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.
Roger S. Penske, chairman, CEO and part-owner of Penske Automotive Group Inc. (PAG, Financial), bought 327,602 shares on Sept. 9 at a price of $48.07.
Penske Automotive is a transportation services company. It operates automotive and commercial vehicle dealerships in the United States and Western Europe and distributes commercial vehicles, diesel engines and related parts. The company has a market cap of $4.18 billion. As of Sept. 16, its shares traded at $49.11 with a price-earnings (P/E) ratio of 13.12.
Total revenue for the second quarter of 2016 was $5.3 billion, compared to $4.9 billion from the second quarter of 2015.
Penske bought 300,000 shares of PAG stock on Aug. 22, 2016 at a price of $42.55, 478,000 shares on Aug. 29 at a price of $44.21 and 187,764 shares on Sept. 1 at a price of $45.24. Penske purchased 225,000 shares on Sept. 7 at a price of $46.95 and 327,602 shares on Sept. 9 at a price of $48.07. The price of the stock has increased by 2.16% since.
Part-owner Corp Penske bought 300,000 shares of PAG stock on Aug. 22 at a price of $42.55, 478,000 shares on Aug. 29 at a price of $44.21 and 187,764 shares on Sept. 1 at a price of $45.24. Penske purchased 225,000 shares on Sept. 7, 2016 at a price of $46.95 and 327,602 shares on Sept. 9 at a price of $48.07. The price of the stock has increased by 2.16% since.
American Assets Trust Inc.
The chairman, CEO, president and part-owner of American Assets Trust Inc. (AAT, Financial), Ernest S. Rady, bought 65,000 shares on Sept. 12 at a price of $43.06.
American Assets is a full service, vertically integrated and self-administered real estate investment trust. It owns, operates, acquires and develops retail, office, multifamily and mixed-use properties. The company has a market cap of $1.92 billion. As of Sept. 16, its shares traded at $42.31 with a P/E ratio of 51.85.
Net income for the three months ended June 30, 2016 was $10.65 million compared to $12.284 million for the three months ended June 30, 2015.
Rady bought 65,000 shares of AAT stock on Sept. 12 at a price of $43.06. The price of the stock has decreased by 1.74% since.
PBF Energy Inc.
The CEO of PBF Energy Inc. (PBF, Financial), Thomas J. Nimbley, bought 50,000 shares on Sept. 9 at a price of $21.84.
PBF is a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. It owns and operates three domestic oil refineries. The company has a market cap of $2.22 billion. As of Sept. 16, its shares traded at $22.73 with a P/E ratio of -841.85.
The company reported second quarter 2016 net income of $120.6 million and net income attributable to PBF Energy Inc. of $103.5 million, or $1.06 per share. This compares to net income of $158.5 million and net income attributable to PBF Energy Inc. of $135.8 million, or $1.57 per share, for the second quarter 2015.
CEO Thomas J. Nimbley bought 50,000 shares of PBF stock on Sept. 9 at a price of $21.84. The price of the stock has increased by 4.08% since.
WisdomTree Investments Inc.
Jonathan L. Steinberg, CEO of WisdomTree Investments Inc. (WETF, Financial), bought 100,000 shares on Sept. 14 at a price of $10.23.
WisdomTree, through its subsidiaries, operates as an ETF sponsor and asset manager. It offers Equity ETFs, International Hedged Equity ETFs, Currency ETFs, and Fixed Income ETFs. The company has a market cap of $1.45 billion. As of Sept. 16, its shares traded at $10.81 with a P/E ratio of 25.08.
Net income for the second quarter of 2016 was $3.7 million, an increase of 84.9 % from the prior-year period.
CEO Jonathan L. Steinberg bought 100,000 shares of WETF stock on Sept. 14 at a price of $10.23. The price of the stock has increased by 5.67% since.
OPKO Health Inc.
CEO, chairman and part-owner of OPKO Health Inc. (OPK, Financial), Phillip Frost, bought 23,600 shares during the past week at a price of $9.87.
OPKO is a biopharmaceutical and diagnostics company. It is engaged in the research and development of pharmaceutical products and vaccines. The company has a market cap of $5.69 billion. As of Sept. 16, its shares traded at $10.21 with a P/E ratio of 42.72.
Net income was $15.5 million for the quarter ending June 30, compared to net losses of $42.8 million for the comparable period of 2015. Consolidated revenue increased to $357.1 million from $42.4 million for the quarter ending June 30 compared to the 2015 period.
Frost bought 48,400 shares of OPK stock on Aug. 25 at a price of $9.06, 10,000 shares on Sept. 2 at a price of $9.28, 3,600 shares on Sept. 9 at a price of $9.87 and 10,000 shares of OPK stock on Sept, 12 at a price of $9.79. Frost purchased 10,000 shares of OPK stock on Sept. 13 at a price of $9.95 and he bought 23,600 shares during the past week at a price of $9.87. The price of the stock has increased by 3.44%
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in this article.
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