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: Chairman, CEO and 10% owner bought 930,753 shares
Penske Automotive Group Inc. (PAG, Financial) Chairman, CEO and 10% owner Roger S. Penske bought 930,753 shares during the past week.
Penske bought 710,121 shares for $39.1 per share on Aug. 2Â and 220,632 shares for $39.35 per share on Aug. 5. The price of the stock has increased by 1.65% since.
Penske Automotive is a transportation services company. It operates automotive and commercial vehicle dealerships in the U.S. and Western Europe and distributes commercial vehicles, diesel engines and related parts. The company has a market cap of $3.41 billion; as of Aug. 7 its shares traded at $40 with a P/E ratio of 10.68.
Penske Automotive reported a total revenue of $5.3 billion for the second quarter compared to $4.9 billion from the prior-year period.
Ten percent owner Penske Corp. bought 710,121 shares for $39.1 per share on Aug. 2. It also purchased 220,632 shares for $39.35Â on Aug. 5.
Royal Caribbean Cruises: Chairman and CEO bought 29,190 shares
Royal Caribbean Cruises Ltd. (RCL, Financial) Chairman and CEO Richard D. Fain bought 29,190 shares on Aug. 3 at a price of $68.52. The price of the stock has increased by 8.7% since.
Royal Caribbean operates in the cruise vacation industry. It owns five cruise brands: Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisieres de France. The company has a market cap of $16.03 billion; as of Aug. 7 its shares traded at $74.48 with a P/E ratio of 21.26.
U.S. GAAP net income for the second quarter was $229.9 million compared to $185.0 million in 2015.
President and CEO of Celebrity Cruises Lisa Lutoff-Perlo sold 6,790 shares of Royal Caribbean stock on Aug. 5 at a price of $74.46. The price of the stock has increased by 0.03% since.
Southwest Airlines: Chairman of the board, president and CEO bought 28,106 shares
Southwest Airlines Co. (LUV, Financial) Chairman of the Board, President and CEO Gary C. Kelly bought 28,106 shares for $35.58 per share on Aug. 2. The price of the stock has increased by 6.38% since.
Southwest is a passenger airline operator that provides scheduled air transportation in the U.S. and international markets. The company has a market cap of $23.48 billion; as of Aug. 7 its shares traded at $37.85 per share with a P/E ratio of 10.04.
Southwest reported record quarterly GAAP net income of $820 million, compared with second quarter 2015 GAAP net income of $608 million.
Executive Vice President and Chief Operations Officer Michael G. Van De Ven bought 4,200 shares for $35.77 per share on Aug. 3. The price of the stock has increased by 5.81% since.
Director Dr. William H. Cunningham bought 5,700 shares for $35.8 per share on Aug. 3. The price of the stock has increased by 5.73% since.
Senior Vice President, General Counsel and Corporation Secretary Mark R. Shaw sold 1,776 shares for $37.62 per share on July 27. The price of the stock has increased by 0.61% since.
Virtu Financial: CEO bought 60,000 shares
Virtu Financial Inc. (VIRT, Financial) CEO Douglas A. Cifu bought 60,000 shares for $16.51 per share on Aug. 5. The price of the stock has increased by 2.3% since.
Virtu is a technology-enabled market maker and liquidity provider to the global financial markets. It generates revenue by buying and selling large volumes of securities and other financial instruments and earning small bid/ask spreads. The company has a market cap of $645.8 million; as of Aug. 7 its shares traded at a price of $16.89 with a P/E ratio of 16.01.
Total revenues decreased 4.3% to $174.2 million for the second quarter ended June 30 compared to $182.0 million for the same period in 2015. Net income increased 419.3% to $39.3 million for this quarter compared to $7.6 million for the same period in 2015.
For the complete list of stocks bought by their company CEOs, go to:Â CEO Buys.
Disclosure: I do not own stock in any companies mentioned in the article.
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- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
