased 11,000 shares at an average price of $0.38 per share. This cost him a rather small $4,180. Since his buy the price per share has dropped an additional -7.89%. After his most recent buy, Pritchard holds on to 308,740 shares of company stock.
Director and Senior Officer Mark Eaton made an even larger buy on Oct. 7. Eaton purchased a very noticeable 100,000 shares of his company’s stock. The director purchased these shares at a price of $0.40 per share, costing him a total of $40,000. Since his buy, the price per share has decreased an additional -12.5%.
The company’s insiders have increased their buying as the company’s price has plummeted to its lowest.
Belo Sun Mining, through its subsidiaries, engages in the exploration of gold properties located in Brazil. The company's principal property includes the Volta Grande project located in the northern region of Para state, Brazil. Its other properties are located throughout Brazil.
Belo Sun Mining’s historical revenue and net income:
Recently the company announced that had increased its measured and indicated resources to 5.1 million ounces of gold, plus inferred resources of 2.5 million ounces of gold in its Volta Grande Gold Project.
The analysis on the company reports that its revenue has been in decline over the past three years, its price is at a 3-year low and they have a comfortable interest coverage.
Belo Sun Mining Corp has a market cap of $93.0687 million. Its shares are currently trading at around $0.35 per share. The company had an annual average earnings growth of 24.70% over the past ten years.
Air Canada (TSX:AC.B)
So far in October there have been three different Air Canada directors making buys back into the company. These directors consist of Joseph Leonard, Jean Marc Huot and Michael Green.
Leonard added a total of 5,137 shares to his stake on Oct. 1. The director purchased these shares at an average price of $3.65 per share for a total transaction amount of $18,750.05. Since his buy the price per share has increased about 35.89%. Leonard holds on to a total of 108,214 shares of company stock.
Huot purchased 2,747 shares at an average price of $3.64 per share. This cost the director a total of $9,999.08. Since his buy, the price per share has increased an additional 36.26%. Huot now holds on to a total of 31,097 shares of his company’s stock.
Lastly, Michael Green added 5,137 shares to his stake at an average price of $3.65 per share. This cost the director a total of $18,750.05. Since his buy, the price per share has jumped up about 35.89%. Green now owns at least 108,214 shares of Air Canada stock.
These insider buys come as the company’s price is nearing a 5-year high.
Air Canada provides scheduled passenger services in the Canadian market, the Canada-US transborder market as well as the international markets to and from Canada.
Air Canada’s historical revenue and net income:
The analysis on Air Canada reports that the company’s revenue has been in decline over the past five years, its price is nearing a 5-year high and its Piotroski F-Score is high.
The Peter Lynch Chart suggests that Air Canada is currently undervalued:
Air Canada has a market cap of $1.4 billion. Its shares are currently trading at around $4.96 with a P/E ratio of 4.85 and a P/S ratio of 0.23.
Check out the Canadian Insider Trading page for more Canadian insider buys and sells.
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- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.