According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:
Penske Automotive Group Inc.: Chairman, CEO and 10% owner Roger S. Penske bought 665,764 shares
Penske bought 665,764 shares during the past week at a price of $44.50 per share.
Penske Automotive is a transportation services company. It operates automotive and commercial vehicle dealerships in the U.S. and Western Europe and distributes commercial vehicles, diesel engines and related parts. The company has a market cap of $3.95 billion; as of Sept. 4, its shares traded at $46.36 with a P/E ratio of 12.38.
Penske Automotive reported total revenue of $5.3 billion for the second quarter compared to $4.9 billion from the prior-year period.
Penske bought 151,412 shares of PAG stock on Aug. 10 at a price of $39.85 per share; 50,000 shares on Aug. 11 at a price of $41.36 per share; 300,000 shares on Aug. 22 at a price of $42.55 per share; and 478,000 shares on Aug. 29 at a price of $44.21 per share. The price of the stock has since increased by 4.12%.
Norwegian Cruise Line Holdings Ltd.: President and CEO Frank J. Del Rio bought 83,498 shares
Del Rio bought 83,498 shares on Aug. 31 at a price of $35.94 per share.
Norwegian is a cruise line operator, offering cruise experiences for travelers with a wide variety of itineraries in North America, the Mediterranean, the Baltic, Central America, Bermuda and the Caribbean. The company has a market cap of $8.09 billion; as of Sept. 4, its shares traded at $35.61 with a P/E ratio of 16.04.
Net income for the second quarter of 2016 was $145.2 million compared to $158.5 million in the prior year. Revenue increased 9.3% to $1.2 billion compared to $1.1 billion in 2015.
Del Rio bought 83,498 shares of NCLH stock on Aug. 31 at a price of $35.94 per share. The price of the stock has decreased by 0.92% since.
CSRA Inc.: President and CEO Lawrence B. Prior III bought 3,918 shares
Prior bought 3,918 shares on Aug. 30 at a price of $25.54 per share.
CSRA provides information technology and professional services and solutions to the U.S. government. The company has a market cap of $4.37 billion; as of Sept. 4, its shares traded at $26.40 with a P/E ratio of 50.77.
GAAP revenue for the first quarter of fiscal year 2017 ended July 1 was $1.25 billion, up 31% compared to the first quarter of fiscal year 2016.
The price of the stock has increased by 3.37% since Prior bought the stock.
EVP, Health and Civil Group Paul Nedzbala sold 15,467 shares of CSRA stock on August 12, 2016 at a price of $26. The price of the stock has increased by 1.54% since.
Invesco Mortgage Capital Inc.: President and CEO Richard J. King bought 5,000 shares
King bought 5,000 shares on Aug. 26 at a price of $15.38 per share.
Invesco is engaged in investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans. The company has a market cap of $1.78 billion; as of Sept. 4, its shares traded at $15.93.
Net loss attributable to common stockholders for the second quarter of 2016 was $11.6 million, compared to $156.2 million for the first quarter of 2016.
The price of the stock has increased by 3.58% since King bought the stock.
CFO Richard Lee Phegley Jr. bought 1,350 shares of IVR stock on Aug. 26 at a price of $15.38 per share. The price of the stock has increased by 3.58% since.
CIO John Anzalone bought 3,000 shares of IVR stock on Aug. 26. The price of the stock has increased by 3.58% since.
COO Robson Kuster also bought 1,300 shares of IVR stock on Aug. 26.
MDC Partners Inc.: CEO Scott L. Kauffman bought 5,000 shares
Kauffman bought 5,000 shares on Aug. 29 at a price of $12.19 per share.
MDC provides marketing, activation, communications, and marketing effectiveness solutions and services to customers. Its services include media management, interactive and mobile marketing, and direct marketing, among others. The company has a market cap of $668.03 million; as of Sept. 4, its shares traded at $12.49.
Revenue for the second quarter of 2016 was $337 million, an increase of 0.1%, compared to $336.6 million in the second quarter of 2015. Net income attributable to MDC Partners in the second quarter of 2016 was $1.2 million compared to $29.6 million in the second quarter of 2015.
Kauffman bought 10,000 shares of MDCA stock on Aug. 12 at a price of $13.27 per share. The price of the stock has increased by 2.46% since.
General counsel Mitchell Gendel bought 1,000 shares of MDCA stock on Aug. 8 at a price of $13.75 per share. The price of the stock has decreased by 9.16% since.
For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.
Disclaimer: I do not own stock in any of the companies mentioned in the article.
