Weekly CEO Buys Highlight

Details the CEO buys this past week from the following companies: American Assets, Tallgrass Energy Partners, Entercom Communications, Newell Brands and Sterling Bancorp

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Nov 27, 2017
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According to GuruFocus Insider Data, these are the largest CEO buys during the past week.Â

American Assets Trust Inc. CEO bought 45,992 shares

American Assets Trust Inc. (AAT, Financial) Chairman, CEO, President and 10% Owner Ernest S. Rady bought 45,992 shares during the past week at a price of $39.36.

American Assets Trust is a self-administered real estate investment trust based in the United States. 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 $2.55 billion. Its shares traded at $39.64 with price-earnings (P/E) ratio of 60.24 as of Nov. 24.

Net income for the third quarter of 2017 was $12.505 million compared to $11.858 million for the prior-year period.

Rady bought 85,155 shares of AAT stock on Nov. 8 at a price of $38.84; 500 shares on Nov. 9 at a price of $38.98; 5,825 shares on Nov. 17 at a price of $39.46; and 40,167 shares on Nov. 21 at a price of $39.34. The price of the stock has increased by 0.76% since.

Tallgrass Energy Partners CEO bought 30,000 shares

Tallgrass Energy Partners LP (TEP, Financial) President and CEO David G.Dehaemers Jr. bought 30,000 shares during the past week at a price of $43.30.

Tallgrass Energy Partners focuses on the operation, acquisition and development of natural gas and crude oil in North America. It is also engaged in natural gas processing, treating and fractionation facilities. The company has a market cap of $ 3.185 billion. Its shares traded at $43.04 with a price-earnings (P/E) ratio of 19.42 as of Nov. 24.

Net income for the third quarter of 2017 was $185.50 million compared to $65.43 million for the prior-year period.

Dehaemers bought 12,114 shares of TEP stock on Nov. 13 at a price of $44.28; 10,000 shares on Nov. 14 at a price of $43.53; 715 shares on Nov. 16 at a price of $44; 15,000 shares on Nov. 17 at a price of $43.63; and 15,000 shares on Nov. 21 at a price of $42.97. The price of the stock has increased by 0.16% since.

10% Security Holder Sira Sai S.A. sold 100,000 shares of TEP stock on Nov. 23 at a price of $0.6.

Entercom Communications CEO bought 25,000 shares

Entercom Communications Corp. (ETM, Financial) President and CEO David J. Field bought 25,000 shares on Nov. 17 at a price of $11.60. The price of the stock has increased by 3.45% since.

Entercom Communications is a radio broadcasting company in the U.S. It operates a nationwide portfolio more than 100 radio stations in over 20 markets in the U.S. The company has a market cap of $ 488.759 million. Its shares traded at $12.00 with a price-earnings (P/E) ratio of 26.91 as of Nov. 24.

Net revenue for the third quarter of 2017 was $122.299 million compared to $121.641 million for the prior-year period.

Chairman Emeritus Joseph M. Field bought 180,282 shares of ETM stock on Nov. 21 at a price of $11.72. The price of the stock has increased by 2.39% since.

Newell Brands CEO bought 7,000 shares

Newell Brands Inc. (NWL, Financial) CEO Michael B. Polk bought 7,000 shares on Nov. 20 at a price of $28.22. The price of the stock has increased by 0.53% since.

Newell Brands is engaged in the household products market. Its products include stationery material such as pens and markers, food storage products and hygiene systems. The company has a market cap of $13.904 billion. Its shares traded at $28.37 with a price-earnings (P/E) ratio of 11.33 as of Nov. 24.

Net income for the third quarter of 2017 was $234.4 million compared to $186.5 million for the prior-year period.

Sterling Bancorp CEO Gary S. Judd bought 7,600 shares

Sterling Bancorp Inc. (SBT, Financial) Chairman and CEO Gary S. Judd bought 7,600 shares on Nov. 21 at a price of $12.00. The price of the stock has increased by 6.83% since.

Sterling Bancorp specializes in the delivery of service and solutions to business owners, their families, and consumers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. The company has a market cap of $5.36 billion. Its shares traded at $12.82 as of Nov. 24.

Net income for the three months ended Sept. 30 was $44.852 million compared to $37.422 million for the prior-year period.

President, CFO and COO Thomas W. Lopp Jr. bought 7,000 shares of SBT stock on Nov. 21 at a price of $12. The price of the stock has increased by 6.83% since.

President Comm & Retail, CLO Michael A. Montemayor bought 10,000 shares of SBT stock on Nov. 21 at a price of $12. The price of the stock has increased by 6.83% since.

Director Seth S. Meltzer sold 304,933 shares of SBT stock on Nov. 21 at a price of $12. The price of the stock has increased by 6.83% since.

10% Owner Dynasty Trust No. 5 K.I.S.S. sold 1,543,459 shares of SBT stock on Nov. 21 at a price of $12. The price of the stock has increased by 6.83% since.

10% Owner J. Seligman Revocable Li Scott sold 758,929 shares of SBT stock on Nov. 21 at a price of $12. The price of the stock has increased by 6.83% since.

10% Owner J. Seligman 1993 Long Te Scott sold 1,180,845 shares of SBT stock on Nov. 21 at a price of $12. The price of the stock has increased by 6.83% since.

For the complete list of stocks bought by their company CEOs, go to: CEO Buys.

Disclosure: I do not own stock in any of the companies mentioned in the article.