Largest Insider Trades of the Week

Insiders dump shares of Eastman Kodak, Best Buy and Uber

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Dec 06, 2019
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The GuruFocus All-in-One Screener can be used to find insider trades from a specific period of time or for a certain range of value. For these stock picks, I went under the Insiders tab and changed the settings for All Insider Buying to “$200,000+,” the duration to “December 2019” and All Insider Sales to “$200,000+.”

According to these filters, the following are significant trades from company insiders this week.

CBL & Associates Properties

Director Michael L. Ashner bought 1 million shares of CBL & Associates Properties Inc. (CBL, Financial) for an average price of $1.04 per share on Dec. 4.

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The real estate investment trust has a market cap of $180.44 million, an institutional ownership of 57.63% and an insider ownership of 3.3%.

Over the past 12 months, the stock has fallen 55.31%. As of Friday, it was trading 58.78% below its 52-week high and 39.37% above its 52-week low.

GTT Communications

Spruce House Partnership LP bought 1.13 million shares of GTT Communications Inc. (GTT, Financial) for an average price of $9.37 per share on Dec.4.

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The technology and telecommunications company has a market cap of $565.94 million and an enterprise value of $4.07 billion. It has institutional ownership of 79.32% and an insider ownership of 10.72%.

Over the past 12 months, the stock has fallen 66.93%. As of Friday, it was trading 76.24% below its 52-week high and 120.34% above its 52-week low.

Globalstar

James Monroe III, CEO and 10% owner, bought 3.09 million shares of Globalstar Inc. (GSAT, Financial) for an average price of 39 cents per share on Dec. 2.

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The low-orbit satellite operator has a market cap of $648 million, an institutional ownership of 28.78% and an insider ownership of 0.81%.

Over the past 12 months, the stock has risen 21.62%. As of Friday, it was trading 38% below its 52-week high and 55% above its 52-week low.

Eastman Kodak

Blackstone Group Inc. and GSCO Cactus Credit Opportunities, 10% owners of Eastman Kodak Co. (KODK), sold a combined 17.75 million shares for an average price of $2.50 per share on Dec. 3.

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The camera company, which operates print systems, enterprise inkjet systems, software and solutions, has a market cap of $108.06 million and an enterprise value of $231.06 million. It has an institutional ownership of 52.44% and an insider ownership of 12.58%.

Over the past 12 months, the stock has fallen 31.42%. As of Friday, it was trading 35.09% below its 52-week high and 34.33% above its 52-week low.

Best Buy

Richard Schulze, a 10% owner of Best Buy Co. Inc. (BBY, Financial), sold 987,500 shares for an average price of $78.62 per share on Dec. 3.

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The American electronics retailer has a market cap of $20.87 billion, an insider ownership of 2.35% and an institutional ownership of 98.09%.

Over the past 12 months, the stock has risen 28.34%. As of Friday, shares were trading 4.41% below the 52-week high and 67.52% above the 52-week low.

Uber Technologies

Uber Technologies Inc. (UBER, Financial) Director Travis Cordell Kalanick sold 3.17 million shares for an average price of $29.41 per share on Dec.2.

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The ride-sharing service has a market cap of $49.57 billion and an enterprise value of $45.10 billion. It has insider ownership of 52.22% and institutional ownership of 6.52%.

Over the past 12 months, the stock has declined 30.79%. As of Friday, shares were trading 15.45% below the 52-week high and 16.15% above the 52-week low.

Disclosure: I do not own any stocks mentioned.

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