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Joy Hu
Joy Hu
Articles (391) 

Weekly CEO Buys Highlights

Insiders invest in Hess, Yum China, Calavo, OPKO

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:

Hess Midstream Partners CEO bought 206,550 shares

Hess Midstream Partners LP (NYSE:HESM) CEO and Chairman of the Board John B. Hess bought 206,550 shares for $23.00 per share on April 10. The stock price has increased by 10.65% since.

Hess owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. The company has a market cap of $1.42 billion. Its shares traded at $25.45 on April 13.

Hess announced on April 4 the pricing of its initial public offering of 14,780,000 common units at a public offering price of $23.00 per common unit. The offering closed on April 10 subject to customary closing conditions.

Six other insiders purchased Hess shares on April 10. Chief Financial Officer Jonathan C. Stein bought 8,700 shares, Vice President John P. Rielly bought 20,000 shares, Director David W. Niemiec bought 25,000 shares, Chief Operating Officer John A. Gatling bought 15,000 shares, General Counsel and Secretary Timothy B. Goodell bought 12,500 shares, and Director Gregory P. Hill bought 4,350 shares.

Each purchase was made for $23 per share. The stock price has increased by 10.65% since.

Yum China Holdings CEO bought 100,000 shares

Yum China Holdings Inc. (NYSE:YUMC) CEO Muktesh Pant bought 100,000 shares for $31.17 per share on April 7. The stock price has increased by 5.84% since.

Yum China is a restaurant company in China. Its restaurant base consists of China's restaurant brands including KFC, Pizza Hut Casual Dining, Pizza Hut Home Service, East Dawning and Little Sheep. The company has a market cap of $12.68 billion. As of April 13 its shares traded at $32.99 with a price-earnings (P/E) ratio of 24.26.

Reported operating profit for the fourth quarter of 2016 was $58 million compared to $5 million for the fourth quarter of 2015.

Mark Chu, the senior adviser to the CEO, sold 5,799 shares for $32.5 per share on April 11. The stock price has increased by 1.51% since.

Chief Growth Officer Riu Sun sold 5,422 shares for $31.22 per share on April 7 and 3,377 shares for $32.44 per share on April 12. The stock price has increased by 1.7% since.

Calavo Growers CEO bought 42,942 shares

Calavo Growers Inc. (NASDAQ:CVGW) Chairman of the Board and CEO Lecil E. Cole bought 42,942 shares for $61.78 per share on April 11. The stock price has increased by 3.11% since.

Calavo is in the avocado industry and an expanding provider of value-added fresh food. It sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under brand labels, as well as private labels. The company has a market cap of $1.12 billion. As of April 13 its shares traded at $63.70 with a P/E ratio of 30.19.

Net income totaled $5.2 million for the three months ended Jan. 31.

OPKO Health CEO bought 109,800 shares

OPKO Health Inc. (OPK) CEO, Chairman and 10% owner of Phillip Frost bought 109,800 shares during the past week.

OPKO is a biopharmaceutical and diagnostics company engaged in the research and development of pharmaceutical products and vaccines. The company has a market cap of $4.25 billion. As of April 13, its shares traded around $7.62 with a price-earnings (P/E) ratio of -165.65.

Consolidated revenue for the quarter ended Dec. 31, 2016 was $275.5 million. Net loss was $13.7 million for the quarter, compared to net income of $1.6 million for the comparable period of 2015.

Frost bought 28,000 shares for $7.58 per share on April 7; 33,000 shares for $7.6 per share on April 10; 18,000 shares for $7.49 per share on April 11; and 30,800 shares for $7.58 per share on April 13.

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 the article.

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