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 300,000 shares
Penske Automotive Group Inc. (PAG, Financial) Chairman, CEO and 10% owner Roger S. Penske bought 300,000 shares for $42.55 per share on Aug. 22. The price of the stock has increased by 4.23% 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 $3.78 billion; its shares traded at $44.35 per share as of Aug. 28Â with a price-earnings (P/E) ratio of 11.85.
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 for $39.1 per share on Aug. 2, 220,632 shares for $39.95 per share on Aug. 5Â and 151,412 shares for $39.85 per share on Aug. 10. Penske purchased 50,000 shares for $41.36 per share on Aug. 11.
Penske Corp., 10% owner, bought 710,121 shares for $39.1 per share on Aug. 2, 220,632 shares for $39.35 per share on Aug. 5 and 151,412 shares for $39.85 per share on Aug. 10. Penske Corp. bought 50,000 shares for $41.36 per share on Aug. 11 and 300,000 shares for $42.55 per share on Aug. 22. The price of the stock has increased by 4.23% since.
WisdomTree Investments: CEO bought 250,000 shares
WisdomTree Investments Inc. (WETF, Financial) CEO Jonathan L. Steinberg bought 250,000 shares for $10.16 per share on Aug. 19. The price of the stock has decreased by 2.46% since.
WisdomTree, through its subsidiaries, operates as an ETF sponsor and asset manager. The company offers Equity ETFs, International Hedged Equity ETFs, Currency ETFs and Fixed Income ETFs. WisdomTree has a market cap of $1.33 billion; its shares traded at $9.91 per share as of Aug. 28 with a P/E ratio of 22.99.
Total revenues decreased 31.4% from the second quarter of 2015 and 8.0% from the first quarter to $56 million for the second quarter ended June 30.
Director Anthony Bossone bought 50,000 shares of Wisdom Tree stock for $9.90 per share on Aug. 2. The price of the stock has increased by 0.1% since.
Western Refining: CEO bought 100,000 shares
Western Refining Inc. (WNR, Financial) CEO Jeff A. Stevens bought 100,000 shares for $23.25 per share on Aug. 24. The price of the stock has increased by 3.35% since.
Western Refining is a crude oil refiner and marketer of refined products. The company operates retail convenience stores that sell gasoline, diesel fuel and convenience store merchandise. Western Refining has a market cap of $2.61 billion; its shares traded at $24.03 per share as of Aug. 28Â with a P/E ratio of 8.54.
Western Refining reported second-quarter net income of $65.4 million compared to net income of $133.9 million for the second quarter of 2015.
Chairman of BOD, Executive Chair and 10% owner Paul L. Foster bought 325,000 shares of Western Refining stock for $23.59 per share on Aug. 9. The price of the stock has increased by 1.87% since.
OPKO Health: CEO, chairman and 10% owner bought 119,200 shares
OPKO Health Inc. (OPK, Financial) CEO, Chairman and 10% owner Phillip Frost bought 119,200 shares during the past week at a price of $9.36 per share. The price of the stock has since decreased by 2.56%.
OPKO is a biopharmaceutical and diagnostics company. It is engaged in the research and development of pharmaceutical products and vaccines. The company has a market cap of $5 billion; its shares traded at $9.12 per share as of Aug. 28 with a P/E ratio of 38.16.
Net income was $15.5 million for the quarter ending June 30, compared to net losses of $42.8 million for the comparable period of 2015. Consolidated revenue increased to $357.1 million from $42.4 million for the quarter ending June 30 compared to the 2015 period.
Frost bought 15,000 shares for $9.82 per share on Aug. 19; 11,800 shares for $9.76 per share on Aug. 22; 29,000 shares for $9.53 per share on Aug. 23 and 15,000 shares at a price of $9.24 per share on Aug. 24. Frost bought 48,400 shares for $9.06 per share on Aug. 25.
Advance Auto Parts: CEO bought 6,250 shares
Advance Auto Parts Inc. (AAP, Financial) CEO Thomas Greco bought 6,250 shares for $159.56 per share on Aug. 23. The price of the stock has decreased by 1.71% since.
Advance Auto is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items. The company has a market cap of $11.54 billion; as of Aug. 28 its shares traded at $156.83 with a P/E ratio of 25.33.
Total sales for the second quarter decreased 4.8% to $2.26 billion, as compared with total sales during the second quarter of fiscal 2015 of $2.37 billion.
Director John Francis Ferraro bought 500 shares for $160.28 per share on Aug. 22. The price of the stock has decreased by 2.15% since.
Director John F. Bergstrom bought 633 shares for $157.61 per share on Aug. 19. The price of the stock has decreased by 0.49% since.
Director Reuben E. Slone bought 632 shares for $157.99 per share on Aug. 18. The price of the stock has decreased by 0.73% since.
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 this article.
Start a free seven-day trial of Premium Membership to GuruFocus.
