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 372,044 shares
Penske Automotive Group Inc. (PAG, Financial) Chairman, CEO and 10% owner Roger S. Penske bought 372,044 shares for $39.55 per share during the past week.
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 $3.52 billion; as of Aug. 15 its shares traded at $42.84 with a price-earnings (P/E) ratio of 11.44.
Penske Automotive reported a total revenue of $5.3 billion for the second quarter compared to $4.9 billion from the prior-year period.
Penske bought 710,121 shares on Aug. 2 for $39.1 per share, 220,632 shares on Aug. 5 for $39.35 per share and 151,412 shares on Aug. 10 for $39.85 per share. The price of the stock has increased by 8.31%.
Ten percent owner Penske Corp. bought 710,121 shares on Aug. 2 for $39.1 per share and 220,632 shares on Aug. 5 for $39.35 per share. Penske Corp. also purchased 151,412 shares on Aug. 10 for $39.85 per share. The price of the stock has increased by 7.5% since.
Haemonetics: President and CEO bought 60,000 shares
Haemonetics Corp. (HAE, Financial) President and CEO Christopher Simon bought 60,000 shares on Aug. 4 for $35 per share. The price of the stock has increased by 2.14% since.
Haemonetics is a health care company that provides blood management solutions to its customers. It serves three markets: manufacturers of plasma-derived pharmaceuticals, blood collectors and hospitals. The company has a market cap of $1.86 billion; as of Aug. 15 its shares traded at $35.75 with a P/E ratio of -27.67.
For the fiscal year ended April 2 revenue was $909.7 million, flat with the prior year.
Gogo: President and CEO bought 50,000 shares
Gogo Inc. (GOGO, Financial) President and CEO Michael Small bought 50,000 shares on Aug. 8 for $10.37 per share. The price of the stock has increased by 12.81% since.
Gogo is a holding company. The company, through its subsidiaries, is engaged in providing aero communications service for the aviation industry. It provides in-flight connectivity and wireless in-cabin digital entertainment solutions. Gogo has a market cap of $963.46 million; as of Aug. 15 its shares traded at $11.69 with a P/E ratio of -7.24.
Second-quarter revenue increased to $147.5 million, up 22% from $121.2 million in the second quarter of 2015. Net loss increased to $40.2 million from $24.8 million in the second quarter of 2015.
EVP and CCO Ash A. Eldifrawi bought 50,000 shares on Aug. 8 for $10.56 per share. The price of the stock has increased by 10.7% since.
Director Charles C. Townsend bought 200,000 shares on Aug. 8 for $10.73 per share. The price of the stock has increased by 8.95% since.
Hanesbrands: CEO bought 20,000 shares
Hanesbrands Inc. (HBI, Financial) CEO Richard A. Noll bought 20,000 shares on Aug. 9 for $25.74 per share. The price of the stock has increased by 5.79% since.
Hanesbrands is a consumer goods company with a portfolio of apparel brands. It designs, manufactures, sources and sells a range of apparel essentials such as T-shirts, innerwear, casualwear, active wear, socks and hosiery. The company has a market cap of $10.24 billion; as of Aug. 15 its shares traded at $27.23 per share with a P/E ratio of 21.85.
Net sales for the second quarter ended July 2 were $1.47 billion. Operating profit of $221 million increased 59%.
For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.
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