According to GuruFocus insider data, these are the largest CEO buys from the past week.
Energy Transfer
Energy Transfer LP (ET, Financial) CEO Kelcy L. Warren bought 3,969,224 shares on Nov. 19 for an average price of $11.37. The stock has gained 4.93% since then.
Energy Transfer owns and operates a diversified portfolio of energy assets. The company offers natural gas midstream and liquid, crude oil and refined products, as well as provides transportation and storage services.
The company has a market cap of $31.34 billion. Its shares traded at $11.93 with a price-earnings ratio of 9.58 as of Nov. 22. Net income for the third quarter of 2019 was $1.16 billion compared to $1.39 billion for the prior-year quarter.
Chief Financial Officer Thomas E. Long bought 18,000 shares on Nov. 14 for an average price of $11.15. Since then, the share price has increased by 7%.
Uber Technologies
Uber Technologies Inc. (UBER, Financial) CEO Dara Khosrowshahi bought 250,000 shares on Nov. 18 for an average price of $26.75. The stock has climbed 10.5% since then.
Uber Technologies develops and supports proprietary technology applications that enable independent providers of ridesharing, meal preparation and delivery services to transact with end-users worldwide. The company’s driver partners provide ridesharing services through a range of vehicles, and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
The company has a market cap of $50.42 billion. Its shares traded at $29.56 as of Nov. 22. Net loss attributable to Uber Technologies for the third quarter was $986 million compared to a loss of $1.16 billion for the comparable period of 2018.
Director Ronald D. Sugar bought 35,000 shares on Nov. 8 for an average price of $27.2. Since then, the share price has increased by 8.68%.
Director Travis Cordell Kalanick sold 6,430,129 shares on Nov. 18 for an average price of $26.63 and 20,465,093 shares on Nov. 21 for $28.25 per share. The share price has increased by 4.64% since then.
Chief Product Officer Manik Gupta sold 3,444 shares on Nov. 19 for an average price of $26.81. Since then, the stock has risen 10.26%.
Director Garrett Camp sold 250,000 shares on Nov. 18 for an average price of $26.75. The price of the stock has increased by 10.5% since then.
Gannett
Gannett Co. Inc. (GCI, Financial) CEO Michael Reed bought 285,000 shares on Nov. 21 for an average price of $6.61. Since then, the stock has declined 1.82%.
Gannett operates as a media and marketing solutions company. It offers 260 print and digital daily and non-daily publications under the USA TODAY NETWORK brand name in the U.S. and Newsquest, which has a print and online publications portfolio of approximately 150 news brands and 150 magazines in the United Kingdom. It also provides commercial printing and distribution, marketing and data services.
The company has a market cap of $744.27 million. Its shares traded at $6.49 with a price-earnings ratio of 66.22 as of Nov. 22. On Nov. 19, New Media Investment Group Inc. and Gannett announced the successful completion of the acquisition of Legacy Gannett by New Media for a combination of cash and stock. The combined company adopted the name Gannett and trades on the New York Stock Exchange under the ticker GCI.
Aramark
Aramark (ARMK, Financial) CEO John J. Zillmer bought 35,000 shares on Nov. 21 for an average price of $42.68. The stock has inched up 0.96% since then.
Aramark provides food, facilities and uniform services to a variety of clients and institutions. The majority of company revenue comes from its North American food and support services segment. Smaller but substantial segments include food and support services international and uniform and career apparel.Â
The company has a market cap of $10.64 billion. Its shares traded at $43.09 with a price-earnings ratio of 24.21 as of Nov. 22. Net income for the fourth quarter of 2019 was $86 million compared to the year-ago quarter, when net income was $175 million.
Plains GP Holdings
Plains GP Holdings LP (PAGP, Financial) CEO Willie Chiang bought 60,000 shares on Nov. 20 for an average price of $17.14. Since then, the share price has increased by 5.78%.
Plains All American provides transportation, storage, processing, fractionation and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas and related products. Assets are geographically diverse, spanning the U.S. and in Alberta, Canada, but heavily concentrated in major U.S. shale basins like the Permian, Stack and Bakken.
The company has a market cap of $3.3 billion. Its shares traded at $18.13 with a price-earnings ratio of 7.19 as of Nov. 22. Net income for the third quarter was $449 million, down from $710 million in the prior-year quarter.
Director Greg L. Armstrong bought 60,000 shares on Nov. 20 for an average price of $17.14. The price of the stock has increased by 5.78% since then.
Director Everardo Goyanes bought 20,000 shares on Nov. 18 at a price of $17.91. Since then, the price of the stock has increased by 1.23%.
For the complete list of stocks 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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