Weekly CEO Buys Highlight

Details the insider buys from the following companies: American Assets, Continental Resources, OPKO, Sally Beauty Holdings and SiteOne

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May 29, 2017
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According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week.Â

American Assets Trust Inc.: Chairman, CEO, President and 10% Owner Ernest S. Rady bought 176,975 shares

Chairman, CEO, President and 10% Owner of American Assets Trust Inc. (AAT, Financial) Ernest S. Rady bought 176,975 shares during the past week at a price around $39.34.

American Assets is a full-service, vertically integrated and self-administered real estate investment trust. It owns, operates, acquires and develops retail, office, multifamily and mixed-use properties. The company has a market cap of $2.56 billion. Its shares traded at $39.43 with a price-earnings (P/E) ratio of 55.61 as of May 26.

Net income attributable to common stockholders was $7.4 million for the three months ended March 31 compared to $7.7 million for the three months ended March 31, 2016.

Rady bought 39,056 shares of American Assets Trust stock on May 15 at a price of $39.4; 47,976 shares on May 17 at a price of $38.55; 46,140 shares on May 19 at a price of $39.21; 98,151 shares on May 24 at a price of $39.34; and 32,684 shares on May 26 at a price of $39.5. The price of the stock has decreased by 0.18% since.

Continental Resources Inc.: CEO, Chairman and 10% Owner Harold Hamm bought 36,452 shares

CEO, Chairman and 10% Owner of Continental Resources Inc. (CLR, Financial) Harold Hamm bought 36,452 shares on May 24, 2017 at a price of $42.05.

Continental Resources is an independent crude oil and natural gas exploration and production company with properties in the North, South and East regions of the U.S. The company has a market cap of $14.7 billion. Its shares traded at $39.61 as of May 26.

Net income for the first quarter was $470,000.

Hamm bought 51,765 shares of Continental Resources stock on May 12 at a price of $42.23 and 36,452 shares on May 24 at a price of $42.05. The price of the stock has decreased by 5.8% since.

Director Jane Craighead bought 4,500 shares of Continental Resources stock on May 18 at a price of $11.49. The price of the stock has increased by 244.73% since.

10% Security Holder Fine Foods Incorporated Clearwater sold 441,800 shares of Continental Resources stock on May 26 at a price of $11.48. The price of the stock has since increased by 245.03%.

OPKO Health Inc.: CEO, Chairman and10% Owner Phillip Frost bought 197,400 shares

CEO, Chairman and 10% Owner of OPKO Health Inc. (OPK, Financial) Phillip Frost bought 197,400 shares during the past week at a price of $6.43.

OPKO is a diversified health care company. Its operating business segments are diagnostics and pharmaceutical. The company has a market cap of $3.54 billion. Its shares traded at $6.33 as of May 26.

Consolidated revenues for the three months ended March 31 were $296.1 million compared to $291.0 million from the comparable period of 2016.

Frost bought 20,000 shares of OPKO stock on May 18 at a price of $6.59; 9,200 shares on May 19 at a price of $6.6; 120,000 shares on May 22 at a price of $6.43; 42,200 shares on May 24 at a price of $6.42; and 26,000 shares of OPKO stock on May 25 at a price of $6.38. The price of the stock has decreased by 0.78% since.

Executive Vice President Administration Steven D. Rubin bought 2,000 shares of OPKO stock on May 11 at the average price of $6.91. The price of the stock has decreased by 8.39% since.

Vice Chairman and Chief Technology Officer Jane Hsiao bought 40,000 shares of OPKO stock on May 10 at a price of $6.97 and 20,000 shares on May 11 at a price of $6.93. The price of the stock has decreased by 8.66% since.

Sally Beauty Holdings Inc.: President and CEO Christian A. Brickman bought 20,000 shares

President and CEO of Sally Beauty Holdings Inc. (SBH, Financial) Christian A. Brickman bought 20,000 shares during the past week at a price of $17.76.

Sally Beauty Holdings is a specialty retailer and distributor of professional beauty supplies with operations in North America, South America and Europe. The company has a market cap of $2.456 billion. Its shares traded at $17.72 with a P/E ratio of 10.99 as of May 26.

Consolidated net sales were $966.5 million in the second quarter, a decrease of 1.4% from the prior year

President and CEO Christian A. Brickman bought 10,000 shares of SBH stock on May 8 2017 at a price of $19.88; 10,000 shares on May 23 at a price of $17.91; and 10,000 shares on May 24 at a price of $17.61. The price of the stock has increased by 0.62% since.

Director Edward W. Rabin bought 3,500 shares of Sally Beauty Holdings stock on May 24 at a price of $17.72. The price of the stock has decreased by 0% since.

Senior Vice President, General Counsel and Secretary Matthew Olen Haltom sold 3,060 shares of Sally Beauty Holdings stock on May 9 at a price of $20. The price of the stock has decreased by 11.4% since.

SiteOne Landscape Supply Inc.: CEO Doug Black bought 6,200 shares

CEO of SiteOne Landscape Supply Inc. (SITE, Financial) Doug Black bought 6,200 shares on May 25 at a price of $50.76. The price of the stock has increased by 2.44% since.

SiteOne is a supplier of wholesale irrigation, outdoor lighting, nursery, landscape supplies, fertilizers, turf protection products, grass seed, turf care equipment and golf course accessories for green industry professionals. The company has a market cap of $2.064 billion. Its shares traded at $52 as of May 26.

Net sales for the first quarter of 2017 increased to $335.0 million, or 2%, compared to $328.5 million for the prior-year period.

10% Owner and Co. Deere sold 3,998,550 shares of SiteOne Landscape Supply stock on May 1 at a price of $46.08. The price of the stock has increased by 12.85% since.

10% Owner Associates VIII Ltd. CD&R sold 7,501,450 shares of SiteOne Landscape Supply stock on May 1 at a price of $47.5. The price of the stock has increased by 9.47% 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 the article.