Weekly Top Insider Buys Highlight for the Week of July 12

The largest Insider Buys this week were for Thor Industries Inc. (THO), Sinclair Broadcast Group Inc. (SBGI), OPKO Health Inc. (OPK), and Perspecta Inc. (PRSP).

Author's Avatar
Jul 14, 2019
Article's Main Image

The largest Insider Buys this week were for Thor Industries Inc. (THO, Financial), Sinclair Broadcast Group Inc. (SBGI, Financial), OPKO Health Inc. (OPK, Financial), and Perspecta Inc. (PRSP, Financial).

Thor Industries Inc. (THO, Financial): Director James L. Ziemer bought 3,545 shares

Director James L. Ziemer bought 3,545 shares of THO stock on July 8 at the average price of $57.23. The price of the stock has increased by 3.65% since.

Thor Industries Inc. is an American vehicle manufacturing and marketing company that focuses on the manufacture and sale of recreational vehicles. The company sells its products through brands including Aistream, Heartland RV, Jayco, Livin Lite RV, and others. The company has manufacturing facilities in Michigan, Ohio, Indiana, Idaho, and Oregon. The company has a market capitalization of $3.27 billion, and as of July 12 it traded at $59.32.

On June 20 Thor Industries Inc. announced the creation of a new global senior management position, Vice President of International Supply Chain Operations, which will be filled by Chris Workman. The new role will play a vital part in developing global sourcing strategies and improving operating margins. Workman was Senior Director of Supply Chain Operations for Baxter Internationals most recently and he held multiple senior supply chain management roles with Terex Corporation in the past.

Sinclair Broadcast Group Inc. (SBGI, Financial): Executive Chairman David D. Smith bought 395,000 shares

Executive Chairman David D. Smith bought 395,000 shares of SBGI stock on July 10 at the average price of $55.10. The price of the stock has increased by 7.17% since.

Sinclair Broadcast Group Inc. is an American telecommunications conglomerate which is the largest television station operator in the U.S. by the number of stations. The company owns or operates a total of 193 stations across the nation in over 100 markets, covering approximately 40% of American households. The company has a market capitalization of $5.39 billion, and as of July 12 it traded at $59.05.

On July 11 Sinclair Broadcast Group Inc. reported preliminary second quarter 2019 revenues. The preliminary media revenue for the three months ended June 30 was approximately $721 million, in accordance with the company’s previously released outlook of $716 to $725 million.

OPKO Health Inc. (OPK, Financial): CEO & Chairman Phillip Frost bought 100,000 shares

CEO & Chairman Phillip Frost bought 100,000 shares of OPK stock on July 8 at the average price of $2.23. The price of the stock has decreased by 3.14% since.

OPKO Health Inc. is an American pharmaceutical and medical test company. The company is mainly focused on diagnostics and pharmaceuticals, but also develops treatments for secondary hyperparathyroidism. In 2014, it acquired Laboratorio Arama de Uruguay. The company has a market capitalization of $1.33 billion, and as of July 12 it traded at $2.16.

On July 1 OPKO Health Inc. announced that its subsidiary, BioReference Laboratories, has been selected by SOMOS, a physician led network of more than 2,500 health care providers in New York City, as its preferred provider of diagnostic testing and to assist with data analytics for its patients. The new collaboration is aimed to streamline patient care and to offer improved communication efficiencies between the two companies’ networks.

Perspecta Inc. (PRSP, Financial): Director Philip O. Nolan bought 4,366 shares

Director Philip O. Nolan bought 4,366 shares of PRSP stock on July 3 at the average price of $22.98. The price of the stock has increased by 4.31% since.

Perspecta Inc. is an American public government contractor that was formed from the merger between Vencore, DXC Technology, and KeyPoint Government Solutions. The company has over 260 issued, licensed, and pending patents and offers solutions in mission services, digital transformation, and enterprise operations. The company has a market capitalization of $3.9 billion, and as of July 12 it traded at $23.97.

On June 6 Perspecta Inc. announced financial results for the fourth quarter and full year 2019, ended March 31. Revenue for the quarter was $1.09 billion, while revenue for the year was $4.03 billion. Diluted loss per share was 12 cents for the quarter while diluted earnings per share was 44 cents for the year. The company had $1.4 billion in bookings for the quarter and $6.8 billion for the full year.

For the complete list of stocks that were bought by their company executives, go to: Insider Trades.

Disclosure: I do not own stock in any of the companies mentioned in the article.