Weekly CEO Buys Highlight

Details the CEO buys this past week from the following companies: American Assets Trust, Continental Resources, OPKO Health, Forum Energy Technologies and Perrigo Co.

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Mar 12, 2018
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According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

American Assets Trust CEO bought 304,916 shares

American Assets Trust Inc. (AAT, Financial) Chairman, CEO, President and 10% Owner Ernest S. Rady bought 304,916 shares during the past week at a price of $31.99.

American Assets Trust 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 $2.07 billion. Its shares traded at $32.14 with a price-earnings (P/E) ratio of 51.67 as of March 9.

Net income for the fourth quarter of 2017 was $9.73 million compared to $12.41 million for the prior-year period.

Rady bought 105,101 shares on Feb. 23 at a price of $32.65; 64,775 shares on Feb. 27 at a price of $32.56; 132,240 shares on March 2 at a price of $31.71; 104,715 shares on March 7 at a price of $32.21; and 67,961 shares on March 9 at a price of $32.20. The price of the stock has decreased by 0.19% since.

Continental Resources CEO bought 57,881 shares

Continental Resources Inc. (CLR, Financial) CEO, Chairman and 10% Owner Harold Hamm bought 57,881 shares during the past week at a price of $49.57.

Continental Resources is an independent crude oil and natural gas exploration and production company. It operates primarily in the Williston Basin and in southern Oklahoma. The company has a market cap of $19.25 billion. Its shares traded at $51.85 with a price-earnings (P/E) ratio of 24.57 as of March 9.

Net income for the fourth quarter of 2017 was $841.9 million.

Hamm bought 99,028 shares on Feb. 27 at a price of $50.26; 31,995 shares on March 2 at a price of $48.74; and 25,886 shares on March 5 at a price of $50.59. The price of the stock has increased by 2.49% since.

Director Richard Lawrence Gillis Hood bought 15,000 shares on March 8 at a price of $4.25.

OPKO Health CEO bought 471,800 shares

OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% Owner Phillip Frost bought 471,800 shares during the past week at a price of $3.02.

OPKO is a diversified health care company. Its business includes diagnostics and provision of pharmaceutical products. The company has a market cap of $2.01 billion. Its shares traded at $3.59 as of March 9.

Consolidated revenue for the quarter ended Dec. 31 was $193.7 million compared to $275.5 million for the prior-year period.

Frost bought 185,000 shares on Feb. 9 at a price of $3.83; 172,500 shares on Feb. 21 at a price of $3.63; 364,800 shares on March 2 at a price of $2.94; 75,000 shares on March 7 at a price of $3.29; and 32,000 shares on March 8 at a price of $3.28. The price of the stock has increased by 9.45% since.

Executive Vice President of Administration Steven D. Rubin bought 6,000 shares on March 7 at a price of $3.25. The price of the stock has increased by 10.46% since.

Forum Energy Technologies CEO bought 90,000 shares

Forum Energy Technologies Inc. (FET, Financial) President and CEO Prady Iyyanki bought 90,000 shares on Mar. 2 at a price of $10.63. The price of the stock has increased by 12.89% since.

Forum Energy Technologies is an oil and gas company that manufactures and distributes products and engages in aftermarket services and related operations. The company serves the subsea, drilling, completion, production and infrastructure sectors. The company has a market cap of $1.29 billion. Its shares traded at $12.00 of as of March 9.

Net income for the fourth quarter of 2017 was $51 million compared to a net loss of $15 million for the third quarter of 2017.

Perrigo Co. CEO bought 7,500 shares

Perrigo Co. PLC (PRGO, Financial) CEO Uwe Roehrhoff bought 7,500 shares on March 5 at a price of $81.85. The price of the stock has increased by 3.79% since.

Perrigo Co. PLC is a healthcare company providing branded OTC products throughout Europe and the U.S. It sells its products primarily in North America and Europe, as well as in other markets, including Australia, Israel and China. The company has a market cap of $11.96 billion. Its shares traded at $84.95 as of March 9.

Net income for the fourth quarter of 2017 was $180 million compared to $178 for the prior-year period.

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

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