Weekly CEO Buys Highlight: CC, OPK, PX, PSG, JOY

A roundup of recent insider buys

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Sep 13, 2015
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According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEO buys is illustrated in the chart below:

The Chemours Co. (CC, Financial): President and CEO Mark P Vergnano Bought 72,600 Shares

President and CEO of The Chemours Co. (CC, Financial) Mark P Vergnano bought 72,600 shares on Sept. 4 at an average price of $9.07. The Chemours Co. has a market cap of $1.64 billion; its shares were traded at around $9.07 with and P/S ratio of 0.27.

The Chemours Company recently reported its second quarter 2015 financial results. Second quarter net sales were $1.5 billion, a decrease of 10 percent from $1.7 billion in the prior-year quarter. Second quarter net loss was $18 million, or a pro forma net loss of $0.10 per diluted share, versus net income of $116 million in the second quarter 2014.

Senior VP and CFO Mark Newman bought 10,600 shares of CC stock on Sept. 9 at the average price of $9.32. Mark Newman owns at least 114,109 shares after this. The price of the stock has decreased by 2.68% since.

Opko Health Inc. (OPK, Financial): CEO & Chairman, 10% Owner Phillp Frost Bought 59,600 Shares

CEO & Chairman, 10% Owner of Opko Health Inc (OPK, Financial) Phillip Frost bought 59,600 shares during the past week at an average price of $10.09. Opko Health Inc. was originally incorporated in Delaware in October 1991 under the name Cytoclonal Pharmaceutics Inc. Opko Health has a market cap of $4.68 billion; its shares were traded at around $10.09 with and P/S ratio of 37.90. Opko Health had an annual average earnings growth of 9.50% over the past 10 years.

George Soros (Trades, Portfolio) owns 235,600 shares as of 2014, which accounts for 0.026% of the $9.64 billion portfolio of Soros Fund Management LLC. Mario Gabelli (Trades, Portfolio) owns 11,000 shares as of 2014, which accounts for 0.0006% of the $18.46 billion portfolio of GAMCO Investors.

Vice Chairman & CTO Jane Hsiao bought 20,000 shares of OPK stock on Aug. 25 at the average price of $10.82. Jane Hsiao owns at least 44,682,095 shares after this. The price of the stock has decreased by 6.75% since.

Praxair Inc. (PX, Financial): Chairman, President & CEO Stephen F Angel Bought 5,000 Shares

Chairman, President & CEO of Praxair (PX, Financial) Stephen F Angel bought 5,000 shares on Sept. 8 at an average price of $104.77. Praxair was founded in 1907 and became an independent publicly traded company in 1992. Praxair has a market cap of $30.01 billion; its shares were traded at around $104.77 with a P/E ratio of 20.34 and P/S ratio of 2.66. The dividend yield of Praxair stocks is 2.65%. Praxair had an annual average earnings growth of 9.50% over the past 10 years. GuruFocus rated Praxair the business predictability rank of 5-star.

Praxair recently announced its second quarter 2015 financial results. The company reported second-quarter net income and diluted earnings per share of $308 million and $1.06, respectively. These results include the impact of a $146 million pre-tax charge, or 39 cents of diluted earnings per share.

Director Robert L Wood sold 7,620 shares of PX stock on May 8 at the average price of $121.68. Robert L Wood owns at least 12,748 shares after this. The price of the stock has decreased by 13.9% since.

Performance Sports Group Ltd. (PSG, Financial): CEO Kevin M. Davis Bought 37,500 Shares

CEO of Performance Sports Group Ltd. (PSG, Financial) Kevin M. Davis bought 37,500 shares during the past week at an average price of $13.14. Performance Sports Group Ltd was incorporated on Dec. 2, 2010, and its corporate name was changed to Bauer Performance Sports Ltd. Performance Sports Group has a market cap of $598.550 million; its shares were traded at around $13.14 with a P/E ratio of 375.92 and P/S ratio of 0.93. Performance Sports Group had an annual average earnings growth of 15.90% over the past five years.

Performance Sports Group recently reported its fiscal fourth quarter and full year 2015 financial results. The company announced that revenues were up 38% to a record $156.1 million. Adjusted EBITDA was up 34% to $28.7 million, while adjusted gross profit was up 17% to a record $98.4 million.

President of PSG Brands and CFO Amir Rosenthal bought 15,000 shares of PSG stock on Sept. 3 at the average price of $12.75. Amir Rosenthal owns at least 46,604 shares after this. The price of the stock has increased by 3.06% since.

Joy Global Inc (JOY, Financial): President and CEO Edward L Doheny Bought 25,000 Shares

President and CEO of Joy Global Inc (JOY, Financial) Edward L Doheny bought 25,000 shares on Sept. 4 at an average price of $17.69. Joy Global was incorporated in Delaware on Sept. 16, 1986. Joy Global has a market cap of $2.33 billion; its shares were traded at around $17.69 with a P/E ratio of 8.77 and P/S ratio of 0.50. The dividend yield of Joy Global stocks is 4.50%. Joy Global had an annual average earnings growth of 17.80% over the past 10 years.

EVP & CFO James M Sullivan bought 4,000 shares of JOY stock on June 5 at the average price of $38.48. James M Sullivan owns at least 25,949 shares after this. The price of the stock has decreased by 54.03% since.