Weekly CEO Buys Highlights

Insiders invest in Energy Transfer Partners, American Assets, Intrexon, Hostess and Akamai

Author's Avatar
Aug 21, 2017
Article's Main Image

According to GuruFocus Insider Data, these are the largest CEO buys during the past week.Â

Energy Transfer Partners CEO bought 1 million shares

Energy Transfer Partners LP (ETP, Financial) CEO Kelcy L. Warren bought 1 million shares for $18.65 per share on Aug. 15. The stock price has decreased by 2.09% since.

Energy Transfer Partners is engaged in crude oil operations that consist of an integrated set of pipeline, terminalling and acquisition and marketing of crude oil from producers to end-user markets. The company has a market cap of $21.317 billion. Its shares traded at $18.26 with a price-earnings (P/E) ratio of -9.92 as of Aug. 18.

Net income for the second quarter of 2017 was $292 million.

American Assets Trust CEO bought 145,927 shares

American Assets Trust Inc. (AAT, Financial) Chairman, CEO, President and 10% owner Ernest S. Rady bought 145,927 shares during the past week.

Rady bought 63,887 shares for $40.03 per share on Aug. 11; 44,542 shares for $40.48 per share on Aug. 16; and 37,498 shares for $40.1 per share on Aug. 18.

American Assets is a self-administered real estate investment trust based in the U.S. The company mainly invests in, operates and develops retail, office, residential and mixed-use properties in California, Oregon and Hawaii. The company has a market cap of $2.56 billion. Its shares traded at $39.85 with a P/E ratio of 56.21 as of Aug. 18.

Net income was $5.5 million for the three months ended June 30.

Intrexon CEO bought 132,625 shares

Intrexon Corp. (XON, Financial) CEO and 10% owner Randal J. Kirk bought 132,625 shares for $18.85 per share on Aug. 11. The stock price has decreased by 8.22% since.

Intrexon is a biotechnology company that develops synthetic biology solutions. It designs, builds and regulates gene programs using its proprietary and complementary technologies. The company has a market cap of $2.081 billion. Its shares traded at $17.3 with a P/E ratio of -13.35 as of Aug. 18.

Total revenues for the second quarter were $54.4 million, an increase of 4% over the second quarter of 2016. Net loss for the quarter was $18.7 million.

Chief Operating Officer Andrew J. Last bought 2,000 shares for $19.99 per share on Aug. 14. The stock price has decreased by 13.46% since.

Chief Legal Officer Donald P. Lehr bought 1,094 shares for $18.33 per share on Aug. 11. The stock price has decreased by 5.62% since.

Senior Vice President, Intellectual Property Affairs, Jeffrey Thomas Perez bought 1,000 shares for $17.89 per share on Aug. 11. The stock price has decreased by 3.3% since.

Director Dean J. Mitchell bought 5,000 shares for $18.33 per share on Aug. 11. The stock price has decreased by 5.62% since.

Senior Vice President, Corporate Development, Nir Nimrodi bought 3,369 shares for $18.75 per share on Aug. 11. The stock price has decreased by 7.73% since.

Hostess Brands CEO bought 75,000 shares

Hostess Brands Inc. (TWNK, Financial) CEO William Douglas Toler bought 75,000 shares for $13.86 per share on Aug. 11. The stock price has decreased by 1.3% since.

Hostess Brands is a packaged food company. It is engaged in developing, manufacturing, marketing, selling and distributing fresh-baked sweet goods in the U.S. The company has a market cap of $1.784 billion. Its shares traded at $13.68 with a P/E ratio of -240 as of Aug. 18.

Net income for the second quarter was $28.2 million, an increase of $6.3 million, compared to $21.9 million for the second quarter of 2016.

Chief Administrative Officer Michael John Cramer bought 5,000 shares for $13.98 per share on Aug. 11. The stock price has decreased by 2.15% since.

Akamai Technologies CEO bought 21,554 shares

Akamai Technologies Inc. (AKAM, Financial) CEO F. Thomson Leighton bought 21,554 shares for $46.91 per share on Aug. 15. The stock price has decreased by 3.3% since.

Akamai is a U.S.-based company that provides cloud services for delivering, optimizing and securing online content and business applications. The company has a market cap of $7.842 billion. Its shares traded at $45.36 with a P/E ratio of 24.79 as of Aug. 18.

Revenue for the second quarter was $609 million.

Director Frederic V. Salerno bought 5,000 shares for $46.83 per share on July 27. The stock price has decreased by 3.14% since.

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 the article.