Weekly CEO Buys Highlights

Insiders buy American Assets, Ultragenyx, Dell-VMWare Tracking Stock, RSP Permian and Cinemark

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Sep 05, 2017
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According to GuruFocus Insider Data, these are the largest CEO buys in the past week.

American Assets Trust CEO bought 61,535 shares

American Assets Trust Inc. (AAT, Financial) Chairman, CEO, President and 10% owner Ernest S. Rady bought 61,535 shares during the past week.

Rady bought 9,438 shares for $40.45 per share on Aug. 25; 42,530 shares for $40.3 per share on Aug. 30; and 9,567 shares for $40.6 per share on Sept. 1.

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 $2.62 billion. Its shares traded at $40.75 with a price-earnings (P/E) ratio of 57.48 as of Sept. 1.

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

Vice President Construction and Development Jerry Gammieri sold 277 shares for $40.68 per share on Aug. 31. The stock price has increased by 0.17% since.

Ultragenyx Pharmaceutical CEO bought 7,500 shares

Ultragenyx Pharmaceutical Inc. (RARE, Financial) President and CEO Emil D. Kakkis bought 7,500 shares for $52.52 per share on Aug. 28. The stock price has increased by 7.24% since.

Ultragenyx is biopharmaceutical company. It is engaged in the identification, acquisition, development and commercialization of novel products for treatment of rare and ultrarare diseases, with a focus on debilitating genetic diseases. The company has a market cap of $2.391 billion. Its shares traded at $56.32 with a P/E ratio of -8.68 as of Sept. 1.

For the second quarter, Ultragenyx reported a net loss of $72.9 million compared with a net loss of $56.9 million in the second quarter of 2016.

Dell-VMWare Tracking Stock CEO bought 13,058 shares

Dell-VMWare Tracking Stock (DVMT, Financial) CEO Michael S. Dell bought 13,058 shares for $25.03 per share on Aug. 28.

Dell-VMWare Tracking Stock is an information technology company. It offers virtualization and cloud infrastructure solutions, which enable organizations to manage IT resources across complex multicloud, multidevice environments. The company has a market cap of $57.71 billion. Its shares traded at $74.76 with a P/E ratio of -19.03 as of Sept. 1.

Revenue for the second quarter of fiscal 2018 was $1.90 billion, an increase of 12.2% from the second quarter of 2016.

President, Infrastructure Solutions Group David I. Goulden sold 4,700 shares for $67 per share on Aug. 16. The stock price has increased by 11.58% since.

RSP Permian CEO bought 10,000 shares

RSP Permian Inc. (RSPP, Financial) CEO Steven D. Gray bought 10,000 shares for $29.99 per share on Aug. 29. The stock price has increased by 4.6% since.

RSP Permian produces oil and natural gas. It engaged in acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The company has a market cap of $4.975 billion. Its shares traded at $31.37 with a P/E ratio of 122.06 as of Sept. 1.

Net income for the second quarter was $31.09 million compared to $9.801 million for the prior-year period.

Vice President and General Counsel James E. Mutrie sold 12,447 shares for $31.47 per share on Aug. 31. The stock price has decreased by 0.32% since.

Chief Operating Officer Zane W. Arrott sold 47,113 shares for $31.29 per share on Aug. 17. The stock price has increased by 0.26% since.

Director and 10% owner Ted Collins Jr. sold 42,000 shares for $32.75 per share on Aug. 10. The stock price has decreased by 4.21% since.

Cinemark Holdings CEO bought 5,000 shares

Cinemark Holdings Inc. (CNK, Financial) CEO Mark Zoradi bought 5,000 shares for $32.83 per share on Aug. 28. The stock price has increased by 3.62% since.

Cinemark is a motion picture exhibitor operating in the U.S. The company operates over 4,000 screens across the country mainly in midsize cities or suburbs of large cities. The company has a market cap of $3.962 billion. Its shares traded at $34.02 with a P/E ratio of 14.35.

Net income attributable to Cinemark for the three months ended June 30 was $51.2 million compared to $53.9 million for the three months ended June 30, 2016.

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.